Bank AlJazira was recognized as the best private financial institution in the Kingdom of Saudi Arabia in 2015.
In the first quarter of 2019, Bank AlJazira Bank shares rose 0.35% and added 21.29% profit to its 2018 figures.
Net income for the first quarter of 2019 reached 263.3 million riyals. In US national currency, this number corresponds to the amount of USD 70.21 million.
The main reason for the growth in Bank AlJazira’s revenue is considered to be an increase in loans by 3% compared with the figures for the last quarter of 2018. The total profit of Bank AlJazira for the first quarter – 749.9 million rials.
Bank AlJazira’s net profit at the end of the first quarter of 2019 increased by 7% due to an increase in income from banking operations by 8%.
According to the research of Karim Kehia, a financial analyst at Arqaam Capital, the growth in the value of Bank AlJazira’s securities will continue. The management of Bank AlJazira plans to increase its income from participation in the profitable sectors of defense, healthcare, and entertainment.
Bank AlJazira’s shares at the end of the first quarter of 2019 increased by 0.35% and cost 17.32 riyals, which corresponded to 4.8 dollars. In early August 2019, Bank AlJazira’s shares were trading at the price of SAR 15.0. This amount corresponds to 4 dollars.
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