Shares of Al Rajhi Bank hit all-time high
- Date: 17-Apr-2022
- Source: Argaam
- Sector:Financial Services
- Country:Saudi Arabia
Shares of Al Rajhi Bank hit all-time high
Shares of Al Rajhi Bank ended today’s session 3% higher at SAR 172.40, its highest close since listing, with a robust trading volume of nearly SAR 6 million.
Al Rajhi Bank was founded in 1957. Later in 1978, Al Rajhi’s various sole proprietorships were merged together as Al Rajhi Banking Trading Co., while the Bank was established as a Saudi joint stock company in 1988.
The bank opened its first men's branch in Riyadh's Deira district in 1957 and the first women's branch in 1979 in Al-Shemaysi neighborhood.
The lender carries out a full range of Shariah-compliant banking and investment operations for own or third-party purposes locally and overseas.
The company was listed on the Saudi Stock Exchange (Tadawul) on Dec. 1, 1988.
The following table shows the Bank’s key financial indicator:
The bank increased its capital six times through issuing bonus shares to reach a current capital of SAR 25 billion.
The General Organization for Social Insurance (GOSI) is the major shareholder in Al Rajhi Bank with a stake of 9.61%.