Riyadh Cables closes at all-time high

Logo of Riyadh Cables Group Co. 

Shares of Riyadh Cables Group Co. closed at their highest level since listing on the Saudi Exchange (Tadawul), at SAR 55.60, today, May 7, after about 856,000 shares changed hands.

 

The stock is hit an intraday high of SAR 57.70.

 

Riyadh Cables was incepted in 1984 and listed on Tadawul in December 2022.

 

The company did not implement any capital changes since listing.

 

Riyadh Cables’ main activity is the production of cables, electrical wires, communication cables and the like. It is considered one of top companies providing cables used in infrastructure in the Kingdom, GCC countries and Iraq.

 

Riyadh Cables operates several subsidiaries under its umbrella, overseeing their administrative, commercial, financial, information technology, operations management, as well as technical and quality affairs, amongst other support services.

 

Stock Performance

Annual High (SAR)

57.70

Today, May 7, 2023

Annual Low (SAR)

35.60

Dec. 19, 2022

Historical High (SAR)

57.70

Today, May 7, 2023

Historical Low (SAR)

35.60

Dec. 19, 2022

Highest Trading Volume (mln shares)

12.95

Dec. 19, 2022 (The first day of listing)

Listing Price

SAR 43

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