A bet on banks to lead the Saudi Stock Exchange Index to new peaks in 2025

The bets are rising again on the shares of the Saudi banking sector, after the evaluation gaps between the “Tassi” index and emerging market indicators are narrowed. EFG Hermes Research has placed the Saudi banking sector at the top of its preferences for the year 2025 in the Arab markets they cover, after the release of profitability, the expected growth of corporate lending during the upcoming period, powered by huge projects, and the expected increase in real estate financing, as well as the improvement of individuals. The largest investment bank in the region has increased its recommendation on the Saudi market to ‘overweight’ for the next year. The banking sector made the market activity on Monday, Monday, after increasing more than 2%, above the Saudi Stock Exchange Index to get again. Ahmed Al -Rashid, the first analyst of the Al -iqtisadiah newspaper, believes that the market is at the end of the trade; “This reflects confusion and hesitation among investors about the future of shares and their ability to have cohesion.” The appetite for risk and improving the prospects for the index movement, which will target, will again target the levels of more than 12,000 points. The Saudi market is trading at a future profitability of 15 times, compared to a historical average of 17 to 18 times, which narrowed the evaluation gap with its emerging markets. “There are still opportunities in the banking sector, which trade with low repellents compared to other market sectors and have attractive cash returns, amid expectations for high levels. The share of the Saudi National Bank and” Al -Rajhi Bank “is at the top of the preferred options for the next year, Subsidies. From the Riyadh Stock Exchange Index to continue. real estate management and development sector, amid a series of real estate funds to develop billions of rands projects. The “City of Economic Knowledge City” will launch a real estate investment fund with a value of more than one billion Riyals by the first quarter of next year to develop the “Duha of the City” project. The company also signed contracts worth 232 million Riyals to implement electric and mechanical works for the Hilton Hotel Tower and Luxury Hotel Apartments within the City Forum project. ‘Knowledge City’ joins a rupture of the disclosure of billions of real estate funds in Saudi Arabia, to take advantage of the increasing momentum, as the Kingdom has a remarkable activity of real estate investment funds aimed at developing projects, in the light of the generating resorts and the provision of thousands of housing Economic Transformation Plan ‘. According to Bloomberg, real estate and infrastructure projects in the kingdom were announced with a value of up to $ 1.3 trillion. The subscriptions for the end of the year will be closed today, the first public subscription door for individuals in the “Mousa Health” proposal. This will open the subscription door for the individual investor segment of “Nice One”. Yesterday, Monday, the approval of the Council of Directors of the Saudi Capital Market Authority indicated the request of the “Ijada Systems” business, which is attached to “Al -Rajhi Bank”, 45% of its public subscription shares, representing 20.25 million shares. The subscription is expected to take place at the earliest time from 2025. This year, there were 16 primary public subscriptions in the most important Saudi financial market, which, according to the “East” accounts, raised more than $ 4.1 billion.