Shares of Sipchem hit highest level in 6 years, gain 100% year-to-date

27/07/2021 Argaam Special

Logo of Sahara International Petrochemical Co.


Shares of Sahara International Petrochemical Co. (Sipchem) hit their highest level in six years, at SAR 34.95, today, July 27.

 

The stock closed 0.3% higher at SAR 34, with nearly 4.2 million shares traded.

 

 

Accordingly, the stock soared about 100% since the beginning of the year.

 

Sipchem was established in 1999 and listed in the Saudi Stock Exchange (Tadawul) in 2006.

 

In May 2019, the company merged with Sahara Petrochemicals Co. in a share swap offer, following which the latter delisting from Tadawul.

 

Sipchem Share Performance

Annual high (SAR)

34.95

July 27, 2021

Annual low (SAR)

14.48

Aug. 5, 2020

Historical high (SAR)

46.40

Jan. 6, 2008

Historical low (SAR)

9.75

Jan. 21, 2016

Highest trading (mln shares)

51.6

Nov. 11, 2006

 

Key Financial Indicators

EPS (last 12 months) (SAR)

0.89

P/E (last 12 months) (x)

38.20

Book Value (SAR)

17.77

P/B ratio (x)

1.91

 

The company increased its capital four times, bringing the current capital to SAR 7.3 billion, as the following table shows:

 

Amendments to Capital (SAR mln)

Date

Hike Method

Old Capital

New Capital

Variation

2019

Acquisition

3666.7

7333.3

+100%

2011

Bonus Shares

3333.3

3666.7

+10%

2008

Rights Issue

2000

3333.3

+67%

2007

Bonus Shares

1500

2000

+33%

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