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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