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    4008   SA13Q051UK14

SAUDI COMPANY FOR HARDWARE

(4008)
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Saudi for Hardware : SoftBank makes first direct investment in Saudi company

09/15/2021 | 05:56am EDT
FILE PHOTO: SoftBank Corp's logo is pictured at a news conference in Tokyo

DUBAI (Reuters) - SoftBank has made its first direct investment in Saudi Arabia, co-leading with a government-owned fund a $125 million financing rounding in communications company Unifonic, the start-up said.

The investment will be used by the Riyadh-headquartered firm to expand its products to more customers, it said in a statement.

SoftBank co-led the investment through its Vision Fund 2 alongside state fund Sanabil Investments.

Unifonic, which provides online and mobile communications services, says it has quadrupled in size in less than three years and is now processing over 10 billion transactions on its platform each year.

(Reporting by Dubai Newsroom; editing by Jason Neely)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
SAUDI COMPANY FOR HARDWARE -0.66% 59.8 End-of-day quote.2.75%
SOFTBANK GROUP CORP. 4.40% 6712 End-of-day quote.-16.70%
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Financials
Sales 2021 1 463 M 390 M 390 M
Net income 2021 81,4 M 21,7 M 21,7 M
Net Debt 2021 833 M 222 M 222 M
P/E ratio 2021 28,1x
Yield 2021 2,47%
Capitalization 2 153 M 574 M 574 M
EV / Sales 2021 2,04x
EV / Sales 2022 1,86x
Nbr of Employees 2 392
Free-Float 46,8%
Chart SAUDI COMPANY FOR HARDWARE
Duration : Period :
Saudi Company for Hardware Technical Analysis Chart | 4008 | SA13Q051UK14 | MarketScreener
Technical analysis trends SAUDI COMPANY FOR HARDWARE
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 6
Last Close Price 59,80 SAR
Average target price 66,60 SAR
Spread / Average Target 11,4%
EPS Revisions
Managers and Directors
Haytham Mohammad Al-Hamidi Chief Executive Officer & Executive Director
Amer Omar Omar Chief Financial Officer
Abdulrahman Amin Hasan Jawa Independent Chairman
Khalid Mohammed Abdul Aziz Al-Hamidi Non-Executive Director & Head-Administration
Sameer Omar Baeisa Independent Director
Sector and Competitors