• Adjust FV to USD1.82 to incorporate recent 5 : 1 stock split We adjust our Fair Value (FV) estimate for Faisal Islamic Bank to incorporate the 5:1 stock split that took place yesterday on 4 January. The new par value is USD1/share, down from the previous par value of USD5/share. The stock split has increased the total outstanding number of shares to 296.8 million from 59.4 million, with no fresh capital being raised. Subsequently we adjust our FV downwards to USD1.82/share (from USD9.11/share).
Elena Sanchez-Cabezudo, CFA Rajae Aadel
This website uses cookies to make the site work, to understand if the site is working well, how it is being used, to connect to social media sites (such as Facebook and Twitter) and to collect information useful to allow us and our partners to provide you with more relevant ads . Some cookies are essential to make the site work, but you can control how we use non-essential cookies at any time by clicking the “ON/OFF” button next to each category. For more information about the cookies used on this site, see Privacy Policy.
Decide which cookies you want to allow.
Strictly Necessary
These cookies are essential in order to enable you to move around our website and use its features, such as accessing secure areas of our website. Without these cookies, any services on our Site you wish to access cannot be provided.
Analytical/performance cookies
Visitors use our website, for instance which pages you go to most often, and if you get error messages from web pages.