29/08/2024 Argaam Exclusive
AI Summary
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.
| Open | 26.18 |
| Low | 25.88 |
| High | 26.28 |
| Previous Close | 26.20 |
| Change (3M) | (14.36 %) |
| Change (6M) | (15.02 %) |
| Market Value | 4,415.06 |
| Avg. Volume (3M) | 882,313.02 |
| Avg. Turnover (3M) | 28,007,368.02 |
| Avg. Transaction (3M) | 3,223.08 |
| Change(12M) | (19.43 %) |
| YTD | (29.29 %) |
Saudi Re has tweaked its capital several times since listing on the Saudi Exchange (Tadawul), as shown below:
| 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% |
| Financial Ratio | Current |
| Market Cap (M Riyal) | 4,415.06 |
| EPS ( ) (TTM) | 0.71 |
| Book Value (BV) ( Riyal) (Latest announcement) | 12.91 |
| Recurring P/E | 37.22 |
| Price/Book | 2.04 |
| Dividend Yield (%) (Last Year) | 0.00 |
| Return on Average Assets (%) (TTM) | 3.21 |
| Return on Average Equity (%) (TTM) | 6.28 |
| Shares Outstanding (M) | 167.31 |
| Par Value ( Riyal) | 10.00 |
| Return on Market Cap (%) | 2.08 |
Fair Average Price
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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