SNB logs lowest close since November 2020

16/03/2023 Argaam Special
Logo ofSaudi National Bank (SNB)

Logo of Saudi National Bank (SNB)


Shares of Saudi National Bank (SNB) closed today, March 16, at their lowest levels since November 2020, falling 3% to SAR 41.50 each, with a trading volume of nearly 31 million shares. 

 

The stock recorded its lowest price today at SAR 39.75 per share.

 

The lender listed as National Commercial Bank on the Saudi Exchange (Tadawul) in 2014.

 

It merged with Samba Financial Group (SAMBA) in April 2021 under the name of SNB, with a capital of SAR 44.78 billion.

 

SNB's Stock Performance

Annual High (SAR)

82.00

May 8, 2022

Annual Low (SAR)

39.75

Today, March 16, 2023

Historical High (SAR)

82.00

May 8, 2022

Historical Low (SAR)

21.34

Sept. 29, 2016

Highest Trading Volume (mln shares)

96.50

Nov. 18, 2014

 

The following table shows the key financial indicators:

 

Key Financial Indicators

Earnings Per Share (TTM) (SAR)

4.15

P/E (TTM) (x)

9.57

Book Value (SAR)

33.61

P/B Ratio (x)

1.23

 

Capital to Capital (SAR mln)

Year

Increase Method

Old Capital

New Capital

Change %

2021

Merger

30.00

44.78

49%

2018

Bonus Shares

20.00

30.00

50%

 

Last October, SNB announced its commitment to participate in the capital raise announced by Credit Suisse Group AG, Argaam earlier reported.

 

It said it will invest up to CHF 1.5 billion (SAR 5.7 billion) in the group to hold a stake of up to 9.9% through a private placement of non-pre-emptive shares by Credit Suisse.

 

On March 15, Credit Suisse stock closed 25% down at its all-time low, after announcing fundamental weaknesses in its financial reports, and following reports that it was facing liquidity crunch.

 

Credit Suisse shares rose sharply in early trade today, after the bank announced it had obtained a $53.7 billion loan to support liquidity. The Swiss Central Bank also confirmed its willingness to support the lender.

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