SARCO's SAR 1.7M Block Trade Tests TASI Liquidity

Saudi Arabian Refineries Co. (SARCO) executed a negotiated deal worth SAR 1.7 million on the Saudi Stock Exchange (TASI) last week. The block crossed at SAR 34.50 per share, a 1.2% discount to the prior day's close.

Negotiated trades arranged outside the continuous order book allow large shareholders to reposition without moving the tape. The narrow spread on SARCO's block suggested limited urgency from the seller. The deal's size matched roughly a full day's average turnover for the stock, based on recent trading patterns.

No regulatory filing has disclosed the counterparties. SARCO's largest known holders include public pension funds and founding family trusts. The transaction could reflect a portfolio rebalancing or an internal transfer rather than a distressed exit.

The stock has traded below SAR 35 since early 2025, down from SAR 45 a year earlier. The negotiated deal did not trigger a wider price move in the following sessions, indicating the market absorbed the block without disruption.

SARCO's next scheduled earnings release is due within three weeks. The company has not issued guidance for the quarter.