Latest news with #GulfMarket
Khaleej Times
13-07-2025
- Business
- Khaleej Times
Saudi Arabia: UAE, GCC residents can now invest in main stock market
Saudi Arabia's Capital Market Authority (CMA) announced that residents of the UAE and other Gulf Cooperation Council (GCC) countries are now permitted to invest directly in the kingdom's main stock market. The regulatory update aims to enhance the appeal of Saudi Arabia's capital market to both regional and international investors. According to the CMA, this move is expected to boost investor protection, build market confidence, attract foreign investment, and increase market liquidity —ultimately contributing to the growth of the local economy. Under the revised regulations, GCC residents can now directly trade in the main market, Tadawul. Previously, their access was limited to the debt market, the parallel market (Nomu), investment funds, and the derivatives market. Their participation in the main market was restricted to swap agreements via capital market institutions, where investment decisions were made on their behalf. The amendments also allow individual foreign investors who previously resided in Saudi Arabia or other GCC countries to maintain their investment accounts and continue trading in listed shares on the main market—even after leaving the region—provided they had opened an investment account while residing in the Kingdom. Saudi Arabia hosts the largest stock market in the Gulf region. In the first half of 2025, it recorded a trading value of $183.5 billion. In comparison, Abu Dhabi posted $48.9 billion, Kuwait $41.1 billion, Dubai $22.8 billion, Qatar $14.6 billion, Muscat $2.4 billion, and Bahrain $1.24 billion.
Yahoo
27-06-2025
- Business
- Yahoo
Three Undiscovered Gems in Middle East Stocks with Strong Potential
As Gulf shares rise amid a stable geopolitical environment and Dubai's index reaches a 17-year high, the Middle East market is experiencing renewed investor interest driven by steady oil prices and favorable economic conditions. In this climate, identifying stocks with solid fundamentals and growth potential becomes crucial for investors looking to capitalize on the region's upward momentum. Name Debt To Equity Revenue Growth Earnings Growth Health Rating Alf Meem Yaa for Medical Supplies and Equipment NA 17.03% 18.37% ★★★★★★ Baazeem Trading 8.48% -2.02% -2.70% ★★★★★★ Sure Global Tech NA 11.95% 18.65% ★★★★★★ MOBI Industry 6.50% 5.60% 24.00% ★★★★★★ Saudi Azm for Communication and Information Technology 2.07% 16.18% 21.11% ★★★★★★ Nofoth Food Products NA 15.75% 27.63% ★★★★★★ National General Insurance (P.J.S.C.) NA 14.55% 29.05% ★★★★★☆ National Corporation for Tourism and Hotels 19.25% 0.67% 4.89% ★★★★☆☆ Waja 23.81% 98.44% 14.54% ★★★★☆☆ Saudi Chemical Holding 79.49% 16.57% 44.01% ★★★★☆☆ Click here to see the full list of 218 stocks from our Middle Eastern Undiscovered Gems With Strong Fundamentals screener. Let's review some notable picks from our screened stocks. Simply Wall St Value Rating: ★★★★★★ Overview: MAIR Group - P.J.S.C operates in the retail sector, managing hypermarkets, supermarkets, shopping malls, and real estate ventures with a market capitalization of AED3.12 billion. Operations: The company generates revenue primarily from its retail operations, contributing AED1.74 billion, and real estate activities, adding AED207.26 million. The net profit margin is 8%, reflecting the profitability of its diverse business segments within the retail and real estate sectors. Trading at a significant discount to its estimated fair value, MAIR Group stands out with an impressive earnings growth of 128% over the past year, far surpassing the Consumer Retailing industry's 2%. The company has no debt, alleviating concerns about interest payments. However, a notable AED30 million one-off gain has impacted its recent financial results. Recently added to major indices like S&P Pan Arab Composite and S&P Global BMI Index, it underscores potential recognition in broader markets. Despite these positives, investors should consider the impact of non-recurring items on its earnings quality. Navigate through the intricacies of MAIR Group - P.J.S.C with our comprehensive health report here. Review our historical performance report to gain insights into MAIR Group - P.J.S.C's's past performance. Simply Wall St Value Rating: ★★★★☆☆ Overview: Katilimevim Tasarruf Finansman Anonim Sirketi operates in Turkey, offering savings finance solutions for purchasing houses and cars, with a market capitalization of TRY15.48 billion. Operations: Katilimevim generates revenue primarily from its financial services for consumers, amounting to TRY7.02 billion. The company's net profit margin is a key indicator of its profitability. Katilimevim Tasarruf Finansman Anonim Sirketi showcases a promising profile with earnings surging 80.2% over the past year, outpacing the Consumer Finance industry growth of 8.3%. Despite profit margins dipping to 36.5% from last year's 77.4%, its price-to-earnings ratio stands attractively at 6x, below the TR market average of 17.6x, suggesting good value potential. Recent announcements highlighted net income for Q1 2025 at TRY1,108 million compared to TRY706 million a year earlier, with basic earnings per share rising to TRY6.16 from TRY3.92, reinforcing its robust financial performance amidst industry challenges. Unlock comprehensive insights into our analysis of Katilimevim Tasarruf Finansman Anonim Sirketi stock in this health report. Gain insights into Katilimevim Tasarruf Finansman Anonim Sirketi's past trends and performance with our Past report. Simply Wall St Value Rating: ★★★★★★ Overview: City Cement Company, along with its subsidiaries, operates in the Kingdom of Saudi Arabia where it focuses on the manufacturing and sale of cement, with a market capitalization of SAR2.39 billion. Operations: City Cement's revenue primarily comes from the manufacturing and sale of cement products in Saudi Arabia. The company's net profit margin has shown variability, reflecting changes in production costs and market conditions. City Cement, a nimble player in the Middle Eastern market, has showcased impressive financial health with no debt over the past five years and a robust earnings growth of 75.8% last year, outpacing its industry peers. The company trades at 22.5% below its estimated fair value, suggesting potential upside for investors. Recent earnings results highlight sales of SAR 149 million and net income of SAR 51 million for Q1 2025, reflecting solid operational performance despite a decision to halt dividends for H2 2024. This strategic move could signal reinvestment priorities or caution amid market conditions. Click here to discover the nuances of City Cement with our detailed analytical health report. Understand City Cement's track record by examining our Past report. Take a closer look at our Middle Eastern Undiscovered Gems With Strong Fundamentals list of 218 companies by clicking here. Are you invested in these stocks already? Keep abreast of every twist and turn by setting up a portfolio with Simply Wall St, where we make it simple for investors like you to stay informed and proactive. Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ADX:MAIR IBSE:KTLEV and SASE:3003. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
26-05-2025
- Business
- Zawya
Mideast Stocks: Gulf markets in red as new tariff war looms
Saudi stocks performed the worst in a declining Gulf market on Sunday following the latest tariff threat by the U.S. President on European Union goods, while Israel's latest assault on Gaza kept the region on edge. Trump's statement on Truth Social on Friday that he is recommending a 50% tariff from June 1 on all EU goods sent global markets roiling. Saudi Arabia's benchmark index dropped for a third straight session, falling 1.7%% to 10,999, its lowest level since November 2023 with all sectors in the red. Al Rajhi Bank, the world's largest Islamic lender, lost 2% and ACWA Power declined 7.8%. Among other losers, Saudi National Bank, the kingdom's largest lender, dropped 2.8% and Saudi state oil company, Aramco, shed 0.6%. Aramco is exploring potential asset sales to free up funds, two people with knowledge of the matter said on Saturday. The Qatari benchmark index snapped its six-session winning streak and fell 0.4% with almost all of its constituents posting losses. Qatar National Bank, the largest bank in the region, slipped 0.9% and Qatar Gas Transport declined 1.5%. However, Commercial Bank advanced 3% after the lender on Thursday approved a buyback of up to 10% of bank's fully paid-up issued shares. Meanwhile, the region remained on edge as Israeli military strikes killed at least 23 Palestinians across the Gaza Strip on Sunday. Outside the Gulf, Egypt's blue-chip index was up for a fourth consecutive session, rising 0.2% with E-Finance for Digital gaining 3.2% and Palm Hills Development advancing 3.4%. The developer, PHD, signed an agreement to develop 1.87 million SQM plot of land in Abu Dhabi. SAUDI ARABIA dropped 1.7% to 10,999 KUWAIT fell 0.2% to 8,698 QATAR slipped 0.4% to 10,736 EGYPT rose 0.2% to 32,024 BAHRAIN fell 0.04% to 1,921 OMAN rose 0.4% to 4,515 (Reporting by Md Manzer Hussain; editing by Clelia Oziel)
Reuters
25-05-2025
- Business
- Reuters
Gulf markets in red as new tariff war looms
May 25 (Reuters) - Saudi stocks performed the worst in a declining Gulf market on Sunday following the latest tariff threat by the U.S. President on European Union goods, while Israel's latest assault on Gaza kept the region on edge. Trump's statement on Truth Social on Friday that he is recommending a 50% tariff from June 1 on all EU goods sent global markets roiling. Saudi Arabia's benchmark index (.TASI), opens new tab dropped for a third straight session, falling 1.7%% to 10,999, its lowest level since November 2023 with all sectors in the red. Al Rajhi Bank( opens new tab, the world's largest Islamic lender, lost 2% and ACWA Power ( opens new tab declined 7.8%. Among other losers, Saudi National Bank( opens new tab, the kingdom's largest lender, dropped 2.8% and Saudi state oil company, Aramco ( opens new tab, shed 0.6%. Aramco is exploring potential asset sales to free up funds, two people with knowledge of the matter said on Saturday. The Qatari benchmark index (.QSI), opens new tab snapped its six-session winning streak and fell 0.4% with almost all of its constituents posting losses. Qatar National Bank( opens new tab, the largest bank in the region, slipped 0.9% and Qatar Gas Transport ( opens new tab declined 1.5%. However, Commercial Bank ( opens new tab advanced 3% after the lender on Thursday approved a buyback of up to 10% of bank's fully paid-up issued shares. Meanwhile, the region remained on edge as Israeli military strikes killed at least 23 Palestinians across the Gaza Strip on Sunday. Outside the Gulf, Egypt's blue-chip index (.EGX30), opens new tab was up for a fourth consecutive session, rising 0.2% with E-Finance for Digital( opens new tab gaining 3.2% and Palm Hills Development ( opens new tab advancing 3.4%. The developer, PHD, signed an agreement to develop 1.87 million SQM plot of land in Abu Dhabi.
Bloomberg
21-05-2025
- Business
- Bloomberg
Saudi Airline Flynas Sets IPO Price at Top End of Range
Saudi Arabia's Flynas Co. set the price for its initial public offering at the top end of the range, showing continued demand for Gulf listings as global market turmoil eases. The low-cost airline is set to raise 4.1 billion riyals ($1.1 billion) with the first-time share sale, according to a statement.
