Shaker shares hit 14-month low

Shares of Al Hassan Ghazi Ibrahim Shaker Company declined on Sunday to the lowest over 14 months.

Shaker’s stock fell 0.30% to trade at SR 19.80 by 12:30 PM. after it traded at SR 19.64, the lowest since April 2021.

Almost 655 deals worth SR 6.7 million have been executed on 334.5K shares of Shaker.

The company announced last Wednesday signing off a non-binding memorandum of understanding with Fox S.p.a. di Renzo Bompani to build manufacturing facility in Saudi Arabia.

It should be noted that Shaker reported profit surge of 47.9% to SR 14.474 million in the first quarter of 2022 compared to SR 9.784 million.