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SASE:7202

7 stories mentioning SASE:7202

Every FINWIRES story that references SASE:7202, newest first.

Research

HSBC Lowers Solutions' PT, Affirms Buy Rating

HSBC on Thursday lowered its price target for information technology and communication services company Arabian Internet and Communication Services (SASE:7202), d/b/a Solutions, to 266 Saudi riyals from 285 riyals, while maintaining its buy 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)

SASE:7202
Research

UBS Raises Solutions' PT, Affirms Neutral Rating

UBS on Friday raised the price target for information and communication technology services company Arabian Internet and Communications Services Co. (SASE:7202), d/b/a Solutions, to 227 Saudi riyals from 206 riyals and kept its rating at neutral.(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)

SASE:7202
Equities

Solutions by stc to Deploy Supercomputer at Saudi Aramco's Upstream Operations

Arabian Internet and Communications Services (SASE:7202), d/b/a solutions by stc will deploy a supercomputer at the upstream operations of Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco.The supercomputer will enhance the oil giant's upstream computing capabilities in hydrocarbon discovery and recovery by enabling advanced seismic data processing and large-scale reservoir modeling and simulation, according to a Wednesday release.The Saudi Arabia-based information and communication technology services company is expected to deliver the $372.5 million project by early 2027.

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Research

Goldman Sachs Raises Solutions' PT, Affirms Buy Rating

Goldman Sachs on Friday raised the price target for information and communication technology services company Arabian Internet and Communications Services Co. (SASE:7202), d/b/a Solutions, to 257.00 Saudi riyals from 235.00 riyals and kept its rating at buy.(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)

SASE:7202
Research

SNB Capital Cuts Solutions' PT, Keeps at Overweight

SNB Capital on Monday lowered the price target for information and communication technology services company Arabian Internet and Communications Services Co. (SASE:7202), d/b/a Solutions, to 209.20 Saudi riyals from 286.60 riyals and affirmed its overweight 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)

SASE:7202
Research

Citi Raises Solutions' PT, Keeps Neutral Rating

Citi on Tuesday increased the price target for information technology and communication services company Arabian Internet and Communication Services (SASE:7202), d/b/a Solutions, to 220 Saudi riyals from 200 riyals, while maintaining a neutral 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)

SASE:7202
Asia Markets

Saudi Shares End Tuesday in Red Amid Jitters on US-Iran Meeting Uncertainty

The Tadawul All Share Index closed Tuesday 0.19% in the red as market jitters regarding the uncertainty of the US-Iran peace talks happening sent investors into risk-off mode.As the end of the two-week ceasefire looms, Iran and the US are set to meet in Islamabad, Pakistan, on Wednesday, Reuters reported, citing a Pakistani source. The US will send Vice President JD Vance for the discussions, with the Iranian delegation sending uncertain signals about its participation."Various reporting suggests that Vice President Vance is expected depart to Islamabad today, and we also saw reporting by the New York Times and others that Iran is also sending a team to Islamabad for negotiations. With a spokesman for Iran's foreign ministry earlier saying that Tehran had no plans to attend the negotiations, this has given a more positive light on the talks going ahead, though it remains unclear who would lead the Iranian delegation," Deutsche Bank Research said in a note.Back at home, Saudi National Bank (SASE:1180), Riyad Bank (SASE:1010), Al Rajhi Bank (SASE:1120), and Arab National Bank (SASE:1080) posted their financial statements for the first quarter of 2026. All four stocks logged higher net profit and total operations profit for the three months ended March 31."SNB reported SAR6,423mn net income for 1Q26, 1.7% above consensus (Visible Alpha), 2.2% above BofAe, +0.6% QoQ. The bottom line was helped by net release of provisions (-32bpt CoR), which has offset lower than we had expected revenue and higher costs. In the balance sheet, loan growth came in moderate, while deposits accelerated, bringing Loan / Deposit Ratio down," BofA Global Research said.Saudi National Bank and Riyad Bank declined 2.40% and 0.23%, respectively, while Al Rajhi Bank closed 0.42% higher and Arab National Bank ended the session 1.58% in green.Meanwhile, Arabian Internet and Communications Services Co. (SASE:7202), d/b/a Solutions', shares rose 0.68% as it secured a project to design, upgrade, and provide equipment for Saudi Telecom (SASE:7010), d/b/a stc, data centers. Stc shares closed 0.05% higher.

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