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MarketScreener Homepage  >  Equities  >  Saudi Arabian Stock Exchange  >  Riyad Bank    1010   SA0007879048

RIYAD BANK

(1010)
  Report
End-of-day quote. End-of-day quote Saudi Arabian Stock Exchange - 01/25
21.3 SAR   +0.85%
2020Goldman Sachs banker who built Middle East business to retire
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2020RIYAD BANK : quaterly earnings release
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Six banks pitch for Aramco IPO role on Saudi bourse - sources

02/21/2017 | 10:40am EST
A Saudi Aramco employee sits in the area of its stand at the Middle East Petrotech 2016 in Manama

DUBAI/RIYADH (Reuters) - Saudi oil giant Aramco [IPO-ARMO.SE] has received proposals from at least six banks for an advisory role on the firm's planned initial public share offering, sources familiar with the process said on Tuesday.

Saudi authorities are aiming to list up to 5 percent of the world's largest oil producer on both the Saudi stock exchange in Riyadh, the Tadawul, and one or more international markets in an IPO that could raise $100 billion (£80 billion).

HSBC Saudi Arabia, a joint venture between Saudi British Bank (>> Saudi British Bank SJSC) and HSBC (>> HSBC Holdings plc), NCB Capital (>> National Commercial Bank SJSC), Samba Capital (>> Samba Financial Group), Saudi Fransi Capital (>> Banque Saudi Fransi), Riyad Capital (>> Riyad Bank) and GIB Capital, the investment banking arm of Bahrain-based Gulf International Bank [GLFBK.UL], submitted proposals to Aramco in early February, the sources said.

Aramco is also considering proposals from international banks for the global share offering, with a source saying on Feb. 17 that JPMorgan (>> JPMorgan Chase & Co.) was close to being selected as an underwriter. Aramco also recently chose boutique investment bank Moelis & Co (>> Moelis & Co) as an adviser.

Two of the sources on Tuesday said bank appointments for the local mandate were expected before the end of the month.

Aramco did not immediately respond to a Reuters request for comment.

The local role will entail working with regulators at Saudi's Capital Market Authority to prepare for the Tadawul listing, which is expected to be smaller than the international portion, the sources said.

HSBC declined to comment while the other companies did not immediately respond to email requests for comments.

Officials hope the company could be valued at around $2 trillion, which would allow them to raise as much as $100 billion from investors.

Saudi Arabia is considering two options for the shape of Aramco when it sells shares in the national oil giant next year: a global industrial conglomerate, and a specialised international oil company, industry and banking sources have told Reuters.

(additional reporting by Celine Aswad in Dubai and Reem Shamseddine in Khobar; Editing by Louise Heavens, Greg Mahlich)

By Hadeel Al Sayegh, Tom Arnold and Katie Paul


© Reuters 2017
Stocks mentioned in the article
ChangeLast1st jan.
AIMING INC. -1.73% 454 End-of-day quote.8.61%
BANQUE SAUDI FRANSI 0.59% 34.1 End-of-day quote.7.91%
E.ON SE -1.10% 8.786 Delayed Quote.-1.99%
HOPE, INC. 7.36% 3165 End-of-day quote.-29.59%
HSBC HOLDINGS PLC -0.01% 400.15 Delayed Quote.5.64%
LETS HOLDINGS GROUP CO., LTD. -5.09% 7.46 End-of-day quote.-4.11%
MOELIS & COMPANY -4.04% 49.37 Delayed Quote.10.03%
NEXT PLC 1.98% 8036 Delayed Quote.11.21%
RIYAD BANK 0.85% 21.3 End-of-day quote.5.45%
SAMBA FINANCIAL GROUP -1.27% 31.1 End-of-day quote.1.80%
SAUDI ARABIAN OIL COMPANY -0.57% 34.75 End-of-day quote.-0.71%
THE COMMERCIAL BANK (P.S.Q.C.) -2.18% 4.301 End-of-day quote.-2.25%
THE NATIONAL COMMERCIAL BANK 0.56% 44.8 End-of-day quote.3.34%
THE SAUDI BRITISH BANK 0.19% 27.05 End-of-day quote.9.43%
WORLD CO., LTD. -0.91% 1307 End-of-day quote.4.31%
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Financials
Sales 2020 11 201 M 2 986 M 2 986 M
Net income 2020 5 025 M 1 340 M 1 340 M
Net Debt 2020 - - -
P/E ratio 2020 12,0x
Yield 2020 2,83%
Capitalization 63 900 M 17 032 M 17 037 M
Capi. / Sales 2020 5,70x
Capi. / Sales 2021 5,62x
Nbr of Employees 5 441
Free-Float 44,8%
Chart RIYAD BANK
Duration : Period :
Riyad Bank Technical Analysis Chart | 1010 | SA0007879048 | MarketScreener
Technical analysis trends RIYAD BANK
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 21,57 SAR
Last Close Price 21,30 SAR
Spread / Highest target 43,2%
Spread / Average Target 1,26%
Spread / Lowest Target -17,8%
EPS Revisions
Managers and Directors
NameTitle
Tariq Abdulrahman Saleh Al-Sadhan Chief Executive Officer & President
Abdullah Mohammed bin Ibrahim Al-Issa Non-Executive Chairman
Mohammed Abdullah Al-Yahya EVP-Operations, Technology & Support Services
Abdullah Ali Al-Oraini Chief Financial Officer
Talal Ibrahim Abdulrahman Al-Qudaibi Independent Director
Sector and Competitors