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Riyad Bank closes at lowest level in 3 years
23/05/2024
Argaam Exclusive
AI Summary
Content Summary:
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Shares of Riyad Bank plunged by 3% today, May 23, to end at SAR 25.15 apiece, recording the lowest close in three years.
The stock touched an intraday low of SAR 25.10.
| Year High (SAR) | Year Low (SAR) |
| 35.25 | 25.10 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 42.90 | 3.06 |
The stock’s year-to-date (YTD) losses increased to more than 10%.
Market Data :
| Open | 28.40 |
| Low | 28.08 |
| High | 28.68 |
| Previous Close | 28.24 |
| Change (3M) | 11.00 % |
| Change (6M) | 10.83 % |
| Market Value | 85,980.00 |
| Avg. Volume (3M) | 2,280,818.73 |
| Avg. Turnover (3M) | 63,059,518.28 |
| Avg. Transaction (3M) | 2,692.85 |
| Change(12M) | (4.15 %) |
| YTD | 5.60 % |
The bank made several changes to its capital since its debut on the main market (TASI), as shown below:
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2026 | Split | 40,000.00 | 33.33% |
| 2014 | Split | 30,000.00 | 100.00% |
| 2008 | Right Issue | 15,000.00 | 140.00% |
| 2006 | Split | 6,250.00 | 25.00% |
| 2005 | Split | 5,000.00 | 25.00% |
| 1994 | Split | 4,000.00 | 100.00% |
| 1991 | IPO | 2,000.00 | 66.67% |
| 1991 | Split | 1,200.00 | 500.00% |
| 1987 | Split | 200.00 | 300.00% |
Financial Performance :
Overview :
The bank was established and commenced operations in 1957 as a Saudi joint-stock company. Since then, it has become a leading financial institution in the Kingdom and the Middle East, currently operating through an extensive network of branches both within the Kingdom and internationally.
The bank offers banking products, services, and financing solutions, both conventional and Islamic, to individual, corporate, and small and medium-sized enterprises (SMEs) customers through nine main business ...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 85,980.00 |
| Shares Outstanding ((M)) | 3,000.00 |
| EPS ( ) (TTM) | 3.47 |
| Book Value (BV) ( Riyal) (Latest announcement) | 21.37 |
| Recurring P/E | 8.26 |
| Price/book | 1.34 |
| Dividends Per Share ( ) | 1.40 |
| Dividend Yield (%) (Last Year) | 4.87 |
| Return on Average Assets (%) (TTM) | 2.14 |
| Return on Average Equity (%) (TTM) | 16.91 |
| EPS Diluted ( Riyal) | 3.29 |
| Par Value ( Riyal) | 10.00 |
Calendar :
-
29 May
General Assembly
- -
11 August
Ex-dividend Date
- -
15 August
Conferences
- -
22 August
Cash Dividend Distribution
- -
06 November
Conferences
- -
12 February
Conferences
-
Analyst Estimates :
35
Fair Average Price
3
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Buy | United Securities Company | 28.15 | 33.00 | 17.23 % | |
| Buy | FAB Securities | 28.05 | 36.00 | 28.34 % | |
| Buy | FAB Securities | 31.35 | 36.00 | 14.83 % |
Call Request
Comments Analysis: