Logo of Saudi Enaya Cooperative Insurance Co.
Shares of Saudi Enaya Cooperative Insurance Co. leapt today, May 25, 2021, to hit their highest close since 2017 at SAR 51.10, with trades exceeding 4 million shares.
The stock is up more than 200% in a year.
On April 29, 2021, Saudi Enaya signed a binding merger agreement with Amana Cooperative Insurance Co., under which the former will be merged into the latter.
Established in 2012, Saudi Enaya was listed on the Saudi Stock Exchange (Tadawul) on Feb. 27, 2012. The company focuses on the cooperative health insurance business.
Saudi Enaya Share Performance |
||
Annual high (SAR) |
51.10 |
May 25, 2021 |
Annual low (SAR) |
16.64 |
May 31, 2020 |
Historical high (SAR) |
371.50 |
July 1, 2012 |
Historical low (SAR) |
14.72 |
March 12, 2020 |
Highest trading (mln shares) |
12.45 |
Feb. 27, 2012 (Listing Date) |
Key Financial Indicators |
|
EPS (last 12 months) (SAR) |
(2.63) |
P/E (last 12 months) (x) |
Negative |
Book Value (SAR) |
6.59 |
P/B ratio (x) |
7.75 |
The insurer executed four adjustments to its capital by raising it one time through a rights issue and decreasing it thrice, bringing its current capital to SAR 150 million, as the following table shows:
Saudi Enaya Capital |
|||
Year |
Old Capital |
New Capital |
Variation |
2020 |
300 |
150 |
(50%) |
2018 |
100 |
300 |
+200% |
2018 |
200 |
100 |
(50%) |
2016 |
400 |
200 |
(50%) |
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