Tawuniya shares hit highest close since debut

27/03/2023 Argaam Special

Tawuniya shares hit highest close since debut

Logo of The Company for Cooperative Insurance (Tawuniya)


Shares of the Company for Cooperative Insurance (Tawuniya) hit their highest price since listing, at SAR 107 each, after rising 5%, today, March 27. 

 

The stock recorded an intraday high of SAR 108, with a traded volume of nearly 1.14 million shares. 

 

Tawuniya was established in 1986 and listed on Tadawul in March 2005. 

 

The firm specializes in cooperative insurance business, including reinsurance and agencies. It provides a full range of insurance services, including those related to vehicles, fires, property and various accidents. In addition, it covers marine, medical, engineering, aviation and energy sectors.

 

Tawuniya’s Stock Performance

Annual High (SAR)

108.00

Today, March 27, 2023

Annual Low (SAR)

53.30

June 23, 2022

Historical High (SAR)

108.00

Today, March 27, 2023

Historical Low (SAR)

9.90

Nov. 24, 2008

Highest Trading Volume (mln shares)

29.72

June 1, 2005

 

Key Financial Indicators

Earnings Per Share (last 12 months) (SAR)

3.13

P/E (last 12 months) (x)

34.19

Book Value (SAR)

26.81

P/B Ratio (x)

3.99

 

The company increased its capital three times by distributing bonus shares, to reach SAR 1.25 billion. The following table details changes in the company’s capital according to the data available on Tadawul website:

 

Capital Amendments (SAR mln)

Date

Hike Method

Old Capital

New Capital

Change

2017

Bonus Shares

1000

1250

25%

2013

Bonus Shares

750

1000

33%

2011

Bonus Shares

500

750

50%

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