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Riyad Capital

Tokio Marine affiliate soars in Saudi bourse debut

Saudi Olayan Group issues $173 million sukuk

Olayan Group, one of the largest conglomerates in Saudi Arabia, has concluded its maiden issue of an Islamic bond, or sukuk, two sources with knowledge of the matter said on Tuesday.

June 27, 2012 9:58
 
Riyad Capital raises Zain Saudi price target

Riyad Capital raises Zain Saudi price target

Increased optimism on successful capital restructuring will help Zain Saudi Arabia to further narrow its valuation gap with peers through 2012, Riyad Capital said and raised its price target on the telecom operator's stock by nearly 40 percent.

February 13, 2012 2:26
 
Riyad Capital ups price target on Saudi’s Mobily

Riyad Capital ups price target on Saudi’s Mobily

Etihad Etisalat Co (Mobily) is set to deliver another year of double-digit revenue growth following strong performance last year on improved post-paid sales, Riyad Capital said and raised its price target on the stock by 12 riyals to 74 riyals.

February 6, 2012 2:44