Al Rajhi Bank stock (SA12C050TD11): Tadawul heavyweight trades steady ahead of next earnings update

Al Rajhi Bank shares on the Saudi Exchange traded broadly stable around the mid-SAR 60s this week, keeping the Riyadh-based lender in focus as one of the largest constituents of the Tadawul All Share Index and a key bellwether for the Kingdom’s Islamic banking sector.

Al Rajhi Bank shares were changing hands in the mid-SAR 60s region on the Saudi Exchange in early June 2026, leaving the Riyadh-based lender broadly stable in the run-up to its next earnings release and maintaining its role as one of the heaviest-weighted stocks in the Tadawul All Share Index.

According to data for ticker 1120 on the Saudi Exchange, the stock recently traded at about SAR 66.65, with only a marginal move on the day and limited volatility, underscoring how the name remains closely watched as a bellwether for the Kingdom’s Sharia-compliant banking sector.

The bank’s primary listing on the Saudi Exchange in Saudi Arabia means domestic investors and regional funds continue to anchor liquidity in the name, while international emerging-market investors often view Al Rajhi Bank as a core exposure to the Kingdom’s financial system and broader Gulf banking growth.

As one of the largest Islamic lenders by assets, the group’s share price is typically sensitive to expectations for credit growth, net interest margins in a higher-rate environment, and regulatory developments in Saudi Arabia’s banking framework.

With no major new company-specific announcements in the first days of June 2026, trading in Al Rajhi Bank has been driven mainly by macro sentiment around the Saudi economy, oil-price dynamics and positioning in financial stocks within the Tadawul universe.

In Germany, Al Rajhi Bank can also be accessed indirectly via various trading venues and certificates that reference the Saudi-listed shares, although domestic liquidity on the Saudi Exchange remains the key driver for price discovery.

As of: 06/05/2026

By the editorial team - specialized in equity coverage.

At a glance

• Name: Al Rajhi Bank
• Sector/industry: Islamic banking and financial services
• Headquarters/country: Riyadh, Saudi Arabia
• Core markets: Saudi Arabia with selective international operations
• Key revenue drivers: Retail and corporate Islamic financing, fee income and treasury activities
• Home exchange/listing venue: Saudi Exchange (Tadawul), ticker 1120
• Trading currency: SAR

Al Rajhi Bank: core business model

Al Rajhi Bank focuses on providing Sharia-compliant retail and corporate banking, using Islamic financing products and associated fee-based services as its main earnings engine in Saudi Arabia and selected overseas markets.

Valuation metrics and multiples for Al Rajhi Bank

Valuation of Al Rajhi Bank on the Saudi Exchange continues to be framed by its position as one of the world’s strongest Islamic banks by balance sheet quality, with sector observers frequently highlighting its capital strength and funding profile when comparing it with regional peers.

According to a ranking of Islamic lenders published by TABInsights in 2025, Al Rajhi Bank was identified as the strongest Islamic bank globally on a balance-sheet basis as of that assessment, a status that often informs how investors gauge its valuation premium relative to other Sharia-compliant banks in the Gulf region.

Investors typically look at metrics such as price-to-earnings ratios, price-to-book values and dividend yields for Al Rajhi Bank versus other Tadawul-listed banks and regional Islamic lenders, with the bank’s large retail franchise and strong deposit base serving as key inputs in that comparative valuation process.

In the context of Saudi Arabia’s broader equity market, Al Rajhi Bank’s market capitalization and index weight mean its valuation can also be influenced by passive flows into the Tadawul All Share Index and any changes to index methodology or foreign-ownership limits.

Conclusion

Al Rajhi Bank’s share price around the mid-SAR 60s on the Saudi Exchange in early June 2026 highlights a period of relatively calm trading as investors await the next set of financial results and fresh guidance from management.

Its status as a leading Islamic lender and one of the strongest Islamic banks globally by balance sheet means valuation discussions continue to reference both its domestic market dominance and its perceived premium relative to regional peers, keeping the stock closely watched within Saudi Arabia’s financial sector.

Disclaimer: This article does not constitute investment advice. The comprehensive scope of this informative article was made possible through the use of a.i.. Stocks are volatile financial instruments.