Al Rajhi Bank logs highest close in a year

14/12/2023 Argaam Exclusive

Al Rajhi Bank’s stock rose 4% today, Dec. 14, to stand at SAR 83.20, recording the highest close in a year, amid a trading volume of about 10.6 million shares.

 

The stock recorded an intraday high of SAR 83.30 apiece.

Year High (SAR) Year Low (SAR)
83.30 63.10
Highest Since Debut (SAR) Lowest Since Debut (SAR)
117.40 2.16

With today's leap, the stock's gains in three months hit roughly 14%.

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 %

The bank adjusted its capital several times since listing on TASI, as follows:

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...


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 422,800.40
Shares Outstanding ((M)) 4,000.00
EPS ( Riyal) (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


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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