18 Hrs
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معلومات مباشر
Source: معلومات مباشر
18 Hrsمعلومات مباشر
Source: معلومات مباشر
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Riyad Capital lowered its target price for National Industrialization Co. (Tasnee) to SAR 8 from SAR 9, while maintaining its Neutral recommendation and forecasting a total return of around 9% over 12 months, compared with the closing price of SAR 7.34. It attributed the reduction to the continued impact of the decline in the value of its investment in Tronox and persistently negative profit margins despite higher sales volumes, as well as operational factors and feedstock costs. The company reported a net loss of SAR 439 million in the third quarter of 2026, down 21% year on year. Riyad Capital is awaiting the cracker unit expansion reaching full capacity.
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