SAIC
16.46 SAR
+0.43%
Today
-0.06%
1D
Market is closed
Sun
10:00 AM ~ 3:00 PM
Mon
10:00 AM ~ 3:00 PM
Tue
10:00 AM ~ 3:00 PM
Wed
10:00 AM ~ 3:00 PM
Thu
10:00 AM ~ 3:00 PM
Fri
Closed
Sat
Closed
Information
Name
Saudi Advanced Industries
Currency
SAR
Standard Leverage
1X
Market Cap
992.97M
Avg Daily Volume
465.56K
52 Week High
29.7 SAR
52 Week Low
13.5 SAR
Trading Hours
See hours
Business Summary
Saudi Advanced Industries Company, through its subsidiary, operates in investment and financing sector in the Kingdom of Saudi Arabia. It operates through Petrochemical, Glass Industry, Industrial Services, Financial Services and Investments, and Others segments. The company is involved in the manufacturing of glass and multi-layer insulating glas; wholesale and retail trade for glass, raw materials for glass, and accessories; make and chop glass, coloring, and install glass; and establishment and management of related mining quarries. It also provides mortgage services to individuals and resell some derivatives to banks; geophysical and marine studies services for the exploration and development of hydrocarbons, minerals, and groundwater sources; seismic survey, ocean study, geodetic studies, and map preparation services; drilling services for oil and gas extraction; and self-propelled platform for oil well services. In addition, the company offers pure tricalic acid and polyester ores and aromatic or ring compounds including, paracillin and benzene. Further, it engages in financial investment activities; provision of academic programs and scientific specializations for male and female students in various fields; and operates in health sector. The company was incorporated in 1988 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.
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Frequently Asked Questions
What are industrial stocks in trading?
Industrial stocks represent companies involved in manufacturing, infrastructure, construction, and transportation.
Are industrial stocks a good long-term investment?
Yes, especially during economic expansions. They may offer consistent returns and dividends, though they can be sensitive to economic slowdowns and interest rate changes.
How do interest rates impact industrial stocks?
Rising interest rates can increase borrowing costs for industrial companies, which may reduce profit margins and capital spending, impacting stock performance.
What are examples of industrial sectors to watch?
Aerospace, defense, construction, machinery, and logistics are key sectors often tracked by investors looking for industrial exposure.
