3 Hrs
Source:
مباشر
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Qassim Cement Neutral
Riyad Capital maintained its “Neutral” recommendation on Qassim Cement, with a 12-month target price of SAR 42—2.8% below the closing price of SAR 43.22. The decision followed the company’s report of a net profit of SAR 37 million in the third quarter of 2026, beating expectations. However, the company attributed the outperformance to lower operating expenses and investment returns, rather than an improvement in its core business. A price war weighed on performance: the average selling price per tonne fell to SAR 130, and revenue declined 27% to SAR 181 million, while profit for the first nine months fell 17% to SAR 158 million.
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