Tareq A. Al Sadhan, Riyad Bank Chief Executive Officer in top 18% of Saudi Arabian annual return 02 December 2022

NEWS BITES - PEOPLE IN BUSINESS

Tareq A. Al Sadhan's performance as Chief Executive Officer of Riyad Bank (TASI:1010) is ranked in the top 18% of BuySellSignals performers by 3-years average annual return of 24.3%. This corresponds to a percentile ranking of 82.9 out of 211 companies listed in Saudi. The present value of US$1,000 (PV1000) invested 3 years ago is now worth $1,935; a capital gain of $734 and dividend reinvested of $201.

Riyad Bank (TASI:1010) has soared SAR14.52 (or 73.4%) in the past three years to close at SAR34.30 today.

Compared with the All Share Index (TASI) which has risen 37.7% over the same period, this is a relative price increase of 35.7%.

In the past three years market cap has jumped by SAR36.9 billion to SAR102.9 billion ($27.4 billion).

PIB DASHBOARD

NameTareq A. Al Sadhan
DesignationsChief Executive Officer
Tenure3 Yrs, 8 Mos

RIYAD BANK: Short Stock Dashboard

+ Riyad Bank (1010: SAR34.30) Market Cap $27 billion, PV$1000 (1 yr): SAR1,325

IN TODAY'S REPORT:

SECTION 1 BIOGRAPHY: TAREQ A. AL SADHAN, CEO

SECTION 2 THE PAST QUARTER: FINANCIALS

SECTION 3 RIYAD BANK: CORPORATE PROFILE

SECTION 4 RIYAD BANK: BOARD AND MANAGEMENT

SECTION 4 RIYAD BANK: PRICE PERFORMANCE SCORECARD

SECTION 1 BIOGRAPHY: TAREQ A. AL SADHAN, CEO

Tareq Al Sadhan joined Riyad Bank in 2018 as a Senior Executive Vice President and the Chief Financial Officer. His appointment as President & Chief Executive Officer was issued by Riyad Bank's Board of Directors resolution on 01/04/2019.

Al Sadhan started his career with KPMG Saudi Arabia where he spent 18 years progressing through the ranks to became one of the youngest Partners in the history of KPMG. During his last five years at the company, he served as the CEO/Managing Partner and the Chairman of the Advisory Committee.

Prior to joining Riyad Bank, he served in the public sector in Saudi Arabia and held roles such as Advisor to the Chairman in the Saudi Fund for Development (SFD), Acting Director General at the General Authority for Zakat and Tax (GAZT), and Deputy Governor for Supervision at the Saudi Central Bank (SAMA).

Al Sadhan is an active member of various external organizations and holds a number of memberships as well as Board roles throughout his career. He is a member of the 2020 World Economic Forum's Stewardship Board for the Middle East and North Africa. He is also a Fellow of the American Institute of Certified Public Accountants (AICPA) and the Saudi Organization for Certified Public Accountants (SOCPA).

Al Sadhan holds a master's degree in Business Management from Ecole National des Ponts et Chaussees in France and received his bachelor's degree in Administration Science from King Saud University, majoring in Accounting.

SECTION 2 THE PAST QUARTER: FINANCIALS

Riyad Bank reports 13% sequential rise in Quarterly Net Profit

Release Date: November 01, 2022

Riyad Bank (TASI:1010), announced net profit of SAR1.8b ($487m) for the quarter-ended 30 September 2022 [Q3/2022], up 13% from the previous quarter [Q2/2022] and up 18% from the year-earlier period [Q3/2021].

Quarterly Report (Q3 2022)

Quarter-ended30 Sep [Q3/2022]30 Jun [Q2/2022]31 Mar [Q1/2022]
Revenue, SAR3.5billion3.2billion-
Revenue, $940million861million-
Net Profit, SAR billion1.81.61.6
Net Profit, $ million487430414
Sequential growth in Net Profit %13.43.8-

Compared with the Previous Corresponding Period [PCP; Q3/2021], year-over-year [y.o.y.] EPS was up 15.7%, Revenue was up 25.2% and Net Profit was up 18.5%.

Quarter-ended30 Sep [Q3/2022]30 Sep [Q3/2021]
EPS, hallalah5951
PCP growth in EPS %16-
Revenue, SAR billion3.52.8
Revenue, $ million940751
PCP growth in Revenue %25.2-
Net Profit, SAR billion1.81.5
Net Profit, $ million487411
PCP growth in Net Profit %18.519.0

SECTION 3 RIYAD BANK: CORPORATE PROFILE

3.1 Riyad Bank Activities

Riyad Bank is a Saudi Arabia-based joint stock company operating in the banking and finance sector in compliance with Islamic Sharia. Its main activities are offered through three segments: personal banking, corporate banking and treasury and investment. Personal banking offers services, like current accounts, savings accounts, time deposits, credit cards, loans and borrowings. Its corporate segment provides business banking solutions, such as direct debit solutions, cash management, transfer solutions, online corporate banking, short and long term financing services, transfers and payroll solutions. It is Saudi Arabia's 3rd largest Bank by market capitalisation.

