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Al Jazeera Capital: Extra share drop signals buy chance
Al Rajhi Capital announced that the significant decline in the share price of Extra Company presents an attractive investment opportunity, with expectations of a 31.9% increase to a target price of 98.6 SAR, supported by attractive dividend yields and strong cash flows. Recent regulatory adjustments influenced by changes from the Saudi Central Bank have had varying impacts on Extra’s shares, including an 11.4% decrease since the beginning of the year. However, forecasts indicate the company's continued growth at an average annual rate of 6.8% in revenue and 7.5% in profits between 2025 and 2028, while maintaining high dividend yields and strong cash generation.
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