21/11/2024 Argaam Exclusive
AI Summary
Shares of Saudi Reinsurance Co. (Saudi Re) hit a record close today, Nov. 21, at SAR 43.30, after jumping 7%.
The stock hit an intraday high of SAR 43.50.
Earlier this week, Saudi Re said it expects an over 5% increase in reinsurance income on the new mechanism of reinsurance premium cession to the local market, based on the 2023 financial statements.
| Year High (SAR) | Year Low (SAR) |
| 29.68 | 12.06 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 29.68 | 3.29 |
Following today’s rise, the stock has gained to more than 120% since the beginning of the year.
| Open | 31.00 |
| Low | 30.42 |
| High | 31.24 |
| Previous Close | 31.90 |
| Change (3M) | 3.31 % |
| Change (6M) | (7.61 %) |
| Market Value | 5,270.90 |
| Avg. Volume (3M) | 833,538.53 |
| Avg. Turnover (3M) | 27,035,305.53 |
| Avg. Transaction (3M) | 3,044.98 |
| Change(12M) | 21.66 % |
| YTD | (15.58 %) |
The company has changed its capital several times since listing on the Saudi Exchange (Tadawul), as shown below:
| Date | Type | Capital (M Riyal) | Change (%) |
| 2025 | Split | 1,698.10 | 46.60% |
| 2024 | 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% |
| Financial Ratio | Current |
| Market Cap (M Riyal) | 5,270.90 |
| EPS ( ) (TTM) | 0.71 |
| Book Value (BV) ( Riyal) (Latest announcement) | 12.91 |
| Recurring P/E | 44.43 |
| Price/Book | 2.44 |
| Dividend Yield (%) (Last Year) | 0.00 |
| Return on Average Assets (%) (TTM) | 3.26 |
| Return on Average Equity (%) (TTM) | 6.28 |
| Shares Outstanding (M) | 167.31 |
| Par Value ( Riyal) | 10.00 |
| Return on Market Cap (%) | 2.08 |
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