Al Rajhi Bank’s 2023 profit down 3% to SAR 16.6B; Q4 at SAR 4.17B

Al Rajhi Bank’s 2023 profit down 3% to SAR 16.6B; Q4 at SAR 4.17B

31/01/2024 Argaam Exclusive

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Al Rajhi Bank reported a 3% decline in net profit to SAR 16.62 billion for 2023, compared to SAR 17.15 billion in the prior-year period.



Financials (M)

Item 2022 2023 Change‬
Net Income from investments and financial activities 22,172.69 21,269.12 (4.1 %)
Operating Income 28,575.02 27,531.41 (3.7 %)
Total Provisions (2001.26) (1504.18) 24.8 %
Net Income 17,150.83 16,621.16 (3.1 %)
Average Shares 4,000.00 4,000.00 -
EPS (Riyals) 4.29 4.16 (3.1 %)
EPS Diluted (Riyals) 4.24 3.95 (6.8 %)

Net profit decreased due to a decline in total operating income by 3.7% year-on-year (YoY) caused by lower net financing and investment income, and fees from banking services. Meanwhile, foreign exchange income and other operating income edged up.

 

On the other hand, total operating expenses including impairment charges for financing fell 4.8% YoY due to a drop in net impairment charges for financing as well as general and administrative expenses. Depreciation and amortization expenses, along with salaries and employee-related benefits, increased.

 

Net credit losses provisions declined on lower provisions booked for the period by 6.5% and a 20.7% rise YoY in recoveries from written off financing.



Current Quarter Comparison (M)

Compared With The
Item Q4 2022 Q4 2023 Change‬
Net Income from investments and financial activities 5,578.73 5,549.55 (0.5 %)
Operating Income 7,264.14 7,050.83 (2.9 %)
Debt Provisions (352.58) (405.61) (15.0 %)
Net Income 4,404.33 4,170.62 (5.3 %)
Average Shares 4,000.00 4,000.00 -
EPS (Riyals) 1.10 1.04 (5.3 %)
EPS Diluted (Riyal) 1.08 0.99 (8.3 %)

Balance Sheet (B)

Item 2022 2023 Change‬
Assets 761.62 808.10 6.1 %
Customer Deposits 564.92 573.10 1.4 %
Financing Investments 568.34 594.20 4.6 %

The fourth-quarter net profit declined 5% to SAR 4.17 billion from SAR 4.40 billion in Q4 2022.

 

Sequentially, the Q4 bottom line grew by 0.4% from SAR 4.15 billion in Q3 2023.

 

Shareholders’ equity, with no minority interest and after excluding sukuk, stood at SAR 90.25 billion by the end of December 2023, compared to SAR 83.72 billion in the year-earlier period.

 

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Financial results (Million)

Period Net Income from investments and financial activities Change Operating Income Change Debt Provisions Change
Q1 2014 2,426.42 2.8 % 3,497.93 1.6 % (693.89) (74.8 %)
Q2 2014 2,493.85 4.1 % 3,643.60 6.1 % (598.15) (94.1 %)
Q3 2014 2,378.18 (1.9 %) 3,439.41 0.3 % (597.10) 14.2 %
Q4 2014 2,518.88 2.0 % 3,086.04 (12.9 %) (423.04) 55.4 %
Q1 2015 2,463.48 1.5 % 3,422.25 (2.2 %) (521.78) 24.8 %
Q2 2015 2,514.14 0.8 % 3,534.65 (3.0 %) (467.43) 21.9 %
Q3 2015 2,494.69 4.9 % 3,195.06 (7.1 %) (419.97) 29.7 %
Q4 2015 2,486.63 (1.3 %) 3,593.81 16.5 % (548.84) (29.7 %)
Q1 2016 2,574.33 4.5 % 3,695.05 8.0 % (537.49) (3.0 %)
Q2 2016 2,780.55 10.6 % 3,923.66 11.0 % (555.28) (18.8 %)
Q3 2016 2,914.48 16.8 % 3,877.85 21.4 % (541.44) (28.9 %)
Q4 2016 2,921.23 17.5 % 3,812.32 6.1 % (508.04) 7.4 %
Q1 2017 2,885.74 12.1 % 3,853.09 4.3 % (372.41) 30.7 %
Q2 2017 2,954.42 6.3 % 3,876.96 (1.2 %) (405.29) 27.0 %
Q3 2017 3,032.11 4.0 % 3,976.36 2.5 % (409.88) 24.3 %
Q4 2017 3,157.15 8.1 % 4,198.45 10.1 % (360.00) 29.1 %
Q1 2018 3,441.33 19.3 % 4,142.41 7.5 % (450.43) (21.0 %)
Q2 2018 3,551.95 20.2 % 4,288.07 10.6 % (333.22) 17.8 %
Q3 2018 3,682.34 21.4 % 4,383.35 10.2 % (417.26) (1.8 %)
Q4 2018 3,811.37 20.7 % 4,505.69 7.3 % (330.03) 8.3 %
Q1 2019 3,943.96 14.6 % 4,638.94 12.0 % (389.42) 13.5 %
Q2 2019 4,060.69 14.3 % 4,861.11 13.4 % (385.63) (15.7 %)
Q3 2019 4,163.61 13.1 % 4,981.23 13.6 % (332.27) 20.4 %
Q4 2019 4,259.46 11.8 % 5,003.18 11.0 % (664.95) (101.5 %)
Q1 2020 4,110.48 4.2 % 4,967.56 7.1 % (692.81) (77.9 %)
Q2 2020 3,967.69 (2.3 %) 4,807.76 (1.1 %) (457.96) (18.8 %)
Q3 2020 4,196.45 0.8 % 5,152.13 3.4 % (464.94) (39.9 %)
Q4 2020 4,638.39 8.9 % 5,793.81 15.8 % (550.04) 17.3 %
Q1 2021 4,770.55 16.1 % 5,947.58 19.7 % (576.99) 16.7 %
Q2 2021 5,051.78 27.3 % 6,336.32 31.8 % (583.97) (27.5 %)
Q3 2021 5,214.76 24.3 % 6,577.68 27.7 % (593.81) (27.7 %)
Q4 2021 5,354.85 15.4 % 6,854.82 18.3 % (590.32) (7.3 %)
Q1 2022 5,340.17 11.9 % 6,956.56 17.0 % (578.31) (0.2 %)
Q2 2022 5,566.76 10.2 % 7,147.86 12.8 % (580.42) 0.6 %
Q3 2022 5,687.02 9.1 % 7,206.46 9.6 % (489.96) 17.5 %
Q4 2022 5,578.73 4.2 % 7,264.14 6.0 % (352.58) 40.3 %
Q1 2023 5,125.26 (4.0 %) 6,780.62 (2.5 %) (358.78) 38.0 %
Q2 2023 5,193.67 (6.7 %) 6,827.45 (4.5 %) (360.39) 37.9 %
Q3 2023 5,400.64 (5.0 %) 6,872.51 (4.6 %) (379.40) 22.6 %
Q4 2023 5,549.55 (0.5 %) 7,050.83 (2.9 %) (405.61) (15.0 %)
2023 21,269.12 (4.1 %) 27,531.41 (3.7 %) (1,504.18) 24.8 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
Q1 2014 1,705.80 (16.9 %) 0.43 - 1,705.80 0.43
Q2 2014 1,948.95 (8.2 %) 0.49 - 1,948.95 0.49
Q3 2014 1,661.61 (3.2 %) 0.42 - 1,661.61 0.42
Q4 2014 1,519.81 (1.7 %) 0.38 - 1,519.81 0.38
Q1 2015 1,518.55 (11.0 %) 0.38 - 1,518.55 0.38
Q2 2015 1,941.37 (0.4 %) 0.49 - 1,941.37 0.49
Q3 2015 1,721.40 3.6 % 0.43 - 1,721.40 0.43
Q4 2015 1,948.77 28.2 % 0.49 - 1,948.77 0.49
Q1 2016 2,017.27 32.8 % 0.50 - 2,017.27 0.50
Q2 2016 2,051.93 5.7 % 0.51 - 2,051.93 0.51
Q3 2016 2,009.49 16.7 % 0.50 - 2,009.49 0.50
Q4 2016 2,047.27 5.1 % 0.51 - 2,047.27 0.51
Q1 2017 2,220.90 10.1 % 0.56 - 2,220.90 0.56
Q2 2017 2,181.65 6.3 % 0.55 - 2,181.65 0.55
Q3 2017 2,265.21 12.7 % 0.57 - 2,265.21 0.57
Q4 2017 2,452.97 19.8 % 0.61 - 2,452.97 0.61
Q1 2018 2,306.28 3.8 % 0.58 - 2,306.28 0.58
Q2 2018 2,474.22 13.4 % 0.62 - 2,474.22 0.62
Q3 2018 2,515.98 11.1 % 0.63 - 2,515.98 0.63
Q4 2018 (3528.54) (243.8 %) (0.88) (5405.27) 1,876.74 0.47
Q1 2019 2,567.99 11.3 % 0.64 - 2,567.99 0.64
Q2 2019 2,533.91 2.4 % 0.63 - 2,533.91 0.63
Q3 2019 2,738.82 8.9 % 0.68 - 2,738.82 0.68
Q4 2019 2,317.81 165.7 % 0.58 - 2,317.81 0.58
Q1 2020 2,380.15 (7.3 %) 0.60 - 2,380.15 0.60
Q2 2020 2,436.10 (3.9 %) 0.61 - 2,436.10 0.61
Q3 2020 2,657.85 (3.0 %) 0.66 - 2,657.85 0.66
Q4 2020 3,121.45 34.7 % 0.78 - 3,121.45 0.78
Q1 2021 3,335.49 40.1 % 0.83 - 3,335.49 0.83
Q2 2021 3,604.69 48.0 % 0.90 - 3,604.69 0.90
Q3 2021 3,793.75 42.7 % 0.95 - 3,793.75 0.95
Q4 2021 4,012.29 28.5 % 1.00 - 4,012.29 1.00
Q1 2022 4,133.55 23.9 % 1.03 - 4,133.55 1.03
Q2 2022 4,258.30 18.1 % 1.06 - 4,258.30 1.06
Q3 2022 4,354.64 14.8 % 1.09 - 4,354.64 1.09
Q4 2022 4,404.33 9.8 % 1.10 - 4,404.33 1.10
Q1 2023 4,145.17 0.3 % 1.04 - 4,145.17 1.04
Q2 2023 4,150.06 (2.5 %) 1.04 - 4,150.06 1.04
Q3 2023 4,155.30 (4.6 %) 1.04 - 4,155.30 1.04
Q4 2023 4,170.62 (5.3 %) 1.04 - 4,170.62 1.04
2023 16,621.16 (3.1 %) 4.16 - 16,621.16 4.16

