Saudi Re closes at all-time high

05/03/2024 Argaam Exclusive

Shares of Saudi Reinsurance Co. (Saudi Re), listed under the insurance sector, closed today, March 5, at the highest level since listing at SAR 27.50 per share.
 

The stock hit an intraday high of 27.75.

Year High (SAR) Year Low (SAR)
27.75 14.06
Highest Since Debut (SAR) Lowest Since Debut (SAR)
27.75 4.83
Chart
Today's rise brings the stock's year-to-date gains to 40%.

Market Data :

Open 44.95
Low 44.70
High 46.60
Previous Close 45.45
Change (3M) 11.95 %
Change (6M) 82.97 %
Market Value 4,049.60
Avg. Volume (3M) 1,510,842.45
Avg. Turnover (3M) 57,796,332.95
Avg. Transaction (3M) 3,872.78
Change(12M) 149.73 %
YTD 144.35 %
Overview

Saudi Re has made several capital adjustments since listing, as detailed in the table below:

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2023 Private Offering   1,158.30 30.00%
2022 Right Issue   Cancelled 1,336.50 50.00%
2021 Split   891.00 10.00%
2018 Reduction   810.00 (19.00%)
2008 IPO   1,000.00 66.67%
Company Action

Overview :

Saudi Reinsurance Company (Saudi Re) was established as a Saudi public shareholding company pursuant to Royal Decree No. 83 dated 25/10/1428 H corresponding to 6/11/2007 and obtained Commercial Registration No. 1010250125 dated 12/5/1429 H specializes in facultative and treaty reinsurance solutions in various classes, including property, engineering, liability, marine, motor, life, and health. The company is licensed under the number TMN/17/20087 and under the control and supervision of the Ins...
Profile


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 4,049.60
EPS ( Riyal) (TTM) 5.55
Book Value (BV) ( Riyal) (Latest announcement) 18.13
Adjusted P/E (Last12) 31.59
Price/Book 2.51
Dividend Yield (%) (Last Year) 0.00
Return on Average Assets (%) (TTM) 17.32
Return on Average Equity (%) (TTM) 36.06
Shares Outstanding (M) 89.10
Par Value ( Riyal) 10.00
Return on Market Cap (%) 15.38
Ratios


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