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Research firm sets Saal target at 186 riyals
The article focused on Saudi Logistics Company SAL's results in the second quarter of 2026, where it achieved profits higher than expectations with a 30% increase in revenues compared to the same period last year. The net profit reached 191 million Riyals, an 18% rise. These results are attributed to the recovery of air freight activities and increased demand, along with the signing of several new agreements with airlines such as Valley Kifa, Centron Air, and Singapore Airlines. The company is now valued at a target price of 186 Riyals per share and is recommended to hold the stock with a "neutral" outlook, expecting performance to return to its normal level in the third quarter of 2026.
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