Profitability

Period Return On Average Assets Return on Average Equity Net Profit/Investment Income & Other Financing Operations
Q1 2014 2.52 % 18.69 % 69.90 %
Q2 2014 2.43 % 17.70 % 67.67 %
Q3 2014 2.40 % 17.73 % 67.40 %
Q4 2014 2.33 % 17.01 % 66.94 %
Q1 2015 2.19 % 16.15 % 64.97 %
Q2 2015 2.13 % 15.67 % 64.89 %
Q3 2015 2.15 % 15.69 % 64.99 %
Q4 2015 2.29 % 16.11 % 69.50 %
Q1 2016 2.37 % 17.11 % 73.30 %
Q2 2016 2.35 % 16.62 % 72.26 %
Q3 2016 2.45 % 16.95 % 71.49 %
Q4 2016 2.48 % 16.49 % 69.15 %
Q1 2017 2.52 % 16.92 % 68.98 %
Q2 2017 2.50 % 16.48 % 68.88 %
Q3 2017 2.61 % 16.90 % 70.37 %
Q4 2017 2.67 % 16.94 % 72.50 %
Q1 2018 2.69 % 18.07 % 70.20 %
Q2 2018 2.74 % 17.86 % 69.40 %
Q3 2018 2.81 % 18.51 % 68.09 %
Q4 2018 1.07 % 7.24 % 25.13 %
Q1 2019 1.13 % 7.95 % 25.96 %
Q2 2019 1.14 % 7.97 % 25.50 %
Q3 2019 1.19 % 8.56 % 26.12 %
Q4 2019 2.72 % 20.42 % 59.89 %
Q1 2020 2.64 % 19.83 % 58.21 %
Q2 2020 2.51 % 19.41 % 57.98 %
Q3 2020 2.45 % 18.89 % 57.50 %
Q4 2020 2.48 % 19.39 % 60.97 %
Q1 2021 2.56 % 21.23 % 64.03 %
Q2 2021 2.64 % 22.79 % 66.24 %
Q3 2021 2.74 % 23.38 % 67.76 %
Q4 2021 2.70 % 23.52 % 68.77 %
Q1 2022 2.66 % 23.72 % 69.34 %
Q2 2022 2.58 % 23.98 % 68.48 %
Q3 2022 2.53 % 23.40 % 65.92 %
Q4 2022 2.48 % 22.72 % 60.82 %
Q1 2023 2.40 % 22.20 % 55.22 %
Q2 2023 2.28 % 21.04 % 50.32 %
Q3 2023 2.19 % 20.38 % 46.09 %
Q4 2023 2.12 % 19.11 % 42.91 %
2023 2.12 % 19.11 % 42.91 %

