Morabaha Marina sees negotiated deal worth SAR 37.3 mln

Tadawul trading screen

Tthe Saudi Exchange (Tadawul) witnessed today, June 21, a negotiated deal on Morabaha Marina Financing Co., at a total value of SAR 37.3 million.

The deal represented nearly 3.6% of the company’s total 71.4 million shares, as follows:

According to data available with Argaam, Morabaha Marina started today trading on Tadawul.

The company offered 21.43 million shares, or 30% of its capital, at SAR 14.60 per share.

A negotiated deal involves a stock purchase based on a bargain between buyers and sellers, apart from market price. The negotiated deal shall be conducted under the controls of Tadawul and Capital Market relevant laws and regulations.

The negotiated deal does not impact directly on last deal price, highest/lowest stock price, opening/closing price, or market/sectors indices.