14 Hrs
معلومات مباشر
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معلومات مباشر

2026-11-04T12:50:27.743Z

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SAL Buy Target at SAR 175

SAL Buy Target at SAR 175

Riyad Capital maintained its Buy recommendation on SAL shares and set a 12-month price target of SAR 175, implying an expected total return of 18.7% from the closing price of SAR 153.70. In the third quarter of 2026, the company posted net profit of SAR 232 million, up 28% year on year, and revenue of SAR 579 million, up 38%. The research firm attributed the performance to increased business activity, improved efficiency and a stronger revenue mix. Revenue from the logistics services segment rose 53% to SAR 76 million, despite higher operating expenses.

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