Article Hero

Alahli Stock (Tadawul:1180)

9 minutes
alahli stock
Cristian Cochintu
Cristian Cochintu
26 April 2024

Despite a grim 2023, Alahli shares remain very popular among Saudia investors and top-performing international funds. While you can buy Alahli shares directly, sometimes it is worth considering an ETF with Alahli representation. 

The Saudi National Bank (SNB), formerly known as the Alahli Bank, is one of the largest financial institutions in Saudi Arabia, offering a wide range of banking and investment services to individuals, businesses, and institutional clients. Established in 1953, the bank has grown to become a leading player in the Saudi Arabian banking industry, with operations in multiple countries, including Egypt, Bahrain, and Jordan. 

In April 2021, the National Commercial Bank changed its name to The Saudi National Bank, reflecting its status as one of the most significant banks in the country. The bank's shares are listed on the Saudi Stock Exchange (Tadawul) under the ticker symbol "1180" and are widely held by a diverse range of investors, including both domestic and international institutional investors, as well as individual investors. Alahli Bank shares have also been included in various global indices and exchange-traded funds (ETFs), such as the iShares MSCI Saudi Arabic ETF (KSA), making them a popular choice among investors looking to gain exposure to the Middle Eastern banking sector. 

Alahli Stock (Tadawul:1180) - Research and Ratings

  • Is Alahli stock undervalued compared to its fair value, analyst forecasts, and its price relative to the market?
  • What is the analyst's 12-month Alahli share price forecast?
  • What are Alahli’s future growth expectations?
  • How has Alahli stock performed over the past 5 years?
  • Should you buy Alahli shares or invest in ETFs with "1180" representation?


Understanding Alahli Stock: A brief history 

Alahli Bank provides various banking products and services in Saudi Arabia. The bank's shares are listed on the Saudi Stock Exchange (Tadawul) under the ticker symbol "1180 

The Bank’s business activities are divided into four segments: 

  • Retail segment: Offers banking services and Shariah-compliant products to individuals and private banking customers. 
  • Wholesale segment: Offers credit-related and financing products to small, medium, and large businesses, along with treasury and correspondent banking services. Manages investment, trading, and market risks. 
  • Capital Market segment: Offers asset management, wealth management, investment banking, and shares brokerage services. 
  • International segment: Provides banking services outside Saudi Arabia, distributes Islamic insurance products, and engages in real estate development, derivatives trading, and recruitment and trade finance services. 

Aramco shares are distributed among 4 categories:  

  • General Public: 55.3% 
  • Sovereign Wealth Funds: 37.6% 
  • Institutions: 6.99% 
  • Individual Insiders: 0.0619% 

The top 25 shareholders own 43.95% of the company, while the top 5 shareholders are:

  • The Public Investment Fund of The Kingdom of Saudi Arabia - 37.6% 
  • The Vanguard Group, Inc. - 2.00% 
  • BlackRock, Inc. - 1.28% 
  • FMR LLC - 0.55% 
  • T. Rowe Price Group, Inc - 0.49% 

Alahli  Stock - Fundamental Analysis and Financial Ratings 

See the latest Alahli stock price analysis, including valuation, future growth, past performance, and more to help you make more informed investing decisions. 


Is Alahli stock undervalued compared to its fair value, analyst forecasts, and its price relative to the market? 

  • Alahli shares is expensive based on its Price-To-Earnings Ratio (11.4x) compared to the Asian Banks industry average (9.2x). 
  • Alahli shares are good value based on its Price-To-Earnings Ratio (11.4x) compared to the estimated Fair Price-To-Earnings Ratio (13x). 
  • Alahli shares are good value based on its Price-To-Earnings Ratio (11.4x) compared to the peer average (14.9x).

Future Growth 

Saudi National Bank is forecast to grow earnings and revenue by 1.9% and 8.1% per annum respectively. EPS is expected to grow by 7.7% per annum. Return on equity is forecast to be 12.8% in 3 years.

