Company Saudi Reinsurance Company

Equities

8200

SA1210540419

Reinsurance

End-of-day quote Saudi Arabian S.E. 07:00:00 2024-03-26 pm EDT 5-day change 1st Jan Change
25.55 SAR -0.20% Intraday chart for Saudi Reinsurance Company -8.75% +37.37%

Business Summary

Saudi Reinsurance Company SJSC formerly Saudi Re For Cooperative Reinsurance Company is a Saudi Arabia-based entity that engaged in providing insurance and reinsurance services. The Company has nine segments which include Engineering segment provides risks cover for machinery and for the works and liability cover. Fire insurance cover fire, flood, earthquake, and other external perils. Marine insurance covers cargo, terminals and ships or other means of transport of cargo. Motor insurance cover motor vehicles involved in accidents. Protection includes term and credit life insurance. General accidents cover money, liabilities, and personal accidents. Health segment provides health insurance. Specialty includes company's participation in writing worldwide property, marine, energy, specialty, and liability insurance. Others cover Aviation, Energy, Agriculture and Political Risks.

Sales per Business

SAR in Million2021Weight2022Weight Delta
Fire
26.9 %
205 23.5 % 253 26.9 % +23.38%
Speciality
15.8 %
146 16.7 % 149 15.8 % +2.50%
Others
14.8 %
137 15.7 % 140 14.8 % +1.92%
Motor
11.4 %
77 8.9 % 107 11.4 % +38.37%
Health
9.8 %
78 8.9 % 92 9.8 % +18.70%
Engineering
8.0 %
72 8.2 % 75 8.0 % +4.78%
Marine
6.7 %
64 7.3 % 63 6.7 % -1.87%
General Accident
4.4 %
28 3.3 % 41 4.4 % +44.96%
Protection
2.2 %
67 7.7 % 21 2.2 % -68.64%
Inherent Defects Insurance
0.1 %
- - 1 0.1 % -

Sales per region

SAR in Million2021Weight2022Weight Delta
Saudi Arabia
36.3 %
309 35.3 % 342 36.3 % +10.73%
Asia
30.5 %
291 33.2 % 288 30.5 % -1.02%
Other Territories
16.0 %
147 16.8 % 151 16.0 % +2.23%
Other Middle Eastern Countries
13.0 %
91 10.4 % 122 13.0 % +34.54%
Africa
4.2 %
37 4.2 % 40 4.2 % +9.34%

Managers

Managers TitleAgeSince
Chief Executive Officer 55 11-03-06
Director of Finance/CFO 64 09-12-31
Chief Administrative Officer - 19-03-31
Chief Operating Officer - 10-12-31
Chief Investment Officer - 19-01-31
Chief Tech/Sci/R&D Officer 49 08-12-31
Corporate Officer/Principal - 13-12-31
Comptroller/Controller/Auditor - 12-10-31

Members of the board

Members of the board TitleAgeSince
Shariah Board Member - 11-04-30
Director/Board Member 81 07-12-31
Shariah Board Member - 11-04-30
Chairman - 10-12-31
Director/Board Member - 17-05-10
Director/Board Member 51 23-05-10
Director/Board Member - 20-05-09
Director/Board Member - 20-05-09
Director/Board Member - 20-05-09
Director/Board Member - 23-05-10

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 89,100,000 84,645,000 ( 95.00 %) 0 95.00 %

Shareholders

NameEquities%Valuation
Ahmad Hamad Algosaibi & Bros. Co.
5.000 %
4,455,000 5.000 % 31 M ﷼
579,100 0.6499 % 4 M ﷼
356,300 0.3999 % 2 M ﷼
233,635 0.2622 % 2 M ﷼
Akarsh Musa Abdulaziz Abdullah Bin
0.1263 %
112,528 0.1263 % 780 132 ﷼
Nykredit Bank A/S (Investment Management)
0.0525 %
46,752 0.0525 % 324 121 ﷼
Dimensional Fund Advisors Ltd.
0.0281 %
25,009 0.0281 % 173 382 ﷼
DFA Australia Ltd.
0.0108 %
9,586 0.0108 % 66 458 ﷼

Company contact information

Saudi Reinsurance Co.

Northern Ring Road Al Wadi

13313, Riyadh

+966 11 510 2000

http://www.saudire.net
address Saudi Reinsurance Company(8200)

Sales per Business

Sales per region

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
25.55 SAR
Average target price
21.3 SAR
Spread / Average Target
-16.63%
Consensus

Annual profits - Rate of surprise