Reported Earnings • May 01
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: ر.س0.60. Revenue: ر.س2.45b (up 5.5% from 1Q 2025). Net income: ر.س1.36b (up 4.4% from 1Q 2025). Profit margin: 55% (in line with 1Q 2025). Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) also surpassed analyst estimates by 3.4%. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Banks industry in Saudi Arabia. Announcement • Mar 09
Arab National Bank, Annual General Meeting, Mar 31, 2026 Arab National Bank, Annual General Meeting, Mar 31, 2026, at 18:30 Arab Standard Time. Location: riyadh Saudi Arabia Reported Earnings • Feb 14
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: ر.س2.47 (down from ر.س2.48 in FY 2024). Revenue: ر.س9.19b (up 4.7% from FY 2024). Net income: ر.س4.92b (flat on FY 2024). Profit margin: 54% (down from 56% in FY 2024). The decrease in margin was driven by higher expenses. Non-performing loans: 0.94% (down from 1.20% in FY 2024). Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 1.9%. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Banks industry in Saudi Arabia. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Declared Dividend • Feb 04
Dividend of ر.س0.65 announced Dividend of ر.س0.65 is the same as last year. Ex-date: 5th February 2026 Payment date: 16th February 2026 Dividend yield will be 5.8%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (50% payout ratio) and is expected to be covered in 3 years' time (57% forecast payout ratio). The dividend has increased by an average of 9.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 5.0% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 23
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: ر.س0.62. Revenue: ر.س2.37b (up 5.7% from 3Q 2024). Net income: ر.س1.33b (up 6.9% from 3Q 2024). Profit margin: 56% (in line with 3Q 2024). Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) also missed analyst estimates by 1.6%. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Banks industry in Saudi Arabia. Reported Earnings • Jul 31
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: ر.س0.67 (up from ر.س0.61 in 2Q 2024). Revenue: ر.س2.38b (up 9.7% from 2Q 2024). Net income: ر.س1.34b (up 8.6% from 2Q 2024). Profit margin: 56% (in line with 2Q 2024). Revenue exceeded analyst estimates by 6.4%. Earnings per share (EPS) also surpassed analyst estimates by 9.8%. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Banks industry in Saudi Arabia. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • May 06
First quarter 2025 earnings: EPS exceeds analyst expectations First quarter 2025 results: EPS: ر.س0.65 (up from ر.س0.62 in 1Q 2024). Revenue: ر.س2.33b (up 8.3% from 1Q 2024). Net income: ر.س1.30b (up 5.5% from 1Q 2024). Profit margin: 56% (down from 57% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.2%. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Saudi Arabia. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Mar 18
Arab National Bank, Annual General Meeting, Apr 08, 2025 Arab National Bank, Annual General Meeting, Apr 08, 2025, at 18:30 Arab Standard Time. Location: riyadh Saudi Arabia Reported Earnings • Feb 08
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: ر.س2.48 (up from ر.س2.04 in FY 2023). Revenue: ر.س8.74b (up 11% from FY 2023). Net income: ر.س4.97b (up 22% from FY 2023). Profit margin: 57% (up from 52% in FY 2023). The increase in margin was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.3%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in Saudi Arabia. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Declared Dividend • Feb 07
Dividend of ر.س0.65 announced Shareholders will receive a dividend of ر.س0.65. Ex-date: 10th February 2025 Payment date: 19th February 2025 Dividend yield will be 6.1%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by earnings (51% payout ratio) and is expected to be covered in 3 years' time (52% forecast payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 12% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 26
Third quarter 2024 earnings: EPS exceeds analyst expectations Third quarter 2024 results: EPS: ر.س0.62 (up from ر.س0.54 in 3Q 2023). Revenue: ر.س2.24b (up 15% from 3Q 2023). Net income: ر.س1.24b (up 16% from 3Q 2023). Profit margin: 55% (in line with 3Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 25%. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Saudi Arabia. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 09
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: ر.س0.62 (up from ر.س0.49 in 2Q 2023). Revenue: ر.س2.17b (up 19% from 2Q 2023). Net income: ر.س1.23b (up 25% from 2Q 2023). Profit margin: 57% (up from 54% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 18%. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Saudi Arabia. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Declared Dividend • Aug 09
First half dividend of ر.س0.65 announced Shareholders will receive a dividend of ر.س0.65. Ex-date: 12th August 2024 Payment date: 21st August 2024 Dividend yield will be 6.8%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (45% payout ratio) and is expected to be covered in 3 years' time (52% forecast payout ratio). The dividend has increased by an average of 8.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 9.5% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • May 20
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to ر.س21.41, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Banks industry in Saudi Arabia. Total returns to shareholders of 9.8% over the past three years. Reported Earnings • May 06
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: EPS: ر.س0.82 (up from ر.س0.71 in 1Q 2023). Revenue: ر.س2.15b (up 11% from 1Q 2023). Net income: ر.س1.24b (up 16% from 1Q 2023). Profit margin: 57% (up from 55% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Banks industry in Saudi Arabia. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Price Target Changed • Mar 16
Price target increased by 9.9% to ر.س30.20 Up from ر.س27.48, the current price target is an average from 8 analysts. New target price is 5.2% above last closing price of ر.س28.70. Stock is up 15% over the past year. The company is forecast to post earnings per share of ر.س2.94 for next year compared to ر.س2.71 last year. Price Target Changed • Mar 07
Price target increased by 10% to ر.س29.34 Up from ر.س26.63, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of ر.س28.35. Stock is up 6.6% over the past year. The company is forecast to post earnings per share of ر.س2.95 for next year compared to ر.س2.71 last year. Reported Earnings • Feb 15
Full year 2023 earnings released: EPS: ر.س2.71 (vs ر.س2.05 in FY 2022) Full year 2023 results: EPS: ر.س2.71 (up from ر.س2.05 in FY 2022). Revenue: ر.س7.90b (up 31% from FY 2022). Net income: ر.س4.07b (up 33% from FY 2022). Profit margin: 52% (in line with FY 2022). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Banks industry in Saudi Arabia. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Feb 06
Arab National Bank Decides Distribution of Interim Cash Dividend to the Shareholders for the Second Half of 2023 Arab National Bank decided distribution of an interim cash dividend to the shareholders for the second half of 2023. The Total amount distributed: SAR 1,050 Million. Dividend per share: SAR 0.70. New Risk • Nov 14
New major risk - Revenue and earnings growth Earnings have declined by 3.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.5% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Oct 31
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: ر.س0.72 (up from ر.س0.61 in 3Q 2022). Revenue: ر.س1.96b (up 19% from 3Q 2022). Net income: ر.س1.08b (up 17% from 3Q 2022). Profit margin: 55% (down from 56% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Banks industry in Saudi Arabia. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 01
Second quarter 2023 earnings: EPS exceeds analyst expectations Second quarter 2023 results: EPS: ر.س0.66 (up from ر.س0.47 in 2Q 2022). Revenue: ر.س1.82b (up 31% from 2Q 2022). Net income: ر.س986.0m (up 39% from 2Q 2022). Profit margin: 54% (up from 51% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 10%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Saudi Arabia. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Board Change • May 15
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 1 highly experienced director. 3 independent directors (7 non-independent directors). Independent Director Mohammed Faraj Al-Kanani was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Price Target Changed • Apr 28
Price target decreased by 8.4% to ر.س29.35 Down from ر.س32.03, the current price target is an average from 6 analysts. New target price is 7.5% above last closing price of ر.س27.30. Stock is down 22% over the past year. The company is forecast to post earnings per share of ر.س2.50 for next year compared to ر.س2.05 last year. Price Target Changed • Apr 23
Price target decreased by 8.4% to ر.س29.35 Down from ر.س32.03, the current price target is an average from 6 analysts. New target price is 8.3% above last closing price of ر.س27.10. Stock is down 15% over the past year. The company is forecast to post earnings per share of ر.س2.50 for next year compared to ر.س2.05 last year. Upcoming Dividend • Mar 22
Upcoming dividend of ر.س0.60 per share at 4.6% yield Eligible shareholders must have bought the stock before 29 March 2023. Payment date: 11 April 2023. Payout ratio is a comfortable 54% but the company is not cash flow positive. Trailing yield: 4.6%. Within top quartile of Saudi dividend payers (4.6%). Higher than average of industry peers (3.0%). Announcement • Dec 21
Arab National Bank Announces the Distribution of Cash Dividend for Second Half of 2022 AD Arab National Bank announces the recommendation of the Board of Directors on 20/12/2022 to the General Assembly to approve the distribution of interim cash dividends to the bank's shareholders for the second half of 2022. The Total amount distributed SAR 900 Million, Dividend per share 0.60 Halalah after deduction of Zakat. Eligibility date; For the bank's shareholders who own shares at the end of the day of the general assembly and who are registered with the Securities Depository Center Company at the end of the second trading day from the date of the assembly to be held during the first quarter of 2023 AD. Distribution Date will be announced later. Major Estimate Revision • Nov 08
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from ر.س6.76b to ر.س6.83b. EPS estimate increased from ر.س1.92 to ر.س2.13 per share. Net income forecast to grow 30% next year vs 23% growth forecast for Banks industry in Saudi Arabia. Consensus price target broadly unchanged at ر.س35.06. Share price rose 7.6% to ر.س34.75 over the past week. Reported Earnings • Nov 02
Third quarter 2022 earnings released: EPS: ر.س0.61 (vs ر.س0.44 in 3Q 2021) Third quarter 2022 results: EPS: ر.س0.61 (up from ر.س0.44 in 3Q 2021). Revenue: ر.س1.64b (up 27% from 3Q 2021). Net income: ر.س921.1m (up 38% from 3Q 2021). Profit margin: 56% (up from 52% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Banks industry in Saudi Arabia. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Announcement • Oct 10
Arab National Bank (SASE:1080) reached an agreement to acquire an unknown stake in Cashee Tech FZCO. Arab National Bank (SASE:1080) reached an agreement to acquire an unknown stake in Cashee Tech FZCO on October 9, 2022. Reported Earnings • Aug 08
Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2022 results: EPS: ر.س0.47 (up from ر.س0.32 in 2Q 2021). Revenue: ر.س1.39b (up 28% from 2Q 2021). Net income: ر.س707.7m (up 50% from 2Q 2021). Profit margin: 51% (up from 43% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 9.2%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 37%, compared to a 26% growth forecast for the industry in Saudi Arabia. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Price Target Changed • Jul 21
Price target increased to ر.س33.40 Up from ر.س30.25, the current price target is an average from 6 analysts. New target price is 7.2% above last closing price of ر.س31.15. Stock is up 41% over the past year. The company is forecast to post earnings per share of ر.س1.85 for next year compared to ر.س1.45 last year. Announcement • Jun 28
Arab National Bank Recommends Interim Cash Dividend for the First Half of 2022 The Board of Directors of Arab National Bank has recommended interim cash dividend to the shareholders of SAR 0.50 for the first half of 2022. Reported Earnings • May 24
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: ر.س0.43 (up from ر.س0.39 in 1Q 2021). Revenue: ر.س1.30b (up 6.2% from 1Q 2021). Net income: ر.س650.7m (up 12% from 1Q 2021). Profit margin: 50% (up from 48% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates by 16%. Over the next year, revenue is forecast to grow 39%, compared to a 27% growth forecast for the industry in Saudi Arabia. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Price Target Changed • May 05
Price target increased to ر.س29.08 Up from ر.س26.89, the current price target is an average from 5 analysts. New target price is 17% below last closing price of ر.س35.20. Stock is up 60% over the past year. The company is forecast to post earnings per share of ر.س1.73 for next year compared to ر.س1.45 last year. Upcoming Dividend • Apr 06
Upcoming dividend of ر.س0.45 per share Eligible shareholders must have bought the stock before 13 April 2022. Payment date: 21 April 2022. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Saudi dividend payers (4.1%). Higher than average of industry peers (2.3%). Reported Earnings • Feb 28
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: ر.س1.45 (up from ر.س1.38 in FY 2020). Revenue: ر.س5.77b (up 26% from FY 2020). Net income: ر.س2.18b (up 5.1% from FY 2020). Profit margin: 38% (down from 45% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) also missed analyst estimates by 6.3%. Over the next year, revenue is forecast to grow 11%, compared to a 28% growth forecast for the banks industry in Saudi Arabia. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Price Target Changed • Feb 01
Price target increased to ر.س23.90 Up from ر.س22.28, the current price target is an average from 4 analysts. New target price is 14% below last closing price of ر.س27.75. Stock is up 38% over the past year. The company is forecast to post earnings per share of ر.س1.55 for next year compared to ر.س1.38 last year. Price Target Changed • Jan 24
Price target increased to ر.س23.73 Up from ر.س21.90, the current price target is an average from 4 analysts. New target price is 11% below last closing price of ر.س26.75. Stock is up 30% over the past year. The company is forecast to post earnings per share of ر.س1.55 for next year compared to ر.س1.38 last year. Major Estimate Revision • Dec 02
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate increased from ر.س1.39 to ر.س1.67. Revenue forecast steady at ر.س5.99b. Net income forecast to grow 18% next year vs 20% growth forecast for Banks industry in Saudi Arabia. Consensus price target up from ر.س20.68 to ر.س21.62. Share price fell 3.5% to ر.س22.20 over the past week. Price Target Changed • Dec 01
Price target increased to ر.س21.62 Up from ر.س20.05, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of ر.س21.62. Stock is up 7.1% over the past year. The company is forecast to post earnings per share of ر.س1.39 for next year compared to ر.س1.38 last year. Reported Earnings • Nov 08
Third quarter 2021 earnings released: EPS ر.س0.44 (vs ر.س0.45 in 3Q 2020) The company reported a mediocre third quarter result with weaker profit margins, although earnings were flat and revenues improved. Third quarter 2021 results: Revenue: ر.س1.29b (up 1.9% from 3Q 2020). Net income: ر.س665.4m (flat on 3Q 2020). Profit margin: 52% (down from 53% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Board Change • Sep 15
