Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  SAUDI ARABIA STOCK EXCHANGE  >  Alawwal Bank    1040   SA0007879071

ALAWWAL BANK

(1040)
  Report  
SummaryNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Alawwal bank : net profit in 2018 hits SR1.130 billion

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/12/2019 | 12:29pm EDT

Alawwal Bank

ALAWWAL bBank recorded net profit of SR1,130 million for the financial year ending 31 December 2018. The year ended with net profit for the final quarter up by 10.3% vs Q3, following strong operating income and stable costs.

The bank maintained strong loan coverage ratios, with loans and advances at SR57.8 billion for 2018, down -9.2% on 2017.

At the end of 2018, Alawwal bank’s total assets amounted to SR82 billion, down 17.9% compared to the previous year.

Eng. Mubarak Al-Khafra, Chairman, Alawwal Bank, said: “Alawwal bank has been making banking history in the Kingdom ever since it first opened its doors in 1926. This is set to continue as we look forward to completing the potential merger with Saudi British Bank (SABB) in the first half of 2019. Alawwal bank and SABB will be a strong and exciting combination having capacity and scale to support the ambitions under the Kingdom’s Vision 2030 and the National Transformation Program”.

Soren Nikolajsen, Managing Director, Alawwal bank, added: “2018 has been a challenging year, yet we have continued our focus on maintaining cost controls in line with 2017, as well as strengthening our capital and liquidity positions. Our Tier 1 capital and total capital adequacy ratios are now the strongest they have been in the bank’s history.”

Nikolajsen added: “The bank has further strengthened its position as the leading provider of digital banking services in the Kingdom. Popular new services such as faster access to mobile banking through fingerprint and face recognition have helped increase online and mobile transactions by 27% in 2018, with the total number of customers using the bank’s digital services also up 27%.” — SG

(c) 2019 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

Stocks mentioned in the article
ChangeLast1st jan.
ALAWWAL BANK End-of-day quote.
SAUDI BRITISH BANK SJSC End-of-day quote.
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ALAWWAL BANK
04/15ALAWWAL BANK : Samba stocks see SAR10m private deals on Monday
AQ
03/11SAUDI BRITISH BANK SJSC : SABB confirms ongoing merger with Alawwal Bank
AQ
02/13ALAWWAL BANK : 's profit drops 15% in 2018
AQ
02/12ALAWWAL BANK : net profit in 2018 hits SR1.130 billion
AQ
02/05ALAWWAL BANK : Al Khodari renews SAR 345m loan with Alawwal Bank
AQ
02/05ALAWWAL BANK : Abdullah A. M. Al-Khodari Sons Company announces the renewal of I..
AQ
02/05ALAWWAL BANK : Abdullah A. M. Al-Khodari Sons Company announces the renewal of I..
AQ
2018ALAWWAL BANK : wins ‘CEO of the Year in Retail Banking'
AQ
2018ALAWWAL BANK : hones women's leadership skills
AQ
2018MESC inks debt-restructuring deal with 6-bank consortium
AQ
More news
Financials (SAR)
Sales 2019 3 557 M
EBIT 2019 2 180 M
Net income 2019 1 128 M
Debt 2019 -
Yield 2019 2,35%
P/E ratio 2019 18,21
P/E ratio 2020 16,38
Capi. / Sales 2019 6,03x
Capi. / Sales 2020 5,61x
Capitalization 21 444 M
Chart ALAWWAL BANK
Duration : Period :
Alawwal Bank Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 5
Average target price 16,6  SAR
Spread / Average Target -12%
EPS Revisions
Managers
NameTitle
Soren Kring Nikolajsen Chief Executive Officer & Executive Director
Mubarak bin Abdullah Al-Khafra Chairman
Majed Al-Ghanemi Chief Operating Officer
Abdullah Al-Oraini Chief Financial Officer
Javier Maldonado Trinchant Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
ALAWWAL BANK5 719
JP MORGAN CHASE & COMPANY16.23%368 503
INDUSTRIAL AND COMMERCIAL BANK OF CHINA12.29%306 958
BANK OF AMERICA21.88%287 339
CHINA CONSTRUCTION BANK CORPORATION19.15%242 714
WELLS FARGO3.26%216 106