Al Rajhi Bank (1113)

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News

2 February 2015 03:58 PM NCB, Jabal Omar dominate 46% of Jan. special trades

By Mohammed IdrisRiyadh-Mubasher: Saudi Stock Exchange (Tadawul) witnessed 58 special transactions on 44 firms in January, through which 11.06 million shares were traded at a total value of SAR 438.9 million.The National Commercial …

Corporate Actions

17 January 2015 00:06 PM Albilad Capital assigns Al-Rajhi ‘Overweight’ rating

Albilad Capital has stated in a report on Al-Rajhi Bank that the preliminary financial results showed lower-than-expected earnings, as well as robust growth in the balance sheet.The implementation of the new regulations related to …

Corporate Actions

15 January 2015 09:57 AM Al-Rajhi Bank records 8% profit fall in FY14

Saudi Arabia’s Al-Rajhi Bank reported SAR 1,520 million net earnings for the fourth quarter of 2014, falling 1.75% year-on-year from SAR 1,547 million and 8.54% quarter-on-quarter from SAR 1,662 million.The full-year net earnings also …

Corporate Actions

14 January 2015 10:15 AM MubasherTrade announces ‘KSA Favorite List’

MubasherTrade Research has launched its ‘KSA Favorite List’ which comprises 20 stocks. The following table shows the favorite list in terms of price performance: The following table shows the …

Company News

12 January 2015 02:23 PM Saudi companies’ Q4 earnings seen up 3% on banks – estimates

By Mohamed Abu Meleeh:Riyadh-Mubasher: Several Saudi and Arab research firms have posted their expectations for earnings of Saudi companies that have the biggest weights in terms of profitability.Twelve research firms have issued …

Financial Results

7 January 2015 11:44 AM NCB Capital expects 89% of Saudi firms to post 4% profit rise for Q4

By Mohammed Abu MeleehRiyadh-Mubasher: NCB Capital (NCBC) has issued a report, in which it forecasted the earnings of 42 Tadawul-listed firms for Q4 2014. NCBC stated that these companies dominated nearly …

3 January 2015 00:49 PM Al-Rajhi stock price ‘acceptable’ despite EPS decline

The earnings per share (EPS) of Al-Rajhi Bank declined in the 12-month period until the end of September 2014 to SAR 4.23 compared with SAR 4.86 in 2012, according to Al-Riyadh daily. The stock price declined to SAR 53, and the P/E ratio …

Company News

28 December 2014 02:43 PM Alistithmar Capital estimates for Q4 corporate earnings

By Mohamed Abu Meleeh:Riyadh-Mubasher: Alistithmar Capital issued a report about its forecasts for earnings of 27 Saudi companies across seven sectors for the fourth quarter in 2014.The research firm expected 11 listed banks to post …

Stock Evaluations

23 December 2014 04:46 PM Osool & Bakheet estimates for Q4 corporate earnings

Osool & Bakheet Investment Company issued a report on Tuesday in which it made expectations for earnings of 46 Tadawul-listed companies for the fourth quarter of 2014.These companies comprise the following: 9 in banks sector, 7 in …

Stock Evaluations

9 December 2014 04:22 PM Tadawul sees 24 special trades worth SAR 139m

The Saudi bourse has witnessed today 24 special trades at a total value of SAR 139 million.Table Photo Credit: Mubasher News story Photo Credit: Arabianeye-Reuters …

Corporate Actions

8 December 2014 07:08 PM Tadawul records SAR44bn special trades in four years

By: Mohamed Abu MeleehCairo-Mubasher: During the last four years in Saudi Stock Exchange (Tadawul), investors have carried out 1387 special transactions worth SAR 43.9 billion ($11.7 billion) on 1.64 billion shares, …

Market News

4 December 2014 03:20 PM Awqaf Al Rajhi slashes Al Rajhi Bank stake for third time

The daily changes in the list of major owners in Tadawul-listed companies showed that Awqaf Sulaiman A. Al Rajhi Company sold 3.1%, or 50.37 million shares of its stake in Al Rajhi Bank.Thus, the company’s equity was reduced from 17.8% …

Corporate Actions

3 December 2014 06:40 PM Tadawul sees biggest special trade in lifetime

The Saudi Stock Exchange (Tadawul) has executed on Wednesday a special transaction on 49 million shares in Al Rajhi Bank at SAR 63 each, totaling SAR 3.09 billion.Thus, the transaction was carried out at a price that is …

