Mobily shares close at highest level in 7 years
Logo of Etihad Etisalat Co. (Mobily)
Shares of Etihad Etisalat Co. (Mobily) went limit up to close at SAR 42.25, reaching its highest level in seven years, or since 2015, today, March 16.
Trading volume reached nearly 14.2 million shares.
Mobily said UAE-based Emirates Telecommunications Group Co. (e&) was holding talks on increasing its shareholding in Mobily to 50% plus one share using a pre-conditional partial tender offer under the merger and acquisition regulations issued by the Capital Market Authority (CMA).
Mobily was incorporated as a joint stock company on Aug. 18, 2004. The telco started its activities on Dec. 14, 2004, at its incorporation announcement.
The Kingdom's second-largest mobile operator was listed on the Saudi Stock Exchange (Tadawul) on Dec. 20, 2004.
Mobily Stock Performance |
||
Annual high (SAR) |
42.25 |
March 16, 2022 |
Annual low (SAR) |
29.20 |
March 22, 2021 |
Historical high (SAR) |
118.75 |
Feb. 13, 2006 |
Historical low (SAR) |
12.94 |
Oct. 26, 2017 |
Highest trading volume (mln shares) |
73.36 |
Nov. 9, 2014 |
Key Financial Indicators |
|
Earnings per share (last 12 months) (SAR) |
1.39 |
P/E (last 12 months) (x) |
30.40 |
Book value (SAR) |
19.74 |
P/B ratio (x) |
2.14 |
The company increased its capital twice, as the following table shows:
Amendments to Capital (SAR mln) |
||||
Date |
Hike Method |
Old Capital |
New Capital |
Variation |
2013 |
Bonus Shares |
7000 |
7700 |
+10% |
2008 |
Right Issue |
5000 |
7000 |
+40% |
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