Shares of SAIB traded in put-through transaction

Investors traded around 56.24 million shares of Saudi Investment Bank (SAIB) at SAR 13.50 per share, totaling SAR 759.31 million, in a put-through transaction, according to data from the Saudi Stock Exchange (Tadawul).

SAIB’s extraordinary general assembly approved yesterday the buyback of JPMorgan International Finance Limited’s stake in the bank. SAIB will buy back 56.25 million shares, representing 7.49 percent of capital, at a total value of SAR 759.31 million (SAR 13.50 per share).

Put through trades are the orders executed when a seller investor and a buyer investor agree to trade in specific instruments at a specific price in accordance with Tadawul and Capital Market Authority (CMA) regulations.
 

Put through trades do not affect the last trading price, high or low price, opening or closing price, market or sector indices.