Al Rajhi Takaful closes at highest level since debut

29/02/2024 Argaam Exclusive

Shares of Al-Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) ended 10% higher today, Feb. 29, at SAR 84.70, the highest closing since listing on the Saudi Exchange (Tadawul) after about 1.3 million shares were traded.

Highest per Year (Riyal) Lowest per Year (Riyal)
84.70 38.00
Highest since listing (Riyal) Lowest since listing (Riyal)
84.70 5.27

Following today’s gain, the stock has added more than 90% over the past 12 months.

Market Data :

Open 209.00
Low 203.00
High 210.20
Previous Close 208.00
Change (3M) 62.60 %
Change (6M) 210.91 %
Market Value 20,520.00
Avg. Volume (3M) 590,339.33
Avg. Turnover (3M) 95,091,370.20
Avg. Transaction (3M) 4,916.47
Change(12M) 250.89 %
YTD 189.01 %

The company made several capital adjustments including a bonus issue and two rights issues.

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2023 Split   1,000.00 150.00%
2015 Right Issue   400.00 100.00%
2009 IPO   200.00 42.86%

Al Rajhi Takaful’s profit rose to SAR 328.1 million in 2023, compared to SAR 72.4 million in 2022, while the profit of Q4 2023 amounted to nearly SAR 109 million



Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 20,520.00
EPS ( Riyal) (TTM) 3.78
Book Value (BV) ( Riyal) (Latest announcement) 18.26
Adjusted P/E (Last12) 54.26
Price/Book 11.24
Dividend Yield (%) (Last Year) -
Return on Average Assets (%) (TTM) 6.04
Return on Average Equity (%) (TTM) 23.03
Shares Outstanding (M) 100.00
Par Value ( Riyal) 10.00
Return on Market Cap (%) 3.50


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