Balance Sheet (B)

Period Assets Change Customer Deposits Change Financing Investments Change
Q1 2014 288.04 4.5 % 238.52 2.9 % 193.05 7.0 %
Q2 2014 295.15 8.0 % 245.42 7.9 % 200.93 8.7 %
Q3 2014 298.71 9.4 % 250.03 10.9 % 203.65 9.8 %
Q4 2014 307.71 9.9 % 256.08 10.6 % 205.94 10.2 %
Q1 2015 320.43 11.2 % 268.48 12.6 % 205.12 6.3 %
Q2 2015 327.07 10.8 % 269.42 9.8 % 210.62 4.8 %
Q3 2015 325.21 8.9 % 271.55 8.6 % 209.91 3.1 %
Q4 2015 315.62 2.6 % 257.82 0.7 % 210.22 2.1 %
Q1 2016 323.30 0.9 % 266.42 (0.8 %) 216.39 5.5 %
Q2 2016 331.38 1.3 % 272.65 1.2 % 224.52 6.6 %
Q3 2016 330.52 1.6 % 272.60 0.4 % 225.86 7.6 %
Q4 2016 339.71 7.6 % 272.59 5.7 % 224.99 7.0 %
Q1 2017 337.23 4.3 % 271.29 1.8 % 229.42 6.0 %
Q2 2017 345.60 4.3 % 285.39 4.7 % 232.80 3.7 %
Q3 2017 338.03 2.3 % 270.10 (0.9 %) 233.18 3.2 %
Q4 2017 343.12 1.0 % 273.06 0.2 % 233.54 3.8 %
Q1 2018 348.43 3.3 % 283.94 4.7 % 228.23 (0.5 %)
Q2 2018 347.59 0.6 % 280.39 (1.8 %) 226.54 (2.7 %)
Q3 2018 355.58 5.2 % 288.84 6.9 % 232.02 (0.5 %)
Q4 2018 364.03 6.1 % 293.91 7.6 % 231.76 (0.8 %)
Q1 2019 363.05 4.2 % 293.50 3.4 % 234.83 2.9 %
Q2 2019 369.20 6.2 % 300.56 7.2 % 238.50 5.3 %
Q3 2019 367.87 3.5 % 298.81 3.5 % 244.59 5.4 %
Q4 2019 384.09 5.5 % 312.41 6.3 % 249.68 7.7 %
Q1 2020 391.90 7.9 % 315.66 7.5 % 261.39 11.3 %
Q2 2020 417.68 13.1 % 334.66 11.3 % 274.93 15.3 %
Q3 2020 430.30 17.0 % 345.32 15.6 % 289.73 18.5 %
Q4 2020 468.82 22.1 % 382.63 22.5 % 315.71 26.4 %
Q1 2021 512.23 30.7 % 421.27 33.5 % 356.14 36.3 %
Q2 2021 546.14 30.8 % 447.51 33.7 % 390.30 42.0 %
Q3 2021 582.66 35.4 % 478.33 38.5 % 420.95 45.3 %
Q4 2021 623.64 33.0 % 512.07 33.8 % 452.83 43.4 %
Q1 2022 657.34 28.3 % 507.89 20.6 % 484.53 36.0 %
Q2 2022 709.28 29.9 % 552.96 23.6 % 519.70 33.2 %
Q3 2022 739.96 27.0 % 555.77 16.2 % 557.50 32.4 %
Q4 2022 761.62 22.1 % 564.92 10.3 % 568.34 25.5 %
Q1 2023 775.80 18.0 % 556.20 9.5 % 577.01 19.1 %
Q2 2023 783.93 10.5 % 570.67 3.2 % 579.08 11.4 %
Q3 2023 800.80 8.2 % 565.72 1.8 % 590.83 6.0 %
Q4 2023 808.10 6.1 % 573.10 1.4 % 594.20 4.6 %

