solutions hits highest level since debut
- Date: 05-Jun-2023
- Source: Argaam
- Sector:Financial Markets
- Country:Saudi Arabia
solutions hits highest level since debut
Arabian Internet and Communications Services Co.’s (solutions) shares advanced today, June 5, hitting the highest since its debut at SAR 315.80 apiece.
The stock is up 6% during today’s session, with nearly 125,000 shares changing hands, so far.
Compared to the SAR 151/share listing price, the stock’s gains exceeded 100%.
Established in 2003, solutions listed on the Saudi Exchange (Tadawul) in September 2021.
With a capital of SAR 1.2 billion, the company is 79% owned by Saudi telecom major stc.
It provides integrated services and solutions in the field of information technology (IT) and digital transformation in the Saudi market.
The following table details solutions’ key financial indicators:
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