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2026-11-04T13:12:27.868Z

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SAL gets 175-riyal target

SAL gets 175-riyal target

Riyad Capital maintained its Buy rating on SAL Logistics Services, setting a 12-month price target of SAR 175, compared with a closing price of SAR 153.70, implying an expected total return of 18.7%. In the third quarter of 2026, the company posted net profit of SAR 232 million, up 28% year over year, and revenue of SAR 579 million, up 38%. Revenue from its logistics services segment also rose 53% to SAR 76 million, while the company noted higher operating expenses related to its expansion.

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