Chubb Arabia Cooperative Insurance Co. saw two negotiated deals on its shares today, Nov. 22, where two million shares were privately traded for SAR 70 million.

 

The deals represent 6.7% of the total company’s shares standing at 30 million shares.

 

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

 

Key Facts

Company

Market Price

(SAR)

Negotiated Price (SAR)

Shares Traded

Value

(SAR mln)

Chubb Arabia

35.50

35.00

1,000,000

35.00

1,000,000

35.00

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