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Saudi Arabian (Tadawul) Financials Sector Analysis

UpdatedDec 24, 2025
DataAggregated Company Financials
Companies50
  • 7D1.7%
  • 3M-5.8%
  • 1Y-1.4%
  • YTD-3.8%

Over the last 7 days, the Financials industry has remained flat, although notably Bupa Arabia for Cooperative Insurance declined by 4.3%. In line with that, the industry has also been flat over the past 12 months. Looking forward, earnings are forecast to grow by 9.4% annually.

Sector Valuation and Performance

Has the Saudi Arabian Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Dec 2025ر.س1.1tر.س219.6bر.س90.5b16.2x12.3x5.1x
Fri, 21 Nov 2025ر.س1.1tر.س219.8bر.س90.6b17.4x12.5x5.2x
Sun, 19 Oct 2025ر.س1.2tر.س215.4bر.س88.1b18.5x13.8x5.6x
Tue, 16 Sep 2025ر.س1.1tر.س215.4bر.س88.1b16.8x12x4.9x
Thu, 14 Aug 2025ر.س1.1tر.س215.5bر.س88.9b17.4x12.3x5.1x
Sat, 12 Jul 2025ر.س1.2tر.س209.7bر.س86.3b18.8x13.4x5.5x
Mon, 09 Jun 2025ر.س1.1tر.س209.6bر.س86.3b19.9x12.9x5.3x
Wed, 07 May 2025ر.س1.1tر.س208.4bر.س86.3b18.4x13.3x5.5x
Fri, 04 Apr 2025ر.س1.2tر.س203.9bر.س83.2b18.9x14.5x5.9x
Sun, 02 Mar 2025ر.س1.2tر.س202.2bر.س83.1b19.3x14.2x5.9x
Tue, 28 Jan 2025ر.س1.2tر.س197.0bر.س79.9b19.1x14.8x6x
Thu, 26 Dec 2024ر.س1.1tر.س197.0bر.س79.9b17.8x14.1x5.7x
Sat, 23 Nov 2024ر.س1.1tر.س196.8bر.س79.7b16.1x13.9x5.6x
Mon, 21 Oct 2024ر.س1.1tر.س190.8bر.س77.1b17.7x14x5.7x
Wed, 18 Sep 2024ر.س1.1tر.س190.8bر.س77.1b19.4x14.3x5.8x
Fri, 16 Aug 2024ر.س1.1tر.س190.7bر.س77.1b19.1x14.4x5.8x
Sun, 14 Jul 2024ر.س1.1tر.س185.9bر.س74.4b16.9x14.8x5.9x
Tue, 11 Jun 2024ر.س1.1tر.س185.1bر.س74.2b17.6x14.9x6x
Thu, 09 May 2024ر.س1.1tر.س182.3bر.س73.5b19.8x15.3x6.2x
Sat, 06 Apr 2024ر.س1.2tر.س181.3bر.س72.4b19.4x16.4x6.6x
Mon, 04 Mar 2024ر.س1.2tر.س178.5bر.س72.3b18x16.4x6.6x
Wed, 31 Jan 2024ر.س1.2tر.س176.0bر.س71.6b16.4x16.1x6.5x
Fri, 29 Dec 2023ر.س1.1tر.س176.0bر.س71.6b16.9x15.6x6.3x
Sun, 26 Nov 2023ر.س1.0tر.س175.9bر.س71.5b15.8x14x5.7x
Tue, 24 Oct 2023ر.س904.0bر.س170.4bر.س69.7b17.2x13x5.3x
Thu, 21 Sep 2023ر.س980.1bر.س171.0bر.س69.7b18.2x14.1x5.7x
Sat, 19 Aug 2023ر.س1.0tر.س169.6bر.س69.3b19.9x14.8x6.1x
Mon, 17 Jul 2023ر.س1.1tر.س164.0bر.س67.0b21.4x16x6.5x
Wed, 14 Jun 2023ر.س1.0tر.س161.4bر.س66.4b24.3x15.8x6.5x
Fri, 12 May 2023ر.س1.0tر.س161.8bر.س70.7b18.5x14.8x6.5x
Sun, 09 Apr 2023ر.س1.0tر.س155.3bر.س69.7b18.3x14.8x6.6x
Tue, 07 Mar 2023ر.س995.5bر.س154.1bر.س68.2b18.2x14.6x6.5x
Thu, 02 Feb 2023ر.س1.1tر.س149.9bر.س65.3b19.7x16.1x7x
Sat, 31 Dec 2022ر.س1.0tر.س149.9bر.س65.3b20.4x16x7x
Price to Earnings Ratio

16x


Total Market Cap: ر.س1.0tTotal Earnings: ر.س65.3bTotal Revenue: ر.س149.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Saudi Arabian Financials Sector Price to Earnings3Y Average 14.4x202320242025
Current Industry PE
  • Investors are pessimistic on the Saudi Financials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 12.3x which is lower than its 3-year average PE of 14.4x.
  • The 3-year average PS ratio of 5.9x is higher than the industry's current PS ratio of 5.1x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 12% per year over the last three years.
  • Revenues for these companies have grown 14% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Saudi Arabian Financials sector?