  • Alahli bank's forecast earnings growth (8.4% per year) is above the savings rate (9.1%). 
  • Alahli bank's earnings (8.4% per year) are forecast to grow faster than the Saudi market (2.8% per year). 
  • Alahli bank's earnings are forecast to grow, but not significantly. 
  • Alahli bank's revenue (8.4% per year) is forecast to grow faster than the Saudi market (1.9% per year). 

Past Performance 

How has Alahli stock performed over the past 5 years? 

  • Alahli shares have high quality earnings. 
  • Alahli share's current net profit margins (57.1%) are higher than last year (57.5%). 
  • Alahli share's earnings have grown by 16.1% per year over the past 5 years. 
  • Alahli share's earnings growth over the past year (6.8%) exceeds its 5-year average (16.1% per year). 
  • Alahli share earnings growth over the past year (6.8%) exceeded the Banks industry 15.3%. 

Financial Health  

What is Alahli's financial position?  

  • Alahli Bank's Assets to Equity ratio (5.9x) is low. 
  • Alahli Bank has a sufficient allowance for bad loans (140%). 
  • 78% of Alahli Bank's liabilities are made up of primarily low risk sources of funding. 
  • Alahli Bank has an appropriate level of Loans to Assets ratio (58%). 
  • Alahli Bank's Loans to Deposits ratio (89%) is appropriate. 
  • Alahli Bank has an appropriate level of bad loans (1.2%). 


Saudi National Bank is a dividend-paying company with a current yield of 4.74% that is well covered by earnings. 

  • Alahli Bank has been paying a dividend for less than 10 years and during this time payments have been volatile. 
  • Alahli Bank's dividend payments have increased, but the Bank has only paid a dividend for 9 years. 
  • Alahli Bank's dividend (4.74%) is higher than the bottom 25% of dividend payers in the Saudi market (1.56%). 
  • Alahli Bank's dividend (4.74%) is low compared to the top 25% of dividend payers in the Saudi market (4.79%). 

Alahli 's Shares Price Forecast 

What is the analyst 12-month Alahli stock price forecast, and do we have any statistical confidence in the consensus price target from analysts? 

Alahli 's Shares Price Forecast


According to, the Alahli stock 12-month target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement. 

Wallet investor site suggests that the price of Alahli stock will decline in 2024 compared to the current price, ending the year at an average price of 15.934 SAR.

There are no 5-year Alahli shares price forecasts and price predictions. 

Important: When considering Alahli's fundamental analysis, financial rating and price predictions, it’s important to remember that high market volatility and changing economic environment makes it difficult to give long-term estimates. As such, analysts and algorithm-based platforms can and do get their ratings and predictions wrong. Always do your own research before making an investment decision. And never trade or invest more than you can afford to lose. 

Alahli Stock Price - Technical Analysis  

As per the weekly chart, National Bank stock has exhibited a sideways trading pattern since the start of 2023.

Alahli Stock Price - Technical Analysis 

According to the Bollinger Band indicator, the upward momentum seems robust, suggesting a high likelihood of the price retesting the upper boundary of the current channel at 41.05 Saudi riyals. To reinforce this scenario, technical analysts anticipate the Parabolic indicator forming beneath the upward trend as confirmation.

Should this scenario unfold, traders will monitor the subsequent resistance levels within the major sequence at SAR 42.20 to SAR 45.00.

How to Invest in Alahli Stock 

Some investors want to take an active hand in managing their investments, while others prefer to set it and forget it. Your preference may change but decide on an approach to get started. 

For most people, stock market investing means choosing among these two investment types: 

Individual Alahli shares  

If you’re after a specific company, you can buy a single share or a few shares to dip your toe into the stock-trading waters. Building a diversified portfolio out of many individual stocks is possible, but it takes significant investment and research. 

If you go this route, remember that individual stocks will have ups and downs. If you research a company and choose to invest in it, think about why you picked that company in the first place if jitters start to set in on a down day. 

Traditional stockbrokers allow you to invest in local stocks. However, you might not be able to invest in international stocks listed on the major stock exchanges, global ETFs, and other assets. 

