Bank Albilad shares hit all-time high

Bank Albilad building

Shares of Bank Albilad hit their highest level since listing today, April 13, at SAR 60.40.

The stock rose 6% in the early session, with nearly one million shares traded so far.

Recently, the bank’s general assembly approved a 33.33% capital hike from SAR 7.5 billion to SAR 10 billion, through bonus shares.

Established in November 2004, the bank was listed on the Saudi Stock Exchange (Tadawul) in April 2005.

The bank provides all Sharia-compliant banking, financing and investment services, in addition to asset management and brokerage services through its subsidiary, Albilad Capital.

 The following table shows the most important financial indicators of the bank:

The bank increased its capital five times by issuing bonus shares to reach the current capital of SAR 10 billion.