Al Sagr shares close at lowest level since May 2020

Logo of Al Sagr Insurance Co.

Al Sagr Cooperative Insurance Co.’s stock reached rock bottom of SAR 25.20 today, Oct. 25.

The stock closed at its lowest level since May 2020, after almost one million shares were traded.

The Saudi Exchange (Tadawul) lifted today the trading suspension on Al Sagr following the disclosure of H1 2022 financial results.

Al Sagr’s shareholders recently approved reducing capital by 65% to SAR 140 million from SAR 400 million.

In 2008, Al Sagr was established and listed on the Saudi market.

It provides various insurance services, including potential risks, engineering risks, as well as marine hull, sea, air and land insurance, equipment, motor, workforce and civil liability. It also provides property and medical risk insurance.

 *Stock price adjustments factored in after capital changes

The following table shows the key financial indicators: