23/10/2023 Argaam Exclusive
AI Summary
Shares of Al Rajhi Bank sank to their lowest price since May 2021, at SAR 63.10, today, Oct. 23.
| Year High (SAR) | Year Low (SAR) |
| 88.30 | 63.10 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 117.40 | 2.16 |
The stock closed 1% lower at SAR 63.50, hitting a fresh low since May 17, 2021, with 5.9 million shares traded.
Accordingly, the stock lost 16% year-to-date and 11% during the last three months.
| Open | 91.05 |
| Low | 90.55 |
| High | 92.05 |
| Previous Close | 91.00 |
| Change (3M) | (0.65 %) |
| Change (6M) | (9.63 %) |
| Market Value | 368,000.00 |
| Avg. Volume (3M) | 2,491,515.98 |
| Avg. Turnover (3M) | 234,923,338.35 |
| Avg. Transaction (3M) | 8,690.91 |
| Change(12M) | 3.72 % |
| YTD | (2.75 %) |
The lender increased its capital nine times by issuing bonus shares, as indicated in the following table:
| 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 Ratio | Current |
| Market Cap (M Riyal) | 368,000.40 |
| Shares Outstanding ((M)) | 4,000.00 |
| EPS ( ) (TTM) | 5.67 |
| Book Value (BV) ( Riyal) (Latest announcement) | 26.25 |
| Recurring P/E | 16.23 |
| Price/book | 3.51 |
| Dividend Yield (%) (Last Year) | 2.95 |
| Return on Average Assets (%) (TTM) | 2.38 |
| Return on Average Equity (%) (TTM) | 22.81 |
| EPS Diluted ( Riyal) | 5.37 |
| Par Value ( Riyal) | 10.00 |
Fair Average Price
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Under Review | U-Capital | 64.00 | - | ||
| Overweight | AlJazira Capital | 72.30 | 85.70 | 18.53 % | |
| Neutral | Citi Bank Group | 72.60 | 80.00 | 10.19 % | |
| Neutral | Riyad Capital | 73.90 | 82.00 | 10.96 % |
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