• UAE Flag
    First Look Notes
    03 Nov 2026
    Mashreq Bank
    AED 307.00
    AED 325.00
    +5.86%
    HOLD

    UAE Equity Research - Mashreq Bank (MASQ) 3Q26 - First Look Note

    Customer deposits increased 26.7% YOY and 4.4% QOQ to AED 237.1 Bn, and net advances rose 33.2% YOY and 12.7% QOQ to AED 190.6 Bn during 3Q26. NIMs declined 30 bps YOY and 7 bps QOQ to 3.2% in 3Q26. Asset quality improved, with the calculated NPL ratio falling to 1.0% in 3Q26 from 1.1% in 2Q26. Download

  • Saudi Flag
    First Look Notes
    03 Nov 2026
    Saudi Telecom Co (STC)
    SAR 41.16
    SAR 50.00
    +21.48%
    BUY

    Saudi Equity Research - Saudi Telecom Company (STC) 3Q26 - First Look Note

    STC KSA’s mobile subscribers increased 4.8% YOY to 30.6 Mn, while fixed subscribers grew 4.0% YOY to 6.2 Mn as of 3Q26. STC expanded its 5G network to 12.38K towers, up 31.5% YOY, while households connected to its fiber optic network increased 7.0% YOY to 3.95 Mn as of September 2026. Download

  • Saudi Flag
    First Look Notes
    03 Nov 2026
    Arab National Bank
    SAR 20.69
    SAR 25.00
    +20.83%
    BUY

    Saudi Equity Research - Arab National Bank (ARNB) 3Q26 - First Look Note

    Customer deposits grew 3.2% YOY to SAR 217.5 Bn in 3Q26, while the calculated loan-to-deposit ratio increased to 96.2% in 3Q26 from 94.5% in 2Q26. ARNB revised its 2026 cost of risk guidance to 30-40 bps from previous guided range of 40-50 bps. Download

  • Trending Reports

    FIRST LOOK NOTES
    08 Aug 2025
    Egypt Flag
    EGP 100.00
    EGP 115.00
    +15.00%
    FIRST LOOK NOTES
    16 Feb 2026
    UAE Flag
    AED 2.72
    AED 5.45
    +100.37%
    FIRST LOOK NOTES
    09 Feb 2026
    UAE Flag
    AED 2.59
    AED 2.95
    +13.90%
  • Technical Analysis Report

    • 29 Oct 2026 - UAE
    • 22 Oct 2026 - UAE
  • ADX

      • 9,490.72
        24.38    (0.26%)
      • As of closing 02 Nov 26
      • 52 Week Range
        9,298.60 L 10,755.36 H
    • Turnover ( AED ) 775,426,200
      Volume 176,933,700
      Market Cap ( AED ) 2,360,605,616,178

    DFM

      • 5,807.83
        37.10    (0.64%)
      • As of closing 02 Nov 26
      • 52 Week Range
        5,233.10 L 6,785.48 H
    • Turnover ( AED ) 507,820,800
      Volume 180,472,500
      Market Cap ( AED ) 908,665,433,541

    Tadawul

      • 9,882.85
        44.57    (0.45%)
      • As of closing 02 Nov 26
      • 52 Week Range
        9,367.91 L 11,592.30 H
    • Turnover ( SAR ) 3,554,150,000
      Volume 199,797,200
      Market Cap ( SAR ) 9,120,942,206,298

Filter by

Recent Research

  • UAE Flag
    FIRST LOOK NOTES
    03 Nov 2026
    Mashreq Bank
    HOLD
    AED 307.00
    AED 325.00
    +5.86%

    UAE Equity Research - Mashreq Bank (MASQ) 3Q26 - First Look Note

    Customer deposits increased 26.7% YOY and 4.4% QOQ to AED 237.1 Bn, and net advances rose 33.2% YOY and 12.7% QOQ to AED 190.6 Bn during 3Q26. NIMs declined 30 bps YOY and 7 bps QOQ to 3.2% in 3Q26. Asset quality improved, with the calculated NPL ratio falling to 1.0% in 3Q26 from 1.1% in 2Q26.
  • Saudi Flag
    FIRST LOOK NOTES
    03 Nov 2026
    Saudi Telecom Co (STC)
    BUY
    SAR 41.16
    SAR 50.00
    +21.48%

    Saudi Equity Research - Saudi Telecom Company (STC) 3Q26 - First Look Note

    STC KSA’s mobile subscribers increased 4.8% YOY to 30.6 Mn, while fixed subscribers grew 4.0% YOY to 6.2 Mn as of 3Q26. STC expanded its 5G network to 12.38K towers, up 31.5% YOY, while households connected to its fiber optic network increased 7.0% YOY to 3.95 Mn as of September 2026.
  • Saudi Flag
    FIRST LOOK NOTES
    03 Nov 2026
    Arab National Bank
    BUY
    SAR 20.69
    SAR 25.00
    +20.83%

    Saudi Equity Research - Arab National Bank (ARNB) 3Q26 - First Look Note

    Customer deposits grew 3.2% YOY to SAR 217.5 Bn in 3Q26, while the calculated loan-to-deposit ratio increased to 96.2% in 3Q26 from 94.5% in 2Q26. ARNB revised its 2026 cost of risk guidance to 30-40 bps from previous guided range of 40-50 bps.
  • UAE Flag
    FIRST LOOK NOTES
    03 Nov 2026
    Borouge PLC
    BUY
    AED 2.25
    AED 2.95
    +31.11%

    UAE Equity Research - Borouge PLC 3Q26 - First Look Note

    PE and PP premia moderated to USD 301 and USD 156 per tonne, respectively, in 3Q26 from USD 438 and USD 282 per tonne in 2Q26, remaining above the Company's through-the-cycle guidance. Capital expenditure declined to USD 35 Mn in 3Q26 from USD 114 Mn in 2Q26 and USD 40 Mn in 3Q25, following elevated spending in the previous quarter.
  • Saudi Flag
    EARNINGS CALL INSIGHT
    02 Nov 2026
    Al Rajhi Bank
    BUY
    SAR 59.75
    SAR 78.00
    +30.54%

    Saudi Equity Research - Al Rajhi Bank (RJHI) 3Q26 - Earnings Call Insight

    Al Rajhi Bank (RJHI/the Bank) reported an 11.7% YOY increase in net profit to SAR 7,106 Mn in 3Q26, supported by double-digit growth in net funded income partially offset by a decline in non-funded income, higher operating expenses, impairment charges, share of profit to NCI holders and zakat expenses.
  • Saudi Flag
    FIRST LOOK NOTES
    30 Oct 2026
    Riyad Bank
    BUY
    SAR 19.30
    SAR 27.00
    +39.90%

    Saudi Equity Research - Riyad Bank (RIBL) 3Q26 - First Look Note

    Funded income increased marginally 0.9% YOY to SAR 7,104 Mn in 3Q26, supported by higher investment income, partially offset by lower income from loans and advances.

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