Chubb Arabia Cooperative Insurance Co. saw two negotiated deals on its shares today, Nov. 22, where two million shares were privately traded for SAR 70 million.
The deals represent 6.7% of the total company’s shares standing at 30 million shares.
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.
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Key Facts |
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Company |
Market Price (SAR) |
Negotiated Price (SAR) |
Shares Traded |
Value (SAR mln) |
|
Chubb Arabia |
35.50 |
35.00 |
1,000,000 |
35.00 |
|
1,000,000 |
35.00 |
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