Al Rajhi Bank (1120)

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News

21 December 2017 02:52 PM CI downgrades Al Rajhi'S FCR to negative

Riyadh – Mubasher: Capital Intelligence (CI) has affirmed Al Rajhi Bank’s Long-Term Foreign Currency Rating (FCR) to 'A+' and affirmed its Short-Term FCR at 'A1', with  'Negative' Outlook from 'Stable', The international credit rating agency said …

Ratings

21 December 2017 00:01 PM Al Rajhi Bank’s stock sees SAR 32.5m private deal

Riyadh – Mubasher: A private transaction was executed on Al Rajhi Bank’s stock totaled SAR 32.5 million on Thursday on the Saudi Stock Exchange (Tadawul). The stock saw trading of 500,000 shares at SAR 65 per share, according to a bourse filing. …

Trading Activities

20 December 2017 00:05 PM Al Rajhi Bank, Advanced Petrochemical see SAR 35m deals Wednesday

Riyadh – Mubasher: Two private transactions were executed on Wednesday on the stocks of Al Rajhi Bank and Advanced Petrochemical Company on the Saudi Stock Exchange (Tadawul) at a total value of  SAR 35 million.  Al Rajhi Bank’s stock saw trading …

Trading Activities

26 November 2017 11:28 AM AL Rajhi denies selling 25% of its stake

Riyadh- Mubasher: Al Rajhi Bank, the Saudi Arabia's second-largest bank by assets, said on its official Twitter account that the Saudi Public Investment Fund (PIF) has not bought a 25% stake of the bank. Al Rajhi also denied holding an …

General News

26 October 2017 10:28 AM Tasnee inks SAR 2.93bn joint murabaha facility deal with eight banks

Riyadh – Mubasher: Saudi Arabia-based, National Industrialization Company (Tasnee) signed on Wednesday, 25 October, syndicated murabaha facility agreement at a value of SAR 2.93 billion ($781 million) with eight banks. The eight banks are: Riyad …

Corporate Actions

22 October 2017 01:57 PM 4 private transactions on TASI total SAR 59m

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) witnessed the execution of four private transactions worth a combined value of SAR 59.47 million, while total traded volume involved 4.7 million shares. The transactions were executed on …

Trading Activities

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 …

Trading Activities

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 …

Ratings

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, …

Event

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 …

Stock Evaluations