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Saudi Arabia
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Al Rajhi Bank (مؤسسة الراجحي المصرفية)

Main Activities: Banking and Credit Intermediation

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Company Information

Full name
Al Rajhi Bank (مؤسسة الراجحي المصرفية)

Headquarters
P.O. Box 28, Aakaria 3rd Building, 7th Floor, Olaya Street, Riyadh 11411.; Riyadh City; Al Riyadh
Status: Listed
Legal Form: Limited Liability Company
Operational Status: Operational
Financial Auditors: PricewaterhouseCoopers (2013)
Incorporation Date: October 20, 1987
Total Employees: 8,307

Tel: 966 12116000

Company Description

Al Rajhi Bank is an Islamic banks founded in 1957 with total assets of SR 172 billion (US$45.7 bn), a market capital of US$4 billion. Deeply rooted in Islamic banking principles, the Sharia compliant banking group is instrumental in bridging the gap between modern financial demands and intrinsic values, whilst spearheading numerous industry standards and development.
Al Rajhi name were merged into the umbrella 'Al Rajhi trading and exchange corporation' in 1978 and it was in 1988 that the bank
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Company Analysis

According to the Individual - Audited financial statement for the Year of 2011, total net operating revenues increased with 7.21%, from SAR 11,661,132 thousands to SAR 12,502,119 thousands. The results of the period increased 8.97% reaching SAR 7,378,268 thousands at the end of the period against SAR 6,770,829 thousands last year. Return on equity (Net income/Total equity) went from 22.33% to 22.48%, the Return On Asset (Net income / Total Asset) went from 3.66% to 3.34% and the Net Profit Margin (Net Income/Net Sales) went from 58.06% to 59.02% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 572.78% compared to 509.68% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.21 to 1.19 when compared to the previous year.

Key Executives

Mr.Sulaiman Bin Abdulaziz Al Rajhi Chairman Of the Board Director
Mr.Abdullah Bin Sulaiman Al Rajhi Vice Chairman
Mr.Abdul Aziz Bin Khalid Al Ghefaily Member of Board of Directors
Mr.Salah Bin Ali Aba Al Khail Member of Board of Directors
Mr.Sulaiman Bin Saleh Al Rajhi Member of Board of Directors

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Balance Sheet

Total Assets

267,382,562

220,813,412

Current Assets

50,450,905

214,593,306

Total Liabilities

230,913,825

187,992,355

Shareholders Equity

36,468,737

32,821,057

Current Liabilities

9,570,909

180,450,246

* All the accounts are in SAR.
Income Statement

Total Operating Revenue

13,983,017

12,502,119

Net Profit (Loss)

7,884,706

7,378,268

* All the accounts are in SAR.
Ratios
Profitability Ratios

Return on Assets (ROA)

2.95%

3.34%

Annualised Return on Assets (ROA)

2.95%

3.34%

Return on Equity (ROE)

21.62%

22.48%

Annualised Return on Equity (ROE)

24.02%

24.34%

Return on Sales (ROS)

56.39%

59.02%

Gross Profit Margin

100%

100%

Efficiency Ratios

Current asset turnover

0.28x

0.06x

Fixed-asset turnover

0.06x

2.01x

Asset Turnover

0.05x

0.06x

Valuation figures and ratios

EBITDA

-401,699

-407,815

Enterprise value

311,109,703

286,822,888

Enterprise Value / EBITDA

-774.48

-703.32

Bookvalue (BV)

36,468,737

32,821,057

Net Cash

-200,109,703

-167,572,888

Liquidity Ratios

Current Ratio

527.13%

118.92%

Quick ratio

527.13%

118.92%

Doom's day ratio

321.85%

11.32%

Leverage Ratios

Leverage ratio

733.18%

672.78%

Debt to equity

633.18%

572.78%

Debt to total assets

86.36%

85.14%

Long Term Debt to Capital

85.85%

18.69%

Market ratios

Market Capitalization/EBITDA

-276.33

-292.41

Market Cap / Net cash

-0.55

-0.71

Trend Ratios

Revenue Trend

111.85%

107.21%

Net Income Trend

106.86%

108.97%