Masar sees 137 negotiated deals worth SAR 950.4M (3.3% stake)

Logo of Umm Al Qura for Development and Construction Co. (Masar)

The Saudi Exchange (Tadawul) witnessed today, Nov. 26, as many as 137 negotiated deals worth SAR 950.4 million on nearly 48 million shares of Umm Al Qura for Development and Construction Co. (Masar).

The deals represent around 3.3% of Masar’s 1.4 billion shares, as shown below:

According to data available with Argaam, the Public Investment Fund (PIF) had decided to offer up to 48 million shares of Masar to institutional investors, representing around 3.3% of the company’s issued capital.

A negotiated deal involves a stock purchase based on an agreement between buyers and sellers, apart from the market price. The negotiated deal is executed under the control 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.