Shares of Tasnee hit 3-year high

27/09/2021 Argaam Special

Logo of National Industrialization Co.


Shares of National Industrialization Co. (Tasnee) reached the highest level in three years, or since 2018, at SAR 23.38 today, Sept. 27.

 

The stock closed today’s session higher by 3% to SAR 23.24; its highest level since 2018, with a trading volume of 13.9 million shares.

 

Accordingly, the stock gained approximately 70% year-to-date (YTD).

 

Tasnee was established in 1985 as the first Saudi joint stock company, fully-owned by the private sector.

 

The company’s core operations portfolio comprises industrial investment, petrochemicals, chemicals, marketing and technical services.

 

Stock Performance

Annual High (SAR)

23.38

Sept. 27, 2021

Annual Low (SAR)

11.12

Nov. 1, 2020

Historical High (SAR)

77.25

Dec. 4, 2005

Historical Low (SAR)

1.50

Dec. 19, 1998

Highest Trading Volumes (mln shares)

93.22

Nov. 7, 2004

 

Key Performance Indicators

EPS (last 12 months) (SAR)

1.16

Operating P/E (last 12 months) (x)

20.03

Book Value (SAR)

12.04

P/B (x)

1.93

 

Tasnee increased capital 10 times to reach the current capital of SAR 6.69 billion.

 

Capital Increase Details (SAR mln)

Date

Method

Old Capital

New Capital

Change

2012

Bonus Issue

5574.3

6689.1

+20%

2011

Bonus Issue

5067.5

5574.3

+10%

2010

Bonus Issue

4606.8

5067.5

+10%

2008

Rights Issue

3495.7

4606.8

+32%

2007

Bonus Issue

2330.5

3495.7

+50%

2006

Acquisition

1570.0

2330.5

+48%

2005

Bonus Issue

981.3

1570.0

+60%

2004

Rights Issue

785.0

981.3

+25%

2003

Acquisition

600.0

785.0

+31%

1991

Rights Issue

300.0

600.0

+100%

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