SABIC shares hit highest level since 2008

SABIC headquarters

Shares of Saudi Basic Industries Corp. (SABIC) hit today, March 3, their highest level since July 2008, on the Saudi Exchange (Tadawul), to reach SAR 137.80.

The stock closed 1% higher to SAR 135, with a trading volume of nearly 9 million shares.

Established in 1976, SABIC operates in the fields of petrochemicals, fertilizers, iron, steel, aluminum and other basic hydrocarbon and innovative plastic industries. The company is involved in marketing its products, as well as research and technical support works.

SABIC Stock Performance
Annual High (SAR)	137.80	Today, March 3, 2022
Annual Low (SAR)	105.20	March 3, 2021
Historical High (SAR)	252.25	Feb. 16, 2006
Historical Low (SAR)	7.43	July 11, 1994
Highest Trading Volume (mln shares)	2101.4	June 14, 2020 (acquisition of 70% of SABIC’s shares)

Key Financial Indicators
Earnings Per Share (last 12 months) (SAR)	7.93
P/E (last 12 months) (x)	17.02
Book Value (SAR)	59.95
P/B Ratio (x)	2.25

The company increased its capital five times by issuing bonus shares, bringing the current capital to SAR 30 billion, as follows:

Amendments to Capital (SAR mln)
Date	Method	Old Capital	New Capital	Change
2008	Bonus Shares	25.00	30.00	20.0%
2006	Bonus Shares	20.00	25.00	25.0%
2005	Bonus Shares	15.00	20.00	33.3%
2001	Bonus Shares	13.33	15.00	12.5%
2000	Bonus Shares	10.00	13.33	33.3%

Saudi Aramco is the largest shareholder in SABIC and holds a 70% stake, as follows:

Major Shareholders
Saudi Aramco	70.0%
General Organization for Social Insurance (GOSI)	7.6%

Saudi Stocks Trading

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