ETFs with Alahli holdings 

Alahli stock (or any single stock, for that matter) can be a very volatile investment. You can manage the risk you see extreme highs and lows by diversifying your investment holdings. An ETF, for instance, contains a basket of individual stocks. When you invest in a fund, you also own small pieces of each of those companies. 

If you want an ETF with Alahli representation, you might consider iShares MSCI Saudi Arabia ETF (KSA). BlackRock's iShares is the largest provider of ETFs as calculated by assets under management. 

The fund can be suitable for Arab and foreign investors who want liquid and diversified exposure to the top 10 companies listed on the Saudi Stock Exchange:

Al Rajhi BankAlAhli Bank
Aramco - Saudi Arabian OilSaudi Arabian Mining
SABICSaudi Telecom
Riyad BankAlinma Bank
Saudi ElectricityBank Albilad

Why invest in Alahli Stock via KSA? 

The iShares MSCI Saudi Arabia ETF seeks to track the investment results of a broad-based index composed of Saudi Arabian equities. With net assets of almost $1B, The iShares MSCI Saudi Arabia ETF (KSA) is the largest exchange-traded fund that seeks to track the investment results of an index composed primarily of frontier market equities along with select emerging market equities.

  1. Access to the Saudi Arabian stock market, which has historically been closed to foreign investors. 
  2. Targeted exposure to a country with growth potential. with One click accesses to a virtually untapped investment portfolio, including Saudi Stock Exchange and TASI index exposure. 
  3. Use to seek long-term growth and diversification. 

How to Get Started with 

Here is how to buy and trade stocks, ETFs and other assets with an international, highly regulated broker like 

  • Choose which type of account you want to use. Your first concern should be your risk appetite and time horizon. If you want to buy and hold shares, open an Invest account. If you want to speculate on price movements (including falling prices) with zero commission and leverage, open a CFD trading account. 
  • Create an account. Regardless of your chosen account, you need to register and complete the KYC process to verify your identity. 
  • Fund your account with fiat money. Before buying and trading stocks and ETFs, you need to fund your exchange account with U.S. dollars, Euros, or other currencies. 
  • Place your order. Click on the "Search" icon located in the left panel or by clicking on "ETFs" and then select the instrument, such as "iShares MSCI Saudi Arabia ETF”.


When trading stocks, the CFDs (contracts for difference) are stored in your account and are more liquid than the underlying asset.  

However, you should be aware that CFD trading is fast-moving and requires close monitoring. As a result, traders should be aware of the significant risks when trading CFDs. There are margins you need to maintain; if you cannot cover reductions in values, your position might be closed, and you'll have to meet the loss no matter what subsequently happens to the underlying asset. 

With CAPEX, you can trade CFDs on +2.000 stocks and invest in +5.000 stocks and ETFs with ownership. 

Free trading tools and resources 

Before you start investing in shares, you should consider using the educational resources we offer like CAPEX Academy or a demo trading account. CAPEX Academy has lots of free trading courses for you to choose from, and they all tackle a different financial concept or process – like the basics of analyses – to help you to become a more informed trader. 

Our demo account is a great place for you to learn more about leveraged trading, and you’ll be able to get an intimate understanding of how CFDs work – as well as what it’s like to trade with leverage – before risking real capital. For this reason, a demo account with us is a great tool for investors who are looking to make a transition to leveraged trading. 


About Us - SAUDI NATIONAL BANK "Alahli" 

The Saudi National Bank (SASE:1180) Stock Valuation - Simply Wall St 

The Saudi National Bank (1180.SR) Stock Price, News, Quote & History - Yahoo Finance 

Saudi National Bank Stock Forecast: 1180 Stock Price Prediction, Long-Term; Short-Term Share Revenue - Walletinvestor 

FAQs about Alinma Shares






Cristian Cochintu
Cristian Cochintu

Cristian Cochintu writes about trading and investing for Cristian has more than 15 years of brokerage, freelance, and in-house experience writing for financial institutions and coaching financial writers.