3.2 RIYAD BANK Stock Dashboard [traded in Saudi Riyal, SAR]

ExchangeSAUDI ARABIANSectorBank
Currency1.000 USD = 3.75 Saudi Riyal (SAR)Independent Sector RankingRanked 706 in Forbes2000
Dec 01, 2022SAR34.30Market CapSAR103 billion
Dividend Yield (TTM)3%Shares Outstanding3,000,000,000
DPS (past 12 months)SAR1% Held by Top 10 Shareholders53.9
EPS Growth (Q3 2022 vs Q3 2021)15.7%1010 in IndicesAll Share, Banks & Financial Services
Ave Daily Volume589,479 sharesIndependent Sector comparison by Dividend Yield % (TTM)Stock: 3.03; Sector: 2.11. 30.4% Discount to sector av. Attractive dividend yield compared to sector av
52-Week Range25.50 - 42.31PV$1000 (1 yr)SAR1,325

SECTION 4 RIYAD BANK: BOARD AND MANAGEMENT

4.1 Top Management

Top Management [Four top executives with tenure < 5 yrs]

NameDesignationSince Appointment
Tareq A. Al SadhanChief Executive Officer3 Yrs, 8 Mos
Abdullah Mohammed Al-IssaNon-Executive Chairman3 Yrs, 1 Mo
Abdullah Ali Al-OrainiChief Financial Officer3 Yrs, 11 Mos
Mohammed Abdullah Al YahyaChief Operating Officer4 Yrs, 11 Mos

4.2 Board Of Directors

Board Of Directors [Eleven directors with tenure > 6 yrs]

NameDesignationSince Appointment
Jamal Abdul Karim Abdul Karim Al RammahDirector6 Yrs, 1 Mo
Ibrahim Hassan SharbatlyDirector6 Yrs, 11 Mos
Talal Ibrahim Al-QudaibiIndependent Director6 Yrs, 11 Mos
Mutaz Kusai Al-AzzawiDirector-
Nader Ibrahim Al-WehibiDirector-
Muhammad Omeir Aaed Al OteibiDirector-
Mohammed Abdulaziz Al-AfaleqDirector-
Ibrahim Hassan Abbas SharbatlyDirector-
Abdul-Rahman Amin JawaIndependent Director-
Mohammed Omair Ayed Al-OtaibiIndependent Director-
Mohammed Talal Al-NahasIndependent Director-

SECTION 4 RIYAD BANK: PRICE PERFORMANCE SCORECARD (SAUDI:1010):

4.1 Created Market Value [CMV] past 10 yrs of SAR62.8 billion ($16.7 billion)

Market Capitalization has increased by SAR68.4 billion from SAR34.5 billion to SAR102.9 billion in the last 10 years. This increase comprises cumulative retained earnings (RETE) of SAR5.6 billion and Created Market Value of SAR62.8 billion. The Created Market Value multiple, defined by the change in MCap for every SAR1 of retained earnings is exemplary at SAR12.21.

YearsCMV Value (Billion)RETE (Billion)Multiple
2SAR37.6 SAR3.4 SAR11.95
3SAR32 SAR4.9 SAR7.59
5SAR64.9 SAR2.2 SAR30.90
10SAR62.8 SAR5.6 SAR12.21

4.2 Stock vs Index (Annual Percentage Change)

December 31Last price in SAR Annual ReturnIndex return of All Share Index (TASI)
2021SAR26.3739.829.8
2020SAR18.86-12.63.6
2019SAR21.5823.87.2
2018SAR17.4361.18.3
2017SAR10.82--

Over 5 years Riyad Bank is up a total 143.8% at an annualized rate of 25.0% compared to the Index being up 56.1% at an annualized rate of 11.8%.

Riyad Bank has outperformed the All Share Index (TASI) in 3 of the past 5 years

years: 2021, 2019, 2018;

4.3 Total Shareholder Returns [TSR] (Past 10 years)

Riyad Bank is ranked in the top 11% of BuySellSignals performers for the past ten years; a percentile ranking of 89. In the last 10 years the average annualized return to shareholders was 15.1%. The 10-year average return is ranked 5,076 out of 57,879 public companies traded globally. A four-bagger, the present value of US$1,000 (PV1000) invested 10 years ago is now worth $4,069; a capital gain of $2,469 and dividend reinvested of $600.

4.4 Annualised Period-based Total Shareholder Returns [TSR %]: The Best Periods with TSR > 15%

TSR %1 yr3 yrs5 yrs10 yrs
1010.TASI32.524.331.515.1

4.5 Moving Annual Return of 32.8% in the past year:

Moving Annual Return was 32.8% in the past year. Based on a dynamic start date of 5 years ago, the real rate of return has averaged 32.6%. The Moving Annual Return has been positive in 4 of the last 5 years.

1010Close (SAR)Dividends (SAR)Capital Gain / (Loss) %% YieldAnnual Return %
Dec 0134.31.0428.93.932.8
1 Yr ago26.62140.65.345.8
2 Yrs ago18.940.55(4.3)2.8(1.5)
3 Yrs ago19.780.5528.63.632.1
4 Yrs ago15.390.3750.43.654.0

Close 5 years ago SAR10.23

4.6 Present Value of SAR1000 invested in the past

The present value of SAR1000 invested a year ago is SAR1,325

PV10001-week1-month1-year
1010.TASI9699481,325
All Share Index (TASI)989965997

4.7 Price Change % (1 Mo, 3 Mo, 1 Yr)

1-Year price change of 28.9% for Riyad Bank outperformed the change of 0.9% in the All Share Index (TASI) for a relative price change of 28.0%.

Price Change %1-Month3-Month1-Year
1010-5.2-0.628.9
Bank sector-6.2-11.2-8.4
All Share Index (TASI)-6.1-10.90.9

Riyad Bank

ISIN: SA0007879048

Stock PermID: 4295887338

RIC: 1010.SE

Source: www.BuySellSignals.com