SAIB hits highest close since Aug. 2023

11/11/2024 Argaam Exclusive

The Saudi Investment Bank (SAIB) rose today, Nov. 11, above 1% to SAR 14.08, recording the highest close since August 2023.

 

The stock logged an intraday high of SAR 14.22.

Year High (SAR) Year Low (SAR)
14.22 11.62
Highest Since Debut (SAR) Lowest Since Debut (SAR)
34.94 1.05

Accordingly, year-to-date gains reached nearly 18%.  

Market Data :

Open 13.27
Low 13.17
High 13.39
Previous Close 13.38
Change (3M) (6.88 %)
Change (6M) (4.49 %)
Market Value 16,737.50
Avg. Volume (3M) 435,306.95
Avg. Turnover (3M) 6,095,876.11
Avg. Transaction (3M) 2,001.53
Change(12M) 1.90 %
YTD (7.66 %)

Since its listing on TASI, the lender amended its capital several times, as shown in the table below:

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2024 Split   12,500.00 25.00%
2022 Split   10,000.00 33.33%
2017 Split   7,500.00 7.14%
2016 Split   7,000.00 7.69%
2015 Split   6,500.00 8.33%
2014 Split   6,000.00 9.09%
2011 Split   5,500.00 22.22%
2008 Split   4,500.00 15.08%
2007 Split   3,910.16 62.50%
2006 Split   2,406.25 40.00%

Financial Performance :

Overview :

The bank was established in 1976 as a Saudi joint-stock company and commenced its operations the following year. The bank provides a variety of corporate and retail banking services, along with investment banking. It also finances industrial sectors and facilitates trade finance, including import and export transactions. These services are delivered through six key segments. The corporate and institutional banking segment, the bank's largest revenue source, focuses on loans, deposits, and ...


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 16,737.50
Shares Outstanding ((M)) 1,250.00
EPS ( Riyal) (TTM) 1.63
Book Value (BV) ( Riyal) (Latest announcement) 12.75
Recurring P/E 8.19
Price/book 1.05
Dividends Per Share ( Riyal) -
Dividend Yield (%) (Last Year) 5.67
Return on Average Assets (%) (TTM) 1.32
Return on Average Equity (%) (TTM) 13.21
EPS Diluted ( Riyal) 1.44
Par Value ( Riyal) 10.00


Analyst Estimates :

14.5

Fair Average Price

2

Number of Recommendations

Rating Research firm Current Price Target Price Change
Buy SFC 13.20 15.00 13.64 %
Neutral Hermes 13.14 14.00 6.54 %

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