Valuation The Saudi National Bank

Equities

Market Closed - Saudi Arabian S.E. Other stock markets 05:50:00 18/01/2026 pm IST			5-day change	1st Jan Change
42.00 ^SAR	-0.10%		+4.22%	+10.88%

03:35pm	Najran Cement Secures SAR50 Million Sharia-compliant Mid-term Loan	MT
02:52pm	Saudi National Bank Wraps Up $1 Billion Additional Tier 1 Capital Notes Offer	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	1,29,635	2,85,663	2,24,132	2,29,737	1,98,563	2,49,312	2,49,312	-
Change	-	120.36%	-21.54%	2.5%	-13.57%	25.56%	0%	-
Enterprise Value (EV)	1,29,635	2,85,663	2,24,132	2,29,737	1,98,563	2,49,312	2,49,312	2,49,312
Change	-	120.36%	-21.54%	2.5%	-13.57%	25.56%	0%	0%
P/E ratio	11.8x	21.6x	12.5x	12x	9.74x	10.5x	10.1x	9.18x
PBR	1.63x	1.76x	1.35x	1.31x	1.03x	1.35x	1.34x	1.22x
PEG	-	-1.1x	0.3x	1.89x	1.57x	0.6x	2.97x	0.9x
Capitalization / Revenue	6.04x	10x	6.79x	6.64x	5.51x	6.4x	5.91x	5.42x
EV / Revenue	0x	0x	0x	0x	0x	6.4x	5.91x	5.42x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / EBIT	0x	0x	0x	0x	0x	8.83x	8.11x	7.42x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Dividend per Share ²	-	1.162	1.275	1.75	1.9	2.121	2.277	2.504
Rate of return	-	2.41%	3.37%	4.53%	5.69%	5.05%	5.42%	5.96%
EPS ²	2.752	2.235	3.038	3.23	3.43	4.004	4.14	4.574
Distribution rate	-	52%	42%	54.2%	55.4%	53%	55%	54.7%
Net sales ¹	21,458	28,462	33,003	34,589	36,038	38,940	42,151	45,977
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	14,961	18,599	23,220	24,232	25,001	28,242	30,753	33,589
Net income ¹	11,440	12,670	18,580	20,010	21,193	24,324	25,371	27,457
Net Debt	-	-	-	-	-	-	-	-
Reference price ²	32.51	48.30	37.88	38.65	33.40	42.00	42.00	42.00
Nbr of stocks (in thousands)	39,87,224	59,14,352	59,17,669	59,44,035	59,45,000	59,36,000	59,36,000	-
Announcement Date	16/02/21	02/02/22	01/02/23	05/02/24	29/01/25	-	-	-

¹SAR in Million²SAR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
THE SAUDI NATIONAL BANK	10.5x	-	-	5.04%	6.65TCr
KUWAIT FINANCE HOUSE K.S.C.P.	22.45x	-	-	2.48%	4.55TCr
ABU DHABI ISLAMIC BANK	12.58x	3.94x	-	3.95%	2.19TCr
DUBAI ISLAMIC BANK	9.62x	-	-	4.82%	1.87TCr
ALINMA BANK	10.97x	-	-	3.92%	1.75TCr
QATAR ISLAMIC BANK (Q.P.S.C.)	12.71x	-	-	3.51%	1.6TCr
BOUBYAN BANK K.S.C.P.	30.61x	-	-	1.28%	1.01TCr
BANK ALBILAD	12.21x	-	-	2.71%	970.77Cr
PT BANK SYARIAH INDONESIA TBK	13.68x	-	-	0.98%	625.77Cr
Average	15.04x	3.94x		3.19%	2.36TCr
Weighted average by Cap.	14.54x	3.94x		3.75%