Logo of Saudi Tadawul Group Holding Co.
Saudi Tadawul Group Holding Co. (Tadawul Group) registered 544 negotiated deals on its shares before the market opening today, Nov. 13, for a total value of SAR 2.29 billion.
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Key Facts |
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Company |
Market Price (SAR)* |
Negotiated Price (SAR) |
Shares Traded |
Value (SAR mln) |
|
Tadawul Group |
209.60 |
191.00 |
12,000,000 |
2,292.00 |
*Closing price on Thursday
The Public Investment Fund (PIF) announced, on Nov. 10, the launch of an accelerated book-building process to sell 12 million shares, or 10% of Tadawul Group’s share capital, to institutional investors, according to data compiled by Argaam.
The selling process will be executed through negotiated transactions outside the scope of the market on Nov. 13, prior to market opening, as per the negotiated deals mechanism.
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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