solutions hits highest level since debut

Logo of Arabian Internet and Communications Services Co. (solutions)

Arabian Internet and Communications Services Co.’s (solutions) shares finished 6% higher at SAR 315 apiece today, June 5, hitting the highest close since debut

About 318,000 shares changed hands during today’s session.

Compared to the SAR 151/share listing price, the stock’s gains exceeded 100%.

Established in 2003, solutions became listed on the Saudi Exchange (Tadawul) in September 2021. With a capital of SAR 1.2 billion, the company is 79% owned by Saudi telecom major stc.

It provides integrated services and solutions in the fields of information technology (IT) and digital transformation in the Saudi market.

Stock Performance
Annual high (SAR)	319.80	Today, June 5, 2023
Annual low (SAR)	190.20	June 23, 2022
Historical high (SAR)	319.80	Today, June 5, 2023
Historical low (SAR)	166.00	Sept. 30, 2021 (Debut date)
Highest trading volume (mln shares)	9.8	Oct. 3, 2021 (Day two of listing)
Listing price (SAR)	151.00	--

The following table details solutions’ key financial indicators:

Key Financial Indicators
EPS (TTM) (SAR)	8.95
P/E (TTM) (x)	34.23
Book value (SAR)	25.13
P/B ratio (x)	12.49
Nominal value (SAR)	10.00

Saudi Stocks Trading

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