Bank Albilad closes at highest price in 14 months
Bank Albilad’s stock rose 1% today, Feb. 5, to SAR 45.90, notching its highest close since December 2022 on the Saudi Exchange (Tadawul).
It hit an intraday high of SAR 48.15.
Year High (SAR) | Year Low (SAR) |
38.52 | 28.20 |
Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
48.32 | 3.95 |
Bank Albilad made several capital changes by distributing bonus shares.
Market Data :
Open | 36.60 |
Low | 36.30 |
High | 36.75 |
Previous Close | 36.80 |
Change (3M) | 0.14 % |
Change (6M) | 2.24 % |
Market Value | 45,687.50 |
Avg. Volume (3M) | 1,256,950.60 |
Avg. Turnover (3M) | 47,279,046.12 |
Avg. Transaction (3M) | 3,124.46 |
Change(12M) | 21.51 % |
YTD | 0.52 % |
Today, the bank announced the board’s recommendation to increase capital by 25%, through a one-for-four bonus issue.
Bank Albilad’s profit rose to SAR 2.36 billion, or 14%, by the end of 2023, compared to SAR 2.08 billion in 2022.
Adjustments to the capital (M Riyal) :
Date | Type | Capital (M Riyal) | Change (%) |
2024 | Split | 12,500.00 | 25.00% |
2022 | Split | 10,000.00 | 33.33% |
2019 | Split | 7,500.00 | 25.00% |
2016 | Split | 6,000.00 | 20.00% |
2015 | Split | 5,000.00 | 25.00% |
2013 | Split | 4,000.00 | 33.33% |
2005 | IPO | 3,000.00 | 100.00% |
Financial Performance :
Overview :
Al-Bilad bank was founded in 2004 as full-fledged Islamic banking services provider. The bank affiliate "Al-Bilad Investment" also provides finance, investment, brokerage services and assets management.
Financial Ratios :
Financial Ratio | Current |
Market Cap (M Riyal) | 45,687.50 |
Shares Outstanding ((M)) | 1,250.00 |
EPS ( | ) (TTM)2.10 |
Book Value (BV) ( Riyal) (Latest announcement) | 12.91 |
Adjusted P/E (Last12) | 17.41 |
Price/book | 2.83 |
Dividend Yield (%) (Last Year) | 1.09 |
Return on Average Assets (%) (TTM) | 1.80 |
Return on Average Equity (%) (TTM) | 17.07 |
EPS Diluted ( Riyal) | 2.11 |
Par Value ( Riyal) | 10.00 |
Calendar :
-
29 April
Ex-dividend Date
- -
29 April
General Assembly
- -
29 April
Eligibility for bonus shares
- -
16 May
Cash Dividend Distribution
- -
12 September
Ex-dividend Date
- -
03 October
Cash Dividend Distribution
-
Analyst Estimates :
37.63
Fair Average Price
3
Number of Recommendations
Rating | Research firm | Current Price | Target Price | Change | |
Neutral | AlJazira Capital | 36.24 | 33.20 | (8.39 %) | |
Overweight | SNB Capital | 34.00 | 39.68 | 16.71 % | |
Buy | YAQEEN | 36.32 | 40.00 | 10.13 % |
Call Request
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