Al Rajhi Bank (1113)

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News

22 October 2017 10:00 AM Al Rajhi Bank profits rise 10% in 9M

Riyadh – Mubasher: Al Rajhi Bank on Sunday reported a 9.69% year-on-year surge in net profits for the first nine months of 2017. The bank achieved profits of SAR 6.66 billion in the nine-month period of 2017, versus SAR 6.079 billion in the …

Financial Results

17 October 2017 03:06 PM Five private deals total SAR 26.53m

Riyadh – Mubasher: Five private transactions were executed on the stocks of the Saudi Basic Industries Corp (SABIC), Al Rajhi Bank, Yamama Cement Co, Saudi Cement Company, and Samba Financial Group during Tuesday’s trading session totaled SAR …

Trading Activities

12 October 2017 00:15 PM Two private deals on Al Rajhi Bank’s stock total SAR 1.07bn

Riyadh – Mubasher: Two private transactions was executed on the stock of Al Rajhi Bank on Thursday on the Saudi Stock Exchange (Tadawul) totaled SAR 1.07 billion. The first transaction saw the trading of 16.17 million shares, with a liquidity of …

Trading Activities

9 October 2017 03:16 PM Two private deals on Al Rajhi Bank’s stock total SAR 96.43m

Riyadh – Mubasher: Two private transactions were executed on the stock of Al Rajhi Bank's stock on Monday on the Saudi Stock Exchange (Tadawul) totaled SAR 96.43 million. The transactions saw the trading of 1.5 million shares, at SAR 64 per share, …

Trading Activities

5 October 2017 01:44 PM Two private deals on STC, Al Rajhi Bank total SAR 11.3m

Riyadh – Mubasher: Two private transactions were executed on the stocks of Saudi Telecom (STC), and Al Rajhi Bank on Thursday on the Saudi Stock Exchange (Tadawul) totaled SAR 11.3 million. Al Rajhi Bank’s transaction saw the trading of 173,600 …

Company News

20 September 2017 02:55 PM Tadawul sees 8 special deals total SAR 31.33m Wednesday

Riyadh – Mubasher: The Saudi Stock Exchange’s (Tadawul) data revealed executing eight private transactions during Wednesday’s trading activities. Saudi Arabia-based Arabian Cement Co’s stock saw executing four private deals, the first transaction …

Trading Activities

11 September 2017 02:33 PM Al Rajhi Bank, SABIC stocks see 4 private deals on Tadawul

Riyadh – Mubasher: Four private transactions were implemented in the Saudi Stock Exchange (Tadawul) during Monday’s trading activities totaling SAR 11.63 million. The transactions took place on the stocks of Al Rajhi Bank and The Saudi Basic …

Trading Activities

23 August 2017 11:14 AM Al Hokair inks SAR 1.25bn deal with Al Rajhi Bank

Riyadh – Mubasher: Fawaz Abdulaziz Al Hokair Co signed on Tuesday a 7-year Murabaha agreement with Al Rajhi Bank at a value of SAR 1.25 billion ($333 million). The agreement aims to repay all short-term loans at 6-month intervals, the firm told …

Corporate Actions

17 August 2017 01:51 PM Bank of America Merrill Lynch upgrades Al Rajhi Bank outlook to 'Buy'

Riyadh – Mubasher: Bank of America Merrill Lynch on Thursday upgraded Saudi Arabia-based Al Rajhi Bank’s outlook to "Buy" from "Neutral" with a price target (PT) of SAR 75. “We see Al Rajhi's earnings momentum gathering pace in the second half of …

Company News

13 August 2017 09:32 PM Jazadco agrees SAR40m credit facility with Al-Rajhi

Riyadh - Mubasher: Jazan Development Company (Jazadco) has signed on Sunday a credit facility agreement with Al Rajhi Bank, with a total value of SAR 40 million. The company said in a statement to the Saudi Stock Exchange (Tadawul) that the …

Banking and Finance

9 August 2017 08:11 PM Biggest 5 Saudi banks’ profits may face pressure in 2018 – Moody’s

Riyadh – Mubasher: Profits achieved by Saudi Arabia’s largest five banks may face pressures during 2018 on the back of reduced government spending, which negatively impacts economic growth, Moody’s Investors Service said in a report released …

Sector Reports

24 July 2017 06:43 PM Al Rajhi Bank profits rise 6% in Q2

Riyadh – Mubasher: Al Rajhi Bank on Monday said that its net profits increased by 6.3% year-on-year in the second quarter of 2017. The bank achieved SAR 2.18 billion net profits in Q2-17, compared to SAR 2.05 billion in Q2-16, according to a …

