Tadawul Group sees 544 negotiated deals for SAR 2.29 bln before market opens

13/11/2022 Argaam
Logo ofSaudi Tadawul Group Holding Co.

Logo of Saudi Tadawul Group Holding Co.

Saudi Tadawul Group Holding Co. (Tadawul Group) registered 544 negotiated deals on its shares before the market opening today, Nov. 13, for a total value of SAR 2.29 billion.

 

Key Facts

Company

Market Price

(SAR)*

Negotiated Price (SAR)

Shares Traded

Value

(SAR mln)

Tadawul Group

209.60

191.00

12,000,000

2,292.00

*Closing price on Thursday

 

The Public Investment Fund (PIF) announced, on Nov. 10, the launch of an accelerated book-building process to sell 12 million shares, or 10% of Tadawul Group’s share capital, to institutional investors, according to data compiled by Argaam.

 

The selling process will be executed through negotiated transactions outside the scope of the market on Nov. 13, prior to market opening, as per the negotiated deals mechanism.

 

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.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

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

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
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.