Shares of Arriyadh Development hit 15-year high amid heavy trading

14/07/2021 Argaam Special

Logo of ARDCO


Shares of Arriyadh Development Co. (ARDCO) hit their highest price in 15 years, since 2006, at SAR 27.30, today, July 14.

 

The stock closed today's session at its maximum limit, with a traded volume of 17 million shares, the highest in 13 years.

 

Accordingly, the stock soared more than 91% since last July.

 

The company reported a net profit after Zakat and tax of SAR 143.4 million for Q2 2021, up 163% year-on-year (YoY). It also announced dividend distribution of SAR 1 per share for the first half of this year.

 

ARDCO was established on Jan. 27, 1994, as a national joint stock firm with the purpose of participating in the development of the central Riyadh region, in addition to meeting the investment aspirations across all regions of the Kingdom.

 

ARDCO Share Performance

Annual high (SAR)

27.30

July 14, 2021

Annual low (SAR)

14.24

July 20, 2020

Historical high (SAR)

74.81

 Feb. 22, 2006

Historical low (SAR)

3.20

July 18, 1996

Highest trading (mln shares)

96.88

April 3, 2007

 

Key Financial Indicators

EPS (last 12 months) (SAR)

2.21

P/E (last 12 months) (x)

12.20

Book Value (SAR)

11.99

P/B ratio (x)

2.25

 

The company increased its capital twice, by distributing bonus shares to the shareholders, as the following table shows:

 

Amendments to Capital (SAR mln)

Date

Old Capital

New Capital

Variation

2019

1333.33

1777.78

+33.33%

2014

1000

1333.33

+33.33%

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