Shares of Al Rajhi Bank hit fresh all-time high

12/04/2022 Argaam Special
Logo ofAl Rajhi Bank

Logo of Al Rajhi Bank


Al Rajhi Bank stock, the heaviest weight on the market index, rose during Tuesday's, April 12, trading to its highest price since debut at SAR 172.

 

The stock is currently up more than 3%, with about 3.6 million shares traded so far.

 

Al Rajhi Bank commenced its operations in 1957. In 1978, all of the retail institutions under Al Rajhi brand were merged into one entity, Al Rajhi Trading and Exchange Corp. The bank was established as a Saudi shareholding company in 1988.

 

The bank's main activities are represented in carrying out banking and investment activities that are Sharia compliant.

 

The bank undertakes banking and investment activities for itself and third parties (retail and corporate) inside the Kingdom and abroad.

 

Al Rajhi Bank debuted on Tadawul on Dec. 1, 1988.

 

Stock Performance

Annual High (SAR) 

172

April 12, 2022

Annual Low (SAR) 

89.70

April 14, 2021

Historical High (SAR)

172

April 12, 2022

Historical Low (SAR) 

3.45

April 30, 1995

Highest Trading Volume (mln shares) 

79.66

Dec. 3, 2014

 

Key Financial Indicators

Earnings Per Share (last 12 months) (SAR) 

5.90

P/E (last 12 months) (x) 

29.15

Book value (SAR) 

26.92

P/B ratio (x) 

6.39

 

Al Rajhi Bank increased its capital six times through bonus issues, thus bringing it to SAR 25 billion.

 

Capital (SAR mln)

Date

Method  

Old Capital

New Capital

Change

2019

Bonus issue

16250

25000

54%

2014

Bonus issue

15000

16250

8%

2008

Bonus issue

13500

15000

11%

2007

Bonus issue

6750

13500

100%

2006

Bonus issue

4500

6750

50%

2005

Bonus issue

2250

4500

100%

 

The General Organization for Social Insurance (GOSI) is the largest shareholder in the bank, with a 9.61% stake.

 

Major Shareholders

Investor

%

GOSI

9.61%

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