Tadawul sees 7 negotiated deals worth SAR 108.9 mln

Tadawul trading screen

The Saudi Exchange (Tadawul) witnessed four negotiated deals today, July 21, on Saudi National Bank (SNB), Rabigh Refining and Petrochemical Co. (Petro Rabigh), Al Hammadi Company for Development and Investment and Jarir Marketing Co., at a total value of SAR 38.4 million.

Tadawul also witnessed three other deals on 9.7 million units of Alkhabeer REIT Fund, at a total value of SAR 70.5 million. The deal represented 6.9% of the fund’s total 141 million units.

A negotiated deal involves a stock purchase based on a bargain between buyers and sellers, apart from market price. The negotiated deal shall be conducted under the controls of Tadawul and Capital Market relevant laws and regulations.

The negotiated deal does not impact directly on last deal price, highest/lowest stock price, opening/closing price or market/sectors indices.