Saudi Re shares hit highest price in 9 years

Logo of Saudi Re for Cooperative Reinsurance Co.

Shares of Saudi Re for Cooperative Reinsurance Co. (Saudi Re) hit their highest level since 2012 at SAR 18 today, June 16.

The stock closed with an increase of 7% at SAR 17.96 - the highest closing in nine years - amid intensive trading of nearly 17.74 million shares, its top level since 2012.

Accordingly, Saudi Re jumped 130% in one year.

Established in 2008, the company was listed on the Saudi Exchange on May 24, 2008. Saudi Re’s core business includes cooperative reinsurance and all related activities of reinsurance, agencies, representation, correspondence, or brokerage.

The company reduced capital once in 2018 from SAR 1 billion 1 to SAR 810 million.

The company reduced capital in 2018, from SAR 1 billion 1 to SAR 810 million.

Saudi Re Stock Performance
Annual High (SAR)	18.00	Today, June 16
Annual Low (SAR)	7.94	June 22, 2020
Historical High (SAR)	30.25	May 24, 2008 (first listing day)
Historical Low (SAR)	5.31	Oct. 3, 2016
Highest traded volume (mln share)	43.75	May 24, 2008 (first listing day)

The following table shows the most important financial indicators of the company:

Key Financial Indicators
EPS (last 12 months) (SAR)	0.68
Operating P/E (last 12 months) (x)	26.41
Book Value (SAR)	11.63
P/B Ratio (x)	1.54

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