Al Arabia closes at highest price since debut
Arabian Contracting Services Co. (Al Arabia) stock rose today, Dec. 26, by more than 3% to SAR 229.40, notching its highest close since its debut on the Saudi Exchange (Tadawul). Nearly 200,000 shares were traded.
| Year High (SAR) | Year Low (SAR) |
| 211.82 | 95.09 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 211.82 | 77.00 |
The stock also hit an all-time high today at SAR 233, before paring gains.
The stock recorded year-to-date gains exceeding 100%.
Market Data :
| Open | 45.92 |
| Low | 43.86 |
| High | 45.92 |
| Previous Close | 46.22 |
| Change (3M) | (49.46 %) |
| Change (6M) | (62.22 %) |
| Market Value | 2,431.00 |
| Avg. Volume (3M) | 250,575.95 |
| Avg. Turnover (3M) | 15,203,394.94 |
| Avg. Transaction (3M) | 2,082.23 |
| Change(12M) | (59.45 %) |
| YTD | (61.76 %) |
The company has not made any changes to its capital since listing on Tadawul in December 2021, as indicated below:
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2024 | Bonus Shares | 550.00 | 10.00% |
| 2021 | IPO | 500.00 | 0.00% |
| 2015 | IPO Cancelled | 550.00 | 42.86% |
Financial Performance :
Overview :
The company was established in 1983 as a limited liability company in Riyadh, with an initial capital of SAR 1 million. It converted into a closed joint-stock company in 2006, before transitioning into a public Saudi joint-stock company in 2021.
Activities and Business Segment
The company establishes and operates indoor and outdoor billboards, in addition to conducting all kinds of printing including advertising materials, commercial printing, and binding. It operates via two key business ...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 2,431.00 |
| Shares Outstanding ((M)) | 55.00 |
| Recurring EPS ( Riyal) (TTM) | (5.87 ) |
| Book Value (BV) ( Riyal) (Latest announcement) | 24.44 |
| Recurring P/E (TTM) | Neg |
| Price/book | 1.81 |
| Dividend Yield (%) (Last Year) | - |
| Return on Average Assets (%) (TTM) | (3.39 ) |
| Return on Average Equity (%) (TTM) | (19.92 ) |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 4,661.65 |
| EV/adj EBITDA | 6.29 |
| EV/ EBITDA | - |
| EV/Revenues | 2.78 |
Calendar :
-
30 June
General Assembly
- -
23 December
Eligibility for bonus shares
- -
23 December
General Assembly
- -
26 June
General Assembly
- -
06 November
General Assembly
- -
05 February
General Assembly
-
Analyst Estimates :
254.55
Fair Average Price
1
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Hold | YAQEEN | 232.18 | 254.55 | 9.63 % |
Call Request
Comments Analysis: