An overview of Al Rajhi Bank shares
Al Rajhi Bank is considered one of the largest banks in the world in terms of market capitalization estimated at 312.40 billion Saudi riyals, according to TradingView. Al Rajhi Bank share price (Tadawul 1120) is currently trading at 77.8 riyals, and the stock had reached record levels of 117 riyals in May 2022. Al Rajhi Bank shares are distributed among 3 categories:
The general public by 91.7%
Institutions by 6.08%
Individual insiders: 2.23%
Al Rajhi Bank shares are listed in several global indices and exchange-traded funds (ETFs), such as the iShares MSCI Saudi Arabia ETF KSA, making it a popular choice among investors looking for opportunities to invest in the banking sector in the Middle East.
What is the symbol of Al Rajhi Bank on the Saudi Tadawul Stock Exchange?
The symbol of Al Rajhi Bank on the Saudi Tadawul Stock Exchange is 1120 (Tadawul: 1120) and it is a stock listed under the banking sector on the Saudi Stock Exchange “Tadawul”.
How do you invest your money in Al Rajhi Bank Saudi shares in a safe way?
If you want to buy Al Rajhi Bank shares Tadawul:1120, you must choose a safe, reliable platform that is licensed locally by the Saudi Capital Market Authority (CMA), such as the “Sahm” platform, which is the only platform that allows you to own shares and open an investment account through it. If you want to trade Contracts for Difference (CFD) on Al Rajhi Bank shares without owning the share, you can do so through reliable and licensed global platforms such as: Evest, XTB, Avatrade and others.
For assistance in opening an investment portfolio with licensed trading companies that allow trading in Al Rajhi Bank shares (1120), contact the “Yaqeen” website team via WhatsApp.
Is investing in Al Rajhi Saudi Bank shares profitable?
Investing in Al Rajhi Saudi stock (trading 1120 Tadawul) is considered one of the most important investments in the financial sector locally and globally, as many international companies invest in Al Rajhi Bank, such as BlackRock, The Vanguard Group, and other companies. Al Rajhi Bank announced achieving a net profit of 4.4 billion riyals in the first quarter of the year 2024, and the profits of Al Rajhi Bank shares have grown significantly by 23.8% annually over the past five years.
Although Al Rajhi Bank shares are characterized by a high level of quality and the bank enjoys a good state of financial health, you must know when to start investing and buying shares, as you definitely do not want to buy and then the market begins to decline. Therefore, you must learn to study the market and all that affects it in terms of economic, technical, geopolitical and other factors, in addition to mastering risk management to ensure continued investment.