Al Rajhi Capital

Saudi sovereign fund to double assets in next five years to $1.07trln: Crown Prince

Strategy aims to create 1.8 million jobs by 2025
Reuters News - 24-Jan-2021
Aramco may have to sell assets, borrow more to maintain Saudi dividend

While it is not obliged to maintain such a high payout, economists expect the firm to continue to offer the same support to state coffers next year
Reuters News - 16-Dec-2020
Saudi 2021 budget cuts spending after deficit spike on oil, COVID-19

Saudi Arabia expects the economy to shrink by 3.7% this year but to swing back to a 3.2% growth next year
Reuters News - 15-Dec-2020
Analysis: Saudi banks post better-than-expected Q3 results

Robust mortgage lending, easier cost of funds and lower than expected provisioning helped
ZAWYA - 23-Nov-2020
Saudi Cement Q3 earning up 24.7% over volume surge

While continued growth from mortgages aided volume growth, gross profits and operating income increased by 23.8% y-o-y
TradeArabia - 01-Nov-2020
Saudi Arabia to cut spending next year, sees economy bouncing back

Deficit seen at 5.1% of GDP in 2021 after 12% in 2020
Reuters News - 30-Sep-2020
Weak Q2 projected for Saudi petrochemical sector - Al Rajhi Capital

The top three companies that contributed the most to TASI’s rally were SABIC, Saudi Aramco and Saudi Telecom Company, Al Rajhi Capital said in a report
Mubasher - 05-Jul-2020
Saudi cement sees big demand despite Covid-19 lockdown

The cement sector witnessed a 11% growth in material demand for the first five months of 2020
TradeArabia - 24-Jun-2020
Saudi cement demand up despite Covid-19 lockdown: report

Saudi Arabia's cement sector witnessed a 11% growth in material demand for the first five months of 2020
TradeArabia - 24-Jun-2020
Saudi mortgages likely to grow 40% in 2020: report

During April and May, the mortgage lending data of $2bln has been encouraging
TradeArabia - 17-Jun-2020
Outlook: COVID-19, low oil prices, expat exodus hit GCC cement sector

Regional players should look ahead for future opportunities
ZAWYA - 08-Jun-2020
Q1 outlook: Why top Saudi Arabian banks could see drop in earnings

NIM pressure, higher cost of risk, and lower fee-based income adds pressure
ZAWYA - 26-Apr-2020
Project delays may hit Saudi cement demand, says report

The total market volume in Q1 grew 33% on an average when compared to last year.
TradeArabia - 16-Apr-2020
What's your COVID-19 investment strategy? Defensive stocks offer safety, growth

Focus shift to strategies that consider a recovery in business and economic activity
ZAWYA - 15-Apr-2020
Saudi Arabia may tap debt market as oil output cuts hit revenues -sources

Riyadh increased its debt ceiling to 50% of GDP from a previous 30% in March.
Reuters News - 13-Apr-2020
Saudi oil revenue could drop by $38.5bln on OPEC+ cuts

Non-oil revenue could also decline leading to widening deficit
ZAWYA - 13-Apr-2020
Saudi Aramco will earn $74bln in 2020: report

Income to rebound in 2021
Thomson Reuters Projects News - 09-Apr-2020
Al Rajhi Capital raises Aramco target price to SAR 35/share

Dividend prioritization renders valuation mostly unaffected by volatile oil prices
ZAWYA - 08-Apr-2020
Petrochemicals industry outlook: GCC firms face risks from coronavirus spread, oil drop

The short-term outlook for the Saudi petrochemicals sector is very challenging
ZAWYA - 08-Apr-2020
Saudi market outlook: As product prices sink, target prices of petchem stocks slashed

No material recovery seen in petrochemical prices until 2022
ZAWYA - 05-Apr-2020
Drops in Saibor and oil prices could squeeze Saudi bank profits further

Banking stocks have declined 35% since January
ZAWYA - 31-Mar-2020
Saudi Aramco's 2019 profit down 21%, cuts spending, experts comment

Aramco is in solid position to contribute distributing good dividends, Mazen Al Sudairi, Head of Research, Al Rajhi Capital.
Reuters News - 15-Mar-2020
Dubai's Emirates Investment Bank names new CEO

New CEO joins from Saudi's Al Rajhi Capital
ZAWYA - 12-Feb-2020
Emirates Investment Bank names Gaurav B. Shah as Chief Executive Officer

Gaurav brings over 20 years of experience in wealth and asset management and investment banking, having worked in top-tier banking and finance institutions across Europe and the Middle East.
Press Release - 10-Feb-2020
Dubai's Emirates Investment Bank names new CEO

New CEO joins from Saudi's Al Rajhi Capital
ZAWYA - 10-Feb-2020
Al Rajhi Capital sets Sadafco’s target price