Ratios

Period Customer Deposits Per Total Assets Financing Investments/Customer Deposits Financing Investments/Total Assets
Q1 2014 82.81 % 80.94 % 67.02 %
Q2 2014 83.15 % 81.87 % 68.07 %
Q3 2014 83.70 % 81.45 % 68.17 %
Q4 2014 83.22 % 80.42 % 66.93 %
Q1 2015 83.79 % 76.40 % 64.01 %
Q2 2015 82.38 % 78.17 % 64.40 %
Q3 2015 83.50 % 77.30 % 64.55 %
Q4 2015 81.69 % 81.54 % 66.60 %
Q1 2016 82.41 % 81.22 % 66.93 %
Q2 2016 82.28 % 82.35 % 67.75 %
Q3 2016 82.48 % 82.86 % 68.34 %
Q4 2016 80.24 % 82.54 % 66.23 %
Q1 2017 80.45 % 84.57 % 68.03 %
Q2 2017 82.58 % 81.57 % 67.36 %
Q3 2017 79.90 % 86.33 % 68.98 %
Q4 2017 79.58 % 85.53 % 68.06 %
Q1 2018 81.49 % 80.38 % 65.50 %
Q2 2018 80.67 % 80.80 % 65.18 %
Q3 2018 81.23 % 80.33 % 65.25 %
Q4 2018 80.74 % 78.85 % 63.66 %
Q1 2019 80.84 % 80.01 % 64.68 %
Q2 2019 81.41 % 79.35 % 64.60 %
Q3 2019 81.23 % 81.85 % 66.49 %
Q4 2019 81.34 % 79.92 % 65.01 %
Q1 2020 80.55 % 82.81 % 66.70 %
Q2 2020 80.12 % 82.15 % 65.82 %
Q3 2020 80.25 % 83.90 % 67.33 %
Q4 2020 81.61 % 82.51 % 67.34 %
Q1 2021 82.24 % 84.54 % 69.53 %
Q2 2021 81.94 % 87.22 % 71.46 %
Q3 2021 82.09 % 88.00 % 72.25 %
Q4 2021 82.11 % 88.43 % 72.61 %
Q1 2022 77.26 % 95.40 % 73.71 %
Q2 2022 77.96 % 93.99 % 73.27 %
Q3 2022 75.11 % 100.31 % 75.34 %
Q4 2022 74.17 % 100.60 % 74.62 %
Q1 2023 71.69 % 103.74 % 74.38 %
Q2 2023 72.80 % 101.47 % 73.87 %
Q3 2023 70.64 % 104.44 % 73.78 %
Q4 2023 70.92 % 103.68 % 73.53 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) EPS Diluted (Riyal) Book Value (BV)
Q1 2014 4,000.00 1.77 1.77 - 10.05
Q2 2014 4,000.00 1.73 1.73 - 10.17
Q3 2014 4,000.00 1.72 1.72 - 10.11
Q4 2014 4,000.00 1.71 1.71 - 10.47
Q1 2015 4,000.00 1.66 1.66 - 10.54
Q2 2015 4,000.00 1.66 1.66 - 11.02
Q3 2015 4,000.00 1.68 1.68 - 11.24
Q4 2015 4,000.00 1.78 1.78 - 11.66
Q1 2016 4,000.00 1.91 1.91 - 11.75
Q2 2016 4,000.00 1.93 1.93 - 12.26
Q3 2016 4,000.00 2.01 2.01 - 12.45
Q4 2016 4,000.00 2.03 2.03 - 12.99
Q1 2017 4,000.00 2.08 2.08 - 12.86
Q2 2017 4,000.00 2.11 2.11 - 13.40
Q3 2017 4,000.00 2.18 2.18 - 13.34
Q4 2017 4,000.00 2.28 2.28 - 13.94
Q1 2018 4,000.00 2.30 2.30 - 12.61
Q2 2018 4,000.00 2.37 2.37 - 13.20
Q3 2018 4,000.00 2.44 2.44 - 12.99
Q4 2018 4,000.00 0.94 2.29 - 12.08
Q1 2019 4,000.00 1.01 2.36 - 12.74
Q2 2019 4,000.00 1.02 2.37 - 12.45
Q3 2019 4,000.00 1.08 2.43 - 12.19
Q4 2019 4,000.00 2.54 2.54 - 12.80
Q1 2020 4,000.00 2.49 2.49 - 12.40
Q2 2020 4,000.00 2.47 2.47 - 12.98
Q3 2020 4,000.00 2.45 2.45 - 13.73
Q4 2020 4,000.00 2.65 2.65 - 14.53
Q1 2021 4,000.00 2.89 2.89 - 14.81
Q2 2021 4,000.00 3.18 3.18 - 14.92
Q3 2021 4,000.00 3.46 3.46 - 15.90
Q4 2021 4,000.00 3.69 3.69 - 16.82
Q1 2022 4,000.00 3.89 3.89 - 17.97
Q2 2022 4,000.00 4.05 4.05 - 18.85
Q3 2022 4,000.00 4.19 4.19 - 19.90
Q4 2022 4,000.00 4.29 4.29 4.23 20.93
Q1 2023 4,000.00 4.29 4.29 4.19 20.68
Q2 2023 4,000.00 4.26 4.26 4.12 21.67
Q3 2023 4,000.00 4.21 4.21 4.04 21.44
Q4 2023 4,000.00 4.16 4.16 3.95 22.56

