Complex Made Simple

Telecom sector acquires 32 per cent of Saudi stock deals

Zamil Industrial’s stock accounted for approximately SAR53 million

Investments by investors in private deals in the Saudi stock market are estimated at approximately SAR206.5 million during eight trading sessions, an average of nearly SAR25.81m per session during August 2015.

These deals focus on ten joint-stock companies, distributed among eight different sectors that form the index of the Saudi stock market.

Zamil Industrial’s stock accounted for roughly 26.1 per cent of the total value of private deals, estimated at SAR53m, according to Al Eqtisadiah.

The telecom and information technology sector topped in terms of value, as it acquired roughly 32.1 per cent, estimated at SAR66.4m, of the total value of private deals. This was followed by the construction and building sector, at nearly 26.1 per cent, estimated at SAR53.9m.

The banks and financial services sector ranked third, acquiring approximately 23.4 per cent, estimated at SAR48.3m, UAE-based Al Arabiya reports.

The data reveals that Zamil Industrial’s stock, listed within the construction and building sector, witnessed the most expensive deal, estimated at SAR53.9m.

(SAR1 = AED 0.98, at the time of publishing)