Shares of Al Rajhi Bank hit all-time high

17/04/2022 Argaam Special

Logo of Al Rajhi Bank


Shares of Al Rajhi Bank ended today’s session 4% higher at SAR 177.60, its highest close since listing, with a robust traded volume of nearly 5.8 million shares.

 

The stock hit a fresh all-time high of SAR 179.40 during the session.

 

Al Rajhi Bank was founded in 1957. Later in 1978, Al Rajhi’s various sole proprietorships were merged together as Al Rajhi Banking Trading Co. It was established as a Saudi joint stock company in 1988.

 

The bank opened its first men's branch at Deira district, Riyadh in 1957 and the first women's branch at Al-Shemaysi neighborhood in 1979.

 

The lender carries out a full range of Shariah-compliant banking and investment operations for own or third-party purposes locally and overseas.

 

The bank was listed on the Saudi Stock Exchange (Tadawul) on Dec. 1, 1988.

 

Al Rajhi Stock Performance

Annual High (SAR)

179.40

Today, April 17

Annual Low (SAR)

93.60

April 19, 2021

Historical High (SAR)

179.40

Today, April 17

Historical Low (SAR)

3.45

April 30, 1995

Highest Trading Volume (mln shares)

79.66

Dec. 3, 2014

 

The following table shows the bank’s key financial indicators:

 

Key Financial Indicators

Earnings Per Share (last 12 months) (SAR)

5.90

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

30.10

Book Value (SAR)

26.92

P/B Ratio (x)

6.60

 

The bank increased its capital six times through issuing bonus shares to reach SAR 25 billion currently.

 

Capital Amendments (SAR mln)

Date

Method

Previous 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 for Social Insurance (GOSI) is the major shareholder in Al Rajhi Bank with a stake of 9.61%.

 

Major Shareholders

Shareholder

Stake

GOSI

9.61%

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