Shares of Banque Saudi Fransi hit highest close since 2008

04/11/2021 Argaam Special

Logo of Banque Saudi Fransi


Shares of Banque Saudi Fransi (BSF) hit their highest price since 2008, at SAR 45.55, today, Nov. 4.

 

The stock closed today's session 3% higher at SAR 45.50 (the highest close since 2008), with a traded volume of 383,500 shares.

 

Accordingly, the stock soared more than 120% since March 2020 and 23% since the beginning of current year, according to Saudi Exchange (Tadawul) data.

 

Banque Saudi Fransi was established by Royal Decree No. M/23 in June 1977. It officially started its business on Dec. 11, 1977, after Indochina Bank and Suez Bank’s operations were transferred to it.

 

Banque Saudi Fransi Stock Performance

Annual high (SAR)

45.55

Nov. 4, 2021

Annual low (SAR)

27.80

Feb. 28, 2021

Historical high (SAR)

60.50

Dec. 14, 2005

Historical low (SAR)

2.32

May 1, 1995

Highest trading volume (mln shares)

195.41

Sept. 20, 2017

 

Key Financial Indicators

Earnings Per Share (last 12 months) (SAR)

2.12

P/E (last 12 months) (x)

21.49

Book Value (SAR)

28.42

P/B ratio (x)

1.60

 

The bank increased its capital six times, bringing the current capital to SAR 12.05 billion, as the following table shows:

 

Amendments to Capital (SAR mln)

Date

Hike Method

Old Capital

New Capital

Variation

2014

Bonus Shares

9040.18

12053.57

33.3 %

2012

Bonus Shares

7232.14

9040.18

25.0 %

2009

Bonus Shares

5625.00

7232.14

28.6 %

2007

Bonus Shares

3375.00

5625.00

66.7 %

2003

Bonus Shares

2250.00

3375.00

50.0 %

2003

Bonus Shares

1800.00

2250.00

25.0 %

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