Tadawul trading screen
The Saudi Exchange (Tadawul) witnessed two negotiated deals today, Dec. 26, on four million shares of Wataniya Insurance Co. at a total value of SAR 80 million. These deals represented nearly 20% of the company’s share capital amounting to 20 million shares.
Also, Tadawul witnessed another negotiated deal, today, on Mulkia Gulf Real Estate REIT at a total value of SAR 18.3 million, accounting for 2.9% of the total fund units amounting to 68.1 million.
|
Details |
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|
Company |
Market Price (SAR) |
Negotiated Price (SAR) |
Shares Traded |
Value (SAR mln) |
|
Mulkia REIT |
9.96 |
9.15 |
2000000 |
18.30 |
|
Wataniya Insurance |
43.00 |
20.00 |
2000000 |
40.00 |
|
2000000 |
40.00 |
|||
Wataniya received an email on Dec. 23, from Private Wealth Investment Holding Co., confirming the purchase agreement to acquire The Saudi British Bank’s (SABB) entire stake. The stake comprises four million shares, representing 20% of the company’s capital, and the sale will be for SAR 80 million, Argaam reported.
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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