Fawaz Alhokair shares hit lowest price since 2009
- Date: 04-Jul-2022
- Source: Argaam
- Sector:Financial Markets
- Country:Saudi Arabia
Fawaz Alhokair shares hit lowest price since 2009
Shares of Fawaz Abdulaziz Alhokair Co. recorded the lowest price in 13 years, or since August 2009, at SAR 18.74, today, July 4.
The stock is trading is trading at a maximum decline, amid trading of about 1.5 million shares so far.
Last week, Fawaz Alhokair’s shareholders approved the board of directors’ recommendation to reduce capital to SAR 1.15 billion to offset accumulated losses.
Founded in 1990, Fawaz Alhokair listed its shares on the Saudi Stock Exchange in December 2006. The company is positioned as a standout resource in the retail franchising industry.
The following table shows the most important financial indicators of the company:
The company increased its capital three times to reach the current capital of SAR 700 million.
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