AI Summary
Tadawul trading screen
The Saudi Exchange (Tadawul) recorded today, Oct. 8, nine negotiated deals with a total value of SAR 2.84 billion.
Among these, a major transaction involved Petro Rabigh, covering approximately 375.97 million shares worth SAR 2.63 billion, representing about 22.49% of the company’s total 1.67 billion shares.
Notably, in August 2024, Saudi Aramco entered into a binding agreement to acquire an additional 22.5% stake in Petro Rabigh from Sumitomo Chemical for $702 million (SAR 2.63 billion) at SAR 7 per share. Following the acquisition, Aramco became the largest shareholder in Petro Rabigh with an ownership of around 60%, while Sumitomo Chemical’s stake declined to 15%.
The day’s transactions also included a deal on BAAN, involving roughly 15.70 million shares valued at SAR 33.76 million, representing around 5% of the company’s total 315 million shares.
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Details |
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|
Company |
Stock Price |
Negotiated Price |
Shares Traded |
Deal Value |
|
Petro Rabigh |
7.67 |
7.00 |
375,974,998 |
2,631.82 |
|
Makkah Construction |
86.75 |
86.85 |
557,664 |
48.43 |
|
531,743 |
46.18 |
|||
|
BAAN |
2.31 |
2.15 |
15,700,000 |
33.76 |
|
ACWA Power |
216.20 |
215.00 |
160,000 |
34.40 |
|
80,000 |
17.20 |
|||
|
80,000 |
17.20 |
|||
|
Masar |
23.86 |
24.13 |
631,000 |
15.23 |
|
SAL |
183.90 |
183.60 |
30,000 |
5.51 |
A negotiated deal is executed when a buyer and seller agree to a specific price. It is conducted under the supervision of Tadawul and in adherence to the relevant capital market laws and regulations.
The negotiated deal does not directly impact the last deal price, highest/lowest stock price, opening/closing price, or market/sector indices.
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