Al Rajhi Bank shares close all-time high since 2006

Al Rajhi Bank headquarters

Shares of Al Rajhi Bank hit today, Oct. 5, their highest level since 2006, or in 15 years, at SAR 129.

The stock closed 2% higher today at SAR 128.20, hitting the highest level since 2006, amid trading of nearly 4.2 million shares.

Accordingly, the stock saw a year-to-date increase of about 75%.

Al Rajhi Bank began its activities in 1957. In 1978, the various individual establishments under the Al Rajhi name were merged under one umbrella Al Rajhi Trading and Exchange Corporation. In 1988, the bank was established as a Saudi share holding company.

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

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

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

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

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

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