Saudi Electricity hits highest level since 2006

13/03/2022 Argaam Special

Logo of Saudi Electricity Co.


Shares of Saudi Electricity Co. hit their highest level in 16 years, or since 2006, at SAR 30.50 today, March 13.

 

Established in 2000, Saudi Electricity generates, transports and distributes electricity in Saudi Arabia directly or through its wholly or partially owned companies.

 

Saudi Electricity Stock Performance

Annual High (SAR)

30.50

Today, March 13, 2022

Annual Low (SAR)

21.06

March 28, 2021

Historical High (SAR)

56.00

Feb. 25, 2006

 Historical Low (SAR)

7.75

Nov. 24, 2002

Highest Traded Volume (mln shares)

172.8

Sept. 5, 2005

 

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

 

Key Financial Indicators

Earnings Per Share (last 12 months) (SAR)

3.39

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

8.64

Book Value (SAR)

21.20

P/B Ratio (x)

1.38

 

The utility provider rose its capital twice as indicated below:

 

Capital Amendments (SAR mln)

Date

Capital Hike Method

Previous Capital

New Capital

Change

2003

Bonus shares

38.29

41.67

9 %

2002

Bonus shares

33.76

38.29

13 %

 

The Public Investment Fund (PIF) is the major shareholder in Saudi Electricity with a stake of 74.3%.

 

Major Shareholder

Shareholder

Stake

PIF

74.3%

Saudi Aramco

6.92%

 

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