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Saudi Arabian (Tadawul) Tech Sector Analysis

UpdatedDec 20, 2025
DataAggregated Company Financials
Companies18
  • 7D-3.5%
  • 3M-10.9%
  • 1Y-27.5%
  • YTD-26.5%

Over the last 7 days, the Tech industry has dropped 3.5%, driven by a pullback from Elm of 3.3%. Meanwhile, Sure Global Tech actually outperformed within the industry, gaining 16% in the last week. The industry has fallen 27% in the last year. As for the next few years, earnings are expected to grow by 13% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 20 Dec 2025ر.س100.6bر.س26.4bر.س4.1b25x24.4x3.8x
Mon, 17 Nov 2025ر.س104.2bر.س26.2bر.س4.1b25x25.4x4x
Wed, 15 Oct 2025ر.س117.0bر.س25.2bر.س4.1b28.8x28.7x4.6x
Fri, 12 Sep 2025ر.س106.4bر.س25.2bر.س4.1b26.8x26.1x4.2x
Sun, 10 Aug 2025ر.س116.2bر.س25.1bر.س4.1b28.7x28.4x4.6x
Tue, 08 Jul 2025ر.س122.3bر.س24.5bر.س4.0b26.5x30.6x5x
Thu, 05 Jun 2025ر.س125.0bر.س23.8bر.س4.0b32.5x31.4x5.3x
Sat, 03 May 2025ر.س126.7bر.س23.4bر.س3.9b29.4x32.8x5.4x
Mon, 31 Mar 2025ر.س126.0bر.س23.5bر.س3.8b33.1x32.8x5.4x
Wed, 26 Feb 2025ر.س138.9bر.س23.0bر.س3.7b35x37.9x6x
Fri, 24 Jan 2025ر.س140.9bر.س22.1bر.س3.5b38.8x40.2x6.4x
Sun, 22 Dec 2024ر.س136.7bر.س22.1bر.س3.5b38.2x39.1x6.2x
Tue, 19 Nov 2024ر.س133.9bر.س22.2bر.س3.4b32.6x39.1x6x
Thu, 17 Oct 2024ر.س130.5bر.س21.9bر.س3.2b29.8x41.1x6x
Sat, 14 Sep 2024ر.س126.4bر.س21.8bر.س3.2b30x39.9x5.8x
Mon, 12 Aug 2024ر.س117.8bر.س21.8bر.س3.2b27.6x37.1x5.4x
Wed, 10 Jul 2024ر.س112.5bر.س21.3bر.س2.9b32.1x38.5x5.3x
Fri, 07 Jun 2024ر.س110.2bر.س21.0bر.س2.9b34.9x38.2x5.2x
Sun, 05 May 2024ر.س128.1bر.س20.7bر.س2.8b39.5x45.9x6.2x
Tue, 02 Apr 2024ر.س133.6bر.س20.6bر.س2.9b37.4x46.9x6.5x
Thu, 29 Feb 2024ر.س136.6bر.س19.8bر.س2.8b39x49.4x6.9x
Sat, 27 Jan 2024ر.س123.4bر.س19.8bر.س2.8b31.7x44.6x6.2x
Mon, 25 Dec 2023ر.س113.7bر.س19.8bر.س2.8b31x41.1x5.8x
Wed, 22 Nov 2023ر.س104.9bر.س19.8bر.س2.8b30x37.9x5.3x
Fri, 20 Oct 2023ر.س104.7bر.س18.4bر.س2.7b29x38.6x5.7x
Sun, 17 Sep 2023ر.س105.4bر.س18.4bر.س2.7b26.7x38.9x5.7x
Tue, 15 Aug 2023ر.س106.5bر.س18.2bر.س2.7b30x39.5x5.9x
Thu, 13 Jul 2023ر.س105.4bر.س17.2bر.س2.4b29.7x43x6.1x
Sat, 10 Jun 2023ر.س95.0bر.س17.2bر.س2.4b30.8x38.8x5.5x
Mon, 08 May 2023ر.س76.9bر.س16.2bر.س2.3b27.8x33.3x4.8x
Wed, 05 Apr 2023ر.س78.0bر.س16.1bر.س2.2b26.6x35.3x4.9x
Fri, 03 Mar 2023ر.س65.9bر.س15.8bر.س2.1b26.5x31.3x4.2x
Sun, 29 Jan 2023ر.س63.5bر.س15.8bر.س2.1b25x30.4x4x
Tue, 27 Dec 2022ر.س61.7bر.س15.8bر.س2.1b29.5x29.7x3.9x
Price to Earnings Ratio

29.7x


Total Market Cap: ر.س61.7bTotal Earnings: ر.س2.1bTotal Revenue: ر.س15.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Saudi Arabian Tech Sector Price to Earnings3Y Average 36.7x202320242025
Current Industry PE
  • Investors are pessimistic on the Saudi Information Technology 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 24.4x which is lower than its 3-year average PE of 36.7x.
  • The 3-year average PS ratio of 5.4x is higher than the industry's current PS ratio of 3.8x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 26% per year over the last three years.
  • Revenues for these companies have grown 19% 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 Tech sector?

SA Market-1.62%
Tech-3.55%
Electronic Equipment and Components0%0
IT-3.53%
Software-4.25%
Industry PE
  • Investors are most optimistic about the IT industry even though it's trading below its 3-year average PE ratio of 36.2x.
    • Analysts are expecting annual earnings growth of 13.3%, which is higher than its past year's earnings growth of 8.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the IT industry, expecting annual earnings growth of 13% over the next 5 years.
  • This is better than its past earnings growth rate of 8.3% per year.
  • In contrast, the IT industry is expected to see its earnings grow 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
9550 Sure Global Techر.س61.4515.9%
+ر.س63.6m
-31.7%PE14.7x
9637 Axelerated Solutions for Information and Communication Technologyر.س25.986.7%
+ر.س45.9m
n/aPE11.1x
9639 Anmat Technology for Tradingر.س8.202.4%
+ر.س8.2m
n/aPE10.3x
9614 Purity for Information Technologyر.س20.450.5%
+ر.س1.5m
-4.0%PE77.1x
9561 Knowledge Net Computerر.س21.651.1%
+ر.س840.0k
-31.7%PS1.6x

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