Sadafco to improve market share
Mubasher - 05-Feb-2020
Vodafone Egypt deal to foster Saudi STC's regional growth plans: experts

The non-binding deal values Vodafone Egypt at $4.35bln
ZAWYA - 03-Feb-2020
Al Rajhi Capital rates Saudi Aramco 'neutral'; fair price at SAR 37.50

The target price, implying 8.9% upside, potentially gives Aramco a valuation of $2trln.
ZAWYA - 26-Jan-2020
Mideast Stocks: Saudi stocks gain as Aramco rebounds; other markets little changed

First Abu Dhabi Bank lifts Abu Dhabi
Reuters News - 20-Jan-2020
Mideast Stocks: Financials lift Saudi market; most Gulf stocks gain

Saudi Arabia's index was up 0.2% with Al Rajhi Bank gaining 0.3% and the biggest bank, National Commercial, adding 0.4%
Reuters News - 20-Jan-2020
Mideast Stocks: Saudi index slips, weighed down by banks and Aramco

Almarai drops on profit fall
Reuters News - 19-Jan-2020
Mideast Stocks - Financial shares lift Gulf markets

State-owned oil giant Saudi Aramco edged down 0.1%
Reuters News - 19-Jan-2020
Saudi Q4 earnings outlook for equities, petrochem, banks and F&B

Net profit of petrochemical sector set to drop while cement, healthcare will shine
ZAWYA - 14-Jan-2020
Affordable housing drives Saudi cement sector

Due to improving volume growth and better realized prices the margins of the cement companies have improved recently: report
TradeArabia - 26-Dec-2019
Saudi untapped mortgage market nears $133bln: Al Rajhi Capital

About 1.22mln homes are likely to be constructed from 2020 to 2030
Mubasher - 25-Dec-2019
Saudi banks' mortgage potential reaches $133bln

Banks with highest retail market share set to benefit most
ZAWYA - 19-Dec-2019
Saudi petchem sector likely to see weak Q4: report

Petchem prices likely to remain under pressure in the near term on weak demand amid global trade concerns
TradeArabia - 03-Dec-2019
Sales transactions grow 30% in Saudi Arabia

Growth in POS is attributed to restaurants and hotels segment
Mubasher - 03-Dec-2019
Saudi expects wider 2020 budget deficit of $50bln - finance minister

Saudi Minister Mohammed al-Jadaan said that the revenues would go down to $222.13bln in 2020 from $244.53bln projected for 2019
Reuters News - 31-Oct-2019
Saudi banking outlook: Profits likely to face pressure; mortgage the way forward

A squeeze on net interest margins, slow pick up in loan growth and poor asset quality metrics are key negatives for the Saudi banking sector
ZAWYA - 08-Oct-2019
Dialing the future: Road ahead for telecom firms in UAE and Saudi Arabia

The sector is the second largest in terms of market capitalisation on the Dubai and Abu Dhabi stock markets and is the third largest on the Saudi market
ZAWYA - 27-Aug-2019
Shares in Saudi's Sipchem surge despite slight drop in Q2 profit

Firm's shares rose 4.38% to SAR20.04 by 13:33 GST on Thursday as the stock was the best performer on the Saudi exchange
ZAWYA - 25-Jul-2019
Saudi Telecom Q2 profit climbs, announces dividend

STC's shares were trading 0.36% higher at SAR110 by 14:02 GST on Tuesday and have added 19.83% so far since the start of 2019
ZAWYA - 23-Jul-2019
Forbes Middle East Reveals Top Indian Leaders Making An Impact In The Middle East 2019

Forbes Middle East releases its 7th annual ranking of the region's most impactful Indian leaders.
Press Release - 07-Jul-2019
Saudi miner Ma'aden says unit signs financing agreement, shares rise

The new debt will replace the existing debt, with more favorable terms
ZAWYA - 25-Jun-2019
Sentiment becomes "marginally less optimistic" towards Saudi banks post-MSCI first tranche inclusion

Net interest margins for Saudi banks could come under "slight pressure" in the medium term
ZAWYA - 16-Jun-2019
Goldman was top broker in Saudi market in May as foreign interest surged

Goldman, which was not even among the top ten brokers in Saudi Arabia in April, handled 18.6% of trades by value and 12.3% by volume in May
Reuters News - 10-Jun-2019
Saudi Arabia’s cement prices to stay firm, demand to drop significantly

The Saudi cement sector’s first quarter earnings were backed by improved prices, analyst says
ZAWYA - 21-May-2019
Shares in Saudi's Bupa Arabia rally as first quarter earnings rise

Bupa's shares were trading 4.75% higher on Sunday, outperforming all shares on Tadawul
ZAWYA - 12-May-2019
MENA equity markets set for growth, says Franklin Templeton

Saudi Arabia, Egypt and Dubai markets tipped by emerging markets specialist for improved performance
ZAWYA - 05-May-2019

More Related News