Retal shares close at all-time low

25/07/2023 Argaam Special

Retal shares close at all-time low

Logo of Retal Urban Development Co.


Retal Urban Development Co.’s stock dropped by less than 1% today, July 25, closing at an all-time low of SAR 9.03 apiece, with around two million shares traded.

 

The stock recorded an intraday low of SAR 8.90.

 

In March, the company reduced the stock’s nominal value to SAR 1 from SAR 10 per share, bringing the number of shares to 400 million.

 

The general assembly recently approved increasing the company’s capital to SAR 500 million via a 25% bonus share distribution.

 

Established in 2012, Retal was listed on the Saudi Exchange (Tadawul) in 2022.

 

The company’s main activities include the purchase, sale and division of land and investment properties, off-plan sales activities, in addition to the general construction of residential and non-residential buildings such as schools, hospitals, hotels, etc.

 

Retal's Stock Performance

Annual high (SAR)

11.80

Oct. 26, 2022

Annual low (SAR)

8.90

Today, July 25, 2023

Historical high (SAR)

11.80

Oct. 26, 2022

Historical low (SAR)

8.90

Today, July 25, 2023

Highest trading volume (mln shares)

51.72

June 27, 2022 (on debut)

 

Key Financial Indicators

Earnings per share (last 12 months) (SAR)

0.45

P/E (last 12 months) (x)

20.07

Book value (SAR)

1.55

P/B ratio (x)

5.82

Nominal value

1.00

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