High number of new directors Non-Executive Director Nemeh Sabbagh was the last director to join the board, commencing their role in 2021. Board Change • Sep 13
High number of new directors Non-Executive Director Nemeh Sabbagh was the last director to join the board, commencing their role in 2021. Board Change • Sep 12
High number of new directors Non-Executive Director Nemeh Sabbagh was the last director to join the board, commencing their role in 2021. Board Change • Sep 08
High number of new directors Non-Executive Director Nemeh Sabbagh was the last director to join the board, commencing their role in 2021. Board Change • Sep 06
High number of new directors Non-Executive Director Nemeh Sabbagh was the last director to join the board, commencing their role in 2021. Board Change • Sep 04
High number of new directors Non-Executive Director Nemeh Sabbagh was the last director to join the board, commencing their role in 2021. Board Change • Sep 02
High number of new directors Non-Executive Director Nemeh Sabbagh was the last director to join the board, commencing their role in 2021. Reported Earnings • May 10
First quarter 2021 earnings released: EPS ر.س0.39 (vs ر.س0.43 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: ر.س1.22b (down 6.8% from 1Q 2020). Net income: ر.س582.2m (down 9.6% from 1Q 2020). Profit margin: 48% (down from 49% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 24
Upcoming dividend of ر.س0.40 per share Eligible shareholders must have bought the stock before 31 March 2021. Payment date: 12 April 2021. Trailing yield: 4.9%. Within top quartile of Saudi dividend payers (4.5%). Higher than average of industry peers (2.7%). Announcement • Mar 11
Arab National Bank, Annual General Meeting, Mar 30, 2021 Arab National Bank, Annual General Meeting, Mar 30, 2021, at 15:30 Coordinated Universal Time. Location: King Faisal Street, North Muraba Riyadh Saudi Arabia Agenda: To vote on Management's Report on Bank operations for the fiscal year ended 31 December, 2020; to vote on the bank's financial statements as 31 December, 2020; to vote on the Auditor's Report for the fiscal year ended 31 December, 2020; to vote on discharge of Board of Directors members for the fiscal year ended 31 December, 2020; to Vote on periodic updation of the Audit Committee's Terms of Referen; and to consider other matters. Analyst Estimate Surprise Post Earnings • Feb 27
Revenue and earnings miss expectations Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 8.2%. Over the next year, revenue is forecast to grow 33%, compared to a 25% growth forecast for the Banks industry in Saudi Arabia. Reported Earnings • Feb 26
Full year 2020 earnings released: EPS ر.س1.38 (vs ر.س2.02 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ر.س4.55b (down 21% from FY 2019). Net income: ر.س2.07b (down 32% from FY 2019). Profit margin: 46% (down from 53% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 26
New 90-day low: ر.س19.36 The company is down 4.0% from its price of ر.س20.26 on 26 November 2020. The Saudi market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ر.س7.48 per share. Executive Departure • Feb 03
MD, CEO & Executive Director Robert Eid has left the company On the 1st of February, Robert Eid's tenure as MD, CEO & Executive Director of the company ended. We don't have any record of a personal shareholding under Robert's name. Robert is the only executive to leave the company over the last 12 months. Is New 90 Day High Low • Jan 19
New 90-day high: ر.س20.94 The company is up 2.0% from its price of ر.س20.52 on 21 October 2020. The Saudi market is flat over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Banks industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ر.س8.95 per share. Reported Earnings • Nov 12
Third quarter 2020 earnings released: EPS ر.س0.45 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ر.س1.27b (down 16% from 3Q 2019). Net income: ر.س667.9m (down 20% from 3Q 2019). Profit margin: 53% (down from 55% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Nov 12
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 5.1%. Earnings per share (EPS) exceeded analyst estimates by 32%. Over the next year, revenue is forecast to grow 23%, compared to a 17% growth forecast for the Banks industry in Saudi Arabia. Is New 90 Day High Low • Oct 30
New 90-day low: ر.س18.98 The company is down 2.0% from its price of ر.س19.40 on 28 July 2020. The Saudi market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ر.س8.40 per share. Announcement • Oct 10
Arab National Bank Appoints Nizar Abdulaziz Al-Twaijri as the Deputy Managing Director, Effective from 01 February 2021 Arab National Bank announced the appointment of Mr. Nizar Abdulaziz Al-Twaijri as the Deputy Managing Director, effective from 01 February 2021. Mr. Nizar has worked in the banking sector for more than 20 years, and has assumed several leading positions until he assumed the position of Head of Corporate Banking since 2017. Mr. Nizar holds a master's degree in business administration from the University of Maine, and a bachelor degree in Information Systems from King Saud University. 
