Al Rajhi Bank hits highest level since June 2022

07/11/2024 Argaam Exclusive

Shares of Al Rajhi Bank reached their highest level in two and a half years (June 2022) at SAR 92.90 today, Nov. 7, on the Saudi Exchange (Tadawul).
 
The stock advanced 2%, with nearly 2.5 million shares changed hands so far.

Therefore, the stock has gained approximately 30% in 12 months.

Year High (SAR) Year Low (SAR)
93.00 69.80
Highest Since Debut (SAR) Lowest Since Debut (SAR)
117.40 2.16

Al Rajhi Bank made several changes to its capital as follows:

Market Data :

Open 91.00
Low 91.00
High 93.00
Previous Close 90.90
Change (3M) 6.94 %
Change (6M) 13.20 %
Market Value 370,800.00
Avg. Volume (3M) 4,616,424.02
Avg. Turnover (3M) 400,637,880.29
Avg. Transaction (3M) 10,047.05
Change(12M) 29.12 %
YTD 5.09 %

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) 370,800.00
Shares Outstanding ((M)) 4,000.00
EPS ( Riyal) (TTM) 4.59
Book Value (BV) ( Riyal) (Latest announcement) 23.73
Adjusted P/E (Last12) 20.18
Price/book 3.91
Dividend Yield (%) (Last Year) 2.48
Return on Average Assets (%) (TTM) 2.16
Return on Average Equity (%) (TTM) 20.34
EPS Diluted ( Riyal) 4.37
Par Value ( Riyal) 10.00


Analyst Estimates :

92.41

Fair Average Price

14

Number of Recommendations

Rating Research firm Current Price Target Price Change
Neutral Riyad Capital 84.90 82.00 (3.42 %)
Overweight AlJazira Capital 84.90 102.00 20.14 %
Neutral Riyad Capital 85.80 82.00 (4.43 %)
Neutral Sico 84.00 96.00 14.29 %
Overweight AlJazira Capital 80.10 102.00 27.34 %
Hold United Securities Company 88.70 92.00 3.72 %
Neutral Citi Bank Group 88.70 98.50 11.05 %
Buy Bank of America 88.50 111.00 25.42 %
Hold Arqaam Capital 88.60 73.50 (17.04 %)
Overweight Morgan Stanley International 88.10 106.00 20.32 %
Hold HSBC 88.60 87.50 (1.24 %)
Hold Goldman Sachs 89.10 77.30 (13.24 %)
Neutral JP Morgan 89.10 94.00 5.50 %
Hold FAB Securities 83.80 90.00 7.40 %

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