Al Rajhi Bank finishes at 10-month peak
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.
| Year High (SAR) | Year Low (SAR) |
| 82.30 | 63.10 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 117.40 | 2.16 |
With today’s leap, Al Rajhi Bank gains in nearly two months reached roughly 16%.
Market Data :
| Open | 109.90 |
| Low | 105.10 |
| High | 110.00 |
| Previous Close | 110.00 |
| Change (3M) | 11.85 % |
| Change (6M) | 8.52 % |
| Market Value | 422,800.00 |
| Avg. Volume (3M) | 3,776,080.00 |
| Avg. Turnover (3M) | 384,430,857.53 |
| Avg. Transaction (3M) | 9,206.61 |
| Change(12M) | 19.71 % |
| YTD | 11.73 % |
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 :
The bank was established as an exchange house in 1957. In 1978, the various sole proprietorships bearing Alrajhi name were consolidated under Al Rajhi Trading and Exchange Corporation. A decade later, the entity was formally established as a Saudi joint-stock company under the name Al Rajhi Banking and Investment Corporation. The bank subsequently began operating under its current name, Al Rajhi Bank, starting in 2006.
The bank provides a range of banking and investment services across five c...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 422,800.40 |
| Shares Outstanding ((M)) | 4,000.00 |
| EPS ( ) (TTM) | 5.98 |
| Book Value (BV) ( Riyal) (Latest announcement) | 27.19 |
| Recurring P/E | 17.67 |
| Price/book | 3.89 |
| Dividend Yield (%) (Last Year) | 2.56 |
| Return on Average Assets (%) (TTM) | 2.44 |
| Return on Average Equity (%) (TTM) | 23.50 |
| EPS Diluted ( Riyal) | 5.63 |
| Par Value ( Riyal) | 10.00 |
Calendar :
-
24 March
Ex-dividend Date
- -
24 March
General Assembly
- -
03 April
Cash Dividend Distribution
- -
12 August
Ex-dividend Date
- -
26 August
Cash Dividend Distribution
- -
13 April
General Assembly
-
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 | - |
Call Request
Comments Analysis: