Saudi Aramco sees 1,231 negotiated deals worth SAR 42.1B

Logo of Saudi Aramco

The Saudi Exchange (Tadawul) witnessed today, June 9, as many as 1,231 negotiated deals worth SAR 42.1 billion on Saudi Arabian Oil Co. (Saudi Aramco), as following:

The deals were executed on approximately 1.55 billion shares, as follows:

According to data available on Argaam, the world’s largest oil exporter announced a secondary offering to sell 1.54 billion shares, or nearly 0.64% of its issued shares. Aramco has SAR 90 billion capital, divided into 242 billion shares with no nominal value.

The book-building process started on June 2 and ended on June 6.

A negotiated deal involves a stock purchase based on a bargain between buyers and sellers, apart from the market price.

The negotiated deal is conducted under the control of Tadawul and relevant capital market laws and regulations.

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