AlphaMena Corporate Services - KINGDOM HOLDING CO (KINGDOM) Sparkles again and again

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AlphaMena Corporate Services

EUR 236.14 For Business Accounts Only

Sparkles again and again

KHC posted a 10.97% rise in Q3 2015 net profit to reach SAR669.232M vs. SAR603.071M in the same period in 2014. Meanwhile, Kingdom Holding made a net profit of SAR291.55M in the three months to 30/09/2015, up from SAR265M in the same period a year earlier. By segment, the Equity sector posted the best performance: Q3 2015 revenues up by 235.313% with a net profit increase of 113.426% compared to the same period of 2014.

03/11/2015 2 EN

Underlying

KINGDOM HOLDING CO

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Saudi Arabia

Provider

AlphaMena Corporate Services

AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.

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AlphaMena Corporate Services

A net profit of SAR707M, let's read between the lines!

Q4 2015: Revenues reached SAR1.081bn vs. SAR946.934M, yoy. Q4 2015 Net profit curtailed to only SAR37.910M due to a provision for impairment amounting to SAR-370M. This provision is related, according to the Group, to the review of the carrying value of certain investment. At the end of 2015: Revenues increased by 2.77% to SAR3.492bn vs. SAR3.398bn, a year ago. Thanks to a decrease in the operating costs, the EBITDA margin grew to 48.9% vs.

EUR 236.14

March 10, 2016 March 10, 2016 2 EN

AlphaMena Corporate Services

Glamour days are yet to come

KHC posted a 12.6% rise in Q2 2015 net profit to reach SAR238.3M vs. SAR211.7M in the same period in 2014. Meanwhile, the net profit for the first six months of the year stood at SAR377.7M, an 11.7% rise from SAR338M in H1 2014. The Real Estate sector continues to perform well as the net profit jumped by 86.35% to SAR49.025M, with revenues up by 19.84%. The gross margin grew significantly from 66.46% to 73.4%, profiting from the fall recorded in the general and administrative expenses (-7.04%).

EUR 236.14

August 21, 2015 August 21, 2015 2 EN

Resilient despite the turmoil

Resilient despite the turmoil SIGNIFICANT NEWS Jordan Ahli Bank’s 9M 2020 net profit declined by 44.80%, yoy, to JOD8.885m due to the rise of the cost of risk which more than tripled reaching JOD12.430m. Loans and deposits rose by 1.81% and 0.25%, ytd, respectively, reflecting the harsh operating context. However, we expect the bank to maintain a strong equity generation capacity and we expect JAB’s Tier 1 to stand at 14.75% by the end of 2020 (vs. 14.54% in 2019). FACT Jordan Ahli Bank announced a high double-digit decline rate in its 9M 2020 net profit, reaching JOD8.885bn. The rise in...

November 27, 2020 November 27, 2020 3 EN

Belhassen Achour

Belhassen Achour

Tough year but better long term perspectives (Jordan Ahli Bank)

Tough year but better long term perspectives EPS CHANGE CHANGE IN EPS2020 : JOD 0.06 vs 0.05 +19.7% 2021 : JOD 0.09 vs 0.11 -15.6% We have revised upward our 2020 EPS (JOD0.06 vs. JOD0.05 previously forecasted) as we expect JAB to generate significant revenues, offsetting thus, the cost of risk’s rise (revenues would reach JOD108m vs. JOD97.2m previously expected). CHANGE IN NAVJOD 0.87 vs 0.97 -10.0% We have revised upward our NAV (JOD0.87 vs. JOD0.97 previously expected) due to JAB’s minor issues to enhance its capital generation capacity. CHANGE IN INTRINSIC VALUE JOD 0.86 vs 1.03 -16.6...

November 27, 2020 November 27, 2020 2 EN

Belhassen Achour

Belhassen Achour

A boost is needed

A boost is needed INITIATION COV. Founded in 1955, Jordan Ahli Bank (JAB), accumulates a banking experience that exceeds the 60 years. JAB, has been listed on Amman Stock Exchange since April 2007 and is, today, one of the 6 largest Jordanian banks in terms of assets. In 2019, Jordan Ahli Bank operated through four business segments. The most important segments are Retail and Corporate banking divisions. Meanwhile, the bank has Treasury and Financial Brokerage segments. In addition to its widespread network on the local market, the Jordanian bank also operates through four subsidiaries. Off...

July 28, 2020 July 28, 2020 41 EN

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Sparkles again and again

A net profit of SAR707M, let's read between the lines!

Glamour days are yet to come

Resilient despite the turmoil

Tough year but better long term perspectives (Jordan Ahli Bank)

A boost is needed

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