Al Rajhi Bank notches highest close since May 2022
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 | 107.20 |
| Low | 106.80 |
| High | 108.30 |
| Previous Close | 107.20 |
| Change (3M) | 4.59 % |
| Change (6M) | 12.66 % |
| Market Value | 428,800.00 |
| Avg. Volume (3M) | 2,710,490.68 |
| Avg. Turnover (3M) | 272,203,993.61 |
| Avg. Transaction (3M) | 7,304.89 |
| Change(12M) | 5.30 % |
| YTD | 9.95 % |
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 (%) |
| 2026 | Split | 60,000.00 | 50.00% |
| 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) | 428,800.40 |
| Shares Outstanding ((M)) | 4,000.00 |
| EPS ( ) (TTM) | 6.20 |
| Book Value (BV) ( Riyal) (Latest announcement) | 28.54 |
| Recurring P/E | 17.30 |
| Price/book | 3.76 |
| Dividend Yield (%) (Last Year) | 2.33 |
| Return on Average Assets (%) (TTM) | 2.46 |
| Return on Average Equity (%) (TTM) | 23.21 |
| EPS Diluted ( Riyal) | 5.85 |
| Par Value ( Riyal) | 10.00 |
Calendar :
-
13 April
General Assembly
- -
13 April
Ex-dividend Date
- -
24 April
Cash Dividend Distribution
- -
22 September
Ex-dividend Date
- -
02 October
Cash Dividend Distribution
-
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 | EFG-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 | EFG-Hermes | 85.70 | 105.00 | 22.52 % | |
| Overweight | AlJazira Capital | 80.10 | 102.00 | 27.34 % |
Call Request
Comments Analysis: