Etihad Atheeb shares close at highest level since 2015

05/09/2023 Argaam Special
Logo ofEtihad Atheeb Telecommunication Co. (GO)

Logo of Etihad Atheeb Telecommunication Co. (GO)


Shares of Etihad Atheeb Telecommunication Co. (GO) rose today, Sept. 5, by 7% to close at the highest level since 2015 of SAR 135 each, with about 3.04 million shares changing hands.

 

The stock recorded an intraday high of SAR 137.40.

 

The stock has been rising gradually for a month, increasing more than 80%. In a year, its gains reached roughly 200%.

 

GO was established in 2009 and debuted on the Saudi Exchange (Tadawul) in the same year. It operates with SAR 90 million capital.

 

The company provides fixed and wireless telecommunications services, including telephone voice communications, data services, broadband internet, as well as international gateway and fixed telephone lines for individuals and corporates.

 

Stock Performance*

Annual High (SAR)

137.40

Today, Sept. 5

Annual Low (SAR)

36.50

Sept. 26, 2022

Historical High (SAR)

556.19

July 25, 2009

Historical Low (SAR)

26.24

May 29, 2018

Highest Trading Volume (mln shares)

8.26

April 11, 2012

*Capital adjustments during the period were factored in.

 

The following table shows the company’s key financial indicators: 

 

Key Financial Indicators

Earnings per share (last 12 months) (SAR)

10.75

Operating P/E (last 12 months) (x) 

16.19

Book value (SAR) 

18.74

P/B ratio (x) 

7.20

Par value

10

 

Capital Amendments (SAR mln)

Date

Method

Previous Capital

New Capital

Change

2022

Reduction

228.5

90.0

(61%)

2020

Reduction

350.5

228.5

(35%)

2019

Reduction

472.5

350.5

(26%)

2018

Reduction

630

472.5

(25%)

2017

Reduction

1575

630

(60%)

2012

Priority rights

400

1575

294%

2011

Reduction

1000

400

(60%)

 

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