AL RAJHI BANKING AND INVESTMENT CORPORATION

Al Rajhi Banking and Investment Corporation

1120

SA0007879113

Banks

Market Closed - Saudi Arabian S.E. Other stock markets 13:20:04 15/05/2024 BST			5-day change	1st Jan Change
80.1 ^SAR	+0.38%		-0.87%	-7.40%

05-14	Zain KSA Secures Banking Facilities for Network Infrastructure Improvements	MT
05-12	Al Rajhi Bank Finalizes Additional Tier 1 Capital Sustainable Sukuk Offering	MT

Al Rajhi Banking and Investment Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024

April 28, 2024

Al Rajhi Banking and Investment Corporation reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported net income was SAR 4,405 million compared to SAR 4,145 million a year ago. Basic earnings per share from continuing operations was SAR 1.05 compared to SAR 0.99 a year ago.

Latest news about Al Rajhi Banking and Investment Corporation

Zain KSA Secures Banking Facilities for Network Infrastructure Improvements	05-14	MT
Al Rajhi Bank Finalizes Additional Tier 1 Capital Sustainable Sukuk Offering	05-12	MT
Al Rajhi Bank Launches Additional Tier 1 Capital Sustainable Sukuk Offering	05-09	MT
Al Rajhi Bank Plans Issuance of Additional Tier 1 Capital Sukuk	05-08	MT
Gulf bourses end higher as Fed cut hopes rise	05-05	RE
Saudi Arabia's Al Rajhi Bank's Q1 Net Profit Grows	04-29	MT
Al Rajhi Banking and Investment Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	04-28	CI
Saudi’s Neom Eyes Debut Sukuk Sale to Raise Funds for $1.5 Trillion Project	04-17	MT
Most Gulf markets in red on US rate cut concerns, geopolitical tensions	04-16	RE
Saudi-based Ladun Investment Secures SAR573 Million Credit Facility	04-16	MT
Morgan Stanley: Saudi Banks’ Liquidity Pressures Ease on Back of Strong Deposit Mix in February	04-04	MT
Al Rajhi Bank Approves Cash Dividends for the Second Half of the Fiscal Year Ended 31 December 2023, Payable on April 03, 2024	03-25	CI
Saudi Arabia-based Mulkia Investment Amends Bank Facilities	03-19	MT
Alkhorayef Water and Power Technologies Secures SAR536 Million Bank Facility Agreement for Subsidiary	03-07	MT
Al Rajhi Bank Completes Offering of $1 Billion Sustainable Sukuk	03-06	MT
Al Rajhi Banking Commences Sustainable Sukuk Offer	03-05	MT
Al Rajhi Bank Plans Issuance of Sustainable Sukuk	03-04	MT
Al Rajhi Banking and Investment Corporation Recommends Cash Dividends to the Shareholders for the Second Half of 2023	02-25	CI
Al Rajhi Banking and Investment Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	02-01	CI
Al Rajhi Banking and Investment Corporation Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	02-01	CI
Dubai leads most Gulf markets higher	01-24	RE
MIDEAST STOCKS-Major Gulf markets ease as rate cut hopes recede; IHC buoys Abu Dhabi	01-03	RE
Al Rajhi Bank Announces Two Key Appointments	11-28	CI
Al Rajhi Banking and Investment Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	26/10/23	CI
Al Rajhi Banking and Investment Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	24/07/23	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

24/07/2024 - 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

80.1 SAR

Average target price

86.55 SAR

Spread / Average Target

+8.05%

Consensus

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Quarterly earnings - Rate of surprise

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Sector Retail & Mortgage Banks

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Retail & Mortgage Banks