Saudi National Bank shares close at highest level since 2019

06/09/2021 Argaam Special

Logo of Saudi National Bank


Shares of Saudi National Bank (SNB) closed today, Sept. 6, at their highest level since May 2019, at SAR 61.80.

The stock rose 1% during the day, with nearly 3 million shares traded.

Accordingly, the stock saw an increase of over 100% since March 2020.

National Commercial Bank (NCB) was listed in the Saudi Stock Exchange (Tadawul) in 2014, and merged with Samba Financial Group last April under Saudi National Bank brand with a capital of SAR 44.78 billion.

SNB Stock Performance

Annual High (SAR)

61.80

Sept. 6, 2021

Annual Low (SAR)

36.70

Sept. 9, 2020

Historical High (SAR)

64.40

May 2, 2019

 Historical Low (SAR)

21.34

Sept. 29, 2016

Highest Trading Volume (SAR mln)

96.50

Nov. 18, 2014

 The following table shows the most important financial indicators of the bank:

Key Financial Indicators

Earnings Per Share (last 12 months) (SAR)

2.93

Operating P/E (last 12 months) (x)

21.06

Book Value (SAR)

32.90

P/B Ratio (x)

1.88

The bank increased its capital twice, one of which was for the purpose of merger with Samba, while the other was through issuing bonus shares.

Capital Amendments (SAR bln)

Date

Method

Previous Capital

New Capital

Variation

2020

Merger

30.00

44.78

+ 49 %

2018

Bonus shares

20.00

30.00

+ 50 %


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