AlRajhi Bank stock climbs to one-and-a-half month high

Shares of AlRajhi Bank rose on Tuesday by 0.25% to trade at SR 161.60 to hit the highest price since a month and a half when it gained SR 0.40 at that time.

The bank’s stocks traded through 4.2% of the Saudi market liquidity with a volume of SR 318.3 million.

The shares of the bank have seen 5220 deals executed on 2 million shares or 376 shares for one deal.

It should be noted that AlRajhi recorded profit jump of 39.2% to SR 14.75 billion in 2021 from SR 10.6 billion in 2020.

The banks board of directors recommended on February 20^th to increase capital by 60%.