The Saudi Central Bank (SAMA) published its monthly bulletin for May 2022. The benchmark 3M SAIBOR stood at 3.04% as of 28 June 2022 vs 1.0% on 31 January 2022. We believe that tight liquidity may potentially impact the sector’s margins in Q2 22, par...

We initiate coverage on Saudi Aramco with a Neutral rating and a PT of SAR38.5. The stock is trading at 2022f P/E of 14.2x vs the peers group average of 8.3x, which we believe is justified due to the sustainability of cash flows through different oil...

One of the major drivers of fintechs' success over the past decade has been their ability to provide their clients with innovative and quality products, but customers still feel that there is room for improvement in some areas. Our survey of 900 cons...

Today, we met the management of Najran Cement. In 2021, the company opted to sell at price realization of SAR150/ton, which was lower than its historical average to maintain its market share. Cost per ton: the company recorded the lowest cost per ton...

"If the return is juicy enough, is there any country you wouldn't invest in?" In an era when institutionally managed investment funds are marketed under the ESG banner and when the trade and investment policy of the US and the EU is increasingly weap...

STC BoD recommended to increase its capital 150% to SAR50bn, through the issuance of bonus shares via capitalizing SAR30bn from retained earnings. The higher equity capital should help the company in strengthening its balance sheet and provide an opp...