Bank Albilad closes at highest price in 14 months

05/02/2024 Argaam Exclusive

Bank Albilad’s stock rose 1% today, Feb. 5, to SAR 45.90, notching its highest close since December 2022 on the Saudi Exchange (Tadawul).

 

It hit an intraday high of SAR 48.15.

Year High (SAR) Year Low (SAR)
38.52 28.20
Highest Since Debut (SAR) Lowest Since Debut (SAR)
48.32 3.95

Bank Albilad made several capital changes by distributing bonus shares.

Market Data :

Open 35.65
Low 35.40
High 35.80
Previous Close 35.65
Change (3M) (8.38 %)
Change (6M) 6.12 %
Market Value 44,437.50
Avg. Volume (3M) 1,131,414.35
Avg. Turnover (3M) 42,214,167.37
Avg. Transaction (3M) 3,171.46
Change(12M) 18.03 %
YTD (2.23 %)

Today, the bank announced the board’s recommendation to increase capital by 25%, through a one-for-four bonus issue.

 

Bank Albilad’s profit rose to SAR 2.36 billion, or 14%, by the end of 2023, compared to SAR 2.08 billion in 2022.

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2024 Split   12,500.00 25.00%
2022 Split   10,000.00 33.33%
2019 Split   7,500.00 25.00%
2016 Split   6,000.00 20.00%
2015 Split   5,000.00 25.00%
2013 Split   4,000.00 33.33%
2005 IPO   3,000.00 100.00%

Financial Performance :

Overview :

Al-Bilad bank was founded in 2004 as full-fledged Islamic banking services provider. The bank affiliate "Al-Bilad Investment" also provides finance, investment, brokerage services and assets management.


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 44,437.50
Shares Outstanding ((M)) 1,250.00
EPS ( Riyal) (TTM) 2.10
Book Value (BV) ( Riyal) (Latest announcement) 12.91
Adjusted P/E (Last12) 16.94
Price/book 2.75
Dividend Yield (%) (Last Year) 1.13
Return on Average Assets (%) (TTM) 1.80
Return on Average Equity (%) (TTM) 17.07
EPS Diluted ( Riyal) 2.11
Par Value ( Riyal) 10.00


Analyst Estimates :

37.63

Fair Average Price

3

Number of Recommendations

Rating Research firm Current Price Target Price Change
Neutral AlJazira Capital 36.24 33.20 (8.39 %)
Overweight SNB Capital 34.00 39.68 16.71 %
Buy YAQEEN 36.32 40.00 10.13 %

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