Arabian Internet and Communications, SA15CIBJGH12

Arabian Internet and Communications stock falls as profit rises

Published on 10/07/2026 at 09:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Arabian Internet and Communications stock was trading at SAR 107.50 on October 7, 2026, after a 100 percent bonus issue. First-half profit reached SAR 824 million.

Arabian Internet and Communications, SA15CIBJGH12, Illustration mit AI erstellt.

Arabian Internet and Communications stock (ISIN SA15CIBJGH12) was trading at SAR 107.50 on Tadawul on October 7, 2026, at 10:03 a.m. AST, down 49.74 percent from the previous close of SAR 213.90. The sharp reset came as the market processed a capital action that doubled the companys share count.

Profit reached SAR 824 million

Argaam lists first-half 2026 net profit at SAR 824 million, up 2 percent year over year, with second-quarter profit of SAR 453 million. The second-quarter result exceeded the SAR 370 million reported for the first quarter, a 22.4 percent sequential increase based on the company figures shown for Q1 and Q2 2026.

The operating picture therefore combines a higher quarterly profit base with a major change in the per-share structure. The latest reported period remains the six months ended June 30, 2026, while the market price reflects the post-action trading framework on October 7.

Capital doubles to SAR 2.4 billion

Argaam reported on October 7, 2026, that shareholders approved a 100 percent capital increase after the October 6 meeting. The action distributes one bonus share for every share held and capitalizes SAR 1.2 billion from retained earnings.

The approved structure lifts capital from SAR 1.2 billion to SAR 2.4 billion and the share count from 120 million to 240 million. The Securities Depository Center is due to deposit the bonus shares before trading begins on October 11, 2026, according to the same company-action report.

Stock trades near its yearly low

The October 7 trading range ran from SAR 107.30 to SAR 108.70, while the 52-week range stood at SAR 85.05 to SAR 263.20. The market capitalization was SAR 12.8 billion and volume reached 12,715 shares at the quoted time.

The price sits 26.4 percent above the 52-week low and 59.2 percent below the 52-week high. For investors, the key distinction is between the reported profit trend and the mechanical change in the number of shares used in the market quotation.

Arabian Internet and Communications stock valuation

Arabian Internet and Communications stock was trading at SAR 107.50 on Tadawul on October 7, 2026, at 10:03 a.m. AST. The SAR 107 reference used for the daily fluctuation limit reflects the bonus-share adjustment described by Argaam.