RIYADH: Shares of Al Rajhi, Saudi Arabia’s largest valued bank, have slumped 15 percent since June started, suffering the biggest monthly decline since August 2015 when it fell 17.7 percent, data from Asharq Business shows.
This came after investors reacted cautiously to major central banks’ plans to raise interest rates.
In Wednesday afternoon's trading, shares of Al Rajhi fell 2.44 to SR83.80 ($22), at 12:12 p.m. Saudi time.
The stock price dropped further at the closing bell, closing at SR82.20, down 4.31 percent.
