Table 11: Public Investment Fund listed domestic assets and their monetization potential in regards to replenishing fiscal reserves at SAMA Potential value of Potential value of secondary offering ifa secondary offering if government stake is sold, government’s but with the government _ existing minority still retaining 51% control stake is liquidated Entity Sector Current government stake (%) Free-float (%) (US$bn) (US$bn) Saudi Basic Industries Corporation (SABIC) Chemicals — PIF: 70.0%; GOSI: 5.7% 24.3% 12,3 0.0 Saudi Telecom (STC) Telecom PIF: 70.0%; GOSI: 7.0%; PPA: 6.77% 16.2% 6.5 0.0 Saudi Electricity (SEC) Power Government: 74.3%; Aramco: 6.9% 18.8% 54 0.0 Saudi Ground Services Travel Saudi Arabian Airline: 52.5%; National Aviation: 14.7% 30.0% 0.4 0.0 Saudi Real Estate Company Realestate PIF: 64.57% 35.5% 0.1 0.0 National Commercial Bank (NCB) Banks PIF: 44.3%; GOSI: 10%; PPA: 10.04% 35.7% 0.0 9.5 Maaden Mining PIF: 49.99%; GOSI: 7.98%; PPA: 7.45% 34.6% 0.0 5.9 Samba Banks PIF: 22.91%; GOSI: 11.76%; PPA: 15.04% 73.2% 0.0 24 Yanbu National Petrochemical Co (Yansab) Chemicals SABIC: 51%; GOSI: 11.92% 37.1% 0.0 2.2 Saudi Arabian Fertilizer Company (SAFCO) Chemicals SABIC: 42.99%; GOSI: 12.2% 44.8% 0.0 2.0 Riyadh Bank Banks PIF: 21.75%; GOSI: 16.72%; PPA: 9.18% 46.6% 0.0 1.9 Southern Province Cement Cement PIF: 37.43%; GOSI: 15.82% 46.8% 0.0 Auf National shipping company Transport — PIF: 22.55% 80.0% 0.0 0.9 Saudi Catering Transport General Airline Services KSA: 35.7% 39.8% 0.0 0.8 Kayan Chemicals SABIC: 35% 65.0% 0.0 0.6 Alinma Bank Banks PIF: 10%; GOSI: 5.10%; PPA: 10.71% 74.1% 0.0 0.5 Qassim cement Cement PIF: 23.35%; GOSI: 15.09%; PPA: 5.67% 79.2% 0.0 0.4 Yanbu cement Cement PIF: 10%; GOSI: 12.37% 68.5% 0.0 0.2 National Agriculture Development Agriculture PIF: 20% 85.1% 0.0 0.1 Saudi Fisheries Agriculture — PIF: 39.99% 38.5% 0.0 0.1 Saudi Public Transport Transport —_— PIF: 15.72% 100.0% 0.0 0.1 Eastern Province Cement Cement PIF: 1