Al Rajhi Bank notches highest close since May 2022

02/01/2025 Argaam Exclusive

Shares of Al Rajhi Bank rose 3% today, Jan. 2, to SAR 98.50, the highest close since May 2022.

 

The stock hit an intraday high of SAR 99.20.

Year High (SAR) Year Low (SAR)
99.20 75.50
Highest Since Debut (SAR) Lowest Since Debut (SAR)
117.40 2.16

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 %

The company made several adjustments to its capital since its listing on Tadawul, as shown below:

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 :

97.96

Fair Average Price

20

Number of Recommendations

Rating Research firm Current Price Target Price Change
Overweight AlJazira Capital 91.90 102.00 10.99 %
Neutral SNB Capital 90.50 98.50 8.84 %
Hold United Securities Company 90.50 92.00 1.66 %
Overweight ANB Capital 91.00 106.00 16.48 %
Neutral CI Capital 91.00 93.50 2.75 %
Hold Arqaam Capital 91.50 86.00 (6.01 %)
Hold HSBC 90.30 90.10 (0.22 %)
Buy YAQEEN 92.70 107.00 15.43 %
Hold FAB Securities 94.40 95.00 0.64 %
Overweight Morgan Stanley International 93.40 116.00 24.20 %
Neutral Citi Bank Group 93.40 102.00 9.21 %
Buy Bank of America 93.40 115.20 23.34 %
Buy Hermes 88.20 105.00 19.05 %
Neutral Riyad Capital 84.90 82.00 (3.42 %)
Neutral SNB Capital 86.50 81.90 (5.32 %)
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 %
Buy Hermes 85.70 105.00 22.52 %
Overweight AlJazira Capital 80.10 102.00 27.34 %

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