AL RAJHI BANKING AND INVESTMENT CORPORATION

Al Rajhi Banking and Investment Corporation

1120

SA0007879113

Banks

End-of-day quote Saudi Arabian S.E. Other stock markets 06:00:00 2024-04-23 pm EDT			5-day change	1st Jan Change
78.6 ^SAR	-0.13%		-2.36%	-9.13%

Apr. 17	Saudi’s Neom Eyes Debut Sukuk Sale to Raise Funds for $1.5 Trillion Project	MT
Apr. 16	Most Gulf markets in red on US rate cut concerns, geopolitical tensions	RE

Al Rajhi Bank Announces End of Merger Talk Between Malaysian Unit and MIDF

November 08, 2020 at 12:54 am EST

Al Rajhi Banking and Investment Corporation (SASE:1120) ends talks on potential merger between unit Al Rajhi Banking & Investment Corporation (Malaysia) Berhad and Malaysian Industrial Development Finance Berhad as no agreement reached.

Latest news about Al Rajhi Banking and Investment Corporation

Saudi’s Neom Eyes Debut Sukuk Sale to Raise Funds for $1.5 Trillion Project	Apr. 17	MT
Most Gulf markets in red on US rate cut concerns, geopolitical tensions	Apr. 16	RE
Saudi-based Ladun Investment Secures SAR573 Million Credit Facility	Apr. 16	MT
Morgan Stanley: Saudi Banks’ Liquidity Pressures Ease on Back of Strong Deposit Mix in February	Apr. 04	MT
Al Rajhi Bank Approves Cash Dividends for the Second Half of the Fiscal Year Ended 31 December 2023, Payable on April 03, 2024	Mar. 25	CI
Saudi Arabia-based Mulkia Investment Amends Bank Facilities	Mar. 19	MT
Alkhorayef Water and Power Technologies Secures SAR536 Million Bank Facility Agreement for Subsidiary	Mar. 07	MT
Al Rajhi Bank Completes Offering of $1 Billion Sustainable Sukuk	Mar. 06	MT
Al Rajhi Banking Commences Sustainable Sukuk Offer	Mar. 05	MT
Al Rajhi Bank Plans Issuance of Sustainable Sukuk	Mar. 04	MT
Al Rajhi Banking and Investment Corporation Recommends Cash Dividends to the Shareholders for the Second Half of 2023	Feb. 24	CI
Al Rajhi Banking and Investment Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 01	CI
Al Rajhi Banking and Investment Corporation Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 01	CI
Dubai leads most Gulf markets higher	Jan. 24	RE
MIDEAST STOCKS-Major Gulf markets ease as rate cut hopes recede; IHC buoys Abu Dhabi	Jan. 03	RE
Al Rajhi Bank Announces Two Key Appointments	Nov. 28	CI
Al Rajhi Banking and Investment Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	23-10-26	CI
Al Rajhi Banking and Investment Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-07-24	CI
Saudi bourse gains, Dubai extends losses ahead of U.S. debt-limit talks	23-05-16	RE
Al Rajhi Banking and Investment Corporation Reports Earnings Results for the First Quarter Ended March 31, 2023	23-04-27	CI
Riyad Bank and Al Rajhi Bank Eye Acquisition of Egypt's United Bank	23-02-16	CI
Saudi's Al Rajhi Bank 2022 net profit rises 16% on higher operating income	23-01-30	RE
Al Rajhi Banking and Investment Corporation Reports Earnings Results for the Full Year Ended December 31, 2022	23-01-29	CI
Al Rajhi Bank Announces to Distribute Dividends to Shareholders for the Year 2022	23-01-14	CI
Al Rajhi Bank Appoints Waleed Abdullah Almogbel as an Executive Member of the Board of Director	22-11-10	CI

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Company Profile

Al Rajhi Banking & Investment Corporation SJSC is a Saudi Arabia-based bank, which is engaged in banking and investment activities. The Bank operates under the following segments: Retail, which includes individual customer deposits, credit facilities, customer debit current accounts (overdrafts), fees from banking services and remittance business; Corporate, which includes deposits of Very Important Person (VIP), corporate customers deposits, credit facilities, and debit current accounts (overdrafts); Treasury, which incorporates treasury services, Murabaha with Saudi Monetary Agency (SAMA) and international Mutajara portfolio, as well as Investment Services and Brokerage, which includes investments of individuals and businesses in mutual funds, local and international share trading services and investment portfolios.

Sector

Banks

Calendar

2024-07-24 - Q2 2024 Earnings Release (Projected)

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Ratings for Al Rajhi Banking and Investment Corporation

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

78.6 SAR

Average target price

87.75 SAR

Spread / Average Target

+11.64%

Consensus

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Quarterly earnings - Rate of surprise

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Sector Retail & Mortgage Banks

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AL RAJHI BANKING AND INVESTMENT CORPORATION	-9.13%	83.82B
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FEDERAL NATIONAL MORTGAGE ASSOCIATION	+37.37%	8.44B
ABSA GROUP LIMITED	-15.58%	5.96B
PENNYMAC FINANCIAL SERVICES, INC.	+4.19%	4.69B
LIC HOUSING FINANCE LIMITED	+23.83%	4.45B
WALKER & DUNLOP, INC.	-15.29%	3.16B
WSFS FINANCIAL CORPORATION	-1.85%	2.71B
CATHAY GENERAL BANCORP	-20.28%	2.58B

Retail & Mortgage Banks

Al Rajhi Banking and Investment Corporation

Equities

1120

SA0007879113

Banks

Al Rajhi Bank Announces End of Merger Talk Between Malaysian Unit and MIDF

EPS Revisions