Raydan records lowest price since debut
Shares of Raydan Co. dropped today, Feb. 4, to SAR 20.85—the lowest price since the company's listing on the Main Market (TASI).
The stock closed 0.3% lower at SAR 21.04.
| Year High (SAR) | Year Low (SAR) |
| 53.03 | 20.85 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 151.21 | 20.85 |
With today’s decline, the stock’s year-to-date losses surpassed 50%.
Market Data :
| Open | 14.85 |
| Low | 14.41 |
| High | 15.10 |
| Previous Close | 14.72 |
| Change (3M) | (2.50 %) |
| Change (6M) | (17.36 %) |
| Market Value | 105.41 |
| Avg. Volume (3M) | 349,517.02 |
| Avg. Turnover (3M) | 6,030,503.95 |
| Avg. Transaction (3M) | 1,377.32 |
| Change(12M) | (51.64 %) |
| YTD | (40.17 %) |
The company has made several changes to its capital since its Main Market (TASI) debut.
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2026 | Right Issue | 119.63 | 717.70% |
| 2026 | Reduction | 14.63 | (80.00%) |
| 2025 | Bonus Shares | 73.14 | (53.73%) |
| 2022 | Bonus Shares | 158.08 | (53.16%) |
| 2021 | Right Issue | 337.50 | 50.00% |
| 2017 | IPO | 225.00 | 0.00% |
| 2014 | Bonus Shares | 225.00 | 55.17% |
| 2014 | Bonus Shares | 145.00 | 45.00% |
Financial Performance :
Overview :
The company was established in 1995 in Jeddah as a sole proprietorship. Its operations commenced in 1989 under the name AsSalmi Real Estate Development Group, with an additional branch named Raydan Cuisines and Restaurants registered in Jeddah in 1998. In 2008, the entity converted into a closed Saudi joint-stock company. It was listed on the Nomu-Parallel Market in February 2017, and later moved to the Main Market (TASI) in November 2019.
The company’s core business, as stated in its A...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 105.41 |
| Shares Outstanding ((M)) | 7.31 |
| Recurring EPS ( Riyal) (TTM) | (6.46 ) |
| Book Value (BV) ( Riyal) (Latest announcement) | (0.71 ) |
| Recurring P/E (TTM) | Neg |
| Price/book | (20.33) |
| Dividend Yield (%) (Last Year) | - |
| Return on Average Assets (%) (TTM) | (47.11 ) |
| Return on Average Equity (%) (TTM) | (239.25 ) |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 104.11 |
| EV/adj EBITDA | (8.37) |
| EV/ EBITDA | - |
| EV/Revenues | 1.63 |
Calendar :
-
30 June
General Assembly
-
Call Request
Comments Analysis: