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Middle East & Africa Block Trades CMA SAR

Saudi Arabia Block Trade on Tadawul

Block-trade financing and discreet execution for large lines of shares listed in Saudi Arabia — for sellers and acquirers who need to move size without disturbing the order book or the price.

01 · Process
How it works

From enquiry to print.

—StageWhat happensTiming
01Confidential enquiryThe line, the holding and the objective, shared through a secure channel.Day one
02Pricing the blockThe line is sized and a price set against it; any discount reflects size and liquidity.1–2 days
03Execution & printWorked off the order book or negotiated, then printed under the exchange’s block-trade rules.On the day
04Settlement & disclosureSettles on the standard cycle; any substantial-holding disclosure is sequenced around the print.T+1 / T+2
02 · The Market
Middle East & Africa

Saudi Arabia equity markets.

A Saudi Arabia block trade moves a large line of Tadawul-listed stock in a single negotiated deal — off the order book, at an agreed price — so a holder can exit, or an acquirer build a position, without walking the screen. Black Haven can take the line onto its own book, giving the seller a clean, priced exit while the disclosure that follows a substantial transfer, and any foreign-ownership limit on the buyer, is managed around the print.

On Tadawul a block moves as a negotiated deal reported off-market rather than crossed on the order book. The exchange sets a minimum deal value that scales with the stock’s average daily traded value, grouped into size tiers, and holds the price within the regular fluctuation band. Size is read against that daily turnover: a line that is a modest fraction of TASI or MT30 turnover prints readily, while a large slice of a Nomu or thin name needs the print structured to absorb it. The 5%-and-1% ownership notifications apply to the resulting change in holding, and the settlement runs T+2.

Saudi Arabia block trades at a glance:

Listed venueSaudi Exchange (Tadawul)
RegulatorCapital Market Authority (CMA)
CurrencySAR
SettlementT+2
Disclosure threshold5%
Principal indicesTASI (Tadawul All Share Index), MT30
StructureOff-market or negotiated-price

Regulatory references are published for general orientation and are not legal advice.

03 · Exchanges
One Venue

Each Saudi Arabia exchange, covered.

Tadawul · Riyadh

Saudi Exchange (Tadawul)

The largest equity venue in the Middle East and one of the largest emerging-market venues globally. Foreign ownership opened progressively from 2015; the Saudi Aramco listing remains the largest IPO in history. Sharia compliance considerations are central to position-level structuring.

View Tadawul →
04 · FAQ
Saudi Arabia · Block Trades

What holders ask about Saudi Arabia.

01Does a block trade in Saudi Arabia have to be disclosed?
The trade prints as a negotiated deal reported to the exchange, and the change in holding it produces feeds the ownership regime: an interest reaching 5%, and each subsequent 1% change, is notifiable to the Capital Market Authority. Where the buyer is a foreign investor, per-investor and aggregate caps apply as well. We manage the reporting and any consent points around the print rather than after it.
02How large a line can move in a single block?
It depends on the name’s liquidity. Tadawul sets a minimum negotiated-deal value that scales with the stock’s average daily traded value, and the price stays within the regular band. A line that is a manageable multiple of daily turnover in a TASI or MT30 constituent moves in one print; a large slice of a thin or Nomu name is structured, and sometimes staged, so it clears without dislocating the screen.
03How do you execute a Saudi Arabia block trade?
We work the line off the order book, off-market or at a negotiated price, and the block is then printed to Saudi Exchange (Tadawul) under its block-trade rules. Black Haven Investments can take all or part of the risk on the line, so the seller achieves a clean exit at an agreed price.
04How large a block can you handle in Saudi Arabia?
It depends on the stock’s free float, daily traded volume and volatility. We assess each line on its merits and indicate a workable size and price range after reviewing the position.
05Does the block trade have to be disclosed?
Often, yes. A substantial transfer by a significant shareholder is generally disclosable under the relevant regime overseen by CMA. We manage the sequencing and wording of any required notification around the trade.
06Can you finance the buyer of the block?
Yes. A block can be paired with a stock loan to the acquirer, so the newly acquired Saudi Arabia-listed line serves immediately as collateral for the financing that funds it.
07What is the settlement cycle for a Saudi Arabia block trade?
The negotiated block is printed to Saudi Exchange (Tadawul) under its block-trade rules and then settles on the standard T+2 cycle. We coordinate the print, the settlement and any financing legs so the line moves cleanly.
08At what level must a block be disclosed in Saudi Arabia?
The principal threshold is 5%, under CMA disclosure rules overseen by CMA. A crossing by a substantial holder is notifiable; we sequence the print and the notice.
09Can you execute a block for a foreign or offshore seller?
Yes. The line is held with a qualified custodian and the block printed to Saudi Exchange (Tadawul); we manage cross-border custody, settlement and the disclosure that attaches to a substantial transfer.
10How quickly can a Saudi Arabia block be executed?
It depends on the stock’s liquidity and the size of the line relative to daily volume. Once mandated, many blocks are worked and printed within days; thinner lines are paced to limit market impact.
05 · Adjacent Markets
Middle East & Africa

Countries adjacent to Saudi Arabia.

United Arab Emirates · Israel · South Africa · Qatar · Kuwait · Egypt · Nigeria

All countries →

Guides

Related guides.

Block Trades

What Is a Block Trade, and How Does One Work?

A block trade is the off-market sale of a large line of listed shares at a negotiated price, executed bilaterally and printed under exchange rules to avoid moving the open market.

Read → Block Trades

How Do You Sell a Large Block of Shares Without Moving the Price?

A large block is sold without moving the price by taking it off the open order book — negotiating off-market at an agreed price, often with a liquidity provider taking the risk, and printing under exchange block rules.

Read → Disclosure

Do Block Trades Have to Be Disclosed?

Often yes. Once a significant shareholder crosses a market’s substantial-holding threshold, a block sale is generally notifiable to the regulator within a set window, with thresholds varying by jurisdiction.

Read →

A particular Saudi Arabia holding to talk through?

Send a confidential enquiry, and a senior principal will reply within one business day.

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