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2014 15.82 15.82 2.79
Q2 2014 15.85 15.85 2.70
Q3 2014 16.89 16.89 2.87
Q4 2014 12.23 12.23 2.00
Q1 2015 14.05 14.05 2.22
Q2 2015 14.91 14.91 2.25
Q3 2015 13.34 13.34 1.99
Q4 2015 11.88 11.88 1.82
Q1 2016 11.06 11.06 1.79
Q2 2016 12.28 12.28 1.94
Q3 2016 10.45 10.45 1.69
Q4 2016 12.62 12.62 1.97
Q1 2017 12.46 12.46 2.02
Q2 2017 13.40 13.40 2.12
Q3 2017 12.30 12.30 2.01
Q4 2017 11.52 11.52 1.88
Q1 2018 13.33 13.33 2.43
Q2 2018 14.77 14.77 2.66
Q3 2018 14.66 14.66 2.75
Q4 2018 37.75 15.51 2.94
Q1 2019 43.73 18.68 3.46
Q2 2019 42.62 18.36 3.50
Q3 2019 36.70 16.29 3.25
Q4 2019 16.10 16.10 3.19
Q1 2020 13.49 13.49 2.71
Q2 2020 14.33 14.33 2.73
Q3 2020 16.78 16.78 2.99
Q4 2020 17.37 17.37 3.17
Q1 2021 21.39 21.39 4.17
Q2 2021 21.82 21.82 4.65
Q3 2021 22.12 22.12 4.82
Q4 2021 24.04 24.04 5.27
Q1 2022 25.83 25.83 5.59
Q2 2022 20.37 20.37 4.38
Q3 2022 19.40 19.40 4.09
Q4 2022 17.78 17.78 3.59
Q1 2023 17.54 17.54 3.55
Q2 2023 17.72 17.72 3.37
Q3 2023 16.81 16.81 3.17
Q4 2023 21.90 21.90 3.83

Business Segments (Million)

