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Research firm sets SAIL target at 186 Riyals
Saudi Arabian Logistics Services Company (SAL) achieved strong results in the second quarter of 2026, recording a net profit of 191 million SAR, an increase of 18% compared to the same period last year. The profits also exceeded expectations, which had anticipated 172 million SAR. Revenues rose by 30% to 512 million SAR, surpassing forecasted revenues of 469 million SAR, driven by a rise in ground handling and logistics sector revenues by 29.3% and 34.2%, respectively. The performance is expected to return to normal levels in the third quarter following the signing of new agreements with airlines such as Valley Kifa, Centromeir, and Singapore Airlines. The recommendation remains "Neutral," with a target price of 186 SAR per share. The stock is trading at a P/E ratio of 18.0 times with a dividend yield of 4.2%.
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