Saudi sukuk market sees four special deals worth $15mln

Special deals are orders executed when a seller and a buyer agree to trade specific securities at a specific price in order to comply with the Saudi Stock Exchange

  
Islamic finance. Image use for illustrative purpose.

Islamic finance. Image use for illustrative purpose.

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RIYADH: Four special deals were completed today in the Saudi sukuk and bond market, with a total value of SR56.17 million ($14.9 million), Argaam reported.

Special deals are orders executed when a seller and a buyer agree to trade specific securities at a specific price in order to comply with the Saudi Stock Exchange (Tadawul) controls and the regulations issued by the relevant Capital Market Authority, according to Tadawul.

Special deals do not affect the price of the last deal, the highest or lowest price of the instrument, the opening or closing price, the market index, or the sector indices.

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