Riyadh Cables closes at all-time high

Logo of Riyadh Cables Group Co.

Shares of Riyadh Cables Group Co. closed at their highest level since listing on the Saudi Exchange (Tadawul), rising 2% to SAR 80.60, today, Sept. 7 after nearly 450,000 shares changed hands.

The stock hit an intraday high of SAR 83.70.

Riyadh Cables was incepted in 1984 and listed on Tadawul in December 2022.

The company did not implement any capital changes since listing.

Riyadh Cables’ main activity is the production of cables, electrical wires, communication cables and the like. It is considered one of top companies providing cables used in infrastructure in the Kingdom, GCC countries and Iraq.

Riyadh Cables operates several subsidiaries under its umbrella, overseeing their administrative, commercial, financial, information technology, operations management, as well as technical and quality affairs, amongst other support services.

Stock Performance
Annual High (SAR)	83.70	Today, Sept. 6, 2023
Annual Low (SAR)	35.60	Dec. 19, 2022
Historical High (SAR)	83.70	Today, Sept. 6, 2023
Historical Low (SAR)	35.60	Dec. 19, 2022
Highest Trading Volume (mln shares)	12.95	Dec. 19, 2022 (The first day of listing)
Listing Price	SAR 43	--

Key Financial Indicators
EPS (last 12 months) (SAR)	3.01
Operating P/E (last 12 months) (x)	26.34
Book value (SAR)	14.21
P/B ratio (x)	5.67

Saudi Stocks Trading

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