Shares of Saudi Telecom Co. (stc) rose 2% to discontinuance this day, Feb. 14, at SAR 117.40, its perfect level since 2006.

Accordingly, the stock has gained 62% since hitting its lowest in March 2020.

The telecom operator recorded a shopping and selling quantity of 518,700 shares.

stc became once established as a joint stock company in 1998 as per a royal decree, beneath which the telegraph and phone sector at the Ministry of Telegraph, Post and Phone (the telecom sector) became once transferred to the corporate which became once entirely owned by the Saudi govt.

As per the Cupboard resolution No. 171, dated Sept. 9, 2002, the govt. equipped 30% of its shares.

The corporate started to produce the telecom companies and products within the Kingdom. It establishes, manages, operates, and maintains mounted and mobile communique networks, programs and infrastructures, apart from offering a stout fluctuate of a quantity of communications and files technology (CIT) companies and products.

stc elevated its capital in 2006 from SAR 15 billion to SAR 20 billion via a bonus allotment distribution.

stc Stock Efficiency

Annual Excessive (SAR)

118.00

Feb. 14, 2021

Annual Low (SAR)

72.30

March 9, 2020

Historical Excessive (SAR)

193.50

Jan. 29, 2006

Historical Low (SAR)

28.50

Feb. 3, 2003

Very best Traded Volume

48.55

June 10, 2003

The following desk reveals the largest financial indicators of the corporate:

Key Financial Indicators

EPS (excellent 12 months) (SAR)

5.54

P/E (Closing12) (x)

22.50

Ebook Price (SAR)

32.02

P/B ratio (x)

3.67