Logo of Sipchem
Shares of Sahara International Petrochemical Co. (Sipchem) rose to their highest levels since debut on the Saudi Exchange (Tadawul), at SAR 53.50, today, March 24.
The stock closed 4% higher at SAR 53.50 – the highest close since listing – with a trading volume of around 5.3 million shares.
Established in 1999 and listed on Tadawul in 2006, Sipchem merged with Sahara Petrochemical Co. in a share swap offer in May 2019, following which Sahara Petrochemical was delisted from Tadawul.
Sipchem mainly invests in petrochemicals, chemicals as well as core and intermediate hydrocarbons for the production of chemicals that are used in the manufacturing of several products.
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Sipchem Share Performance |
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Annual high (SAR) |
53.50 |
Today, March 24, 2022 |
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Annual low (SAR) |
20.00 |
March 25, 2021 |
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Historical high (SAR) |
53.50 |
Today, March 24, 2022 |
|
Historical low (SAR) |
9.75 |
Jan. 21, 2016 |
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Highest trading volume (mln shares) |
51.6 |
Nov. 11, 2006 |
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Key Financial Indicators |
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EPS (last 12 months) (SAR) |
5.27 |
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P/E (last 12 months) (x) |
10.15 |
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Book value (SAR) |
19.89 |
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P/B ratio (x) |
2.69 |
The company increased its capital four times, bringing the current capital to SAR 7.3 billion, as the following table shows:
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Amendments to Capital (SAR mln) |
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Date |
Hike Method |
Old Capital |
New Capital |
Variation |
|
2019 |
Acquisition |
3,666.7 |
7,333.3 |
+100% |
|
2011 |
Bonus Shares |
3,333.3 |
3,666.7 |
+10% |
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2008 |
Rights Issue |
2,000 |
3,333.3 |
+67% |
|
2007 |
Bonus Shares |
1,500 |
2,000 |
+33% |
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