Al Sagr shares close at lowest level since May 2020

Logo of Al Sagr Insurance Co.

Al Sagr Cooperative Insurance Co.’s stock reached rock bottom of SAR 25.20 today, Oct. 25.

 

The stock closed at its lowest level since May 2020, after almost one million shares were traded.

 

The Saudi Exchange (Tadawul) lifted today the trading suspension on Al Sagr following the disclosure of H1 2022 financial results.

 

Al Sagr’s shareholders recently approved reducing capital by 65% to SAR 140 million from SAR 400 million.

 

In 2008, Al Sagr was established and listed on the Saudi market.

 

It provides various insurance services, including potential risks, engineering risks, as well as marine hull, sea, air and land insurance, equipment, motor, workforce and civil liability. It also provides property and medical risk insurance.

 

Al Sagr's Stock Performance

Annual High (SAR)

51.16

Jan. 5, 2022

Annual Low (SAR)

25.20

Oct. 25, 2022

Historical High (SAR)

121.32

Oct. 12, 2009

Historical Low (SAR)

13.30

Dec. 3, 2008

Highest Traded Volume (mln shares)

51.16

Feb. 10, 2008 (Debut Date)

 *Stock price adjustments factored in after capital changes

 

The following table shows the key financial indicators:

 

Key Financial Indicators

Book Value (SAR)

1.67

P/V (x)

More than 50 times

 

Capital Changes

Date

Change Method

Old Capital

New Capital

Change

2022

Capital Reduction

400

140

(65%)

2018

Bonus Shares

250

400

60%

2013

Bonus Shares

200

250

25%

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