Tawuniya shares hit 2-year low

16/05/2022 Argaam Special
Logo ofTawuniya

Logo of Tawuniya


Shares of The Company for Cooperative Insurance (Tawuniya) dropped 5% to close at SAR 64.20, their lowest level since May 2020.

 

A total of 263,000 shares were traded.

 

The company announced today, May 16, its Q1 2022 financials, which reflected a decline of 66% year-on-year (YoY) to SAR 20 million from SAR 59.1 million.

 

Tawuniya was established in 1986 and listed on Tadawul in March 2005.

 

The firm specializes in cooperative insurance business, including reinsurance and agencies. It provides a full range of insurance services, including those related to vehicles, fires, property and various accidents. In addition, it covers marine, medical, engineering, aviation and energy sectors.

 

Tawuniya Share Performance

Annual High (SAR)

99.80

Aug. 9, 2021

Annual Low (SAR)

64.20

Today, May 16

Historical High (SAR)

106.00

Oct. 8, 2017

Historical Low (SAR)

9.90

Nov. 24, 2008

Highest Traded Volume (mln shares)

29.72

June. 1, 2005

 

Key Financial Indicators

EPS (Last 12 Months) (SAR)

1.82

P/E (Last 12 Months) (x)

35.27

Book Value (SAR)

23.38

P/B Ratio (x)

2.75

 

The company increased its capital three times, through bonus share distribution, to reach SAR 1.250 billion, as follows:

 

 

Capital Amendments (SAR mln)

Year

Method of Increase

Old Capital

New Capital

Change

2017

Bonus Share Distribution

1,000

1,250

25%

2013

Bonus Share Distribution

750

1,000

33%

2011

Bonus Share Distribution

500

750

50%

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