Shares of Al Rajhi Bank hit all-time high

Logo of Al Rajhi Bank

Shares of Al Rajhi Bank ended today’s session 4% higher at SAR 177.60, its highest close since listing, with a robust traded volume of nearly 5.8 million shares.

The stock hit a fresh all-time high of SAR 179.40 during the session.

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. It was established as a Saudi joint stock company in 1988.

The bank opened its first men's branch at Deira district, Riyadh in 1957 and the first women's branch at Al-Shemaysi neighborhood in 1979.

The lender carries out a full range of Shariah-compliant banking and investment operations for own or third-party purposes locally and overseas.

The bank was listed on the Saudi Stock Exchange (Tadawul) on Dec. 1, 1988.

The following table shows the bank’s key financial indicators:

The bank increased its capital six times through issuing bonus shares to reach SAR 25 billion currently.

The General Organization for Social Insurance (GOSI) is the major shareholder in Al Rajhi Bank with a stake of 9.61%.