Financial Results

22 July 2017 03:14 PM Tadawul awaits important events this week

Riyadh - Mubasher: Investors in the Saudi Stock Exchange (Tadawul) are anticipating a series of important events this week, betweem 23 and 27 July, led by the dividends distribution by Al Rajhi Bank. Al Rajhi Bank will begin on Thursday, …

General Assembly

20 July 2017 06:27 PM Herfy Food, Al-Rajhi Bank ink SAR 110m Murabaha deal

Riyadh – Mubasher: Herfy Food Services Co. on Thursday signed a credit facilities agreement (Islamic Murabaha) with Al Rajhi Bank at a value of SAR 110 million. The six-year facilities are effective Thursday, 20 July until 19 July 2023, according …

Companies Investments

13 July 2017 02:38 PM Al-Rajhi sees private transaction below trading price

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) on Thursday witnessed a private transaction on Al-Rajhi Bank’s stock at a total value of SAR 594 million for 9 million shares. The transaction came at SAR 66 per share, falling below the …

Trading Activities

12 July 2017 05:36 PM Al Rajhi Bank proposes 15% dividends for H1-17

Riyadh – Mubasher: The board members of Al Rajhi Bank recommended distributing 15% of capital as cash dividends for the first half of fiscal year 2017. The Saudi company will pay SAR 1.5 per share as a dividend, with a total value of SAR 2.438 …

Board of Directors

19 June 2017 01:41 PM One private transaction on Tadawul totals SAR 732m

Riyadh – Mubasher: One transaction privately executed on the Saudi Stock Exchange (Tadawul) on Al Rajhi Bank’s shares on Monday totalled SAR 732 million. The transaction saw the trading of 12 million of the bank’s shares at SAR 61 per share. …

Trading Activities

13 June 2017 00:49 PM One private transaction on Al Rajhi Bank totals SAR 30m

Riyadh – Mubasher: One transaction privately executed on the Saudi Stock Exchange (Tadawul) on Al Rajhi Bank’s shares on Tuesday totalled SAR 30.14 million. The transaction saw the trading of 487,730 of the company's shares at SAR 61.80 per share, …

Trading Activities

1 June 2017 11:33 AM Three KSA-listed firms join MSCI EM Thursday

Riyadh – Mubasher: Three Saudi-listed firms joined the MSCI Emerging Markets (EM) Index by the beginning of Thursday’s trades. The companies are Al Rajhi, Al Yamamah Steel, and Alujain Corp. As per a biannual study for the index, Abdullah Al …

Event

25 May 2017 01:58 PM One private transaction on Tadawul totals SAR 16m

Riyadh – Mubasher: One transaction privately executed on the Saudi Stock Exchange (Tadawul) on Al Rajhi’s shares on Thursday totalled SAR 15.58 million. The transaction saw the trading of 249,290 million of the company shares at SAR 62.50 per …

Trading Activities

18 May 2017 01:18 PM One private transaction on Al Rajhi Bank totals SAR 13m

Riyadh – Mubasher: One transaction privately executed on Al Rajhi Bank’s shares on the Saudi Stock Exchange (Tadawul) totalled SAR 12.65 million on Thursday. The transaction saw the trading of 202,370 of the company's shares at SAR 62.50 per …

Trading Activities

16 May 2017 04:24 PM Three Saudi stocks join MSCI EM Index

Riyadh – Mubasher: The MSCI Emerging Markets (EM) Index’s semi‐annual review added three Saudi companies to the small- and medium-sized companies index, namely Al Rajhi, Al Yamamah Steel Industries Co, and Alujain Corp, while removing Abdullah Al …

Trading Activities

17 April 2017 08:49 AM Al Rajhi Bank Q1 profits rise 10.11%

Mubasher: Al Rajhi Bank achieved a growth of 10.11% in profits during the first quarter of 2017 when compared to the same period of 2016. The bank’s earnings increased to SAR 2.22 billion from SAR 2.02 billion in Q1-16, according to a bourse …

Financial Results

10 April 2017 01:48 PM Global banks tend to expand in KSA – Analysis

By: Mahmoud Salah Aldin Riyadh – Mubasher: Four global and Arab banks aspired to expand in Saudi Arabia lately, including the Bank of Tokyo-Mitsubishi UFJ which obtained the licence from the Saudi Arabian Monetary Agency (SAMA) to open a branch in …

Macroeconomics

4 April 2017 01:00 PM Profits of 40 KSA firms to rise 4% in Q1-17 - Osool & Bakheet

Riyadh – Mubasher: Osool and Bakheet Investment Co expected that the profits of 40 Saudi-listed firms will grow 3.84% in the first quarter of 2017. The companies are forecast to record net earnings of SAR 17 billion in Q1 compared to SAR 16.4 …

Financial Results