Al Rajhi Bank shares hit highest level since 2006

10/10/2021 Argaam Special

A branch of Al Rajhi Bank


Shares of Al Rajhi Bank recorded today, Oct. 10, their highest level in 15 years, or since April 2006, at SAR 135.20.

 

The stock closed today’s session more than 3% higher at SAR 134.20 – its highest level since 2006, with a trading volume of around 4.1 million shares.

 

Accordingly, the stock rose more than 80% year-to-date (YTD).  

 

Al Rajhi Bank was founded in 1957. In 1978, Al Rajhi Bank merged the various individual establishments under its name into the umbrella of Al Rajhi Trading and Exchange Corporation. The bank was established as a Saudi joint stock company in 1988.

 

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

 

Al Rajhi Bank is committed to Shariah-compliant investment as well as banking products, both locally and internationally, for itself or third parties.

 

Al Rajhi Bank shares were listed on the Saudi Stock Exchange (Tadawul) on Dec. 1, 1988, according to data on Tadawul.

 

Stock Performance

Annual High (SAR)

135.20

Today, Oct. 10, 2021

Annual Low (SAR)

65.00

Nov. 1, 2020

Historical High (SAR)

154.30

Feb. 26, 2006

Historical Low (SAR)

3.45

April 30, 1995

Highest Trading Volumes (mln shares)

79.66

Dec. 3, 2014

 

Key Performance Indicators

Earnings Per Share (last 12 months) (SAR)

5.09

Operating P/E (last 12 months) (x)

26.37

Book Value (SAR)

23.87

P/B (x)

5.62

 

Al Rajhi Bank increased capital six times via bonus share distributions to finally reach SAR 25 billion.

 

Al Rajhi Bank Capital Amendments (SAR mln)

Date

Method

Old Capital

New Capital

Change

2019

Bonus Shares

16250

25000

54%

2014

Bonus Shares

15000

16250

8%

2008

Bonus Shares

13500

15000

11%

2007

Bonus Shares

6750

13500

100%

2006

Bonus Shares

4500

6750

50%

2005

Bonus Shares

2250

4500

100%

 

The General Organization of Social Insurance (GOSI) is the major shareholder in Al Rajhi Bank, as it owns a stake of 9.61%.

 

Major Shareholders

Shareholder

Percentage

GOSI

9.61%

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