Shares of Sipchem hit all-time high

24/03/2022 Argaam Special
Logo of Sipchem

Logo of Sipchem


Shares of Sahara International Petrochemical Co. (Sipchem) rose to their highest levels since debut on the Saudi Exchange (Tadawul), at SAR 53.50, today, March 24.

 

The stock closed 4% higher at SAR 53.50 – the highest close since listing – with a trading volume of around 5.3 million shares.

 

Established in 1999 and listed on Tadawul in 2006, Sipchem merged with Sahara Petrochemical Co. in a share swap offer in May 2019, following which Sahara Petrochemical was delisted from Tadawul.

 

Sipchem mainly invests in petrochemicals, chemicals as well as core and intermediate hydrocarbons for the production of chemicals that are used in the manufacturing of several products.

  

Sipchem Share Performance

Annual high (SAR)

53.50

Today, March 24, 2022

Annual low (SAR)

20.00

March 25, 2021

Historical high (SAR)

53.50

Today, March 24, 2022

Historical low (SAR)

9.75

Jan. 21, 2016

Highest trading volume (mln shares)

51.6

Nov. 11, 2006

 

Key Financial Indicators

EPS (last 12 months) (SAR)

5.27

P/E (last 12 months) (x)

10.15

Book value (SAR)

19.89

P/B ratio (x)

2.69

 

The company increased its capital four times, bringing the current capital to SAR 7.3 billion, as the following table shows:

 

Amendments to Capital (SAR mln)

Date

Hike Method

Old Capital

New Capital

Variation

2019

Acquisition

3,666.7

7,333.3

+100%

2011

Bonus Shares

3,333.3

3,666.7

+10%

2008

Rights Issue

2,000

3,333.3

+67%

2007

Bonus Shares

1,500

2,000

+33%

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