Al Rajhi Bank shares close all-time high since 2006

05/10/2021 Argaam Special

Al Rajhi Bank headquarters


Shares of Al Rajhi Bank hit today, Oct. 5, their highest level since 2006, or in 15 years, at SAR 129.

 

The stock closed 2% higher today at SAR 128.20, hitting the highest level since 2006, amid trading of nearly 4.2 million shares.

 

Accordingly, the stock saw a year-to-date increase of about 75%.

 

Al Rajhi Bank began its activities in 1957. In 1978, the various individual establishments under the Al Rajhi name were merged under one umbrella Al Rajhi Trading and Exchange Corporation. In 1988, the bank was established as a Saudi share holding company.

 

The bank opened its first men's branch in Riyadh's Deira district in 1957 and the first women's branch in 1979 in Al-Shemaysi neighborhood.

 

The lender carries out a full range of Shariah-compliant banking and investment operations for own or third-party purposes locally and overseas.

 

The company was listed on the Saudi Stock Exchange (Tadawul) on Dec. 1, 1988.

 

Al Rajhi Stock Performance

Annual High (SAR)

128.80

Today, Oct. 5, 2021

Annual Low (SAR)

65.00

Nov. 1, 2020

Historical High (SAR)

154.30

Feb. 26, 2006

Historical Low (SAR)

3.45

April 30, 1995

Highest Trading Volume (mln shares)

79.66

Dec. 3, 2014

 

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

 

Key Financial Indicators

Earnings Per Share (last 12 months) (SAR)

5.09

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

25.19

Book Value (SAR)

23.87

P/B Ratio (x)

5.37

 

The bank increased its capital six times through issuing bonus shares to reach a current capital of SAR 25 billion.

 

Capital Amendments (SAR mln)

Date

Method

Previous Capital

New Capital

Variation

2019

Bonus Shares

16250

25000

54%

2014

Bonus Shares

15000

16250

8%

2008

Bonus Shares

13500

15000

11%

2007

Bonus Shares

6750

13500

100%

2006

Bonus Shares

4500

6750

50%

2005

Bonus Shares

2250

4500

100%

 

The General Organization for Social Insurance (GOSI) is the major shareholder in Al Rajhi Bank with a stake of 9.61%.

 

Major Shareholder

Shareholder

Stake

GOSI

9.61 %

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