Bahri shares record lowest close since 2013

22/06/2022 Argaam Special

One of Bahri’s carriers


Shares of National Shipping Company of Saudi Arabia (Bahridropped by 3% to end the session at SAR 18.70 apiece — its lowest close since November 2013, with a trading value of SAR 3.2 million.  

 

The stock registered its lowest price at SAR 18.50 earlier in the session. 

 

Established in 1978, Bahri is deemed the first national transportation firm, standing today among the largest transportation companies worldwide.

 

Bahri and its subsidiaries operate in the purchase and sale of ships for cargo handling. This is besides participating in maritime transport operations, clearing and coordinating goods on board ships and other means of transportation, warehouse handling and all operations related to maritime transport. The company exercises its activities through four different sectors, namely oil, chemical, general cargo and dry bulk transportation.

 

Bahri’s Stock Performance

Annual High (SAR)

31.73

July 5, 2021

Annual Low (SAR)

18.50

Today, June 22, 2022

Historical High (SAR)

85.63

Jan. 30, 2006

Historical Low (SAR)

2.83

June 1, 2000

Highest Trading Volume (mln shares)

84

Sept. 25, 2004

 

The following table shows the company’s key financial indicators:

 

Key Financial Indicators

Earnings Per Share (last 12 months) (SAR)

0.43

P/E (last 12 months) (x)

43.49

Book Value (SAR)

19.28

P/B ratio (x)

0.97

Total Shares (mln)

492.19

(mln) Float Shares-Free

380.42

 

Bahri increased its capital five times since 1982, bringing the current capital to SAR 2 billion, as the following table shows:

 

Amendments to Capital (SAR mln)

Date

Hike Method

Old Capital

New Capital

Change

2022

Bonus Share

3937.5

4921.9

25%

2014

Acquisition

3150

3937.5

25%

2006

Rights Issue

2250

3150

40%

2006

Bonus Share

2000

2250

12.5%

1982

Rights Issue

500

2000

300%

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