Umm Al-Qura Development Sees 950.4 Million Riyal Investment Through Private Deals
RIYADH - A series of 137 private deals are underway to inject 950.4 million riyals into Umm Al-Qura development adn Reconstruction Company – Masar, representing a 3.3% stake in the company. The public Investment Fund (PIF) initiated the offering of up to 48 million shares to institutional investors through these specialized transactions.
These transactions, executed outside of standard market trading, provide a focused investment chance for institutions while minimizing broader market impact. According to Tadawul, Saudi Arabia’s stock exchange, special trades like these require agreement between a willing buyer and seller on a price compliant wiht regulations set by the Saudi Financial Market and the capital market Authority.
Unlike typical trades, these private deals do not influence publicly reported metrics such as last trade price, daily high/low, opening or closing prices, or market indices. This mechanism allows for meaningful capital flow without disrupting established market dynamics.
Tadawul defines special trades as orders fulfilled when both a selling and buying investor concur on a specific price, adhering to the Saudi Financial Market’s controls and regulations issued by the Capital Market Authority. these transactions are designed to facilitate large-scale investment while maintaining market stability.
