Halwani shares hit lifetime high, soar over 300% in 10 months

Shares of Halwani Bros. Co. hit today, Jan. 31, 2021, their highest price at SAR 102.40 since debut.

The stock closed limit-up, with a traded volume of 1.2 million shares.  

Accordingly, Halwani surged 293% in 10 months and 478% compared to the amended listing price of SAR 18.18. The company listed its shares at SAR 20 but raised its capital by 10% through bonus share distribution from SAR 285.72 million to SAR 314.29 million in 2019.

Established in 1952 as a special limited partnership, the company produces a full range of food products in Saudi Arabia and Egypt, including the production and distribution of halva, tahini, jams, cheeses, as well as processed meat products (chilled and frozen).

The firm has 15 factories, producing various types of food products, in addition to one for the manufacturing of tins and another one for plastics.

The following table shows the most important financial indicators of the company: