- Al Rayan Bank’s net income for the fiscal year reached 1.51 billion riyals, exceeding estimates and showing a 3.8% increase compared to the previous year.
- Dividend per share was 0.10 riyals, slightly below the estimate of 0.11 riyals.
- Earnings per share (EPS) rose to 0.157 riyals from 0.151 riyals in the previous year.
- Total assets of the bank grew by 4.3% year-over-year, amounting to 171 billion riyals, surpassing the estimated 166.83 billion riyals.
- Total deposits saw a significant increase, rising by 16% year-over-year to 108 billion riyals, closely matching the estimate of 108.77 billion riyals.
- Operating expenses increased by 5% from the previous year, totaling 954 million riyals.
- Impairments decreased by 11% year-over-year to 1.04 billion riyals.
- Cost to income ratio rose to 27.1%, compared to 25.6% in the previous year.
- The non-performing loans ratio improved to 5.45% from 5.71% year-over-year.
- Capital adequacy ratio strengthened, reaching 23.9% from 21.8% in the previous year.
- Analyst recommendations included one buy, three holds, and one sell.
A look at Masraf Al Rayan QSC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 2 | |
| Growth | 2 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
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
Analysts at Smartkarma have evaluated Masraf Al Rayan QSC‘s long-term outlook using their Smart Scores system. The scores for the company are positive across various factors. With a strong Value score of 4, Masraf Al Rayan QSC is deemed attractive in terms of its fundamental valuation. Additionally, the company scores well in Momentum, indicating a positive trend in its stock performance over time.
Although Masraf Al Rayan QSC‘s Dividend and Growth scores are more moderate at 2, its Resilience score of 3 suggests a certain level of stability and ability to weather economic fluctuations. Overall, based on the Smartkarma Smart Scores, Masraf Al Rayan QSC appears to have a promising long-term outlook in the market, presenting a balanced profile of value, resilience, and momentum.
### Masraf Al Rayan attracts deposits and provides commercial and investment banking products according to Islamic principles. ###
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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