950M Riyal Deals: 3.3% Company Stake Changing Hands

by Archynetys Economy Desk

Logo of Umm Al-Qura Development and Reconstruction Company – Masar


Today, Wednesday, before the opening of the main market – TASI, 137 private transactions took place on the track, with about 48 million shares, with a total value of 950.4 million riyals.

The deals that took place on the track represented about 3.3% of the company’s total shares, which amounted to 1.4 billion shares. Below is a summary of the deals:






Summary of special deals

Company

Share price

(SAR)

Transaction price

(SAR)

Quantity of transactions

(stock)

Transaction value

(million riyals)

path

21.98

19.80

48000000

950.40

According to the data available on numbersThe Public Investment Fund had decided to offer not more than 48 million shares of Umm Al-Qura Development and Reconstruction Company – Masar to institutional investors, and the offering shares represent approximately 3.3% of the company’s issued capital.

According to Tadawul, special trades are orders that are executed when a selling investor and a buying investor agree to trade specific securities at a specific price that is compatible with the controls of the Saudi Financial Market (Tadawul) and the rules and regulations issued by the relevant Financial Market Authority.

Special trades do not affect the price of the last trade, the highest or lowest stock price, the opening price or closing price, the market index or sector indices.

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