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Alinma Bank closes at all-time high
15/01/2024
Argaam Exclusive
AI Summary
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Alinma Bank’s stock rose 2% today, Jan. 15, to finish at SAR 42.60, notching the highest close since its debut on TASI. Nearly 5.8 million shares were traded.
| Year High (SAR) | Year Low (SAR) |
| 34.32 | 21.92 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 34.32 | 5.25 |
The stock hit an intraday high of SAR 42.90.
Accordingly, the stock's three-month gains exceeded 30%.
Market Data :
| Open | 27.88 |
| Low | 27.62 |
| High | 28.18 |
| Previous Close | 27.88 |
| Change (3M) | 14.61 % |
| Change (6M) | 13.78 % |
| Market Value | 70,200.00 |
| Avg. Volume (3M) | 6,176,527.48 |
| Avg. Turnover (3M) | 167,817,026.65 |
| Avg. Transaction (3M) | 8,124.38 |
| Change(12M) | (5.45 %) |
| YTD | 15.18 % |
The bank amended its capital once in 2020 through a bonus share distribution.
Recently, Alinma Bank’s board recommended a 25% capital hike through bonus shares. However, the extraordinary general meeting (EGM) has not been convened yet for approval.
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2026 | Split | 30,000.00 | 20.00% |
| 2024 | Split | 25,000.00 | 25.00% |
| 2020 | Split | 20,000.00 | 33.33% |
| 2008 | IPO | 15,000.00 | 0.00% |
Financial Performance :
Overview :
Established in 2006 as a Saudi joint-stock company with SAR 15 billion in capital, the bank’s shares were listed and commenced trading on the Main Market (TASI) two years later.
The bank provides Shariah-compliant banking, financing, and investment services, including asset management and brokerage, through five key operating segments: retail, which serves as the principal revenue source; corporate and institutional banking; global markets and treasury; investment and brokerage; and &ld...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 70,200.00 |
| Shares Outstanding ((M)) | 2,500.00 |
| EPS ( ) (TTM) | 2.56 |
| Book Value (BV) ( Riyal) (Latest announcement) | 14.30 |
| Recurring P/E | 10.97 |
| Price/book | 1.96 |
| Dividend Yield (%) (Last Year) | 3.90 |
| Return on Average Assets (%) (TTM) | 2.18 |
| Return on Average Equity (%) (TTM) | 18.70 |
| EPS Diluted ( Riyal) | 2.37 |
| Par Value ( Riyal) | 10.00 |
Calendar :
-
23 April
Eligibility for bonus shares
- -
23 April
General Assembly
- -
19 May
Ex-dividend Date
- -
02 June
Cash Dividend Distribution
- -
30 July
Conferences
- -
18 August
Ex-dividend Date
-
Analyst Estimates :
33.06
Fair Average Price
4
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Neutral | SNB Capital | 30.24 | 33.68 | 11.38 % | |
| Buy | YAQEEN | 32.96 | 37.52 | 13.83 % | |
| Hold | FAB Securities | 28.68 | 30.40 | 6.00 % | |
| Overweight | SNB Capital | 26.28 | 30.64 | 16.59 % |
Call Request
Comments Analysis: