Shares of Tasnee close at 2-year low

10/11/2022 Argaam Special
Logo ofNational Industrialization Co. (Tasnee)

Logo of National Industrialization Co. (Tasnee)


Shares of National Industrialization Co. (Tasnee) fell 4% today, Nov. 10, to reach SAR 11.76 per share — the lowest close in two years, or since November 2020, with a trading volume of 5.3 million shares.

 

Accordingly, the stock is down approximately 55% since March 2022 and 41% year-to-date (YTD).

 

Tasnee was established in 1985 as the first Saudi joint-stock company to be wholly-owned by the private sector.

 

The company’s core operations portfolio comprises industrial investment, petrochemicals, chemicals, marketing and technical services.

 

Stock Performance

Annual High (SAR)

26.05

March 7, 2022

Annual Low (SAR)

11.76

Today, Nov. 10, 2022

Historical High (SAR)

77.25

Dec. 4, 2005

Historical Low (SAR)

1.50

Dec. 19, 1998

Highest Trading Volume (mln shares)

93.22

Nov. 7, 2004

 

Key Performance Indicators

EPS (last 12 months) (SAR)

1.44

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

7.89

Book Value (SAR)

14.24

P/B (x)

0.83

 

Tasnee increased capital 10 times to reach SAR 6.69 billion currently, as shown below:

 

Capital Increase Details (SAR mln)

Date

Method

Old Capital

New Capital

Change

2012

Bonus Issue

5574.3

6689.1

+20%

2011

Bonus Issue

5067.5

5574.3

+10%

2010

Bonus Issue

4606.8

5067.5

+10%

2008

Rights Issue

3495.7

4606.8

+32%

2007

Bonus Issue

2330.5

3495.7

+50%

2006

Acquisition

1570.0

2330.5

+48%

2005

Bonus Issue

981.3

1570.0

+60%

2004

Rights Issue

785.0

981.3

+25%

2003

Acquisition

600.0

785.0

+31%

1991

Rights Issue

300.0

600.0

+100%

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.