- Bank Al-Jazira‘s operating income for the fiscal year was 3.78 billion riyals, slightly below the estimated 3.82 billion riyals.
- The bank’s pretax profit amounted to 1.40 billion riyals.
- Earnings per share (EPS) were reported at 1.01 riyals.
- Impairment losses for the year totaled 274.9 million riyals.
- Market analyst recommendations included 0 buy ratings, 5 hold ratings, and 0 sell ratings.
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A look at Bank Al-Jazira Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Bank Al-Jazira, a financial institution known for attracting deposits and providing a range of commercial banking services, has received a mix of Smart Scores reflecting its standing in various aspects. With a top score for Value and Growth, the bank seems to be positioned well for long-term success. The high Value score suggests that the company is deemed attractive based on its fundamentals, while the Growth score indicates strong potential for expansion. Despite a lower score for Dividend and Resilience, the solid Momentum score hints at positive trends that could drive the bank’s performance in the future.
In summary, Bank Al-Jazira offers a wide array of financial services including lease financing, export financing, and asset management. While its Dividend and Resilience scores are not as strong, the high scores for Value and Growth, coupled with a respectable Momentum score, paint a favorable long-term outlook for the company in the competitive banking sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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