Tadawul sees 27 negotiated deals worth SAR 2.6 bln on May 28

28/05/2019 Argaam

 

The Saudi Stock Exchange (Tadawul) on Tuesday saw a total of 27 negotiated deals on Saudi Investment Bank (SAIB), National Commercial Bank (NCB), Bank Albilad, Al Rajhi Bank, Saudi Basic Industries Co. (SABIC) and Sahara International Petrochemical Co. (Sipchem) at a total value of SAR 2.61 billion.

 

SAIB saw a negotiated deal on its stock, where about 18.75 million shares were privately traded at a negotiated price of SAR 13.50 each against an official price of SAR 18 for the total value of SAR 253.1 million.

 

The deal represented 2.5 percent of the bank’s total shares of 750 million.

 

A negotiated deal involves a stock purchase based on a bargain between buyers and sellers, apart from market price. The negotiated price does not directly impact the market price.

 

Key Facts

Company

Stock Price

(SAR)

Negotiated Price (SAR)

Shares Traded

Value

(SAR mln)

SAIB

18.14

13.50

18749860

253.12

NCB

54.70

54.70

75767

4.14

54.70

225650

12.34

54.70

24518

1.34

54.70

81173

4.44

54.70

5263737

287.93

54.70

46687

2.55

54.70

48769

2.67

54.70

3326299

181.95

54.70

50412

2.76

54.70

73033

3.99

54.70

29918

1.64

54.70

248844

13.61

54.70

312957

17.12

54.70

28386

1.55

54.70

1196219

65.43

54.70

37800

2.07

54.70

1082334

59.20

 

54.70

35957

1.97

54.70

74537

4.08

Albilad

24.78

23.00

3800000

87.40

23.00

1200000

27.60

Al Rajhi

68.90

68.90

5751050

396.25

68.30

5751050

392.80

SABIC

110.40

110.40

3565469

393.63

108.60

3565469

387.21

Sipchem

20.82

21.04

96324

2.03

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