- Naranj Research Desk
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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 71.53, which indicates the strength of buyers.
Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.
MACD line has just crossed the signal line from the below, generates bullish signal.
Based on our Saudi Tadawul stocks advice, Saudi Reinsurance stock price target will be SAR 48 - SAR 48.75 in the next 12-14 trading sessions.
