Saudi Tadawul Witnesses 22 Private Deals Worth $104.26 Million on Thursday

In a notable day of trading, the Saudi Stock Exchange (Tadawul) saw the execution of 22 private deals totaling $104.26 million on Thursday. These transactions, primarily involving local banks, highlight the dynamic nature of the Saudi financial market. The highest value deal was executed by Alinma Bank, amounting to $35.2 million across six transactions. This surge in private deals underscores the growing investor confidence and the robust activity within the Saudi stock market.

The banking sector dominated the private deals on Tadawul, with several high-value transactions taking place. Alinma Bank led the way with six deals worth $35.2 million, involving approximately 4 million shares at a price of $8.73 per share. This significant activity reflects the bank’s strong position and investor interest in its shares.

Other notable transactions included Al-Awwal Bank, which concluded two deals involving 1.5 million shares at a price of $9.70 per share, totaling $26.1 million. Additionally, Al-Ahli (SNB) recorded two deals worth $14.7 million, with about 1.5 million shares traded at $9.80 per share. These transactions indicate a healthy demand for banking stocks and a positive outlook for the sector.

Banque Saudi Fransi (BSF) executed the lowest value among the banks, with a deal worth $933,000 involving 100,000 shares at a price of $9.40 per share. Despite being the smallest transaction, it still highlights the active participation of various banks in the private deals market.

Diverse Deals Across Sectors

While the banking sector saw the most significant activity, other sectors also participated in the private deals on Tadawul. STC shares concluded a private deal involving 741,000 shares at a price of $10.63 per share, amounting to $7.9 million. This transaction underscores the interest in the telecommunications sector and the confidence in STC’s performance.

Ataa Educational Company executed five deals involving 347,000 shares worth $6.7 million. The education sector’s involvement in these private deals highlights the diverse nature of the transactions and the broad investor interest across different industries. Special deals were also made on the shares of Marafiq, Lumi, Buruj Insurance, Adis, and Al-Mutaqaddama, totaling $12 million.

These transactions, although varied in value and sector, collectively contribute to the overall vibrancy and liquidity of the Saudi stock market. The ability to execute such a range of deals indicates a well-functioning market with diverse investment opportunities.

Implications for the Saudi Stock Market

The execution of 22 private deals worth $104.26 million in a single day has significant implications for the Saudi stock market. It reflects the growing confidence of investors in the market’s stability and potential for growth. The high level of activity, particularly in the banking sector, suggests a positive outlook for the financial industry and its role in the broader economy.

These private deals, conducted outside the regular trading sessions, provide flexibility for investors to negotiate terms and execute large transactions without impacting the market price. This mechanism helps maintain market stability while accommodating substantial trades. The successful execution of these deals also demonstrates the efficiency and robustness of the Tadawul trading platform.

Looking ahead, the continued interest in private deals could attract more investors to the Saudi stock market, further enhancing its liquidity and depth. As the market evolves, the ability to facilitate such transactions will be crucial in supporting its growth and development.

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