Logo of Sipchem
Shares of Sahara International Petrochemical Co. (Sipchem) hit, today, Sept. 21, their highest level in seven years, since October 2014, at SAR 38.95.
The stock fell 1% to SAR 37.45, with nearly 6.4 million shares traded.
Accordingly, the stock soared about 123% since the beginning of the year.
Sipchem was established in 1999 and listed on the Saudi Stock Exchange (Tadawul) in 2006.
In May 2019, the company merged with Sahara Petrochemicals Co. in a share swap offer, following which the latter was delisted from Tadawul.
The company mainly invests in the manufacturing of petrochemicals, chemicals as well as main and intermediate hydrocarbons for the production of chemicals that are used in the manufacturing of many products.
|
Sipchem Share Performance |
||
|
Annual High (SAR) |
38.75 |
Today, Sept. 21 |
|
Annual Low (SAR) |
14.50 |
Nov. 2, 2020 |
|
Historical High (SAR) |
46.40 |
Jan. 6, 2008 |
|
Historical Low (SAR) |
9.75 |
Jan. 21, 2016 |
|
Highest Traded Volume (mln shares) |
51.6 |
Nov. 11, 2006 |
|
Key Financial Indicators |
|
|
EPS (Last 12 Months) (SAR) |
2.43 |
|
P/E (Last 12 Months) (x) |
15.41 |
|
Book Value (SAR) |
17.71 |
|
P/B Ratio (x) |
2.11 |
The company increased its capital four times, bringing the current capital to SAR 7.3 billion, as the following table shows:
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Amendments to Capital (SAR mln) |
||||
|
Date |
Hike Method |
Old Capital |
New Capital |
Variation |
|
2019 |
Acquisition |
3666.7 |
7333.3 |
+100% |
|
2011 |
Bonus Shares |
3333.3 |
3666.7 |
+10% |
|
2008 |
Rights Issue |
2000 |
3333.3 |
+67% |
|
2007 |
Bonus Shares |
1500 |
2000 |
+33% |
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