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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 | 32.38 |
| Low | 31.74 |
| High | 32.68 |
| Previous Close | 32.38 |
| Change (3M) | 1.11 % |
| Change (6M) | 10.21 % |
| Market Value | 5,406.75 |
| Avg. Volume (3M) | 836,314.75 |
| Avg. Turnover (3M) | 27,026,301.46 |
| Avg. Transaction (3M) | 3,017.29 |
| Change(12M) | 32.78 % |
| YTD | (13.41 %) |
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 | 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) | 5,406.75 |
| EPS ( ) (TTM) | 2.91 |
| Book Value (BV) ( Riyal) (Latest announcement) | 12.67 |
| Recurring P/E | 44.47 |
| Price/Book | 2.55 |
| Dividend Yield (%) (Last Year) | 0.00 |
| Return on Average Assets (%) (TTM) | 14.77 |
| Return on Average Equity (%) (TTM) | 29.22 |
| Shares Outstanding (M) | 167.31 |
| Par Value ( Riyal) | 10.00 |
| Return on Market Cap (%) | 5.63 |
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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