Al Rajhi Bank closes at lowest level since July 2021

Al Rajhi Bank tower

Shares of Al Rajhi Bank, listed under banking sector, closed in the red today, Feb. 27, tumbling 2% to their lowest levels since July 2021 at SAR 69.90 each.

During the session, nearly 7.7 million shares changed hands. The stock reached an intraday low of SAR 69.80.

Al Rajhi Bank started operation in 1957. The various individual institutions bearing Al Rajhi name were merged under one umbrella in 1978.

Al Rajhi Bank was established as a Saudi joint-stock company in 1988.

The bank opened the first branch for men in Aldirah, Riyadh, 1957, and the first women branch was inaugurated in 1979 in Al-Shumaisi district, Makkah.

Its core activities include Shariah-compliant commercial banking and investment services.

The bank carries out banking and investment business for its own account and for third parties (individuals or companies) inside and outside the Kingdom.

Al Rajhi Bank listed on the Saudi Exchange (Tadawul) on Dec. 1, 1988.

*Data amended according to capital amendments

The following table shows the key financial indicators:

The table below illustrates the bank’s capital developments, according to Tadawul website: