Al Rajhi Takaful closes at highest level since debut

29/02/2024 Argaam Exclusive

Shares of Al-Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) ended 10% higher today, Feb. 29, at SAR 84.70, the highest closing since listing on the Saudi Exchange (Tadawul) after about 1.3 million shares were traded.

Year High (SAR) Year Low (SAR)
84.70 38.00
Highest Since Debut (SAR) Lowest Since Debut (SAR)
84.70 5.27

Following today’s gain, the stock has added more than 90% over the past 12 months.

Market Data :

Open 79.25
Low 76.30
High 80.10
Previous Close 79.30
Change (3M) (36.28 %)
Change (6M) (37.67 %)
Market Value 7,685.00
Avg. Volume (3M) 186,787.55
Avg. Turnover (3M) 18,338,207.62
Avg. Transaction (3M) 1,731.02
Change(12M) (56.53 %)
YTD (1.22 %)

The company made several capital adjustments including a bonus issue and two rights issues.

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2023 Split   1,000.00 150.00%
2015 Right Issue   400.00 100.00%
2009 IPO   200.00 42.86%

Al Rajhi Takaful’s profit rose to SAR 328.1 million in 2023, compared to SAR 72.4 million in 2022, while the profit of Q4 2023 amounted to nearly SAR 109 million

Overview :

The company was established in Riyadh in 2008 as a Saudi joint-stock company with capital of SAR 200 million. The company's shares were listed and commenced trading on the Main Market (TASI) the following year. The company provides insurance services across four key business segments: the medical insurance segment, the comprehensive motor insurance segment, which represents the largest source of the company's revenue, the property and accident segment, and the protection and savings s...


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 7,685.01
EPS ( Riyal) (TTM) 3.37
Book Value (BV) ( Riyal) (Latest announcement) 23.48
Recurring P/E 22.81
Price/Book 3.27
Dividend Yield (%) (Last Year) 0.00
Return on Average Assets (%) (TTM) 2.69
Return on Average Equity (%) (TTM) 15.51
Shares Outstanding (M) 100.00
Par Value ( Riyal) 10.00
Return on Market Cap (%) 2.78


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