Shares of SABIC hit highest close in 3 years

27/09/2021 Argaam Special

Saudi Basic Industries Corp. headquarters


Shares of Saudi Basic Industries Corp. (SABIC) hit their highest level in three years, since 2018, at SAR 128.80, today, Sept. 27.

 

The stock closed today's session 2% higher at SAR 128, the highest close since 2018, with a traded volume of 4.7 million shares.

 

Accordingly, the stock soared more than 100% since March 2020.

 

Established in 1976, SABIC operates in the field of petrochemicals, fertilizers, iron, steel, aluminum, other basic hydrocarbon industries and innovative plastic industries. The company is involved in marketing its products, as well as research and technical support works.

 

SABIC Stock Performance

Annual High (SAR)

128.80

Today, Sept. 27, 2021

Annual Low (SAR)

86.90

Oct. 5, 2020

Historical High (SAR)

252.25

Feb. 16, 2006

Historical Low (SAR)

7.43

July 11, 1994

Highest Trading Volume (mln shares)

2101.4

June 14, 2020 (acquisition of 70% of SABIC’s shares)

 

Key Financial Indicators

Earnings Per Share (last 12 months) (SAR)

4.95

P/E (last 12 months) (x)

25.86

Book Value (SAR)

56.45

P/B ratio (x)

2.27

 

The company increased its capital five times by issuing bonus shares, bringing the current capital to SAR 30 billion, as the following table shows:

 

Amendments to Capital (SAR mln)

Date

Hike Method

Old Capital

New Capital

Variation

2007

Bonus Shares

25.00

30.00

20.0%

2006

Bonus Shares

20.00

25.00

25.0%

2005

Bonus Shares

15.00

20.00

33.3%

2001

Bonus Shares

13.33

15.00

12.5%

2000

Bonus Shares

10.00

13.33

33.3%

 

Saudi Aramco is the largest shareholder in SABIC and holds a 70% stake, as the following table shows:

 

Major Shareholders

Saudi Aramco

70.0%

General Organization for Social Insurance (GOSI)

7.6%

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