RIYADH: Shares in Saudi Arabia’s largest valued bank Al Rajhi soared to their highest level on Sunday since market debut amid trading of over 5.7 million shares.

With a record share price of SR177.6 ($47.4) at the closing bell, the bank currently holds a market valuation of SR444 billion.

The hike represented 3.62 percent in today’s session, compared to the previous close of SR171.4.

With today’s high Al Rajhi Bank broke the previous all-time high of SR172 it achieved on Apr. 12.