4 stories mentioning SASE:4280Updated 43m ago
Every FINWIRES story that references SASE:4280, newest first.
AlphaMena on Thursday upgraded Saudi Arabian conglomerate Kingdom Holding Co. (SASE:4280) to add from reduce and increased its price target to 15.20 Saudi riyals from 12.60 riyals.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
AlphaMena on Friday downgraded Saudi Arabian conglomerate Kingdom Holding (SASE:4280) to reduce from add and decreased its price target to 12.20 Saudi riyals from 12.30 riyals.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
The Tadawul All Share Index closed 0.38% in the green at Thursday's close as market watchers assessed Saudi Arabia's latest set of economic releases.Kingdom Holding Co. (SASE:4280) gained the most at 8.33% during the session, which is the week's last trading day, as the Saudi bourse closes until May 31 for the Eid Al Adha Holiday.Saudi Arabia's March trade surplus increased to 57.44 billion Saudi riyals from the prior month's 19.09 billion riyals, as merchandise exports surged 21.5% year over year. Imports, however, dropped 24.8% for the reporting month."'Machinery, electrical equipment and parts' were among the most important non-oil export commodities, accounting for 27.4% of the total non-oil exports and increased by 46.2% compared with March 2025," the statistics agency said in its report. "On the import side, the most important imported commodities were 'machinery, electrical equipment and parts', which accounted for 30.4% of total imports and decreased by 11.9% compared with March 2025, followed by 'chemical products and allied industries,' which accounted for 9.9% of total imports and decreased by 18.5% compared with March 2025."Additionally, the kingdom's construction cost index rose 2.4% annually in April from the prior month's 2% increase. The growth was attributed to a climb in residential and non-residential construction costs, the General Authority for Statistics said.On the corporate front, Alinma Bank (SASE:1150) ticked up 0.59% as the lender finalized its 3 billion-Saudi-riyal additional tier 1 sukuk and $500 million sustainable additional tier 1 capital certificate offerings.Meanwhile, Al-Modawat Specialized Medical (SASE:9594) posted mixed financial results for the first quarter of 2026. Net profit for the three months ended March 31 declined 48.024% year over year, while revenue was up 21.712% year over year. Shares of the hospital services company closed 1.66% higher. *
AlphaMena on Tuesday raised the price target for Saudi conglomerate Kingdom Holding (SASE:4280) to 12.40 Saudi riyals from 12.30 riyals and affirmed its add rating.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
