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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) |
| 28.60 | 18.27 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 28.60 | 4.37 |
The stock hit an intraday high of SAR 42.90.
Accordingly, the stock's three-month gains exceeded 30%.
Market Data :
| Open | 24.30 |
| Low | 23.84 |
| High | 24.32 |
| Previous Close | 24.36 |
| Change (3M) | (2.41 %) |
| Change (6M) | (2.91 %) |
| Market Value | 71,550.00 |
| Avg. Volume (3M) | 4,572,767.62 |
| Avg. Turnover (3M) | 112,334,223.22 |
| Avg. Transaction (3M) | 7,249.29 |
| Change(12M) | 7.20 % |
| YTD | 17.40 % |
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 | Bonus Shares | 30,000.00 | 20.00% |
| 2024 | Bonus Shares | 25,000.00 | 25.00% |
| 2020 | Bonus Shares | 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 debuted on the Main Market (TASI) two years later.
Activities and Business Segments
The bank provides Shariah-compliant banking, financing, and investment services, including asset management and brokerage, through several key business segments: retail, which is the largest contributor to the bank's revenue; corporate and institutional banking; global markets and treasury; investment and br...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 71,550.07 |
| Shares Outstanding ((M)) | 3,000.00 |
| Recurring EPS ( Riyal) (TTM) | 2.20 |
| Book Value (BV) ( Riyal) (Latest announcement) | 12.58 |
| Recurring P/E (TTM) | 10.86 |
| Price/book | 1.90 |
| Dividend Yield (%) (Last Year) | 3.13 |
| Return on Average Assets (%) (TTM) | 2.10 |
| Return on Average Equity (%) (TTM) | 18.33 |
| EPS Diluted ( Riyal) | 2.00 |
| 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 :
27.55
Fair Average Price
4
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Neutral | SNB Capital | 25.20 | 28.07 | 11.38 % | |
| Buy | YAQEEN | 27.47 | 31.27 | 13.83 % | |
| Hold | FAB Securities | 23.90 | 25.33 | 6.00 % | |
| Overweight | SNB Capital | 21.90 | 25.53 | 16.59 % |
Call Request
Comments Analysis: