Budget Saudi closes at all-time high today

Logo of Budget Saudi

United International Transportation Co. (Budget Saudi) closed 1% higher at an all-time high of SAR 54.70 today, Feb. 21, after almost 630,000 shares changed hands.

The stock hit an intraday high of SAR 55.70, the highest price since 2007. The highest level since debut was recorded at SAR 65.50 in September 2007.

The company was established in December 1978, and listed in September, 2007.

Budget Saudi, a car rental firm, is under franchise contract from Budget International Rent a Car Co. (Budget).

It was established in December 1978, and listed on the Saudi Stock Market (Tadawul) in September 2007.

Budget Saudi Stock Performance
Annual High (SAR)	55.70	Today, Feb. 21, 2023
Annual Low (SAR)	43.00	May 22, 2022
Historical High (SAR)	65.50	Sept. 9, 2007 (Listing date)
Historical Low (SAR)	7.70	Oct. 26, 2008
Highest Traded Volume (mln shares)	51.92	Sept. 9, 2007 (Listing date)

The following table shows the most important financial indicators of the company:

Key Financial Indicators
EPS (last 12 months) (SAR)	3.25
P/E (last 12 months) (x)	16.77
Book Value (SAR)	23.29
P/B Ratio (x)	2.34

The company raised its capital six times through bonus shares to reach SAR 711.7 million.

The following table indicates the company’s capital changes, according to data available on Tadawul:

Capital Changes (SAR mln)
Date	Method of Increase	Previous Capital	New Capital	Variation
2017	Bonus share distribution	610.00	711.67	16.7%
2016	Bonus share distribution	508.33	610.00	20.0%
2015	Bonus share distribution	406.67	508.33	25.0%
2014	Bonus share distribution	305.00	406.67	33.3%
2013	Bonus share distribution	244.00	305.00	25.0%
2012	Bonus share distribution	183.00	244.00	33.3%

Saudi Stocks Trading

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