Al Rajhi Bank shares close all-time high

Logo of Al Rajhi Bank

Shares of Al Rajhi Bank hit today, Jan. 13, their highest level since February 2006, at SAR 151.40.

The stock closed with less than 1% increase at SAR 151 per share, its highest closing since listing, amid nearly 3.71 million shares traded.

Accordingly, the stock saw a 52-week increase of 100%.

Al Rajhi Bank started its operations in 1957. Later in 1978, Al Rajhi’s various sole proprietorships were merged under a single umbrella, Al Rajhi Banking Trading Co., and 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 most important financial indicators of the bank:

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%.