The stocks of Saudi Kayan and Riyad Bank saw negotiated deals today where a share of the company's stock were privately traded below market price.

 

The Saudi stock market said today 654,000 shares of Riyad Bank changed hands at a negotiated price of SAR 13 per share, while official price was SAR 14.08.

 

Meanwhile, investors traded 92,718 shares of Saudi Kayan for SAR 11 per share, against a market price of SAR 11.48.

 

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)

Number of shares traded

Value

(SAR mln)

Saudi Kayan

11.48

11.00

92,718

1.02

Riyad Bank

14.08

13.00

654,000

8.50

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