Al Rajhi Takaful hits highest close since debut

Logo of Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful)

Shares of Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) rose today, May 18, by more than 7% to SAR 119 apiece – the highest since its debut.

The stock recorded an intraday high of SAR 122, with a traded volume of nearly 727,000 shares.

The company’s board of directors recommended increasing capital by 150%, through capitalizing SAR 600 million retained earnings, and distributing 1.5 bonus shares for every share held, Argaam reported.

Established in 2008, Al Rajhi Takaful was listed on the Saudi Stock Exchange (Tadawul) in 2009.

The company carries out insurance activity in Saudi Arabia, including general insurance, health insurance, protection and savings insurance.

Al Rajhi Takaful Share Performance
Annual high (SAR)	122.00	Today, May 18, 2023
Annual low (SAR)	66.70	May 26, 2022
Historical high (SAR)	122.00	Today, May 18, 2023
Historical low (SAR)	13.15	March 5, 2011
Highest trading volume (mln shares)	26.62	July 13, 2009 (Listing date)

Key Financial Indicators
EPS (last 12 months) (SAR)	2.24
P/E (last 12 months) (x)	Greater than 50
Book value (SAR)	32.68
P/B ratio (x)	3.64
Nominal value	10

Amendments to Capital (SAR mln)
Date	Hike Method	Old Capital	New Capital	Variation
2015	Rights issue	200	400	+100%

Saudi Stocks Trading

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