Etihad Atheeb clinches highest close in nine years
Shares of Etihad Atheeb Telecommunication Co. (GO) climbed by 5% today, Nov. 8, to the highest close since November 2014, at SAR 168.20 apiece, with nearly 2.1 million shares traded.
| Year High (SAR) | Year Low (SAR) |
| 51.93 | 12.92 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 173.78 | 7.97 |
The stock recorded an intraday high of SAR 171 per share.
Accordingly, the stock’s year-to-date gains amounted to more than 250%, as shown below:
Market Data :
| Open | 95.75 |
| Low | 95.50 |
| High | 96.35 |
| Previous Close | 95.90 |
| Change (3M) | 14.47 % |
| Change (6M) | 10.25 % |
| Market Value | 3,252.84 |
| Avg. Volume (3M) | 252,284.67 |
| Avg. Turnover (3M) | 23,652,450.26 |
| Avg. Transaction (3M) | 1,563.24 |
| Change(12M) | 6.10 % |
| YTD | 5.75 % |
The company adjusted its capital several times since its listing on Tadawul, as follows:
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2024 | Right Issue | 340.00 | 277.78% |
| 2022 | Bonus Shares | 90.00 | (60.62%) |
| 2021 | Right Issue Cancelled | 339.99 | 277.81% |
| 2020 | Bonus Shares | 228.53 | (34.80%) |
| 2019 | Bonus Shares | 350.53 | (25.81%) |
| 2018 | Bonus Shares | 472.50 | (25.00%) |
| 2017 | Bonus Shares | 630.00 | (60.00%) |
| 2012 | Right Issue | 1,575.00 | 293.75% |
| 2011 | Bonus Shares | 400.00 | (60.00%) |
| 2009 | IPO | 1,000.00 | 42.86% |
Financial Performance :
Overview :
The company was initially founded as a Saudi public joint-stock company in Riyadh in 2009 with capital of SAR 1 billion under the name of Etihad Atheeb Telecommunication Co. (GO). A year after its establishment, the company commenced commercial operations. In 2025, the organization was rebranded as Etihad GO Co.
The company’s core business centers on the provision of telecommunications services, encompassing fixed and wireless services such as voice, data, broadband internet, and other se...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 3,252.85 |
| Shares Outstanding ((M)) | 33.99 |
| Recurring EPS ( Riyal) (TTM) | 7.62 |
| Book Value (BV) ( Riyal) (Latest announcement) | 29.82 |
| Recurring P/E (TTM) | 12.56 |
| Price/book | 3.21 |
| Dividend Yield (%) (Last Year) | - |
| Return on Average Assets (%) (TTM) | 14.82 |
| Return on Average Equity (%) (TTM) | 29.11 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 2,704.10 |
| EV/adj EBITDA | 7.95 |
| EV/Revenues | 1.41 |
Calendar :
-
14 November
General Assembly
- -
06 February
Ex-dividend Date
- -
06 February
General Assembly
- -
12 February
IPO/ Subscription
- -
19 February
Key Events
- -
25 February
IPO/ Subscription
-
Call Request
Comments Analysis: