- Saudi Awwal Bank‘s total assets were recorded at 399.44 billion riyals, which is below the estimated 405.01 billion riyals.
- The bank’s net loans topped estimates, reaching 259.35 billion riyals against an estimate of 256.88 billion riyals.
- Total deposits were slightly below expectations at 267.01 billion riyals, compared to an estimate of 270.16 billion riyals.
- Analyst recommendations for Saudi Awwal Bank include 13 buy ratings and 4 hold ratings, with no sell ratings reported.
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A look at Saudi Awwal Bank Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.0 |
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
The long-term outlook for Saudi Awwal Bank is promising, as reflected in its Smartkarma Smart Scores. The bank excels in both value and dividend factors, scoring the highest possible rating of 5 in each. This indicates strong financial health and the potential for consistent returns to shareholders over time. Additionally, Saudi Awwal Bank scores well in growth and momentum, with ratings of 4 in each category. These scores suggest that the bank is well-positioned for future expansion and has positive market momentum to support its growth trajectory.
However, there are areas where Saudi Awwal Bank could improve, particularly in terms of resilience, where it received a score of 2. This implies that the bank may face challenges in maintaining stability during adverse market conditions. Despite this, overall, Saudi Awwal Bank‘s strong performance in value, dividend, growth, and momentum categories underscores its potential for long-term success and sustainable returns for investors.
### Saudi Awwal Bank operates as a bank. The Bank offers debit and credit cards, wealth management, investment, treasury, financing and saving products, trade finance, equity and debt wholesale banking, and corporate and private banking services. Saudi Awwal Bank serves customers worldwide. ###
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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