Alhokair Group shares hit all-time lowest close

11/10/2022 Argaam Special

Alhokair Group shares hit all-time lowest close

Logo of Alhokair Group


Shares of Abdulmohsen Alhokair Group for Tourism and Development (Alhokair Group) fell 6% today, Oct. 11, to SAR 20.22, recording its lowest close since debut on Tadawul. Trading volume reached about 1.3 million shares.

 

The stock recorded its lowest price of SAR 19.96 during today’s session.

 

The company's shareholders have recently approved a capital cut by 51.54%. The share price was adjusted following the capital decrease, according to Argaam’s data.

 

Alhokair Group was established in 1978. It began trading on Tadawul in 2014.

 

Its activities are focused on the establishment, management, operation and maintenance of amusement parks, entertainment centers, tourist and health resorts, restaurants, cafes, rest houses, gardens, hotels, furnished hotel apartments, commercial centers, and training and educational centers.

 

Alhokair Group's Stock Performance*

Annual High (SAR)

48.19

Oct. 17, 2021

Annual Low (SAR)

19.96

Today, Oct. 11, 2022

Historical High (SAR)

223.07

Aug. 13, 2021

Historical Low (SAR)

19.96

Today, Oct. 11, 2022

Highest Trading Volume (mln shares)

7.31

Dec. 6, 2020

*Price quotes and number of shares were adjusted according to capital amendments.

 

The company's activities are focused on the establishment, management, operation and maintenance of amusement parks, entertainment centers, tourist and health resorts, restaurants, cafes, rest houses, gardens, hotels, furnished hotel apartments, commercial centers, and training and educational centers.

 

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

 

Key Financial Indicators

Book value (SAR) 

9.85

P/B ratio (x) 

2.05

 

The following table illustrates changes in capital:

 

Capital Amendments (SAR mln)

Date

Method

Previous Capital

New Capital

Change

2022

Capital reduction

650

315

(51.54%)

2020

Priority rights

343

650

89.50%

2020

Capital reduction

550

343

(37.64%)

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