Omar Ali Al Ruhaily CEO of Saudi Kayan Petrochemical in top 7% of price performers of Saudi Arabian stocks in past week 25 February 2021

NEWS BITES - PEOPLE IN BUSINESS

Omar Ali Al Ruhaily's performance as Chief Executive Officer of Saudi Kayan Petrochemical (TASI:2350) is ranked in the top 7% of BuySellSignals performers for the past week; a percentile ranking of 93.2 out of 191 companies listed in Saudi.

Saudi Kayan Petrochemical Company (TASI:2350), Saudi Arabia's 4th largest Petrochemical industries company by market cap, has lifted 92.0 hallalah (or 6.4%) in the past week to close at SAR15.20.

Compared with the All Share Index (TASI) which rose 70.1 points (0.8%) in the week, the relative price increase was 5.7%.

In the past week the market cap has risen by SAR1.4 billion to SAR22.8 billion ($6.1 billion).

Reinforcing Bullish Signals

- The present value of SAR1,000 (PV1000) invested 1 year ago is now worth SAR1,689 for a capital gain of SAR689. This corresponds to annualised shareholder returns of 68.9%.

- Biggest weekly gain: In the past week the shares have lifted 6.4%, the biggest weekly gain since the week beginning December 30, 2020.

- Shares post best week: The shares had their best week in two years since the week-ended November 01, 2018.

- Strengthens above MAP: The 200-day Moving Average Price (MAP) is SAR12.11, up from SAR11.95 a week ago. A rising MAP over the past week is a bullish signal. The price to MAP ratio is 1.26, up from 1.2 a week ago. A rising P/MAP ratio is another bullish signal.

- Above VWAP: The price is at a premium of 5.6% to the 1-month Volume Weighted Average Price (VWAP) of SAR14.40, the second consecutive day of price above VWAP.

The present value of SAR1,000 invested a year ago is SAR1,689

PV10001-month1-year
2350.SA1,0611,689
All Share Index (TASI)1,0621,181

IN TODAY'S REPORT:

SECTION 1 SAUDI KAYAN PETROCHEMICAL ACTIVITIES

SECTION 2 OTHER DIRECTORS OF SAUDI KAYAN PETROCHEMICAL

SECTION 3 2350 STOCK DASHBOARD

SECTION 1 Saudi Kayan Petrochemical Activities

Saudi Kayan Petrochemical operates in the chemical and petrochemical industry. The Company operates a petrochemical complex located at Jubail Industrial City, with an annual production capacity exceeding 4 million metric tons of petrochemical and chemical products. It is Saudi Arabia's 4th largest Petrochemical industries company by market cap.

SECTION 2 OTHER DIRECTORS OF SAUDI KAYAN PETROCHEMICAL

Omar A. Al-Amoudi, Chairman

Sultan Mohammed Bin Battal, Director

Ali Saeed Al-Khuraimi, Director

Tariq Al-Abdulhadi, Director

Yehia Ben Eissa Al Ansary, Director

Waleed Bin Ahmed Al Shalfan, Non-Executive Director

Ayed H. Al-Haider, Company Secretary

SECTION 3 2350 STOCK DASHBOARD

CurrencyUSD 1 = SAR 3.75 SectorPetrochemical Industries
Feb 24 closeSAR15.20Market CapSAR22.8 billion [$6.1 billion]
Ave Daily Volume21,983,483 sharesShares Outstanding1,500,000,000
52-Week Range (In SAR)6.77 - 15.50

Saudi Kayan Petrochemical Company

ISIN: SA000A0MQCJ2

RIC: 2350.SE

Source: www.BuySellSignals.com