- Naranj Research Desk
- 🇸🇦 Saudi Stock Market
- 🇺🇸 USA Stock Market
Saudi Reinsurance Company offers a diverse range of reinsurance products across the Kingdom of Saudi Arabia, as well as in other regions including the Middle East, Africa, Asia, and globally. The company is structured into five key segments: Property and Casualty, Motor, Protection, Health, and Inherent Defects Insurance. Its product offerings encompass engineering, fire, marine, motor, general accident, specialty, whole account, aviation, energy, agriculture, political risk, term and credit life, health, and inherent defects insurance. Previously known as Saudi Re for Cooperative Reinsurance, the company was established in 2008 and is headquartered in Riyadh, Saudi Arabia.
SAUDI RE — TASI —
Current RSI of this stock is 65.53, which indicates the strength of buyers.
MACD line has just crossed the signal line from the below, generates bullish signal.
The short length exponential moving average (10 EMA) has just crossed the long length Exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.
Based on our stock trading advice in Saudi Arabia, Saudi Reinsurance Company stock price target will be SAR 51.5 - SAR 52 in the next 12-14 trading sessions.
