Tasnee special deal: SAR 4.2M block trade at SAR 9.25/shr

A negotiated block trade in National Industrialization Company (Tasnee) shares went through on July 13 at SAR 9.25 apiece, the Saudi bourse disclosed.

The deal covered 457,690 shares with a total value of SAR 4.23 million. Negotiated trades are executed off the order book between two counterparties and do not reflect standard market pricing.

The transaction comes weeks after Tasnee completed construction on its ethylene cracker expansion, a milestone the company called a major step in its industrial growth strategy. The expanded capacity is expected to feed downstream petrochemical production at the company's Jubail complex.

Tasnee shares closed at SAR 9.20 on the day of the block trade, according to exchange data.