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Saudi Re closes at all-time high
05/03/2024
Argaam Exclusive
AI Summary
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Please note that this news summary has been generated using artificial intelligence. It is recommended to review the original
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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) |
| 18.93 | 9.59 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 18.93 | 3.29 |
Today's rise brings the stock's year-to-date gains to 40%.
Market Data :
| Open | 28.60 |
| Low | 28.06 |
| High | 28.76 |
| Previous Close | 28.70 |
| Change (3M) | 9.77 % |
| Change (6M) | 5.36 % |
| Market Value | 4,809.02 |
| Avg. Volume (3M) | 923,869.66 |
| Avg. Turnover (3M) | 24,809,882.82 |
| Avg. Transaction (3M) | 2,857.74 |
| Change(12M) | (16.94 %) |
| YTD | 5.59 % |
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 (%) |
| 2025 | Bonus Shares | 1,698.10 | 46.60% |
| 2024 | Private Offering | 1,158.30 | 30.00% |
| 2022 | Right Issue Cancelled | 1,336.50 | 50.00% |
| 2021 | Bonus Shares | 891.00 | 10.00% |
| 2018 | Bonus Shares | 810.00 | (19.00%) |
| 2008 | IPO | 1,000.00 | 66.67% |
Overview :
Established in 2007 as a Saudi joint-stock company under the name Saudi Reinsurance Cooperative Co. with capital of SAR 1 billion, the firm was converted into a public joint-stock company the following year. In 2021, the company was rebranded to its current name, Saudi Reinsurance Co.
Activities and Business Segment
The company provides reinsurance services and related activities inside and outside the Kingdom of Saudi Arabia across several business segments, including the property and cas...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 4,809.02 |
| Recurring EPS ( Riyal) (TTM) | 0.96 |
| Book Value (BV) ( Riyal) (Latest announcement) | 14.10 |
| Recurring P/E (TTM) | 30.03 |
| Price/Book | 2.04 |
| Dividend Yield (%) (Last Year) | - |
| Return on Average Assets (%) (TTM) | 4.77 |
| Return on Average Equity (%) (TTM) | 9.54 |
| Shares Outstanding (M) | 167.31 |
| Par Value ( Riyal) | 10.00 |
| Return on Market Cap (%) | 4.88 |
Calendar :
-
12 May
General Assembly
- -
24 December
General Assembly
- -
26 December
IPO/ Subscription
- -
30 December
IPO/ Subscription
- -
12 May
General Assembly
- -
09 October
Ex-dividend Date
-
Call Request
Comments Analysis: