Al Rajhi Bank finishes at 10-month peak

10/12/2023 Argaam Exclusive

Al Rajhi Bank’s stock rose 3% today, Dec. 10, to stand at SAR 78.50, notching its highest close since February, on the Saudi Exchange (Tadawul).

 

Nearly 6.2 million shares were traded.

 

Al Rajhi Bank hit an intraday high of SAR 78.60.

Highest per Year (Riyal) Lowest per Year (Riyal)
82.30 63.10
Highest since listing (Riyal) Lowest since listing (Riyal)
117.40 2.16

With today’s leap, Al Rajhi Bank gains in nearly two months reached roughly 16%.

Market Data :

Open 89.00
Low 87.90
High 89.50
Previous Close 89.10
Change (3M) 10.85 %
Change (6M) (1.88 %)
Market Value 355,600.00
Avg. Volume (3M) 4,897,397.07
Avg. Turnover (3M) 400,456,315.70
Avg. Transaction (3M) 8,992.27
Change(12M) 22.28 %
YTD 2.77 %

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) 355,600.00
Shares Outstanding ((M)) 4,000.00
EPS ( Riyal) (TTM) 4.36
Book Value (BV) ( Riyal) (Latest announcement) 23.47
Adjusted P/E (Last12) 20.40
Price/book 3.79
Dividend Yield (%) (Last Year) 2.59
Return on Average Assets (%) (TTM) 2.11
Return on Average Equity (%) (TTM) 19.30
EPS Diluted ( Riyal) 4.14
Par Value ( Riyal) 10.00


Analyst Estimates :

92.13

Fair Average Price

4

Number of Recommendations

Rating Research firm Current Price Target Price Change
Buy YAQEEN 86.80 99.40 14.52 %
Aggregate FAB Securities 85.30 95.00 11.37 %
Buy Riyad Capital 70.60 82.00 16.15 %
Under Review U-Capital 64.00 -

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