17 Hrs
Source:
مباشر
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Source: مباشر
17 Hrsمباشر
Source: مباشر
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AlJazira Capital recommended increasing positions in Saudi Aramco, while maintaining its target price at SAR 29.6. It noted that the stock trades at a price-to-earnings ratio of 12.9x and offers an expected dividend yield of 5.2% for 2026. The firm expects Aramco’s revenue to rise 24.3% in 2026 to SAR 2,078 billion, and net profit to increase 40.2% to SAR 488 billion, assuming an average oil price of $91 per barrel. In the third quarter of 2026, net profit rose 13.1% year on year to SAR 137.4 billion, supported by an exceptional gain of SAR 25.9 billion from the sale of a stake in “Brevchem.” Adjusted net profit, meanwhile, fell 4.6% quarter on quarter to SAR 118.4 billion.
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