With Arabian Internet and Communication Services Company (TADAWUL:7202) It Looks Like You'll Get What You Pay For
Dec 18
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Saudi Arabian (Tadawul) Tech Sector Analysis
UpdatedDec 18, 2025
DataAggregated Company Financials
Companies18
- 7D-3.4%
- 3M-10.2%
- 1Y-27.6%
- YTD-26.0%
Over the last 7 days, the Tech industry has dropped 3.4%, driven by Elm declining 3.6%. On the other hand Axelerated Solutions for Information and Communication Technology is actually up 6.8%. However, the industry is down 28% over the past year. Looking forward, earnings are forecast to grow by 13% annually.
Sector Valuation and Performance
Has the Saudi Arabian Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 18 Dec 2025 | ر.س101.3b | ر.س26.4b | ر.س4.1b | 25x | 24.5x | 3.8x |
| Sat, 15 Nov 2025 | ر.س105.3b | ر.س26.2b | ر.س4.1b | 25x | 25.7x | 4x |
| Mon, 13 Oct 2025 | ر.س116.8b | ر.س25.2b | ر.س4.1b | 28.6x | 28.7x | 4.6x |
| Wed, 10 Sep 2025 | ر.س107.2b | ر.س25.2b | ر.س4.1b | 27.6x | 26.3x | 4.3x |
| Fri, 08 Aug 2025 | ر.س115.9b | ر.س24.6b | ر.س4.0b | 29.6x | 29.1x | 4.7x |
| Sun, 06 Jul 2025 | ر.س120.8b | ر.س24.5b | ر.س4.0b | 25.8x | 30.2x | 4.9x |
| Tue, 03 Jun 2025 | ر.س123.2b | ر.س23.8b | ر.س4.0b | 31.9x | 31x | 5.2x |
| Thu, 01 May 2025 | ر.س128.7b | ر.س23.4b | ر.س3.9b | 29.6x | 33.3x | 5.5x |
| Sat, 29 Mar 2025 | ر.س126.0b | ر.س23.5b | ر.س3.8b | 33.1x | 32.8x | 5.4x |
| Mon, 24 Feb 2025 | ر.س137.6b | ر.س23.0b | ر.س3.7b | 36x | 37.5x | 6x |
| Wed, 22 Jan 2025 | ر.س146.6b | ر.س22.1b | ر.س3.5b | 39.3x | 41.9x | 6.6x |
| Fri, 20 Dec 2024 | ر.س136.7b | ر.س22.1b | ر.س3.5b | 38.2x | 39.1x | 6.2x |
| Sun, 17 Nov 2024 | ر.س133.0b | ر.س22.2b | ر.س3.4b | 30.8x | 38.9x | 6x |
| Tue, 15 Oct 2024 | ر.س132.3b | ر.س21.9b | ر.س3.2b | 28.5x | 41.7x | 6.1x |
| Thu, 12 Sep 2024 | ر.س126.7b | ر.س21.8b | ر.س3.2b | 29.3x | 40x | 5.8x |
| Sat, 10 Aug 2024 | ر.س117.8b | ر.س21.8b | ر.س3.1b | 33.4x | 37.5x | 5.4x |
| Mon, 08 Jul 2024 | ر.س113.9b | ر.س21.3b | ر.س2.9b | 32.1x | 39x | 5.4x |
| Wed, 05 Jun 2024 | ر.س113.2b | ر.س21.0b | ر.س2.9b | 35.1x | 39.2x | 5.4x |
| Fri, 03 May 2024 | ر.س128.1b | ر.س20.7b | ر.س2.8b | 39.5x | 45.9x | 6.2x |
| Sun, 31 Mar 2024 | ر.س133.6b | ر.س20.6b | ر.س2.9b | 37.2x | 46.9x | 6.5x |
| Tue, 27 Feb 2024 | ر.س133.7b | ر.س19.8b | ر.س2.8b | 38.1x | 48.3x | 6.8x |
| Thu, 25 Jan 2024 | ر.س124.1b | ر.س19.8b | ر.س2.8b | 31.6x | 44.9x | 6.3x |
| Sat, 23 Dec 2023 | ر.س112.6b | ر.س19.8b | ر.س2.8b | 29.6x | 40.7x | 5.7x |
| Mon, 20 Nov 2023 | ر.س105.1b | ر.س19.6b | ر.س2.9b | 26.4x | 36.8x | 5.4x |
| Wed, 18 Oct 2023 | ر.س103.6b | ر.س18.4b | ر.س2.7b | 28.9x | 38.2x | 5.6x |
| Fri, 15 Sep 2023 | ر.س105.6b | ر.س18.4b | ر.س2.7b | 26.7x | 38.9x | 5.7x |
| Sun, 13 Aug 2023 | ر.س103.9b | ر.س18.1b | ر.س2.7b | 30.8x | 38.5x | 5.7x |
| Tue, 11 Jul 2023 | ر.س97.2b | ر.س17.2b | ر.س2.4b | 30.8x | 39.7x | 5.7x |
| Thu, 08 Jun 2023 | ر.س96.1b | ر.س17.2b | ر.س2.4b | 30.4x | 39.2x | 5.6x |
| Sat, 06 May 2023 | ر.س76.9b | ر.س16.2b | ر.س2.3b | 27.7x | 33.3x | 4.8x |
| Mon, 03 Apr 2023 | ر.س73.5b | ر.س16.1b | ر.س2.2b | 26.5x | 33.3x | 4.6x |
| Wed, 01 Mar 2023 | ر.س67.3b | ر.س15.8b | ر.س2.1b | 27.6x | 32x | 4.3x |
| Fri, 27 Jan 2023 | ر.س63.5b | ر.س15.8b | ر.س2.1b | 25x | 30.4x | 4x |
| Sun, 25 Dec 2022 | ر.س62.4b | ر.س15.8b | ر.س2.1b | 27.2x | 30.1x | 4x |
Price to Earnings Ratio
30.1x
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 24.5x 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 | -2.95% | |
| Tech | -3.44% | |
| Electronic Equipment and Components | 0% | 0 |
| Software | -3.28% | |
| IT | -3.42% | |
Industry PE
- Investors are most optimistic about the IT industry even though it's trading below its 3-year average PE ratio of 36.3x.
- Analysts are expecting annual earnings growth of 13.5%, 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 9550 Sure Global Tech | ر.س61.45 | 15.9% +ر.س63.6m | -31.7% | PE14.7x | |
| 9637 Axelerated Solutions for Information and Communication Technology | ر.س25.98 | 6.7% +ر.س45.9m | n/a | PE11.1x | |
| 9639 Anmat Technology for Trading | ر.س8.20 | 2.4% +ر.س8.2m | n/a | PE10.3x | |
| 9614 Purity for Information Technology | ر.س20.45 | 0.5% +ر.س1.5m | -4.0% | PE77.1x | |
| 9561 Knowledge Net Computer | ر.س21.65 | 1.1% +ر.س840.0k | -31.7% | PS1.6x |