Tadawul: GASCO sees 12 negotiated deals at SAR 491.2 mln

03/09/2023 Argaam
Tadawul trading screen

Tadawul trading screen


 The Saudi Exchange (Tadawul) witnessed today, Sept. 3, 12 negotiated deals worth SAR 8.19 million on shares of National Gas and Industrialization Co. (GASCO), at a total value of SAR 491.19 million

 

The deals represented nearly 10.92% of the company’s 75 million shares.

 

Details

Company

Market Price
(SAR)

Negotiated Price
(SAR)

Shares Traded

Value
(SAR mln)

GASCO

64.00

60.00

1139728

68.38

888250

53.30

53939

3.24

879418

52.77

1998491

119.91

1002592

60.16

575037

34.50

16702

1.00

594451

35.67

8976

0.54

107621

6.46

921250

55.28

 

The Public Investment Fund (PIF) signed a binding share sale and purchase agreement (SPA)  to sell the company’s its 10.92% stake in GASCO, or 8.19 million shares, to Jadwa Investment through a negotiated deal of SAR 491.19 million.

 

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.

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