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Bank Albilad closes at highest price in 14 months
05/02/2024
Argaam Exclusive
AI Summary
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Bank Albilad’s stock rose 1% today, Feb. 5, to SAR 45.90, notching its highest close since December 2022 on the Saudi Exchange (Tadawul).
It hit an intraday high of SAR 48.15.
| Year High (SAR) | Year Low (SAR) |
| 32.10 | 23.50 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 40.27 | 3.29 |
Bank Albilad made several capital changes by distributing bonus shares.
Market Data :
| Open | 26.34 |
| Low | 26.24 |
| High | 26.64 |
| Previous Close | 26.34 |
| Change (3M) | 5.68 % |
| Change (6M) | 2.88 % |
| Market Value | 39,600.00 |
| Avg. Volume (3M) | 2,188,478.75 |
| Avg. Turnover (3M) | 56,300,591.55 |
| Avg. Transaction (3M) | 3,985.27 |
| Change(12M) | (14.84 %) |
| YTD | 6.37 % |
Today, the bank announced the board’s recommendation to increase capital by 25%, through a one-for-four bonus issue.
Bank Albilad’s profit rose to SAR 2.36 billion, or 14%, by the end of 2023, compared to SAR 2.08 billion in 2022.
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2025 | Split | 15,000.00 | 20.00% |
| 2024 | Split | 12,500.00 | 25.00% |
| 2022 | Split | 10,000.00 | 33.33% |
| 2019 | Split | 7,500.00 | 25.00% |
| 2016 | Split | 6,000.00 | 20.00% |
| 2015 | Split | 5,000.00 | 25.00% |
| 2013 | Split | 4,000.00 | 33.33% |
| 2005 | IPO | 3,000.00 | 100.00% |
Financial Performance :
Overview :
Established in 2004 as a Saudi joint-stock company with SAR 3 billion in capital, the bank’s shares were listed and commenced trading on the Main Market (TASI) the following year.
The bank provides financing and investment banking services via Shariah-compliant instruments across seven key operating segment: retail, which serves as the largest revenue source; corporate and institutional banking; global markets and treasury; investment and brokerage; commercial; remittances; and “o...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 39,600.00 |
| Shares Outstanding ((M)) | 1,500.00 |
| EPS ( ) (TTM) | 2.03 |
| Book Value (BV) ( Riyal) (Latest announcement) | 12.61 |
| Recurring P/E | 12.99 |
| Price/book | 2.09 |
| Dividend Yield (%) (Last Year) | 3.79 |
| Return on Average Assets (%) (TTM) | 1.86 |
| Return on Average Equity (%) (TTM) | 17.13 |
| EPS Diluted ( Riyal) | 2.05 |
| Par Value ( Riyal) | 10.00 |
Calendar :
-
29 April
Ex-dividend Date
- -
29 April
General Assembly
- -
29 April
Eligibility for bonus shares
- -
16 May
Cash Dividend Distribution
- -
12 September
Ex-dividend Date
- -
03 October
Cash Dividend Distribution
-
Analyst Estimates :
31.36
Fair Average Price
3
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Neutral | AlJazira Capital | 30.20 | 27.67 | (8.39 %) | |
| Overweight | SNB Capital | 28.33 | 33.07 | 16.71 % | |
| Buy | YAQEEN | 30.27 | 33.33 | 10.13 % |
Call Request
Comments Analysis: