Al Rajhi Bank hits highest close in 40 months amid active trading
Al Rajhi Bank shares climbed 2% today, Sept. 25, closing at the highest level since May 2022 of SAR 104.8.
The stock hit an intraday high of SAR 113, amid active trading of approximately 33 million shares for SAR 3.52 billion.
| Year High (SAR) | Year Low (SAR) |
| 75.34 | 53.40 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 78.27 | 1.44 |
Al Rajhi Bank carried out several capital adjustments since listing on the Main Market (TASI).
Market Data :
| Open | 67.65 |
| Low | 66.70 |
| High | 67.70 |
| Previous Close | 67.65 |
| Change (3M) | (6.15 %) |
| Change (6M) | (1.45 %) |
| Market Value | 401,700.00 |
| Avg. Volume (3M) | 6,064,869.04 |
| Avg. Turnover (3M) | 419,480,671.54 |
| Avg. Transaction (3M) | 9,880.56 |
| Change(12M) | 5.04 % |
| YTD | 2.99 % |
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2026 | Split | 60,000.00 | 50.00% |
| 2022 | Split | 40,000.00 | 60.00% |
| 2019 | Split | 25,000.00 | 53.85% |
| 2014 | Split | 16,250.00 | 8.33% |
| 2008 | Split | 15,000.00 | 11.11% |
| 2007 | Split | 13,500.00 | 100.00% |
| 2006 | Split | 6,750.00 | 50.00% |
| 2005 | Split | 4,500.00 | 100.00% |
| 1998 | Split | 2,250.00 | 50.00% |
| 1991 | Split | 1,500.00 | 100.00% |
Financial Performance :
Overview :
The bank was established as an exchange house in 1957. In 1978, the various sole proprietorships bearing Alrajhi name were consolidated under Al Rajhi Trading and Exchange Corporation. A decade later, the entity was formally established as a Saudi joint-stock company under the name Al Rajhi Banking and Investment Corporation. The bank subsequently began operating under its current name, Al Rajhi Bank, starting in 2006.
The bank provides a range of banking and investment services across five c...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 401,700.40 |
| Shares Outstanding ((M)) | 6,000.00 |
| EPS ( ) (TTM) | 4.27 |
| Book Value (BV) ( Riyal) (Latest announcement) | 20.13 |
| Recurring P/E | 15.67 |
| Price/book | 3.33 |
| Dividend Yield (%) (Last Year) | 2.49 |
| Return on Average Assets (%) (TTM) | 2.47 |
| Return on Average Equity (%) (TTM) | 22.71 |
| EPS Diluted ( Riyal) | 4.02 |
| Par Value ( Riyal) | 10.00 |
Calendar :
-
02 October
Cash Dividend Distribution
- -
20 April
Ex-dividend Date
- -
20 April
Eligibility for bonus shares
- -
20 April
General Assembly
- -
30 April
Cash Dividend Distribution
-
Analyst Estimates :
68.65
Fair Average Price
12
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Aggregate | FAB Securities | 62.34 | 70.00 | 12.30 % | |
| Buy | Citi Bank Group | 63.10 | 76.67 | 21.50 % | |
| Neutral | United Securities Company | 63.27 | 66.67 | 5.37 % | |
| Under Review | U-Capital | 64.00 | - | ||
| Aggregate | FAB Securities | 63.34 | 70.00 | 10.53 % | |
| Overweight | AlJazira Capital | 63.00 | 71.34 | 13.23 % | |
| Buy | Goldman Sachs | 68.67 | 63.87 | (6.99 %) | |
| Neutral | CI Capital | 64.17 | 65.34 | 1.82 % | |
| Hold | HSBC | 64.14 | 60.67 | (5.41 %) | |
| Buy | Arqaam Capital | 63.84 | 72.63 | 13.78 % | |
| Neutral | United Securities Company | 64.00 | 61.34 | (4.17 %) | |
| Buy | Riyad Capital | 63.14 | 76.67 | 21.44 % |
Call Request
Comments Analysis: