A branch of Saudi Investment Bank

Saudi Investment Bank (SAIB) saw two negotiated deals today, Aug. 23, on its treasury rights for a total of SAR 13.7 million.

  

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

Bank

Rights Price

(SAR)

Negotiated Price (SAR)

Rights Traded

Value

(SAR mln)

SAIB treasury rights

2.16

2.00

3,029,232

6.06

3,798,924

7.60

 

The rights trading period ends today, Aug. 23, according to data compiled by Argaam. 

 

SAIB announced a plan to sell 75 million of its owned treasury shares, representing 9.99% of capital, through a mechanism similar to a rights issue. 

 

Holders of rights issue are allowed to exercise their right to buy treasury shares up to the number of rights available in their portfolios. 

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

SAIB treasury shares rights trading period ends today

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request