Alinma Bank closes at all-time high

15/01/2024 Argaam Exclusive

Alinma Bank’s stock rose 2% today, Jan. 15, to finish at SAR 42.60, notching the highest close since its debut on TASI. Nearly 5.8 million shares were traded. 

Year High (SAR) Year Low (SAR)
34.32 21.92
Highest Since Debut (SAR) Lowest Since Debut (SAR)
34.32 5.25

The stock hit an intraday high of SAR 42.90.

 

Accordingly, the stock's three-month gains exceeded 30%.

Market Data :

Open 28.05
Low 27.60
High 28.10
Previous Close 28.00
Change (3M) (14.81 %)
Change (6M) (10.53 %)
Market Value 69,000.00
Avg. Volume (3M) 7,400,506.37
Avg. Turnover (3M) 214,909,197.77
Avg. Transaction (3M) 10,787.91
Change(12M) (1.71 %)
YTD (10.74 %)

The bank amended its capital once in 2020 through a bonus share distribution.

 

Recently, Alinma Bank’s board recommended a 25% capital hike through bonus shares. However, the extraordinary general meeting (EGM) has not been convened yet for approval.

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2024 Split   25,000.00 25.00%
2020 Split   20,000.00 33.33%
2008 IPO   15,000.00 0.00%

Financial Performance :

Overview :

Alinma Bank was founded in 2006 as full-fledged Islamic banking services provider. Alinma also provides finance, investment business, assets management and brokerage services through its affiliate "Alinma Investment".


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 69,000.00
Shares Outstanding ((M)) 2,500.00
EPS ( Riyal) (TTM) 2.25
Book Value (BV) ( Riyal) (Latest announcement) 12.96
Adjusted P/E (Last12) 12.27
Price/book 2.13
Dividend Yield (%) (Last Year) 2.45
Return on Average Assets (%) (TTM) 2.25
Return on Average Equity (%) (TTM) 18.48
EPS Diluted ( Riyal) 2.13
Par Value ( Riyal) 10.00


Analyst Estimates :

33.06

Fair Average Price

4

Number of Recommendations

Rating Research firm Current Price Target Price Change
Neutral SNB Capital 30.24 33.68 11.38 %
Buy YAQEEN 32.96 37.52 13.83 %
Hold FAB Securities 28.68 30.40 6.00 %
Overweight SNB Capital 26.28 30.64 16.59 %

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