26/10/2023 Argaam Exclusive
AI Summary
Arabian Contracting Services Co. (Al Arabia), listed under the media and entertainment sector, hit an all-time high at SAR 230 today, Oct. 26, on the Saudi Exchange (Tadawul).
| Year High (SAR) | Year Low (SAR) |
| 209.09 | 90.82 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 209.09 | 77.00 |
The stock rose 7% with nearly 100,000 shares traded, so far.
The leap brought the stock’s gains up to 100% since the beginning of 2023.
Compared to its lowest level since debut at SAR 84.70, the stock posted a more than 160% jump.
| Open | 84.40 |
| Low | 84.25 |
| High | 87.45 |
| Previous Close | 84.40 |
| Change (3M) | (15.26 %) |
| Change (6M) | (33.65 %) |
| Market Value | 4,719.00 |
| Avg. Volume (3M) | 209,308.91 |
| Avg. Turnover (3M) | 19,824,833.35 |
| Avg. Transaction (3M) | 2,299.79 |
| Change(12M) | (53.53 %) |
| YTD | (41.87 %) |
Since listing on Tadawul in 2021, Al Arabia has not made any changes to its capital, as shown below:
| Date | Type | Capital (M Riyal) | Change (%) |
| 2024 | Split | 550.00 | 10.00% |
| 2021 | IPO | 500.00 | 0.00% |
| 2015 | IPO Cancelled | 550.00 | 42.86% |
The company signed on Oct. 25, with Remat Al-Riyadh development Co., a contract for constructing, operating and maintaining outdoor billboards in Riyadh.
| Financial Ratio | Current |
| Market Cap (M Riyal) | 4,738.25 |
| Shares Outstanding ((M)) | 55.00 |
| EPS ( ) (TTM) | 0.27 |
| Book Value (BV) ( Riyal) (Latest announcement) | 23.00 |
| Recurring P/E | Neg |
| Price/book | 3.75 |
| Dividend Yield (%) (Last Year) | 2.44 |
| Return on Average Assets (%) (TTM) | 0.15 |
| Return on Average Equity (%) (TTM) | 1.17 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 7,186.00 |
| EV/adj EBITDA | 5.31 |
| EV/Revenues | 3.89 |
Fair Average Price
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Overweight | Al Rajhi Capital | 170.18 | 213.64 | 25.53 % |
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