SARCO sees SAR 1.7M negotiated deal on TASI

The Saudi Exchange (Tadawul) recorded a negotiated deal on Saudi Arabian Refineries Co. (SARCO) worth SAR 1.7 million on Monday, June 30. Negotiated deals are off-exchange block trades arranged between counterparties, often used by institutional investors to execute large orders without moving the market price. The transaction's details, including the number of shares and the price relative to the market, were not disclosed.

SARCO is a Tadawul-listed refining company. The deal represents a small fraction of the company's market value. Negotiated deals are common on Tadawul, particularly in stocks with lower liquidity; they allow large blocks to change hands without disrupting the order book. The Saudi Exchange does not require disclosure of the counterparties in negotiated deals.