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Saudi Re hits highest price since debut
29/08/2024
Argaam Exclusive
AI Summary
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Shares of Saudi Reinsurance Co. (Saudi Re) hit an all-time high today, Aug. 29, at SAR 41.25.
The stock rose 0.3% today to SAR 39.70.
| Year High (SAR) | Year Low (SAR) |
| 28.14 | 10.71 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 28.14 | 3.29 |
With today’s hike, the stock has gained more than 110% since the beginning of 2024.
Market Data :
| Open | 28.60 |
| Low | 28.06 |
| High | 28.76 |
| Previous Close | 28.70 |
| Change (3M) | 9.77 % |
| Change (6M) | 5.36 % |
| Market Value | 4,809.02 |
| Avg. Volume (3M) | 923,869.66 |
| Avg. Turnover (3M) | 24,809,882.82 |
| Avg. Transaction (3M) | 2,857.74 |
| Change(12M) | (16.94 %) |
| YTD | 5.59 % |
Saudi Re has tweaked 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 | Bonus Shares | 1,698.10 | 46.60% |
| 2024 | Private Offering | 1,158.30 | 30.00% |
| 2022 | Right Issue Cancelled | 1,336.50 | 50.00% |
| 2021 | Bonus Shares | 891.00 | 10.00% |
| 2018 | Bonus Shares | 810.00 | (19.00%) |
| 2008 | IPO | 1,000.00 | 66.67% |
Overview :
Established in 2007 as a Saudi joint-stock company under the name Saudi Reinsurance Cooperative Co. with capital of SAR 1 billion, the firm was converted into a public joint-stock company the following year. In 2021, the company was rebranded to its current name, Saudi Reinsurance Co.
Activities and Business Segment
The company provides reinsurance services and related activities inside and outside the Kingdom of Saudi Arabia across several business segments, including the property and cas...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 4,809.02 |
| Recurring EPS ( Riyal) (TTM) | 0.96 |
| Book Value (BV) ( Riyal) (Latest announcement) | 14.10 |
| Recurring P/E (TTM) | 30.03 |
| Price/Book | 2.04 |
| Dividend Yield (%) (Last Year) | - |
| Return on Average Assets (%) (TTM) | 4.77 |
| Return on Average Equity (%) (TTM) | 9.54 |
| Shares Outstanding (M) | 167.31 |
| Par Value ( Riyal) | 10.00 |
| Return on Market Cap (%) | 4.88 |
Calendar :
-
24 December
General Assembly
- -
26 December
IPO/ Subscription
- -
30 December
IPO/ Subscription
- -
12 May
General Assembly
- -
09 October
Ex-dividend Date
- -
09 October
General Assembly
-
Analyst Estimates :
24.56
Fair Average Price
1
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Overweight | Al Rajhi Capital | 21.28 | 24.56 | 15.38 % |
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