Jarir logs SAR 4.4M negotiated trade on Tadawul

A negotiated deal worth SAR 4.4 million crossed on Jarir shares today, July 16, according to Tadawul data. The transaction was executed through the Saudi exchange's negotiated trade facility, which allows block trades outside the regular order book. No further details on the buyer or seller were disclosed in the exchange filing.

Negotiated deals on Tadawul are typically used by institutional investors or large shareholders to move sizeable positions without impacting the stock's market price. Jarir, a Riyadh-based retailer of consumer electronics and office supplies, has a free-float of roughly 40% and is among the more liquid names on the Saudi main market.

The stock closed at SAR 13.60 on Tuesday, giving the company a market value of about SAR 16.3 billion. The negotiated trade represents roughly 0.03% of Jarir's outstanding shares at the current price.