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The Saudi Exchange (Tadawul) recorded 15 negotiated private deals today, September 6, on the shares of Saudi Pharmaceutical Industries and Medical Appliances Corp. (SPIMACO). The transactions totaled SAR 351.21 million and covered a substantial stake in the healthcare provider.
The negotiated transactions involved roughly 12.59 million shares, representing approximately 10.49% of SPIMACO's total paid-up share capital of 120 million shares. The private deals were executed at a negotiated price of SAR 27.90 per share, which represented a discount compared to the prevailing market trading price of SAR 30.80 per share.
Negotiated deals on Tadawul allow institutional investors and major shareholders to execute large-block transfers without impacting the open market price order book. Market watchers closely monitor such large stake shifts, as they often signal strategic realignments among major institutional investors or private equity players in the Saudi healthcare sector.
