Kingdom Holding closes at 2.5-year high

03/10/2024 Argaam Exclusive

Shares of Kingdom Holding Co. (KHC) rose 10% today, Oct. 3, to SAR 10.74, closing at the highest level since May 2022, with nearly 5.4 million shares traded.

KHC announced, on Oct. 2, that its associate, Jeddah Economic Company (JEC), signed an agreement with Saudi Binladin Group (SBG) to resume the construction of the Jeddah Tower project.
Year High (SAR) Year Low (SAR)
10.74 6.82
Highest Since Debut (SAR) Lowest Since Debut (SAR)
28.50 5.46

Accordingly, the stock has gained nearly 40% year-to-date (YTD). 

Market Data :

Open 8.76
Low 8.76
High 8.93
Previous Close 9.02
Change (3M) 8.61 %
Change (6M) 24.37 %
Market Value 32,722.94
Avg. Volume (3M) 716,241.30
Avg. Turnover (3M) 6,025,869.62
Avg. Transaction (3M) 806.45
Change(12M) 11.35 %
YTD 10.38 %

Since its debut on Tadawul, the company has made one capital adjustment, as shown in the table below:

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2010 Reduction   37,058.82 (41.18%)
2007 IPO   63,000.00 0.00%

Financial Performance :

Overview :

The public listed joint-stock company commenced operations in 1980 under the name “Kingdom Establishment for Commerce and Trade.” In 1993, the entity was rebranded as Kingdom Holding Co. (KHC) and incorporated as a limited liability company with capital of SAR 10 million. It transitioned into a closed joint-stock company in 2007 and became a public listed joint-stock company later that same year. The company was established to consolidate the majority of its founder’s assets un...


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 32,722.97
Shares Outstanding ((M)) 3,705.88
EPS ( Riyal) (TTM) 0.46
Book Value (BV) ( Riyal) (Latest announcement) 12.51
Recurring P/E 34.82
Price/book 0.71
Dividend Yield (%) (Last Year) 3.17
Return on Average Assets (%) (TTM) 2.87
Return on Average Equity (%) (TTM) 4.05
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M Riyal) 44,179.86
EV/adj EBITDA 172.49
EV/Revenues 27.30


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