Research
Jefferies Reduces Saudi Awwal Bank PT, Affirms Buy Rating
Jefferies on Tuesday reduced the price target for financial institution Saudi Awwal Bank (SASE:1060) to 41 Saudi riyals from 44.50 riyals, while maintaining a buy rating.
SASE:1060
SASE:1060
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Asia Markets
Tadawul Shares End Tuesday Lower Amid Houthis-declared Naval Blockade on Saudi Arabia
The Tadawul All Share Index closed 0.40% in the red on Tuesday as Iran-aligned Houthis declared a naval blockade on Saudi maritime traffic in the Red Sea, threatening global energy supplies and trade in the Middle East.Crude oil soared to $90.778 per barrel as traders balanced escalating conflict and volatility in the Middle East amid news of a potential 10-day ceasefire proposed by mediators to resume negotiations between Iran and the US."With the Gulf's primary maritime outlet largely closed, the market is increasingly dependent on Saudi Arabia's East-West pipeline and Red Sea terminals to maintain export flows. Any disruption at Bab el-Mandeb would therefore threaten not only Saudi shipments but one of the few remaining routes capable of compensating for the severe reduction in Hormuz traffic," Rystad Energy senior vice president and head of geopolitical analysis Jorge Leon commented. "If a ceasefire does not materialize and Hormuz remains largely closed while the Houthi threat to Red Sea shipping intensifies, the risk of a significant rebound in oil prices would be substantial."At home, AlJazira Capital expects Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, to report "steady" second-quarter results with net income expected to jump 39.7% year over year, while revenue is anticipated to rise 12.6%. The Saudi state-owned oil giant's shares declined 0.37% at close.On the earnings front, Alinma Bank (SASE:1150), Al Rajhi Bank (SASE:1120), and the Saudi National Bank (SASE:1180) reported higher year-over-year attributable profit and total operations profit for the first half of 2026. Alinma Bank and Al Rajhi Bank's shares closed 4.43% and 1.84% in the red, respectively, while the Saudi National Bank ended trading 0.62% in the green.Saudi Awwal Bank (SASE:1060), on the other hand, logged a higher net profit for the six months ended June 30, while total operations profit fell year over year. The Saudi Arabia-listed lender's shares fell 0.80% at closing.
^TASISASE:1060SASE:1120SASE:1150SASE:1180SASE:2222
Research
Sadif Downgrades Saudi Awwal Bank to Hold, Trims PT
Sadif Investment Analytics on Thursday downgraded lender Saudi Awwal Bank (SASE:1060) to hold from buy and decreased its price target to 35.66 Saudi riyals from 36.85 riyals.
SASE:1060
Research
Citi Trims Saudi Awwal Bank's PT, Maintains Buy Rating
Citi on Friday lowered the price target for Saudi Arabian lender Saudi Awwal Bank (SASE:1060) to 39.20 Saudi riyals from 40 riyals, while reiterating its buy rating.
SASE:1060
Research
Roemer Capital Reduces Saudi Awwal Bank PT, Maintains Buy Rating
Roemer Capital on Wednesday reduced the price target for Saudi Arabian lender Saudi Awwal Bank (SASE:1060) to 42.20 Saudi riyals from 45 riyals, while reiterating its buy rating.
SASE:1060
Research
Citi Lowers Saudi Awwal Bank's PT, Affirms Buy Rating
Citi on Friday decreased the price target for Saudi Arabia-based bank Saudi Awwal Bank (SASE:1060) to 40.00 Saudi riyals from 43.00 riyals and kept its rating at buy.
SASE:1060
Research
UBS Trims Saudi Awwal Bank's PT, Affirms Buy Rating
UBS on Tuesday reduced the price target for Tadawul-listed bank Saudi Awwal Bank (SASE:1060) to 44.00 Saudi riyals from 46.00 riyals and kept its rating at buy.
SASE:1060
Research
Ubhar Capital Oman Lowers Saudi Awwal Bank's PT, Affirms Buy Rating
Ubhar Capital Oman on Tuesday reduced the price target for lender Saudi Awwal Bank (SASE:1060) to 40.00 Saudi riyals from 43.20 riyals and kept its buy rating.
SASE:1060
Research
Sadif Upgrades Saudi Awwal Bank to Buy, Raises PT
Sadif Investment Analytics on Monday upgraded lender Saudi Awwal Bank (SASE:1060) to buy from hold and increased its price target to 36.85 Saudi riyals from 33.01 riyals.
SASE:1060
Research
Jefferies Reduces Saudi Awwal Bank PT, Affirms Buy Rating
Jefferies on Monday reduced its price target for Saudi Awwal Bank (SASE:1060) to 44 Saudi riyals from 49 riyals, while maintaining its buy rating.
SASE:1060
