Maaden shares hit highest level since debut

29/08/2022 Argaam Special

Logo of Saudi Arabian Mining Co. (Maaden)


Shares of Saudi Arabian Mining Co. (Maaden) hit their highest level since listing, at SAR 80.30, today, Aug. 29.

 

The stock closed flat today at SAR 78, hitting an all-time high. Nearly 5.9 million shares were traded.

 

The company’s Q2 2022 net profit after Zakat and tax more than tripled to SAR 4 billion, from SAR 1.10 billion in the prior-year period, according to data available with Argaam.

 

Established in 1997, Maaden was listed on the Saudi Stock Exchange (Tadawul) on July 28, 2008.

 

The company carries out various mining activities.

 

Maaden Stock Performance*

Annual High (SAR)

80.30

Today, Aug. 29, 2022

Annual Low (SAR)

34.20

Nov. 30, 2021

Historical High (SAR)

80.30

Today, Aug. 29, 2022

Historical Low (SAR)

4.58

Jan. 20, 2009

Highest Trading Volume (mln shares)

662.11

July 28, 2008 (On debut)

* Share price adjusted according to capital changes

 

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

 

Key Financial Indicators

Earnings Per Share (last 12 months) (SAR)

3.89

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

19.55

Book Value (SAR)

17.04

P/B Ratio (x)

4.58

 

The company raised its capital three times to the current level of SAR 24.61 billion.

 

Capital Changes (SAR mln)

Date

Method

Previous Capital

New Capital

Variation

2022

Bonus Issue

12,305.9

24,611.8

+100%

2019

Debt Conversion

11,684.8

12,305.9

5%

2014

Rights issue

9,250.0

11,684.8

26%

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