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Riyadh Development closes at highest price since 2006
29/12/2024
Argaam Exclusive
AI Summary
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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 | 32.52 |
| Low | 32.30 |
| High | 32.82 |
| Previous Close | 32.74 |
| Change (3M) | (4.08 %) |
| Change (6M) | (5.07 %) |
| Market Value | 7,584.04 |
| Avg. Volume (3M) | 242,292.84 |
| Avg. Turnover (3M) | 7,910,321.95 |
| Avg. Transaction (3M) | 1,589.16 |
| Change(12M) | 27.64 % |
| YTD | (3.51 %) |
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 | Split | 1,777.78 | 33.33% |
| 2014 | Split | 1,333.33 | 33.33% |
Financial Performance :
Overview :
Arriyadh Development Co. (ARDCO) was established in 1994 as a joint-stock company.
The company’s main activity is general construction of residential and non-residential buildings. ARDCO operates mainly in three principal segments: operating, leasing, and sale and contribution of lands. The operating segment includes the operation of Attameer Vegetable and Fruit Wholesale Market, Attameer Public Transportation Center and Attameer International Car Auction. The leasing segment includes lea...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 7,584.04 |
| Shares Outstanding ((M)) | 233.93 |
| EPS ( ) (TTM) | 1.03 |
| Book Value (BV) ( Riyal) (Latest announcement) | 17.09 |
| Recurring P/E | 30.70 |
| Price/book | 1.90 |
| Dividend Yield (%) (Last Year) | 1.36 |
| Return on Average Assets (%) (TTM) | 6.83 |
| Return on Average Equity (%) (TTM) | 7.49 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 6,622.44 |
| EV/adj EBITDA | 41.75 |
| EV/Revenues | 21.47 |
Calendar :
-
03 February
General Assembly
- -
08 May
Ex-dividend Date
- -
08 May
General Assembly
- -
25 May
Cash Dividend Distribution
-
Call Request
Comments Analysis: