KHC sees negotiated deal worth SAR 5.68 bln on Sunday

Tadawul trading screen

Kingdom Holding Co. (KHC) saw a negotiated deal on its shares today, May 22, where 625 million shares were privately traded for SAR 5.7 billion. 

The sold shares represent nearly 16.87% of the company’s total number of shares reaching 3.71 billion. 

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. 

KHC’s major shareholder and founder, Prince Alwaleed bin Talal, signed, on May 19, an agreement with the Public Investment Fund (PIF) to sell 625 million shares, representing 16.87% of the company’s share capital, according to data available with Argaam.  

The sale was made through a private sale and purchase transaction at SAR 9.09 each.