Compared With The
Period Retail Corporate and Institutional Banking Global markets and Treasury Investment Banking and Brokerage Others
Q1 2014 2,473.81 455.85 345.28 223.00 -
Q2 2014 2,388.47 646.75 289.71 318.67 -
Q3 2014 2,651.16 501.66 381.88 (95.29) -
Q4 2014 2,726.69 (47.16) 293.61 112.90 -
Q1 2015 2,589.61 373.42 306.52 152.70 -
Q2 2015 2,561.53 515.14 282.74 175.25 -
Q3 2015 2,417.29 521.88 146.55 109.35 -
Q4 2015 2,812.27 242.32 345.11 194.11 -
Q1 2016 2,687.48 387.37 447.63 172.57 -
Q2 2016 2,917.24 409.74 472.94 156.25 -
Q3 2016 2,823.92 605.71 322.21 126.01 -
Q4 2016 2,589.42 591.98 516.81 114.11 -
Q1 2017 2,932.19 689.54 109.86 121.49 -
Q2 2017 2,673.54 438.84 666.59 97.99 -
Q3 2017 2,787.15 602.89 482.72 103.61 -
Q4 2017 3,445.50 578.22 47.58 127.16 -
Q1 2018 2,770.66 580.10 653.28 138.37 -
Q2 2018 2,874.80 573.65 704.21 135.40 -
Q3 2018 2,968.91 575.21 722.65 116.59 -
Q4 2018 3,009.07 586.02 764.00 146.61 -
Q1 2019 3,164.28 638.35 733.97 102.34 -
Q2 2019 3,429.66 618.86 701.17 111.42 -
Q3 2019 3,500.25 627.28 755.75 97.96 -
Q4 2019 3,496.63 647.44 707.46 151.65 -
Q1 2020 3,470.22 631.90 750.56 114.88 -
Q2 2020 3,400.41 488.18 766.88 152.30 -
Q3 2020 2,996.99 740.72 1,155.71 258.72 -
Q4 2020 3,555.06 784.33 1,174.94 279.47 -
Q1 2021 3,500.80 744.34 1,408.57 293.87 -
Q2 2021 3,533.29 749.68 1,795.10 258.25 -
Q3 2021 3,393.98 860.61 2,108.46 214.63 -
Q4 2021 3,622.46 490.01 2,534.96 207.38 -
Q1 2022 3,240.62 909.28 2,546.87 259.81 -
Q2 2022 3,509.87 1,073.54 2,270.14 278.07 -
Q3 2022 3,875.36 1,260.43 1,850.31 220.36 -
Q4 2022 4,791.59 1,374.36 848.81 249.39 -
Q1 2023 4,027.65 1,498.80 946.90 307.27 -
Q2 2023 4,325.35 1,790.54 457.51 254.05 -
Q3 2023 4,481.11 1,879.25 255.57 256.58 -
Q4 2023 4,850.91 2,178.30 (128.75) 150.37 -

Analysts Estimates (Million)

Item Q4 2023 (e) Q4 2023 (a) Change‬
Average 4,204.65 4,170.62 (0.8 %)

Estimates vs Actual (Million)

Item Q4 2023 (e) Q4 2023 (a) Change
Sico 4,177.00 4,170.62 (0.2) %
U-Capital 4,159.20 4,170.62 0.3 %
Riyad Capital 4,189.00 4,170.62 (0.4) %
OSOOL AND BAKHEET 4,203.29 4,170.62 (0.8) %
Value Capital 4,203.77 4,170.62 (0.8) %
Hermes 4,204.00 4,170.62 (0.8) %
SNB Capital 4,232.00 4,170.62 (1.5) %
AlJazira Capital 4,261.00 4,170.62 (2.1) %
Bank of America 4,072.00 4,170.62 2.4 %
YAQEEN 4,345.27 4,170.62 (4.0) %


Financial Ratios
Current
Market Cap (M) 369,200.00
Shares Outstanding ((M)) 4,000.00
EPS ( Riyal) (TTM) 4.59
EPS Diluted ( Riyal) (TTM) 4.37
Book Value (BV) ( Riyal) 23.73
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 20.09
P/E (TTM) 20.09
Price/book 3.89
Return on Average Assets (%) (TTM) 2.2
Return on Average Equity (%) (TTM) 20.3
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Share Price

Al Rajhi Bank
92.30
(1.20) (1.28 %)

Al Rajhi Bank (ALRAJHI)

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