Shams hits highest close since December 2022

24/07/2025 Argaam Exclusive

Shares of Tourism Enterprise Co. (Shams) rose to SAR 1.11 today, July 24, marking their highest closing level since December 2022.

 

The stock reached an intraday high of SAR 1.14, with around 287.71 million shares traded.

Year High (SAR) Year Low (SAR)
1.14 0.70
Highest Since Debut (SAR) Lowest Since Debut (SAR)
2.72 0.08

The company recently said the average closing price of its share had fallen below the minimum threshold, noting that the grace period to take corrective actions began on July 20 and will last for three months.

Market Data :

Open 0.98
Low 0.93
High 0.99
Previous Close 0.97
Change (3M) 11.63 %
Change (6M) 2.13 %
Market Value 1,110.21
Avg. Volume (3M) 61,759,285.19
Avg. Turnover (3M) 60,821,152.18
Avg. Transaction (3M) 5,849.05
Change(12M) 21.52 %
YTD 0.00 %

Following today’s rise, the stock has gained more than 19% year-to-date.

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2022 Right Issue   578.24 999.94%
2021 Reduction   52.57 (48.21%)
2014 Right Issue   Cancelled 491.50 384.24%

Financial Performance :

Overview :

Tourism Enterprise Co. (Shams) was established in 1991 in Dammam as a closed joint-stock company, with capital of SAR 101.50 million. In 1999, the company was converted into a public joint-stock company. The company's core business activity is managing the Palm Beach Resort tourism project. Shams generates revenue through providing three main services: daily rentals, other service fees, and annual rentals. Daily rentals are the predominant contributor to the company's revenue stream.


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 1,110.21
Shares Outstanding ((M)) 1,156.47
EPS ( Halala) (0.31 )
Book Value (BV) ( Riyal) (Latest announcement) 0.43
Recurring P/E Neg
Price/book 2.22
Dividend Yield (%) (Last Year) 0.00
Return on Average Assets (%) (TTM) (0.67 )
Return on Average Equity (%) (TTM) (0.71 )
Par Value ( Halala) 50.00
Enterprise Value (EV) (M) 858.69
EV/adj EBITDA (71.84)
EV/Revenues 80.58


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