Dubai Financial Market witnessed the execution of 58 large direct deals during the first four months of this year, with a total value exceeding AED 1.83 billion, involving shares of 10 companies listed on the market.

According to Dubai Financial Market data, these deals were carried out on around 1.12 billion shares, reflecting continued activity in large-sized transactions that are usually executed outside the regular order book.

The companies whose shares saw large direct deals included Gulf Navigation Holding, Amanat Holdings, BHM Capital Financial Services, ALEC Holdings, Union Properties, Al Ramz Corporation Investment and Development, Dubai Investments, Commercial Bank of Dubai, Al Sagr National Insurance, and Taaleem Holdings.

Gulf Navigation Holding accounted for the largest share in terms of both the number and value of deals. A total of 25 large direct deals were executed on 448.51 million of the company’s shares, with a value of AED 950.45 million.

Amanat Holdings was also among the most active companies in this type of transaction, with 13 large direct deals executed on 461.68 million shares, valued at AED 554.02 million. BHM Capital Financial Services saw six deals executed on 14.97 million shares, with a total value of AED 15.02 million.

In the real estate sector, six large direct deals were carried out on Union Properties shares, worth AED 82 million. ALEC Holdings also recorded three deals on around 18.96 million shares, with a combined value of AED 26.17 million.

The deals also included one large direct transaction on 9.5 million shares of Dubai Investments, valued at AED 39.9 million, in addition to one deal on 1.53 million shares of Commercial Bank of Dubai, worth AED 14.3 million.

A deal was also executed on 11.69 million shares of Al Ramz Corporation Investment and Development, valued at AED 18.71 million. Taaleem Holdings recorded a large direct deal on 35.84 million shares, with a value of AED 142.28 million.

The list also included a deal on 7.2 million shares of Al Sagr National Insurance, valued at AED 1.8 million.