Research firm keeps Neutral on STC Saudi Arabia
In the second quarter of 2026, Zain Saudi Arabia recorded a significant increase in its profits of 60.6%, raising its net profit to 204 million riyals, while its revenues remained stable at approximately 2.65 billion riyals. The growth led to improved margins and a higher contribution from 5G services, despite a decline in mobile phone sales. Aljazira Capital maintained its "Neutral" recommendation for the stock with a target price of 11.40 riyals, and forecasts indicate a continued increase in the company's leverage level over the medium term.
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