4.6 billion riyals, the value of 220 private deals in the...

The value of private deals in the Saudi stock market during the third quarter of this year amounted to about 4.6 billion riyals, through executing about 220 deals on about 143.6 million shares.
According to the monitoring unit of the reports in Al-Eqtisadiah newspaper, based on Tadawul data, the value of private deals in the Saudi stock market declined by 66 percent during the third quarter, compared to the same period last year, amounting to about 13.5 billion riyals, which were implemented through 618 A special deal.
According to the Saudi Stock Exchange, private deals are defined as orders that are executed after a seller investor and another buyer agree to trade specific securities at a specified price outside the market, in order to comply with market controls, as well as the rules and regulations issued by the relevant financial market authority, noting that private deals It does not affect the share price while trading.
The value of private deals during the third quarter constituted about 0.9 percent of the total value of shares traded in the main market, amounting to about 529.2 billion riyals.
According to the monitoring, the largest deals during the period took place on the shares of Banque Saudi Fransi, with about 1.45 billion riyals, which constituted 31.7 percent of the total deals, followed by the SABB deal, and about 1.33 billion riyals, which constituted 29.2 percent.
The third comes the “Bupa Arabia” deal, amounting to 504 million riyals, then the “centers” by 208 million riyals, and the fifth, “Med Gulf”, with a deal amounting to 95 million riyals.
While the top five transactions accounted for about 78.5% of the total transactions during the third quarter.
The value of deals in July amounted to about 485 million riyals through the implementation of 36 deals, while the value of the deals in the month of August amounted to about 792 million riyals through the implementation of 75 deals, while the value of the deals in the month of September reached about 3.29 billion riyals through the implementation of 109 private deals.
The private deals in the second quarter of this year amounted to about 260.7 billion riyals through the implementation of 129 deals. The deal included the acquisition by Saudi of a 70 percent stake in SABIC from the Public Investment Fund, which amounted to about 259.12 billion riyals, equivalent to 123.39 SAR per share.

Economic Reports Unit

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