Saudi Enaya shares surge 200% in one year, reaches highest close since 2017

Logo of Saudi Enaya Cooperative Insurance Co.

Shares of Saudi Enaya Cooperative Insurance Co. leapt today, May 25, 2021, to hit their highest close since 2017 at SAR 51.10, with trades exceeding 4 million shares.

The stock is up more than 200% in a year.

On April 29, 2021, Saudi Enaya signed a binding merger agreement with Amana Cooperative Insurance Co., under which the former will be merged into the latter.

Established in 2012, Saudi Enaya was listed on the Saudi Stock Exchange (Tadawul) on Feb. 27, 2012. The company focuses on the cooperative health insurance business.

Saudi Enaya Share Performance
Annual high (SAR)	51.10	May 25, 2021
Annual low (SAR)	16.64	May 31, 2020
Historical high (SAR)	371.50	July 1, 2012
Historical low (SAR)	14.72	March 12, 2020
Highest trading (mln shares)	12.45	Feb. 27, 2012 (Listing Date)

Key Financial Indicators
EPS (last 12 months) (SAR)	(2.63)
P/E (last 12 months) (x)	Negative
Book Value (SAR)	6.59
P/B ratio (x)	7.75

The insurer executed four adjustments to its capital by raising it one time through a rights issue and decreasing it thrice, bringing its current capital to SAR 150 million, as the following table shows:

Saudi Enaya Capital
Year	Old Capital	New Capital	Variation
2020	300	150	(50%)
2018	100	300	+200%
2018	200	100	(50%)
2016	400	200	(50%)

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