The Abu Dhabi Securities Exchange (ADX) has reported the completion of 15 significant direct deals involving shares of ADNOC Gas Plc and Modon Holding PSC, totaling AED2.66 billion ($724.2 million).
According to ADX data, the first transaction involved approximately 505.8 million shares of Modon Holding, amounting to AED2.44 billion through six substantial deals, executed at a price of AED4.83 per share.
The second transaction encompassed about 71.5 million shares of ADNOC Gas, valued at AED218.2 million through nine major transactions, with an execution price of AED3.05 per share.
These large direct transactions occur outside the order book and do not impact the closing price of the company’s shares or the price index. Additionally, they do not influence the highest and lowest prices recorded during the trading session or over the past 52 weeks.
Moreover, in September, ADX announced that “Bayanat AI PLC” has officially changed its name to “Space42 PLC” after merging with Al Yah Satellite Communications Company PJSC, effective October 1, 2024. Additionally, ADX reported that trading of the new shares for Bayanat AI PLC—following the merger—commenced on October 1. The final trading day for shares of Al Yah Satellite Communications Company PJSC was September 30.
For more news on markets, click here.
