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SABIC slides to 17-year low
08/01/2026
Argaam Exclusive
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Shares of Saudi Basic Industries Corp. (SABIC) dropped to their lowest level since January 2009 at SAR 48.20 today, Jan. 8.
The stock closed at SAR 50.90 (+0.5%), with trading volume reaching approximately 3.6 million shares valued at SAR 180 million.
The TASI-listed petrochemicals major announced today divesting 100% of its engineering thermoplastics (ETP) business in the Americas and Europe, expecting non-cash losses of about SAR 18.3 billion.
| Year High (SAR) | Year Low (SAR) |
| 69.20 | 48.20 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 252.27 | 7.42 |
Market Data :
| Open | 57.85 |
| Low | 57.10 |
| High | 57.85 |
| Previous Close | 57.90 |
| Change (3M) | 1.42 % |
| Change (6M) | 0.00 % |
| Market Value | 171,900.00 |
| Avg. Volume (3M) | 1,518,939.47 |
| Avg. Turnover (3M) | 82,453,467.79 |
| Avg. Transaction (3M) | 5,836.06 |
| Change(12M) | (13.83 %) |
| YTD | 11.70 % |
SABIC changed its capital several times, as shown in the following table:
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) | 171,900.17 |
| Shares Outstanding ((M)) | 3,000.00 |
| EPS ( ) (TTM) | (2.25 ) |
| Book Value (BV) ( Riyal) (Latest announcement) | 49.80 |
| Recurring P/E | More than 100 |
| Price/book | 1.15 |
| Dividend Yield (%) (Last Year) | 5.93 |
| Return on Average Assets (%) (TTM) | (2.47 ) |
| Return on Average Equity (%) (TTM) | (4.28 ) |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 197,795.67 |
| EV/adj EBITDA | 11.53 |
| EV/Revenues | 1.42 |
No upcoming events available
Analyst Estimates :
61.53
Fair Average Price
11
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Hold | HSBC | 55.75 | 54.00 | (3.14 %) | |
| Underweight | AlphaMena | 56.75 | 52.60 | (7.31 %) | |
| Buy | Goldman Sachs | 57.80 | 65.30 | 12.98 % | |
| Underweight | Bank of America | 57.75 | 54.00 | (6.49 %) | |
| Neutral | Riyad Capital | 58.30 | 60.00 | 2.92 % | |
| Hold | U-Capital | 58.70 | 63.40 | 8.01 % | |
| Hold | Arqaam Capital | 58.70 | 60.00 | 2.21 % | |
| Aggregate | FAB Securities | 58.40 | 65.00 | 11.30 % | |
| Neutral | SNB Capital | 59.80 | 64.50 | 7.86 % | |
| Buy | EFG-Hermes | 61.05 | 78.00 | 27.76 % | |
| Neutral | JP Morgan | 61.05 | 60.00 | (1.72 %) |
Call Request
Comments Analysis: