United Securities cuts target to SAR 49.50 for Almarai stock

Published on 10/16/2026 at 09:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 revenue reached SAR 6.19 billion, up 11 percent year over year. For Almarai stock, profit reached SAR 617.80 million in Q3 2026.

Target cut and growth strategy

United Securities lowered its Almarai target to SAR 49.50 on October 12, 2026.
Almarai outlined more than USD 4.00 billion of planned investment on October 8, 2026.
Almarai stock was last at SAR 43.04 on Tadawul on October 15, 2026 at 3:14 p.m. AST.
Almarai had a SAR 42.8 billion market capitalization as of October 15, 2026.

Almarai, SA000A0ETHT1, Illustration mit AI erstellt.

United Securities cut its target for Almarai stock to SAR 49.50 on October 12, 2026, even as the Saudi food company delivered strong third-quarter revenue growth. Finimize reported the broker decision and said the quarterly revenue figure was above its forecast.

Three dates frame the story

On October 4, 2026, Almarai reported Q3 revenue of SAR 6.19 billion, up 11 percent from SAR 5.55 billion in Q3 2025. On October 8, 2026, the company presented a 2026 to 2031 strategy backed by more than USD 4.00 billion of planned investment. On October 12, 2026, United Securities cut its target to SAR 49.50. Each date adds a different signal: operating growth, capital deployment and a more cautious valuation view.

Almarai Company said the strategy would support capacity expansion, new categories, foodservice and e-commerce. The investment figure gives the target cut a useful counterweight, because management is still committing capital to growth beyond the latest quarter.

What does the quarter mean for margins?

Almarai Company reported Q3 net profit of SAR 617.80 million, up 1 percent from SAR 613.20 million a year earlier. Revenue therefore grew faster than profit by 10 percentage points, while higher feed shipping, distribution and energy costs absorbed much of the sales benefit. For the first nine months of 2026, revenue reached SAR 18.22 billion, up 10 percent, while net profit was broadly stable at SAR 1.99 billion.

Stock value and trading context

Almarai had a SAR 42.8 billion market capitalization and a SAR 38.18 to SAR 50.10 52-week range as of October 15, 2026. The last available Tadawul quote was SAR 43.04 on October 15, 2026 at 3:14 p.m. AST, placing the stock inside that annual range while the target cut keeps valuation in focus.

The further course of trading is shown by the continuously updated real-time quote of Almarai stock.