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Riyadh Development closes at highest price since 2006
29/12/2024
Argaam Exclusive
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Shares of Riyadh Development Co. rose 9% today, Dec. 29, to SAR 34.55 apiece, to close at the highest price since April 2006.
The stock hit an intraday high of SAR 34.75.
| Year High (SAR) | Year Low (SAR) |
| 34.75 | 20.90 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 74.83 | 3.20 |
Accordingly, the stock’s year-to-date (YTD) gains reached nearly 50%.
Market Data :
| Open | 17.11 |
| Low | 16.30 |
| High | 17.11 |
| Previous Close | 16.90 |
| Change (3M) | (11.41 %) |
| Change (6M) | (11.65 %) |
| Market Value | 3,815.41 |
| Avg. Volume (3M) | 361,501.14 |
| Avg. Turnover (3M) | 6,009,198.54 |
| Avg. Transaction (3M) | 1,290.15 |
| Change(12M) | (44.60 %) |
| YTD | (27.16 %) |
The company has amended its capital several times since listing on the Saudi Exchange (Tadawul) in 1994.
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2025 | Private Offering | 2,339.31 | 31.59% |
| 2019 | Bonus Shares | 1,777.78 | 33.33% |
| 2014 | Bonus Shares | 1,333.33 | 33.33% |
Financial Performance :
Overview :
The company was established in 1994 as a Saudi public joint-stock company.
Activities and Business Segment
The company operates across real estate investment, development, and the management and leasing of residential and commercial properties, alongside wholesale and retail automotive trade. The firm conducts its operations across several key business segments, including the public benefit segment, which is the largest contributor to revenue.
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 3,815.42 |
| Shares Outstanding ((M)) | 233.93 |
| Recurring EPS ( Riyal) (TTM) | 1.19 |
| Book Value (BV) ( Riyal) (Latest announcement) | 17.86 |
| Recurring P/E (TTM) | 13.70 |
| Price/book | 0.91 |
| Dividend Yield (%) (Last Year) | 3.07 |
| Return on Average Assets (%) (TTM) | 6.74 |
| Return on Average Equity (%) (TTM) | 7.27 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 2,724.91 |
| EV/adj EBITDA | 11.01 |
| EV/ EBITDA | - |
| EV/Revenues | 6.50 |
Calendar :
-
03 February
General Assembly
- -
08 May
Ex-dividend Date
- -
08 May
General Assembly
- -
25 May
Cash Dividend Distribution
- -
28 September
Ex-dividend Date
- -
16 October
Cash Dividend Distribution
-
Call Request
Comments Analysis: