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The Saudi Exchange (Tadawul) reported four negotiated deals totaling SAR 37.8 million on April 5, involving shares of Petro Rabigh and Al Hammadi Holding Co. The transactions included three deals on Petro Rabigh at SAR 11.00 per share (below its stock price of SAR 11.34) and one deal on Al Hammadi at SAR 27.00 per share (slightly above its stock price of SAR 26.98). The largest single transaction was 1.393 million shares of Petro Rabigh valued at SAR 15.33 million.
These negotiated deals, which are executed outside regular trading hours, may indicate insider activity or strategic share transfers. For traders, such transactions can signal potential short-term volatility or liquidity shifts, particularly in mid-cap stocks like Petro Rabigh and Al Hammadi. However, the overall market impact remains limited given the relatively small size of the deals compared to daily trading volumes.
For Saudi investors, the activity highlights ongoing corporate governance dynamics and shareholder transactions. Traders should monitor Tadawul's daily reports for similar patterns in other stocks, as negotiated deals can sometimes precede earnings announcements or corporate actions. The focus for regional markets remains on broader economic reforms and corporate performance amid the post-pandemic recovery.
