Bahri Sees SAR 10.2M via Two Negotiated Deals on Tadawul

Two negotiated deals crossed the tape on Bahri shares Tuesday with a combined value of SAR 10.2 million. The transactions, reported by the Saudi Stock Exchange after the session closed, mark a notable print in the shipping company's shares.

Negotiated deals on Tadawul are privately arranged trades between two counterparties at a price agreed outside the continuous auction. The exchange discloses the negotiated price and the number of shares involved but does not name the buyer or seller. Tuesday's prints, both executed on July 8, totaled SAR 10.2 million.

For context, Bahri's free float is limited – the Public Investment Fund holds a majority stake. A negotiated deal of this size implies a meaningful change in the shareholder register, even if the counterparties remain unknown. The seller could be a large existing holder reducing a position, or the buyer could be an institution building a stake. Without a subsequent regulatory filing, the intent is opaque.

Bahri did not issue a statement on the trades. The company's stock ended the session at its regular auction price, separate from the negotiated transactions. Negotiated deals do not affect the order book or the closing auction price; they are settled as a separate block.

In Saudi equities, large negotiated deals have historically preceded block trades or private placements, according to market participants. The next disclosure point would be any filing triggered by a shareholder crossing the 5% threshold. Until then, the July 8 prints stand as a single, notable data point for traders tracking ownership shifts in the Riyadh-listed shipper.