SA Market0.62%
Financials1.73%
Banks2.18%
Mortgage Finance0%0
Diversified Financial-0.29%
Consumer Finance-1.35%
Insurance-1.52%
Capital Markets-2.16%
Industry PE
  • Investors are most optimistic about the Insurance industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 17.0%, which is higher than its past year's earnings decline of 12.2% per year.
  • Investors are most pessimistic about the Banks industry, which is trading below its 3-year average of 13.5x.
Forecasted Growth
  • Analysts are most optimistic on the Capital Markets industry, expecting annual earnings growth of 30% over the next 5 years.
  • This is better than its past earnings decline of 6.8% per year.
  • In contrast, the Diversified Financial industry is expected to see its earnings decline by 13% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
1120 Al Rajhi Banking and Investmentر.س97.952.5%
+ر.س9.4b		5.5%PB2.9x
1180 Saudi National Bankر.س38.042.3%
+ر.س5.0b		14.2%PB1.1x
1010 Riyad Bankر.س26.803.8%
+ر.س2.9b		-4.3%PB1.1x
1050 Banque Saudi Fransiر.س17.093.4%
+ر.س1.4b		7.2%PB0.8x
1060 Saudi Awwal Bankر.س32.601.2%
+ر.س780.8m		-0.9%PB0.9x

Latest News

1150
ر.س24.65
Alinma Bank
7D
0.6%
1Y
-14.1%

1150: Revenue Outlook And Leaner Earnings Multiple May Support Future Upside

Analysts have modestly lowered their price target for Alinma Bank, trimming fair value by approximately SAR 0.74. Slightly softer margin expectations have offset improved revenue growth assumptions and a leaner forward price to earnings outlook.
1180
ر.س38.04
Saudi National Bank
7D
2.3%
1Y
14.2%

1180 Share Buyback And Margin Upside Will Support Future Shareholder Returns

Analysts have modestly raised their price target on Saudi National Bank to SAR 48.11 from SAR 47.83. They cite incremental improvements in expected profit margins and forward valuation multiples, despite largely unchanged revenue growth and discount rate assumptions.
1020
ر.س11.06
Bank AlJazira
7D
-1.2%
1Y
-25.8%
4280
ر.س8.10
Kingdom Holding
7D
-0.4%
1Y
-11.2%
1050
ر.س17.09
Banque Saudi Fransi
7D
3.4%
1Y
7.2%

1050: Future Cross-Border Payment Expansion Will Support Stronger Long-Term Profitability

Analysts have lowered their price target on Banque Saudi Fransi to SAR 23.71 from SAR 24.29. The revision reflects slightly softer revenue growth expectations and a modestly lower future P E multiple, partly offset by a marginally stronger profit margin outlook and reduced discount rate assumptions.
4084
ر.س26.62
Derayah Financial
7D
-4.2%
1Y
n/a
8230
ر.س79.10
Al Rajhi Company for Cooperative Insurance
7D
-1.5%
1Y
-51.3%
8010
ر.س116.90
Company for Cooperative Insurance
7D
-1.3%
1Y
-17.4%

Investors Holding Back On The Company for Cooperative Insurance (TADAWUL:8010)

Nov 27
Investors Holding Back On The Company for Cooperative Insurance (TADAWUL:8010)
8210
ر.س139.10
Bupa Arabia for Cooperative Insurance
7D
-4.3%
1Y
-31.3%
1120
ر.س97.95
Al Rajhi Banking and Investment
7D
2.5%
1Y
5.5%

Should You Be Adding Al Rajhi Banking and Investment (TADAWUL:1120) To Your Watchlist Today?

Nov 13
Should You Be Adding Al Rajhi Banking and Investment (TADAWUL:1120) To Your Watchlist Today?
4083
ر.س155.20
United International Holding
7D
-1.6%
1Y
-5.9%

United International Holding Company (TADAWUL:4083) Could Be Riskier Than It Looks

Nov 11
United International Holding Company (TADAWUL:4083) Could Be Riskier Than It Looks
1111
ر.س152.50
Saudi Tadawul Group Holding
7D
-1.4%
1Y
-30.2%
1010
ر.س26.80
Riyad Bank
7D
3.8%
1Y
-4.3%
1140
ر.س25.44
Bank Albilad
7D
1.8%
1Y
-18.4%
1060
ر.س32.60
Saudi Awwal Bank
7D
1.2%
1Y
-0.9%
1080
ر.س21.58
Arab National Bank
7D
1.2%
1Y
6.5%