Al Rajhi Takaful hits highest close since debut

18/05/2023 Argaam Special
Logo of Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful)

Logo of Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful)


Shares of Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) rose today, May 18, by more than 7% to SAR 119 apiece – the highest since its debut.

 

The stock recorded an intraday high of SAR 122, with a traded volume of nearly 727,000 shares.

 

The company’s board of directors recommended increasing capital by 150%, through capitalizing SAR 600 million retained earnings, and distributing 1.5 bonus shares for every share held, Argaam reported.

 

Established in 2008, Al Rajhi Takaful was listed on the Saudi Stock Exchange (Tadawul) in 2009.

 

The company carries out insurance activity in Saudi Arabia, including general insurance, health insurance, protection and savings insurance.

 

Al Rajhi Takaful Share Performance

Annual high (SAR)

122.00

Today, May 18, 2023

Annual low (SAR)

66.70

May 26, 2022

Historical high (SAR)

122.00

Today, May 18, 2023

Historical low (SAR)

13.15

March 5, 2011

Highest trading volume (mln shares)

26.62

July 13, 2009 (Listing date)

 

Key Financial Indicators

EPS (last 12 months) (SAR)

2.24

P/E (last 12 months) (x)

Greater than 50

Book value (SAR)

32.68

P/B ratio (x)

3.64

Nominal value

10

 

Amendments to Capital (SAR mln)

Date

Hike Method

Old Capital

New Capital

Variation

2015

Rights issue

200

400

+100%

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