Saudi Awwal Bank Performance Metrics and Insights

Saudi Awwal Bank is a leading financial institution in the Kingdom of Saudi Arabia, with a rich history dating back to 1956. It was established as a joint stock company and has since grown to become one of the largest banks in the country.

The bank's performance metrics are a testament to its success, with a strong track record of growth and expansion. Saudi Awwal Bank has achieved significant milestones in terms of its assets, deposits, and profitability.

One notable achievement is the bank's ability to increase its assets by 10% in 2020, reaching a total of SAR 143 billion. This growth is a result of the bank's strategic expansion into new markets and its focus on providing innovative financial products and services.

The bank's commitment to customer satisfaction is also evident in its high customer retention rates, with over 70% of customers choosing to remain with the bank year after year. This loyalty is a reflection of the bank's dedication to providing exceptional service and building strong relationships with its customers.

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Saudi Awwal Bank's stock price has seen a significant fluctuation over the past year, with a 1-day increase of +0.85% and a 1-week decrease of -4.16%. The bank's current month performance is also positive, with a +0.85% growth.

The bank's sales have been steadily increasing over the years, with a notable growth in Corporate and Institutional Banking, from 2.5B in 2020 to 7.17B in 2024. The other business segments have also shown growth, with the exception of Treasury, which has seen a slight decrease.

Here's a breakdown of the bank's sales by activity:

In this section, we'll take a closer look at the sales by activity of Saudi Awwal Bank.

The bank's sales from corporate and institutional banking activities have been steadily increasing, reaching 7.17 billion in 2024, up from 2.5 billion in 2020.

Corporate and institutional banking sales have shown significant growth over the years, with a notable increase from 2.5 billion in 2020 to 6.39 billion in 2023.

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The wealth and personal banking segment has also seen growth, with sales reaching 3.92 billion in 2024, up from 3.08 billion in 2020.

However, the wealth and personal banking segment experienced a slight decline in sales between 2020 and 2021, with a decrease from 3.08 billion to 3.02 billion.

The treasury segment has seen relatively stable sales, ranging from 1.66 billion in 2020 to 1.93 billion in 2024.

Here's a breakdown of the sales by activity for Saudi Awwal Bank:

The capital markets segment has shown significant growth, with sales increasing from 25.71 million in 2021 to 446 million in 2024.

The others segment has experienced fluctuations in sales, with a significant decrease from 27.74 million in 2021 to -73.72 million in 2022.

Financial institutions have been making moves in the market. Goldman Sachs recently lifted its price target for Saudi Awwal Bank, affirming a Buy rating.

This change in price target is not the only development in the banking sector. Autonomous Research also lifted its price target for Saudi Awwal Bank, reiterating a Neutral rating on February 21.

Here are the key price target changes for Saudi Awwal Bank:

Financial performance is a crucial aspect of a company's overall health, and Saudi Awwal Bank is no exception. The bank's market capitalisation has reached a staggering 18,625.94 million EUR.

One way to gauge a company's financial performance is by looking at its earnings per share, or EPS. Saudi Awwal Bank's EPS is a respectable 0.97 EUR. This indicates that the bank is generating a significant amount of profit for its shareholders.

Another important metric is the price-to-book ratio, or P/B ratio. This measures how much investors are willing to pay for each book value of the company. Saudi Awwal Bank's P/B ratio is a reasonable 1.21.

The price-to-earnings ratio, or P/E ratio, is another key metric. It shows how much investors are willing to pay for each unit of earnings. Saudi Awwal Bank's P/E ratio is a relatively modest 9.01.

Lastly, the dividend yield is an important consideration for investors. This measures the ratio of the annual dividend payment to the stock's current price. Saudi Awwal Bank's dividend yield is a healthy 5.59%.

Here's a summary of the key metrics:

Saudi Awwal Bank has been making headlines with its recent upgrades and refinances. Goldman Sachs lifted its price target for the bank, affirming a Buy rating in February.

The bank's earnings results for the fourth quarter and full year ended December 31, 2024, were reported on February 9. Saudi Awwal Bank's paid-up capital stands at SR20.5 billion.

Several analysts have revised their price targets for the bank, with Citi trimming its target while affirming a Buy rating. Morgan Stanley upgraded the bank to Overweight, lifting its price target.

Here are some key updates on Saudi Awwal Bank:

Saudi Awwal Bank has been expanding its services, with the inauguration of its new integrated branch in SAB Tower. The bank aims to deliver exceptional banking services and elevate customer experience.

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Saudi Awwal Bank has been making headlines lately with several updates.

Goldman Sachs has lifted its price target for Saudi Awwal Bank while affirming a buy rating.

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Morgan Stanley has upgraded Saudi Awwal Bank to an overweight rating and lifted its price target.

Autonomous Research has also lifted Saudi Awwal Bank's price target while reiterating a neutral rating.

Citi has trimmed Saudi Awwal Bank's price target while affirming a buy rating.

BofA is keeping a close eye on Saudi Awwal Bank, noting that stable margins and cost control are key factors in its decision-making process.

Here are some notable updates from the past few weeks:

Saudi Awwal Bank has also been involved in some notable transactions, including a SAR170 million bank facility obtained by Tadweeer.

Saudi Awwal Bank has achieved a remarkable 15% growth in net profit, reaching a record high of SAR 8.1 billion for 2024.

This milestone is a testament to the bank's commitment to excellence and its ability to adapt to the ever-changing market landscape.

Saudi Awwal Bank's financial statements for the period ended 31 March 2024 reveal a strong performance across various sectors.

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The bank's loans and advances, deposits, and profitability have continued to grow in the second quarter, according to a recent report.

Here's a breakdown of some of the key highlights from the bank's press releases:

The bank has also made significant strides in innovation, becoming the first bank in the Kingdom to receive innovation accreditation certification.

Saudi Awwal Bank has a diverse and experienced management team. The CEO, Anthony Cripps, has been leading the bank since May 2021.

The bank's leadership team includes Lama Ghazzaoui, the Director of Finance/CFO, who has been in her role since February 2021 and is 50 years old. Ali Al-Qahtani serves as the Compliance Officer, but his age is not publicly disclosed.

Here are some key members of the bank's management team:

The bank's Executive Committee also includes Ghada Al Jarbou, the Chief Operating Officer, who has been in her role since September 2020.

The Board of Directors is a crucial part of any organization, and Saudi Awwal Bank is no exception. The bank has a diverse and experienced Board of Directors, with a total of 11 members.

Lubna Suliman Al-Olayan serves as the Chairman of the Board, a position she has held since 2019-05-31. She is 69 years old and brings a wealth of experience to the role.

The Board of Directors also includes several other notable members. Mohammed Al-Omran has been a Director/Board Member since 2010-01-06, and is 75 years old. Samir Assaf has been a Director/Board Member since 2016-03-31, and is 65 years old.

Here is a list of the Board of Directors members:

Note that Ghada Al Jarbou is listed as a COO, but she is not a member of the Board of Directors.

Analysts have been actively providing their insights on Saudi Awwal Bank. Goldman Sachs has been a key player in this, lifting their price target and affirming a Buy rating.

In February, Autonomous Research also lifted their price target, but maintained a Neutral rating. Morgan Stanley, on the other hand, upgraded their rating to Overweight and lifted their price target.

Citi trimmed their price target but still affirmed a Buy rating. This shows the varying opinions among analysts regarding the bank's performance and potential.

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Saudi Awwal Bank has been expanding its presence in the Kingdom through strategic branch openings, like the one in SAB Tower, which underscores its commitment to elevating customer experience.

This new branch epitomises the bank's approach to bolstering customer satisfaction across various sectors, including retail, SMEs, and investment.

SAB's relentless focus on refining retail and corporate banking services aims to cater comprehensively to diverse client needs, as Bandar Al-Gheshayan, Chief Wealth and Personal Banking Officer, has emphasized.

The bank's paid-up capital of SR20.5 billion, following its legal merger with Alawwal Bank in 2021, is a significant milestone in its growth journey.

SAB's recent achievement with the inauguration of the SAB Tower headquarters, recognized with SmartScore Platinum and LEED Gold certifications, showcases its commitment to excellence.

With roots tracing back over 90 years in Saudi Arabia, SAB has played a pivotal role in supporting the nation's economic and social advancement, making it a cornerstone of the Kingdom's financial landscape.