08/01/2026 Argaam Exclusive
AI Summary
Shares of Saudi Basic Industries Corp. (SABIC) dropped to their lowest level since January 2009 at SAR 48.20 today, Jan. 8.
The stock closed at SAR 50.90 (+0.5%), with trading volume reaching approximately 3.6 million shares valued at SAR 180 million.
The TASI-listed petrochemicals major announced today divesting 100% of its engineering thermoplastics (ETP) business in the Americas and Europe, expecting non-cash losses of about SAR 18.3 billion.
| Year High (SAR) | Year Low (SAR) |
| 69.20 | 48.20 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 252.27 | 7.42 |
| Open | 50.55 |
| Low | 48.20 |
| High | 50.90 |
| Previous Close | 50.65 |
| Change (3M) | (16.28 %) |
| Change (6M) | (9.27 %) |
| Market Value | 152,700.00 |
| Avg. Volume (3M) | 1,324,716.78 |
| Avg. Turnover (3M) | 73,842,501.55 |
| Avg. Transaction (3M) | 5,144.75 |
| Change(12M) | (23.46 %) |
| YTD | (0.78 %) |
SABIC changed its capital several times, as shown in the following table:
| Date | Type | Capital (M Riyal) | Change (%) |
| 2008 | Split | 30,000.00 | 20.00% |
| 2006 | Split | 25,000.00 | 25.00% |
| 2005 | Split | 20,000.00 | 33.33% |
| 2001 | Split | 15,000.00 | 12.50% |
| 2000 | Split | 13,333.00 | 33.33% |
| 1990 | Split | 10,000.00 | 33.33% |
| 1989 | Split | 7,500.00 | 50.00% |
| Financial Ratio | Current |
| Market Cap (M Riyal) | 152,700.15 |
| Shares Outstanding ((M)) | 3,000.00 |
| EPS ( ) (TTM) | (2.25 ) |
| Book Value (BV) ( Riyal) (Latest announcement) | 49.80 |
| Recurring P/E | More than 100 |
| Price/book | 1.02 |
| Dividend Yield (%) (Last Year) | 6.68 |
| Return on Average Assets (%) (TTM) | (2.47 ) |
| Return on Average Equity (%) (TTM) | (4.28 ) |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 178,595.66 |
| EV/adj EBITDA | 10.41 |
| EV/Revenues | 1.28 |
Fair Average Price
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Hold | HSBC | 55.75 | 54.00 | (3.14 %) | |
| Underweight | AlphaMena | 56.75 | 52.60 | (7.31 %) | |
| Buy | Goldman Sachs | 57.80 | 65.30 | 12.98 % | |
| Underweight | Bank of America | 57.75 | 54.00 | (6.49 %) | |
| Neutral | Riyad Capital | 58.30 | 60.00 | 2.92 % | |
| Hold | U-Capital | 58.70 | 63.40 | 8.01 % | |
| Hold | Arqaam Capital | 58.70 | 60.00 | 2.21 % | |
| Aggregate | FAB Securities | 58.40 | 65.00 | 11.30 % | |
| Neutral | SNB Capital | 59.80 | 64.50 | 7.86 % | |
| Buy | EFG-Hermes | 61.05 | 78.00 | 27.76 % | |
| Neutral | JP Morgan | 61.05 | 60.00 | (1.72 %) |
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