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Al Rajhi

Saudi non-oil GDP growth strong, up 4.9pc in Q2

The non-oil GDP growth in Saudi Arabia remains strong in the second quarter, recording a 4.9% increase year-on-year, according to Al Rajhi Capital Research, a leading financial services company in Saudi Arabia.  

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Saudi non-oil GDP growth strong, up 4.9pc in Q2

The non-oil GDP growth in Saudi Arabia remains strong in the second quarter, recording a 4.9% increase year-on-year, according to Al Rajhi Capital Research, a leading financial services company in Saudi Arabia.  

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Luberef results ahead of expectations: Al Rajhi

Saudi Aramco Base Oil Company-Luberef, whose net income declined by 34% y-o-y as crack margins remained under pressure and which more than offset the increase in revenue of 4% y-o-y, was still ahead of expectations, Al Rajhi Capital Research s

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Luberef results ahead of expectations: Al Rajhi

Saudi Aramco Base Oil Company-Luberef, whose net income declined by 34% y-o-y as crack margins remained under pressure and which more than offset the increase in revenue of 4% y-o-y, was still ahead of expectations, Al Rajhi Capital Research s

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Riyadh Cables posts 7% jump in revenue

Riyadh Cables, which posted another stellar quarterly performance with revenue up 7% and gross profit up 14%, has been upgraded by Al Rajhi Capital Research from neutral to overweight with take-profit (TP) price of SR115 ($30.7) per share.&nbs

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Riyadh Cables posts 7% jump in revenue

Riyadh Cables, which posted another stellar quarterly performance with revenue up 7% and gross profit up 14%, has been upgraded by Al Rajhi Capital Research from neutral to overweight with take-profit (TP) price of SR115 ($30.7) per share.&nbs

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Saudi inflation falls to 1.6pc in March

Inflation in Saudi Arabia decreased to 1.6% in March 2024 compared to the previous month, reports the kingdom’s General Authority for Statistics (GASTAT).    The decline was mainly driven by Food &

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Saudi inflation falls to 1.6pc in March

Inflation in Saudi Arabia decreased to 1.6% in March 2024 compared to the previous month, reports the kingdom’s General Authority for Statistics (GASTAT).    The decline was mainly driven by Food &

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Opportunities abound for small, mid-cap scrips on Tadawul

Small and mid-cap shares would see pocket of opportunities in the Saudi bourse and the Tadawul All Share Index (TASI) could gain 6% from the current base and attain a level of 12,647, says Al Rajhi Capital Research.   

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‘Pocket of opportunities’ for small, mid-caps on Tadawul

Small and mid-cap shares would see pocket of opportunities in the Saudi bourse and the Tadawul All Share Index (TASI) could gain 6% from the current base and attain a level of 12,647, says Al Rajhi Capital Research.   

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