Budget Saudi closes at all-time high today

21/02/2023 Argaam Special
Logo of Budget Saudi

Logo of Budget Saudi


United International Transportation Co. (Budget Saudi) closed 1% higher at an all-time high of SAR 54.70 today, Feb. 21, after almost 630,000 shares changed hands.

 

The stock hit an intraday high of SAR 55.70, the highest price since 2007. The highest level since debut was recorded at SAR 65.50 in September 2007.

 

The company was established in December 1978, and listed in September, 2007.

 

Budget Saudi, a car rental firm, is under franchise contract from Budget International Rent a Car Co. (Budget).

 

It was established in December 1978, and listed on the Saudi Stock Market (Tadawul) in September 2007.

 

Budget Saudi Stock Performance

Annual High (SAR)

55.70

Today, Feb. 21, 2023

Annual Low (SAR)

43.00

May 22, 2022

Historical High (SAR)

65.50

Sept. 9, 2007 (Listing date)

Historical Low (SAR)

7.70

Oct. 26, 2008

Highest Traded Volume (mln shares)

51.92

Sept. 9, 2007 (Listing date)

 

The following table shows the most important financial indicators of the company:

 

Key Financial Indicators

EPS (last 12 months) (SAR)

3.25

P/E (last 12 months) (x)

16.77

Book Value (SAR)

23.29

P/B Ratio (x)

2.34

 

The company raised its capital six times through bonus shares to reach SAR 711.7 million.

 

The following table indicates the company’s capital changes, according to data available on Tadawul:

 

Capital Changes (SAR mln)

Date

Method of Increase

Previous Capital

New Capital

Variation

2017

Bonus share distribution

610.00

711.67

16.7%

2016

Bonus share distribution

508.33

610.00

20.0%

2015

Bonus share distribution

406.67

508.33

25.0%

2014

Bonus share distribution

305.00

406.67

33.3%

2013

Bonus share distribution

244.00

305.00

25.0%

2012

Bonus share distribution

183.00

244.00

33.3%

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