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Saudi Re notches highest close since debut
21/11/2024
Argaam Exclusive
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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) |
| 43.50 | 17.68 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 43.50 | 4.83 |
Following today’s rise, the stock has gained to more than 120% since the beginning of the year.
Market Data :
| Open | 43.34 |
| Low | 42.96 |
| High | 43.82 |
| Previous Close | 43.32 |
| Change (3M) | (6.89 %) |
| Change (6M) | (6.70 %) |
| Market Value | 5,052.50 |
| Avg. Volume (3M) | 496,994.09 |
| Avg. Turnover (3M) | 23,163,590.74 |
| Avg. Transaction (3M) | 2,562.80 |
| Change(12M) | 24.81 % |
| YTD | (19.07 %) |
The company has changed 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 (%) |
| 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% |
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. The company specializes in facultative and treaty reinsurance solutions across various classes, including property, engineering, liability, marine, motor, life, and health.
The company is licensed under the number TMN/17/20087 and operates under the control ...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 5,052.50 |
| EPS ( ) (TTM) | 4.21 |
| Book Value (BV) ( Riyal) (Latest announcement) | 18.31 |
| Recurring P/E | 41.56 |
| Price/Book | 2.38 |
| Dividend Yield (%) (Last Year) | 0.00 |
| Return on Average Assets (%) (TTM) | 14.77 |
| Return on Average Equity (%) (TTM) | 29.22 |
| Shares Outstanding (M) | 115.83 |
| Par Value ( Riyal) | 10.00 |
| Return on Market Cap (%) | 8.25 |
Calendar :
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24 December
General Assembly
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26 December
IPO/ Subscription
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30 December
IPO/ Subscription
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12 May
General Assembly
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Call Request
Comments Analysis: