Petro Rabigh hits 4-year low

25/03/2024 Argaam Exclusive

Rabigh Refining and Petrochemical Co.’s (Petro Rabigh) stock plunged today, March 25, to SAR 7.68, the lowest price in four years.

Year High (SAR) Year Low (SAR)
12.30 7.64
Highest Since Debut (SAR) Lowest Since Debut (SAR)
45.20 4.90

The stock is trading at a decline of 3%, amid trading of about two million shares, so far.

 

Accordingly, the stock’s year-to-date losses reached 20%.

Market Data :

Open 10.60
Low 10.50
High 10.95
Previous Close 10.35
Change (3M) 56.30 %
Change (6M) 38.28 %
Market Value 23,731.49
Avg. Volume (3M) 4,568,911.03
Avg. Turnover (3M) 38,046,033.34
Avg. Transaction (3M) 3,970.71
Change(12M) 37.40 %
YTD 57.89 %

The company carried out one capital amendment through a rights issue, as shown in the following table:

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2026 Reduction   16,710.00 (23.95%)
2025 Private Offering   21,973.65 31.50%
2022 Right Issue   16,710.00 90.75%
2022 Reduction   Cancelled 8,058.29 (8.01%)
2008 IPO   8,760.00 33.33%

Financial Performance :

Overview :

Established in Jeddah in 2005 with capital of SAR 750 million as a limited liability company, Rabigh Refining and Petrochemical Company (Petro Rabigh) was formed as a joint venture (JV) between Saudi Arabian Oil Co. (Saudi Aramco) and Sumitomo Chemical of Japan. The entity was converted into a joint-stock company in 2007 and subsequently listed on the Saudi Stock Exchange (Tadawul) in early 2008. The company’s operations, which commenced with refining in 2008 and petrochemical productio...


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 23,731.51
Shares Outstanding ((M)) 2,197.36
EPS ( Riyal) (TTM) (2.16 )
Book Value (BV) ( Riyal) (Latest announcement) 5.93
Recurring P/E Neg
Price/book 1.82
Dividend Yield (%) (Last Year) 0.00
Return on Average Assets (%) (TTM) (6.56 )
Return on Average Equity (%) (TTM) (34.15 )
Par Value ( Riyal) 6.85
Enterprise Value (EV) (M Riyal) 39,888.31
EV/adj EBITDA 74.61
EV/Revenues 1.13


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