Tadawul sees 29 negotiated deals worth SAR 150.5 mln on Monday

Tadawul trading screen

The Saudi Stock Exchange (Tadawul) witnessed 29 negotiated deals today, March 29, 2021, on shares of AXA Cooperative Insurance Co., Anaam International Holding Group, Al-Jouf Agricultural Development Co., United Cooperative Assurance Co. (UCA), Arabia Insurance Cooperative Co., and Allianz Saudi Fransi Cooperative Insurance Co., at a total value of SAR 150.5 million.

Twenty-four of these deals were executed on AXA Cooperative, representing 5% of the company's total shares of 50 million.

In addition, a deal was also concluded on UCA, accounting for 2.7% of the company's total shares of 40 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 directly impact market price.