SAB hits lowest close since December 2021
Shares of Saudi Awwal Bank (SAB) shed more than 1% today, Aug. 27, closing at the lowest level since December 2021, at SAR 30.32.
The stock hit an intraday low of SAR 30.12.
| Year High (SAR) | Year Low (SAR) |
| 38.00 | 30.12 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 58.96 | 2.26 |
Market Data :
| Open | 34.06 |
| Low | 33.82 |
| High | 34.14 |
| Previous Close | 34.00 |
| Change (3M) | (5.20 %) |
| Change (6M) | 7.34 % |
| Market Value | 69,739.91 |
| Avg. Volume (3M) | 1,960,874.56 |
| Avg. Turnover (3M) | 69,369,561.53 |
| Avg. Transaction (3M) | 3,023.56 |
| Change(12M) | 1.77 % |
| YTD | 4.82 % |
The bank carried out the following capital amendments since listing on the Main Market (TASI):
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2019 | Private Offering | 20,555.00 | 37.03% |
| 2015 | Split | 15,000.00 | 50.00% |
| 2012 | Split | 10,000.00 | 33.33% |
| 2009 | Split | 7,500.00 | 25.00% |
| 2008 | Split | 6,000.00 | 60.00% |
| 2006 | Split | 3,750.00 | 50.00% |
| 2004 | Split | 2,500.00 | 25.00% |
| 2001 | Split | 2,000.00 | 25.00% |
| 1998 | Split | 1,600.00 | 28.00% |
| 1996 | Split | 1,250.00 | 25.00% |
SAB was established in 1978 as a Saudi joint stock company with a capital of SAR 100 million under the name Saudi British Bank (SABB). In the same year, it officially commenced operations after acquiring the business of the British Bank of the Middle East in Saudi Arabia. A year later, the bank was listed on TASI. In 2019, SABB merged with SAB.
Financial Performance :
Overview :
Saudi Awwal Bank (SAB) was originally established in 1978 as a Saudi joint-stock company under the name of The Saudi British Bank (SABB), with capital of SAR 100 million. It officially commenced operations that same year after acquiring the business of the British Bank of the Middle East in Saudi Arabia. The bank was listed on TASI the following year. In 2019, SABB and Alawwal Bank merged, with all Alawwal Bank's shares being transferred to SABB. The bank then changed its name to Saudi Awwal...
Comments {{getCommentCount()}}
Be the first to comment
{{Comments.indexOf(comment)+1}}
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.
Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 69,739.98 |
| Shares Outstanding ((M)) | 2,054.80 |
| EPS ( ) (TTM) | 4.09 |
| Book Value (BV) ( Riyal) (Latest announcement) | 33.40 |
| Recurring P/E | 8.18 |
| Price/book | 1.02 |
| Dividends Per Share ( ) | - |
| Dividend Yield (%) (Last Year) | 5.89 |
| Return on Average Assets (%) (TTM) | 1.90 |
| Return on Average Equity (%) (TTM) | 12.58 |
| EPS Diluted ( Riyal) | 3.77 |
| Par Value ( Riyal) | 10.00 |
Calendar :
-
04 September
Cash Dividend Distribution
- -
08 December
General Assembly
- -
21 April
Ex-dividend Date
- -
21 April
General Assembly
- -
05 May
Conferences
- -
11 May
Cash Dividend Distribution
-
Analyst Estimates :
42.18
Fair Average Price
12
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Buy | United Securities Company | 32.10 | 38.00 | 18.38 % | |
| Overweight | CI Capital | 32.16 | 53.00 | 64.80 % | |
| Buy | Citi Bank Group | 31.80 | 38.40 | 20.75 % | |
| Aggregate | U-Capital | 32.30 | 38.70 | 19.81 % | |
| Buy | SADIF | 33.14 | 35.11 | 5.94 % | |
| Buy | Goldman Sachs | 33.84 | 41.00 | 21.16 % | |
| Sell | Autonomous Research | 33.84 | 34.48 | 1.89 % | |
| Overweight | CI Capital | 33.86 | 59.00 | 74.25 % | |
| Buy | Arqaam Capital | 35.50 | 45.78 | 28.96 % | |
| Buy | Riyad Capital | 33.25 | 44.00 | 32.33 % | |
| Buy | SFC | 31.85 | 44.60 | 40.03 % | |
| Underweight | Autonomous Research | 32.20 | 34.06 | 5.78 % |
Call Request
Comments Analysis: