Shares of Arab Sea hit lifetime high, gain over 500% since move to main market

Logo of Arab Sea Information Systems Co.

Shares of Arab Sea Information Systems Co. (Arab Sea) hit their highest level since listing, at SAR 164.60 today, Aug. 22.

The stock closed 2% higher at SAR 160.80 – its highest close since debut - with nearly 1.23 million shares traded.

Accordingly, Arab Sea jumped 530% since transition from Nomu - Parallel Market to the main market in April 2020 at a price of SAR 25.55.

Established in 1980, the company was listed on Nomu on Feb. 26, 2017. It moved to the main market on April 15, 2020.

Arab Sea’s capital stands at SAR 100 million, divided into 10 million shares, with free-float shares up to 7.34 million, representing 73.4% of total shares.

Arab Sea Stock Performance
Annual High (SAR)	164.60	Today, Aug. 22, 2021
Annual Low (SAR)	58.00	Aug. 24, 2020
Historical High (SAR)	164.60	Today, Aug. 22, 2021
Historical Low (SAR)	8.90	June 11, 2019
Highest Traded volume (mln shares)	8.99	April 20, 2020

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

Key Financial Indicators
Book Value (SAR)	14.54
P/B Ratio (x)	11.06

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