Saudi Arabia.. Al-Tameer stock rises to its highest level in 225 months

The shares of the Riyadh Development Company, known as “Al-Taameer”, listed and traded on the Saudi Stock Market, “Tadawul”, rose at the end of trading on Sunday, reaching its highest price in 225 months.

The stock rose by 0.69%, closing at 36.55 riyals, while trading at the end of the session amounted to 319,743 thousand shares, with a trading value approaching 11.7 million riyals.

The highest price of the share at the end of the session was 36.75 riyals, while the lowest price was 35.80 riyals.

The stock thus touched its highest price in 225 months (18 years and 9 months), which it had not touched since April 2006.

Riyadh Development Company had recorded profits of about 44.2 million riyals during the third quarter of last year 2024, compared to 46.4 million riyals during the same period of the previous year 2023.

The company witnessed an increase in profits by 69.2% on an annual basis, to record 206.6 million riyals, during the first 9 months of last year 2024, compared to 122.1 million riyals, during the same period of the previous year, 2023.

Al-Tameer’s revenues increased by 8%, to record 235 million riyals, during the first 9 months of last year 2024.