13 Hrs
Source:
مباشر
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SAL given SAR 175 target
Riyad Capital maintained its Buy recommendation on SAL shares, setting a 12-month target price of SAR 175, compared with a closing price of SAR 153.70, implying an expected total return of 18.7%. The valuation followed a 28% increase in the company’s third-quarter 2026 net profit to SAR 232 million and a 38% rise in revenue to SAR 579 million. The company attributed its strong performance to growth in activity, an improved revenue mix and greater operational efficiency, despite higher expenses and pressure on its operating profit margin.
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