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Bank AlJazira logs highest close in 1 year
28/01/2024
Argaam Exclusive
AI Summary
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AI Summary
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Please note that this news summary has been generated using artificial intelligence. It is recommended to review the original
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Shares of Bank AlJazira, listed under the banks sector, rose 9% today, Jan. 28, to SAR 21.12, recording its highest close in more than a year, amid a trading volume of 15.2 million.
The stock hit an intra-day high of SAR 21.16.
| Year High (SAR) | Year Low (SAR) |
| 13.53 | 9.80 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 47.53 | 0.81 |
Following today's rise, the stock gained nearly 20% over the past three months.
Market Data :
| Open | 11.58 |
| Low | 11.40 |
| High | 11.58 |
| Previous Close | 11.60 |
| Change (3M) | (3.55 %) |
| Change (6M) | (3.39 %) |
| Market Value | 14,606.25 |
| Avg. Volume (3M) | 3,641,432.08 |
| Avg. Turnover (3M) | 43,577,461.66 |
| Avg. Transaction (3M) | 3,068.02 |
| Change(12M) | (11.76 %) |
| YTD | 2.24 % |
Bank AlJazira made several changes to the capital including bonus shares distribution and rights issue.
The bank recommended on Jan. 25, a 25% capital increase by distributing one bonus share for every four existing shares, according to data compiled by Argaam.
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2025 | Bonus Shares | 12,812.50 | 25.00% |
| 2024 | Bonus Shares | 10,250.00 | 25.00% |
| 2018 | Right Issue | 8,200.00 | 57.69% |
| 2017 | Bonus Shares | 5,200.00 | 30.00% |
| 2014 | Bonus Shares | 4,000.00 | 33.33% |
| 2008 | Bonus Shares | 3,000.00 | 33.33% |
| 2007 | Bonus Shares | 2,250.00 | 100.00% |
| 2006 | Bonus Shares | 1,125.00 | 50.00% |
| 2004 | Right Issue | 750.00 | 25.00% |
| 1994 | Right Issue | 600.00 | 50.00% |
Financial Performance :
Overview :
The bank was established in mid-1975 in Jeddah as a Saudi joint-stock company, and commenced operations the following year with SAR 10 million in capital by acquiring the branches of the National Bank of Pakistan in Saudi Arabia. In 1998, it converted its core operations from conventional banking to Shariah-compliant services, applied Shariah rules across all branches in 2002, and fully transformed into an Islamic banking institution five years later.
Activities and Business Segments
The b...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 14,606.26 |
| Shares Outstanding ((M)) | 1,281.25 |
| Recurring EPS ( Riyal) (TTM) | 1.26 |
| Book Value (BV) ( Riyal) (Latest announcement) | 11.85 |
| Recurring P/E (TTM) | 9.07 |
| Price/book | 0.96 |
| Dividends Per Share ( ) | - |
| Dividend Yield (%) (Last Year) | 4.37 |
| Return on Average Assets (%) (TTM) | 0.95 |
| Return on Average Equity (%) (TTM) | 10.87 |
| EPS Diluted ( Riyal) | 0.82 |
| Par Value ( Riyal) | 10.00 |
Calendar :
-
24 April
Eligibility for bonus shares
- -
24 April
General Assembly
- -
07 August
Conferences
- -
11 December
General Assembly
- -
28 April
Eligibility for bonus shares
- -
28 April
General Assembly
-
Analyst Estimates :
12.38
Fair Average Price
2
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Neutral | SNB Capital | 12.02 | 12.60 | 4.79 % | |
| Hold | YAQEEN | 12.28 | 12.15 | (1.04 %) |
Call Request
Comments Analysis: