Arab Sea shares hit lifetime high; gain over 450% since transition to main market

01/07/2021 Argaam Special


Shares of Arab Sea Information Systems Co. (Arab Sea) hit their highest level since listing, at SAR 135.60 today, July 1.

 

The stock closed almost limit up at SAR 137, the highest closing since listing, with nearly 4.6 million shares traded. 

 

Accordingly, Arab Sea jumped 450% since transition from Nomu - Parallel Market to the main market in April 2020.

 

Established in 1980, the company was listed on Nomu on Feb. 26, 2017. It moved to the main market on April 15, 2020.

 

Arab Sea’s capital stands at SAR 100 million, divided into 10 million shares, with free-float shares up to 7.34 million, representing 73.4% of total shares.

 

Arab Sea Stock Performance

Annual High (SAR)

135.60

Today, July 1, 2021

Annual Low (SAR)

36.60

July 1, 2020

Historical High (SAR)

135.60

Today,  July 1, 2021

Historical Low (SAR)

8.90

June 11, 2019

Highest traded volume (mln shares)

8.99

April 20, 2020

 

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

 

Key Financial Indicators

Book Value (SAR)

13.60

P/B Ratio (x)

9.97

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