Banque Saudi Fransi Price Target Kept as United Securities Notes Q2 Performance

MT Newswires · 2d ago
05:54 AM EDT, 08/14/2026 (MT Newswires) -- United Securities LLC maintained its price target for Banque Saudi Fransi (SASE:1050) as analysts took note of the company's "stable" operating performance in the second quarter. The lender reported a 6.4% annual increase in operating income to 2.85 billion Saudi riyals during the quarter, with profit after tax also rising over the period despite logging higher provisions, according to a Thursday note. "[The] management has reaffirmed its guidance across all parameters, including an positive revision to the cost of risk by 5bps for 2026. We maintain our target price of SAR 22/share, with a HOLD rating. The stock currently trades at 10x 2026E P/E and 1.1x P/B, and offers a dividend yield of 5%," the research firm said.