Trading Activities

3 December 2014 03:48 PM Al Rajhi Bank sees special trade worth above SAR3bn

The Saudi Stock Exchange (Tadawul) has executed on Wednesday a special transaction on 49 million shares in Al Rajhi Bank at SAR 63 each, totaling SAR 3.09 billion.Thus, the transaction was carried out at a price that is higher than the …

Company News

2 December 2014 00:37 PM Marafiq inks SAR 2.5bn Murabaha loan

Power and Water Utility Co. for Jubail and Yanbu (Marafiq) has signed a long-term Murabaha syndicated loan worth SAR 2.5 billion with five local banks, according to local media.The banks are Al-Rajhi Bank, National Commercial Bank (NCB), …

Sukuk and Islamic Finance

30 November 2014 11:30 AM Fitch affirms ratings of 11 Saudi banks

Fitch Ratings has affirmed at 'A+' the long-term Issuer Default Ratings (IDR) of Al Rajhi Bank, National Commercial Bank (NCB), Riyad Bank and SAMBA Financial Group (SAMBA), according to the agency’s website.The agency also affirmed at …

Ratings

18 November 2014 03:39 PM Mobily provides Al Rajhi Bank with communications, data services

Mobily has signed a communications and IT services agreement with Al Rajhi Bank. Engineer Ismail Al Ghamdi, Acting Business Chief Officer signed the agreement on behalf of Mobily, whereas Mr. Ibrahim Al Rashid, Chief Officer of IT, …

Company News

17 November 2014 11:27 AM Al Rajhi Bank appoints new chairman

Al Rajhi Bank said the board, in a meeting held on Nov. 16, gave the green light for electing Mr. Abdullah bin Suleiman Al Rajhi as chairman for the current three-year term starting from November 14, 2014.

Company News

9 November 2014 11:12 AM Herfy signs SAR 50m credit facility agreement with Al-Rajhi Bk

Herfy Food Services Co. has signed on November 6 a credit facility agreement worth SAR 50 million with Al-Rajhi Bank, the company said in a bourse statement. The financing period extends from November 6, 2014 until November 6, 2018.This …

Company News

2 November 2014 02:07 PM Al-Rajhi sees special transaction worth over SAR 340m

The Saudi bourse has witnessed on Nov. 2 a special transaction, through which nearly 5.2 million shares were exchanged at SAR 65.75 each, totaling more than SAR 340 million.

Company News

15 October 2014 04:58 PM Saudi’s Al Rajhi Bank posts 3% profit fall for Q3

Al Rajhi Bank, Saudi Arabia's largest listed lender, reported SAR 1,662 million net earnings for the third quarter of 2014, declining 3.2% year-on-year from SAR 1,717 million and 14.73% quarter-on-quarter from SAR 1,949 million.The …

Corporate Actions

15 October 2014 02:25 PM NCB Capital unveils changes in major shareholders' list for Sept.

NCB Capital has announced the major shareholders’ list for September, as follows: Notable buyers in September - 2014• GOSI and Public Pension Authority (PPA) made no stake increases this month.• Abdul Rahman Saleh Al Rajhi increased his …

Company News

14 October 2014 00:19 PM Saudi’s STC signs IT solution agreement with Al-Rajhi Bank

Saudi Telecom Co. (STC), a leading operator in Saudi Arabia, has signed a strategic agreement with Al-Rajhi Bank to offer information technology solutions to the lender.The solutions stated in this agreement include the Golden …

Company News

12 October 2014 06:07 PM Low single-digit profit growth likely for 51 Saudi firms – report

In a recent report, MubasherTrade Research has stated that Saudi Arabia’s aggregate earnings (based on 51 companies) to grow +6% year-on-year to SAR 25.5 billion in CQ3 2014, led by Financials (+16% y/y, 82% of growth) …

Corporate Actions

2 October 2014 00:22 PM TASI down 2.30% in September on slower GDP growth

TASI declined 2.30% in September on slower GDP growth and an upcoming strong IPO, according to a recent report by MubasherTrade Research.The report issuer said its KSA FL recorded a loss of 3.00% in September, slightly exceeding TASI’s …

Trading Activities