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SAB shares close at 2-year low
15/10/2023
Argaam Exclusive
AI Summary
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Shares of Saudi Awwal Bank (SAB) dropped to their lowest level since December 2021, ending 2% lower at SAR 31.50 today, Oct. 15.
| Year High (SAR) | Year Low (SAR) |
| 43.70 | 31.40 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 58.96 | 2.26 |
The stock hit an intraday low of SAR 31.40, with about 1.1 million shares exchanged.
Accordingly, the stock recorded a decline of 17% year-to-date and a 19% fall in the last three months.
Market Data :
| Open | 30.62 |
| Low | 30.24 |
| High | 30.66 |
| Previous Close | 30.62 |
| Change (3M) | (4.05 %) |
| Change (6M) | (13.06 %) |
| Market Value | 62,794.69 |
| Avg. Volume (3M) | 1,668,571.83 |
| Avg. Turnover (3M) | 53,164,809.52 |
| Avg. Transaction (3M) | 3,693.95 |
| Change(12M) | (8.78 %) |
| YTD | (9.18 %) |
The bank carried out the following capital amendments:
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2019 | Private Offering | 20,555.00 | 37.03% |
| 2015 | Split | 15,000.00 | 50.00% |
| 2012 | Split | 10,000.00 | 33.33% |
| 2009 | Split | 7,500.00 | 25.00% |
| 2008 | Split | 6,000.00 | 60.00% |
| 2006 | Split | 3,750.00 | 50.00% |
| 2004 | Split | 2,500.00 | 25.00% |
| 2001 | Split | 2,000.00 | 25.00% |
| 1998 | Split | 1,600.00 | 28.00% |
| 1996 | Split | 1,250.00 | 25.00% |
Financial Performance :
Overview :
Saudi Awwal Bank (SAB) was originally established in 1978 as a Saudi joint-stock company under the name of The Saudi British Bank (SABB), with capital of SAR 100 million. It officially commenced operations that same year after acquiring the business of the British Bank of the Middle East in Saudi Arabia. The bank was listed on TASI the following year. In 2019, SABB and Alawwal Bank merged, with all Alawwal Bank's shares being transferred to SABB. The bank then changed its name to Saudi Awwal...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 62,794.69 |
| Shares Outstanding ((M)) | 2,054.80 |
| EPS ( ) (TTM) | 4.03 |
| Book Value (BV) ( Riyal) (Latest announcement) | 31.19 |
| Recurring P/E | 7.59 |
| Price/book | 0.98 |
| Dividends Per Share ( ) | - |
| Dividend Yield (%) (Last Year) | 6.55 |
| Return on Average Assets (%) (TTM) | 2.03 |
| Return on Average Equity (%) (TTM) | 13.46 |
| EPS Diluted ( Riyal) | 3.83 |
| Par Value ( Riyal) | 10.00 |
Calendar :
-
25 April
Ex-dividend Date
- -
25 April
General Assembly
- -
13 May
Cash Dividend Distribution
- -
15 August
Ex-dividend Date
- -
28 August
Cash Dividend Distribution
- -
30 April
Ex-dividend Date
-
Analyst Estimates :
41
Fair Average Price
2
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Buy | Citi Bank Group | 35.60 | 44.00 | 23.60 % | |
| Neutral | Riyad Capital | 40.85 | 38.00 | (6.98 %) |
Call Request
Comments Analysis: