SABIC shares hit highest level since 2008

03/03/2022 Argaam Special

SABIC headquarters


Shares of Saudi Basic Industries Corp. (SABIC) hit today, March 3, their highest level since July 2008, on the Saudi Exchange (Tadawul), to reach SAR 137.80.

 

The stock closed 1% higher to SAR 135, with a trading volume of nearly 9 million shares.

 

Established in 1976, SABIC operates in the fields of petrochemicals, fertilizers, iron, steel, aluminum and other basic hydrocarbon and innovative plastic industries. The company is involved in marketing its products, as well as research and technical support works.

 

SABIC Stock Performance

Annual High (SAR)

137.80

Today, March 3, 2022

Annual Low (SAR)

105.20

March 3, 2021

Historical High (SAR)

252.25

Feb. 16, 2006

Historical Low (SAR)

7.43

July 11, 1994

Highest Trading Volume (mln shares)

2101.4

June 14, 2020 (acquisition of 70% of SABIC’s shares)

 

Key Financial Indicators

Earnings Per Share (last 12 months) (SAR)

7.93

P/E (last 12 months) (x)

17.02

Book Value (SAR)

59.95

P/B Ratio (x)

2.25

 

The company increased its capital five times by issuing bonus shares, bringing the current capital to SAR 30 billion, as follows:

 

Amendments to Capital (SAR mln)

Date

Method

Old Capital

New Capital

Change

2008

Bonus Shares

25.00

30.00

20.0%

2006

Bonus Shares

20.00

25.00

25.0%

2005

Bonus Shares

15.00

20.00

33.3%

2001

Bonus Shares

13.33

15.00

12.5%

2000

Bonus Shares

10.00

13.33

33.3%

 

Saudi Aramco is the largest shareholder in SABIC and holds a 70% stake, as follows:

 

Major Shareholders

Saudi Aramco

70.0%

General Organization for Social Insurance (GOSI)

7.6%

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