Shares of Shams hit highest close in 7-years

02/09/2021 Argaam Special

Logo of Shares of Tourism Enterprise Co. (Shams


Shares of Tourism Enterprise Co. (Shams) hit their highest level in seven years, since 2014, at SAR 80.30, today, Sept. 2.

 

The stock closed today's session 4% higher at SAR 77 (the highest close since 2014), with a traded volume of 6.1 million shares.

 

Accordingly, the stock soared more than 400% since March 2020.

 

Shams was established in 1991 and listed on the Saudi Stock Exchange (Tadawul) in 1999. 

  

It did not make any capital adjustments. 

  

The company is focused on tourist resorts business across the Kingdom. It owns the Palm Beach Resort. 

 

Shams Share Performance

Annual high (SAR)

80.30

Sept. 2, 2021

Annual low (SAR)

36.40

Sept. 2, 2020

Historical high (SAR)

181.75

Feb. 20, 2006

Historical low (SAR)

5.75

March 17, 2020

Highest trading volume (mln shares)

21.3

April 10, 2007

 

Key Financial Indicators

Book Value (SAR)

5.47

P/B Ratio (x)

14.08

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