Sinad buys 5% of WAJA in negotiated deals

27/03/2025 Argaam
Logo ofSinad Holding Co.

Logo of Sinad Holding Co.

Sinad Holding Co. announced today, March 27, the completion of the 5% acquisition of  Waja Co.’s share capital through negotiated deals, according to a Tadawul filing.

 

For more news and details on M&As

 

The Nomu-Parallel Market witnessed today three negotiated deals, two of which were executed on 3.5 million of WAJA’s shares at SAR 6.50 each, totaling SAR 22.75 million.

 

WAJA boasts a capital of 70 million shares, with the acquired stake making 3.5 million shares. The stock closed at SAR 8.20 today.

 

Listed in Nomu, WAJA’s main business activities include contracting, advertising, communications, and IT.

 

On its part, Sinad said the move aligns with its strategy to diversify its portfolio with high-value investments that enhance shareholder returns.

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