Investment in reconstruction equity 2022
Because many individuals want to start trading and investing across Saudi Arabia, which has called for the identification of stock .prices in general, and the high price of reconstruction stock has made it a pure interest by many investors.
In today’s article, we will learn about the Investment in reconstruction equity 2022, the most important information, and expectations.
Riyadh Development Company
Riyadh Construction Company is one of the most famous companies engaged in real estate development. It pays great attention to the construction of many commercial, residential, utility, and service buildings. In addition, many residential complexes are set up for sale or rental purposes.
Reconstruction Stock Price 2022
The reconstruction’s 2022 stock price is SAR 28.75, with the stock price now equivalent to approximately USD 7.67. It should be noted that this company’s stock has seen a remarkable rise in recent times. This was due to the company’s receipt of revenue support from both the operating and leasing sectors during the second quarter of this year 2022, which had a positive impact on the company, bringing revenue to approximately SAR 143.41 million. This has led to an increase in the share price at the current time.
Number of stocks of Riyadh Construction Company
Riyadh Construction Company’s stock number is currently approximately 177,777,777 stocks. The company owns a large number of stocks, part of which has been put up for trading by all individuals from all over the Kingdom of Saudi Arabia who wish to invest in the company’s stocks. It should be noted here that the company has an estimated capital of 1,777,777,770.00.
Reconstruction Stock Price Forecast
Some analysts have maintained their recommendations to raise the positions towards the construction stock price On the other hand, the target price for the stock was increased to SAR 37 instead of SAR 27, Here we can see that many analysts have confirmed that the stock is currently living its best times for previous years. and evidence of this is the high valuation of the stock and the firm’s stable demand, In addition to the company’s good relations with both the operating and leasing sectors in Saudi Arabia.
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