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Saudi Re closes at all-time high
05/03/2024
Argaam Exclusive
AI Summary
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Shares of Saudi Reinsurance Co. (Saudi Re), listed under the insurance sector, closed today, March 5, at the highest level since listing at SAR 27.50 per share.
The stock hit an intraday high of 27.75.
| Year High (SAR) | Year Low (SAR) |
| 27.75 | 14.06 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 27.75 | 4.83 |
Today's rise brings the stock's year-to-date gains to 40%.
Market Data :
| Open | 46.50 |
| Low | 45.74 |
| High | 46.70 |
| Previous Close | 46.66 |
| Change (3M) | (2.56 %) |
| Change (6M) | (11.29 %) |
| Market Value | 5,332.81 |
| Avg. Volume (3M) | 581,861.77 |
| Avg. Turnover (3M) | 27,505,606.54 |
| Avg. Transaction (3M) | 2,870.26 |
| Change(12M) | 22.61 % |
| YTD | (14.58 %) |
Saudi Re has made several capital adjustments since listing, as detailed in the table 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) | 5,332.81 |
| EPS ( ) (TTM) | 4.21 |
| Book Value (BV) ( Riyal) (Latest announcement) | 18.31 |
| Recurring P/E | 43.86 |
| Price/Book | 2.51 |
| 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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12 May
General Assembly
- -
24 December
General Assembly
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26 December
IPO/ Subscription
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30 December
IPO/ Subscription
- -
12 May
General Assembly
-
Call Request
Comments Analysis: