Recent Research

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  FIRST LOOK NOTES

  27 Oct 2025

  The Saudi Investment Bank

  BUY

  Last Closing Price

  SAR 13.82

  Target Price

  SAR 17.80

  Upside (%)

  +28.80%

  Saudi Equity Research - The Saudi Investment Bank (SAIB) 3Q25 - First Look Note

  Net advances increased 16.5% YOY and 2.0% QOQ to SAR 110.6 Bn, along with 7.2% YOY and 4.9% QOQ growth in customer deposits to AED 105.1 Bn in 3Q25. Net advances to deposits ratio stood at 105.2% in 3Q25. Cost to income ratio decreased from 41.5% in 3Q24 to 40.2% in 3Q25, indicating enhanced operational efficiency.

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• 

  INITIAL COVERAGE (EQUITIES)

  02 Sep 2025

  The Saudi Investment Bank

  BUY

  Last Closing Price

  SAR 13.81

  Target Price

  SAR 17.80

  Upside (%)

  +28.89%

  Saudi Equity Research - The Saudi Investment Bank (SAIB) - Initiation Coverage

  We initiate coverage on The Saudi Investment Bank (“SAIB” or “The Bank”) with a Valuation of SAR 17.80 per share. SAIB is a leading financial institution in the KSA, and provides a wide range of Shariah-compliant and conventional banking services to corporates, individuals, and SMEs. SAIB plays a key role in supporting trade finance, industrial development, and infrastructure projects in the Kingdom.

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