Saudi National Bank shares hit highest level since listing

24/10/2021 Argaam Special

Logo of Saudi National Bank (SNB)


Shares of Saudi National Bank (SNB) hit their highest level since listing, at SAR 66 today, Oct. 24.

 

The bank announced today a net profit of SAR 3.785 billion for Q3 2021, a 20% year-on-year (YoY) increase.

 

National Commercial Bank (NCB) was listed in the Saudi Stock Exchange (Tadawul) in 2014, and merged with Samba Financial Group last April under Saudi National Bank brand with a capital of SAR 44.78 billion.

 

SNB Stock Performance

Annual High (SAR)

66.00

Today, Oct. 24, 2021

Annual Low (SAR)

38.60

Nov. 1, 2020

Historical High (SAR)

66.00

Today, Oct. 24, 2021

Historical Low (SAR)

21.34

Sept. 29, 2016

Highest Traded Volume (SAR mln)

96.50

Nov. 18, 2014

 

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

 

Key Financial Indicators

Earnings Per Share (last 12 months) (SAR)

3.08

Operating P/E (last 12 months) (x)

21.23

Book Value (SAR)

35.66

P/B Ratio (x)

1.83

 

The bank increased its capital twice, one of which was for the purpose of merger with Samba, while the other was through issuing bonus shares.

 

Capital Amendments (SAR bln)

Date

Method

Previous Capital

New Capital

Variation

2020

Merger

30.00

44.78

+ 49%

2018

Bonus shares

20.00

30.00

+ 50%

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