Saudi Re hits highest price since debut

29/08/2024 Argaam Exclusive

Shares of Saudi Reinsurance Co. (Saudi Re) hit an all-time high today, Aug. 29, at SAR 41.25.

 

The stock rose 0.3% today to SAR 39.70. 

Year High (SAR) Year Low (SAR)
41.25 15.70
Highest Since Debut (SAR) Lowest Since Debut (SAR)
41.25 4.83

With today’s hike, the stock has gained more than 110% since the beginning of 2024.

Market Data :

Open 36.50
Low 35.85
High 36.50
Previous Close 36.50
Change (3M) 16.67 %
Change (6M) 31.57 %
Market Value 3,212.06
Avg. Volume (3M) 1,668,614.64
Avg. Turnover (3M) 62,169,247.50
Avg. Transaction (3M) 4,010.33
Change(12M) 103.44 %
YTD 93.82 %

Saudi Re has tweaked its capital several times since listing on the Saudi Exchange (Tadawul), as shown 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%

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...


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 3,212.06
EPS ( Riyal) (TTM) 5.55
Book Value (BV) ( Riyal) (Latest announcement) 18.13
Adjusted P/E (Last12) 23.13
Price/Book 1.99
Dividend Yield (%) (Last Year) 0.00
Return on Average Assets (%) (TTM) 19.61
Return on Average Equity (%) (TTM) 36.06
Shares Outstanding (M) 89.10
Par Value ( Riyal) 10.00
Return on Market Cap (%) 15.38


Analyst Estimates :

36

Fair Average Price

1

Number of Recommendations

Rating Research firm Current Price Target Price Change
Overweight Al Rajhi Capital 31.20 36.00 15.38 %

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