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SASE:2020

23 stories mentioning SASE:2020Updated 3d ago

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Asia Markets

Tadawul Shares Close Week Lower as Saudi Arabia's Industrial Production Declines

The Tadawul All Share Index ended the week 0.08% lower on Thursday as the downbeat preliminary data in Saudi Arabia's latest economic release dampened investor sentiment.According to preliminary data, the General Authority for Statistics reported an 8.1% year-over-year decline in Saudi Arabia's industrial production in July. Month-over-month, industrial production rose 10.4%."The index of oil activities in July 2026 decreased by 11.4% compared with the same month of the previous year, while the index of non-oil activities decreased by 0.3%. The results also indicate that the index of oil activities increased by 16.3%, and the index of non-oil activities decreased by 0.2% compared with June 2026," the report said.Also making headlines, Pakistan reportedly sent a warning to Iran regarding the Houthi group's attacks on Saudi Arabia, Reuters reported. The sources said that the warning aims to prevent a wider Middle Eastern conflict.In local corporate news, Filling and Packing Materials Manufacturing Co. (SASE:2180), d/b/a Fipco, shares closed 2.34% in the red as it extended its share purchase deal for its Bina Industrial Investment acquisition by 270 days.Meanwhile, the board of Sabic Agri-Nutrients Co. (SASE:2020) cleared its final investment decision for an integrated industrial complex project to boost its urea production capacity. Shares of the petrochemical company closed 0.87% higher.

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Equities

Bernstein Begins Sabic Agri-Nutrients Coverage at Underperform

Bernstein on Monday started its coverage of petrochemical company Sabic Agri-Nutrients (SASE:2020) with an underperform rating and a price target of 86.54 Saudi riyals.

SASE:2020
Equities

Al Rajhi Capital Reduces Sabic Agri-Nutrients' PT, Maintains at Neutral

Al Rajhi Capital on Thursday decreased the price target for petrochemical company Sabic Agri-Nutrients (SASE:2020) to 130.00 Saudi riyals from 147.00 riyals and confirmed its neutral rating.

SASE:2020
Equities

Ma'aden Unit, Sabic Agri-Nutrients Partner to Explore Fertilizer Value Chain Opportunities

Saudi Arabian Mining Co. (SASE:1211), d/b/a Ma'aden, unit Maaden Integrated Fertilizer and Sabic Agri-Nutrients (SASE:2020) will collaborate on exploring opportunities across fertilizers and the integrated agri-nutrients value chain.Under the three-year memorandum of understanding, the companies will establish a framework to develop and invest in the segments, including the production and manufacturing of value-added products, according to a Tuesday release.A firm deal would require technical and commercial evaluations, regulatory approvals and a final investment decision.

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Equities

Goldman Sachs Trims Sabic Agri-Nutrients PT, Keeps Buy Rating

Goldman Sachs on Wednesday reduced the price target for petrochemical company Sabic Agri-Nutrients (SASE:2020) to 154 Saudi riyals from 164 riyals, while maintaining its buy rating.

SASE:2020
Equities

Riyad Capital Cuts Sabic Agri-Nutrients PT, Keeps at Neutral

Riyad Capital on Thursday decreased the price target for petrochemical company Sabic Agri-Nutrients (SASE:2020) to 120 Saudi riyals from 150 riyals, while maintaining its neutral rating.

SASE:2020
Equities

FAB Securities Upgrades Sabic Agri-Nutrients to Accumulate

FAB Securities on Wednesday raised petrochemical company Sabic Agri-Nutrients (SASE:2020) to accumulate from hold, while maintaining its price target at 138 Saudi riyals.

SASE:2020
Equities

FAB Revises Sabic Agri-Nutrients Rating After Q2 Results

FAB Securities updated its rating on Sabic Agri-Nutrients (SASE:2020) after the company published its second-quarter results."We revise our rating on SABIC AGRI NUTRIENTS from HOLD to ACCUMULATE with an unchanged target price of SAR 138.00. Net profit declined significantly by 64.2% YOY in 2Q26 as regional supply chain disruptions weighed on sales volumes despite higher average selling prices. The decline in earnings was further impacted by lower contributions from associates and a joint venture, resulting in a sharp contraction in margins during the quarter," analysts said in a first look note published Wednesday.For the three-month period, the petrochemical company posted a net profit of 379 million Saudi riyals, down from 1.06 billion riyals a year ago and below FAB's estimate of 1.01 billion riyals. Revenue also fell 26.7% annually to 2.41 billion riyals, against the research firm's forecast of 2.73 billion riyals."SABIC AGRI-NUTRIENTS is well positioned to benefit from its strong balance sheet, healthy cash generation and disciplined capital allocation. In addition, the planned capacity expansion through the seventh production complex and continued investment in strategic partnerships are expected to support long-term volume growth. Therefore, we maintain a positive long-term outlook on the Company despite the near-term operating headwinds," analysts added.

SASE:2020
Equities

Sabic Agri-Nutrients Logs Decline in H1 Profit, Revenue

Sabic Agri-Nutrients (SASE:2020) said Sunday that net profit and revenue for the first half decreased year over year.Net profit attributable to shareholders of the issuer for the six months ended June 30 was 1.61 billion Saudi riyals, compared with 2.04 billion riyals earlier. EPS moved to 3.37 riyals from 4.29 riyals.The Tadawul-listed petrochemical company's revenue was 5.29 billion riyals, compared with 6.36 billion riyals a year ago.Meanwhile, the board will distribute an unchanged dividend of 3.5 riyals per share for the first half, payable Aug. 10 to shareholders on record as of Thursday.

SASE:2020
Equities

Sadif Cuts Sabic Agri-Nutrients PT, Keeps at Strong Buy

Sadif Investment Analytics on Thursday decreased the price target for petrochemical company Sabic Agri-Nutrients (SASE:2020) to 142.38 Saudi riyals from 173.48 riyals, while maintaining its strong buy rating.

SASE:2020
Research

Securities & Investment Co. Upgrades Sabic Agri-Nutrients to Buy, Boosts PT

Securities & Investment Co. on Thursday raised petrochemical company Sabic Agri-Nutrients (SASE:2020) to buy from neutral and increased its price target to 147 Saudi riyals from 121 riyals.

SASE:2020
Research

JP Morgan Reduces Sabic Agri-Nutrients PT, Keeps at Neutral

JP Morgan on Tuesday lowered its price target for petrochemical company Sabic Agri-Nutrients (SASE:2020) to 141 Saudi riyals from 162 riyals, while maintaining a neutral rating.

SASE:2020
Equities

BofA Adjusts Price Objective, Estimates for Sabic Agri-Nutrients Amid Expected Q2 Export Slump; Buy Rating Kept

BofA Global Research revised its price objective and earnings forecasts for Sabic Agri-Nutrients (SASE:2020), noting expectations of a slower increase in exports in the second quarter."SABIC Agri-Nutrients on its analyst call stated that after launching its first bulk urea shipment from Yanbu port on the West Coast (mid-May), it has been able to export 40% of urea production from the West Coast and aims to reach 70% (no timeline disclosed). On the back of a slower-than-expected increase in export volumes in 2Q (we forecast 18% lower volumes than our previous forecast), we lower our FY26E sales volumes as a percentage of capacity to 70% from 75%. We hence lower our FY26E EPS by 6% [to SAR 10.51] and our [price objective] to SAR 173 from SAR 175," according to a Tuesday note.As such, the research firm now expects second-quarter sales volumes of 0.96 million tonnes and net income of 938 million Saudi riyals. Conversely, analysts lifted their EPS estimates for full-year 2027 and 2028 to 9.96 riyals and 9.45 riyals, respectively, from 9.91 riyals and 9.40 riyals.BofA also reiterated its buy rating, highlighting management commentary that its urea plants are "operating at full capacity." The comments suggest the company can sell volumes "quickly" when the Strait of Hormuz opens, the research firm added.

SASE:2020
Equities

Morgan Stanley Raises Sabic Agri-Nutrients PT, Affirms at Equalweight

Morgan Stanley on Tuesday raised the price target for petrochemical company Sabic Agri-Nutrients (SASE:2020) to 154.50 Saudi riyals from 135.50 riyals and kept its rating at equal weight.

SASE:2020
Equities

Sabic Agri-Nutrients, SALIC Extend Food Security MoU

Sabic Agri-Nutrients (SASE:2020) extended its memorandum of understanding with the Public Investment Fund's Saudi Agricultural and Livestock Investment Co., or SALIC, to explore global commercial and innovation opportunities in the field of food security and address environmental challenges.The agreement will take effect for three more years from the expiration of the MoU on March 1, with the same terms and conditions, according to a Monday release by the petrochemical company.

SASE:2020
Research

UBS Lifts Sabic Agri-Nutrients PT, Keeps at Neutral

UBS on Friday raised the price target for petrochemical company Sabic Agri-Nutrients (SASE:2020) to 60.90 Saudi riyals from 60.50 riyals and retained its neutral rating.

SASE:2020
Research

HSBC Boosts Sabic Agri-Nutrients PT, Affirms Buy Rating

HSBC on Tuesday raised the price target for petrochemical company Sabic Agri-Nutrients (SASE:2020) to 165 Saudi riyals from 148 riyals and kept its buy rating.

SASE:2020
Research

SNB Capital Raises Sabic Agri-Nutrients PT, Keeps Neutral Rating

SNB Capital on Sunday increased the price target for petrochemical company Sabic Agri-Nutrients (SASE:2020) to 138.10 Saudi riyals from 122.20 riyals and affirmed its neutral rating.

SASE:2020
Research

Riyad Capital Downgrades Sabic Agri-Nutrients to Neutral

Riyad Capital on Sunday downgraded petrochemical company Sabic Agri-Nutrients (SASE:2020) to neutral from buy, while maintaining the price target at 150 Saudi riyals.

SASE:2020
Asia Markets

Tadawul Stocks End Week Lower; Saudi's Exports, Imports Rise in February

The Tadawul All Share Index extended its losing streak to a fifth day as it closed Thursday 1.20% lower as tensions in the Strait of Hormuz dampened investor sentiment.The US reportedly blocked at least three Iranian-flagged ships in Asia as part of its blockade plan in the strait, Reuters reported, citing sources. A US source said that the move aims to help ships avoid the mines in the area.Back at home, Saudi Arabia's merchandise trade surplus increased to 22.95 billion Saudi riyals in February, compared with the prior month's revised 14.0 billion riyals.Meanwhile, merchandise exports climbed 4.7% year over year in the reporting month, while imports rose 6.6% year over year. The report also affirmed that China was the kingdom's main merchandise trading partner."Non-oil exports, including re-exports, recorded an increase of 15.1% compared to February 2025, while national non-oil exports, excluding re-exports, increased by 6.3%. Moreover, the value of re-exported goods increased by 28.5% during the same period, driven by a 59.9% increase in 'Machinery, electrical equipment and parts', which represented 53.9% of total re-export," the report said.On the corporate front, Jamjoom Pharmaceuticals Factory Co. (SASE:4015), Etihad Etisalat (SASE:7020), d/b/a Mobily, and Sabic Agri-Nutrients (SASE:2020) posted their financial statements for the first quarter of 2026. All three stocks reported higher net profit and revenue.Jamjoom Pharmaceuticals and Sabic Agri-Nutrients closed 0.26% and 5.05% lower, while Mobily closed flat.

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