Al Rajhi Bank closes at lowest level since May 2021

23/10/2023 Argaam Exclusive

Shares of Al Rajhi Bank sank to their lowest price since May 2021, at SAR 63.10, today, Oct. 23.

Year High (SAR) Year Low (SAR)
88.30 63.10
Highest Since Debut (SAR) Lowest Since Debut (SAR)
117.40 2.16

The stock closed 1% lower at SAR 63.50, hitting a fresh low since May 17, 2021, with 5.9 million shares traded.  

 

Accordingly, the stock lost 16% year-to-date and 11% during the last three months.

Market Data :

Open 88.00
Low 87.60
High 88.10
Previous Close 88.00
Change (3M) 3.53 %
Change (6M) 10.28 %
Market Value 352,000.00
Avg. Volume (3M) 4,503,078.12
Avg. Turnover (3M) 389,256,771.86
Avg. Transaction (3M) 9,796.58
Change(12M) 25.71 %
YTD 1.73 %

The lender increased its capital nine times by issuing bonus shares, as indicated in the following table: 

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2022 Split   40,000.00 60.00%
2019 Split   25,000.00 53.85%
2014 Split   16,250.00 8.33%
2008 Split   15,000.00 11.11%
2007 Split   13,500.00 100.00%
2006 Split   6,750.00 50.00%
2005 Split   4,500.00 100.00%
1998 Split   2,250.00 50.00%
1991 Split   1,500.00 100.00%

Financial Performance :

Overview :

Al Rajhi bank provides Islamic banking and investment services through its affiliate "Al Rajhi Capital". The bank owns "Al Rajhi Ltd." in Malaysia and "AlRajhi Bank" in Kuwait.  Al Rajhi Investment bank was founded in 1987.


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 352,000.00
Shares Outstanding ((M)) 4,000.00
EPS ( Riyal) (TTM) 4.59
Book Value (BV) ( Riyal) (Latest announcement) 23.81
Adjusted P/E (Last12) 19.15
Price/book 3.70
Dividend Yield (%) (Last Year) 2.61
Return on Average Assets (%) (TTM) 2.16
Return on Average Equity (%) (TTM) 20.30
EPS Diluted ( Riyal) 4.37
Par Value ( Riyal) 10.00


Analyst Estimates :

82.57

Fair Average Price

4

Number of Recommendations

Rating Research firm Current Price Target Price Change
Under Review U-Capital 64.00 -
Overweight AlJazira Capital 72.30 85.70 18.53 %
Neutral Citi Bank Group 72.60 80.00 10.19 %
Neutral Riyad Capital 73.90 82.00 10.96 %

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