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SABIC closes at lowest price since 2009
25/05/2025
Argaam Exclusive
AI Summary
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AI Summary
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Please note that this news summary has been generated using artificial intelligence. It is recommended to review the original
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Shares of Saudi Basic Industries Corp. (SABIC) fell 2% today, May 25, to end at SAR 57.50, recording the lowest close since 2009.
The stock hit an intraday low of SAR 57.30.
| Year High (SAR) | Year Low (SAR) |
| 83.40 | 57.30 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 252.27 | 7.42 |
The company has implemented some capital adjustments since its TASI debut, as follows:
Market Data :
| Open | 55.10 |
| Low | 55.10 |
| High | 55.50 |
| Previous Close | 54.90 |
| Change (3M) | (10.97 %) |
| Change (6M) | (19.65 %) |
| Market Value | 165,600.00 |
| Avg. Volume (3M) | 1,595,109.13 |
| Avg. Turnover (3M) | 96,588,916.92 |
| Avg. Transaction (3M) | 7,801.26 |
| Change(12M) | (27.37 %) |
| YTD | (17.61 %) |
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2008 | Split | 30,000.00 | 20.00% |
| 2006 | Split | 25,000.00 | 25.00% |
| 2005 | Split | 20,000.00 | 33.33% |
| 2001 | Split | 15,000.00 | 12.50% |
| 2000 | Split | 13,333.00 | 33.33% |
| 1990 | Split | 10,000.00 | 33.33% |
| 1989 | Split | 7,500.00 | 50.00% |
Financial Performance :
Overview :
Established in 1976 as a closed joint-stock company with an initial capital of SAR 5 billion, Saudi Basic Industries Corporation (SABIC) commenced its industrial operations through its subsidiaries in 1983. Subsequently, in 1984, it was transitioned to a public joint-stock company. By 2005, SABIC achieved significant growth, solidifying its position as the eleventh largest company globally. In 2012, the company established SABIC Academy to foster professional development.
In 2020, marking a sig...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 165,600.17 |
| Shares Outstanding ((M)) | 3,000.00 |
| EPS ( ) (TTM) | 0.03 |
| Book Value (BV) ( Riyal) (Latest announcement) | 52.04 |
| Adjusted P/E (Last12) | 75.79 |
| Price/book | 1.06 |
| Dividend Yield (%) (Last Year) | 6.16 |
| Return on Average Assets (%) (TTM) | 0.03 |
| Return on Average Equity (%) (TTM) | 0.05 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M) | 193,587.38 |
No upcoming events available
Analyst Estimates :
66.63
Fair Average Price
15
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Neutral | Citi Bank Group | 58.80 | 60.00 | 2.04 % | |
| Underweight | AlphaMena | 58.50 | 53.70 | (8.21 %) | |
| Hold | HSBC | 60.50 | 58.00 | (4.13 %) | |
| Neutral | SNB Capital | 58.70 | 64.50 | 9.88 % | |
| Buy | FAB Securities | 58.00 | 75.00 | 29.31 % | |
| Neutral | Riyad Capital | 60.00 | 65.00 | 8.33 % | |
| Buy | Goldman Sachs | 59.20 | 70.00 | 18.24 % | |
| Hold | Arqaam Capital | 60.00 | 70.00 | 16.67 % | |
| Neutral | JP Morgan | 60.10 | 57.00 | (5.16 %) | |
| Under Review | U-Capital | 59.60 | - | ||
| Buy | Hermes | 59.60 | 78.00 | 30.87 % | |
| Neutral | Morgan Stanley International | 61.70 | 67.00 | 8.59 % | |
| Neutral | Bank of America | 60.60 | 58.00 | (4.29 %) | |
| Buy | FAB Securities | 63.50 | 90.00 | 41.73 % | |
| Under Review | U-Capital | 64.00 | - |
Call Request
Comments Analysis: