The Middle East witnessed a moderate third quarter in 2014 torn between an international decline of oil prices and heightening regional security uprisings. As oil production flooded the international ... read more
One month after the UN dubbed the doings of the self-proclaimed Islamic State (IS) as “mass atrocities” and on the eve of 9/11, US President Barack Obama announced air strikes against IS in Syria and in ... read more
Amidst a still turbulent Middle Eastern scene, the United Nations blacklisted four Saudi and Kuwaiti nationals for financing Islamists in Syria and Iraq. As a response the two countries announced they ... read more
We maintain our HOLD rating on Yamama with a higher target price of SAR 63.18 per share on positive reform in the Saudi equity market. Yamama’s shares price tracked the uptrend in the Saudi stock market, ... read more
We maintain our ACCUMULATE rating on Yamama, raising our target price from SAR 57.74 to SAR 62.59 after it was reached in November. This only presents a 4.8% premium over its current closing price of SAR ... read more
We maintain an ACCUMULATE rating on Yamama, raising its target price to SAR 57.74 from SAR 51.20 previously, after it was reached during June 2013 and continues to rally. Our overweight rating is further ... read more
We maintain an ACCUMULATE rating on Yamama, the Saudi cement producer, with a fair value of SAR 51.2 per share, presenting an upside of 11.8% over the recent closing price of SAR 45.8. With record earnings ... read more
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