United Securities cuts target to SAR 49.50 for Almarai stock
Published on 10/19/2026 at 10:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSCapital allocation shapes the outlook
- United Securities lowered its target to SAR 49.50 in an October 2026 note.
- Almarai planned more than USD 4 billion in investment through 2031 on October 8, 2026.
- Almarai stock was last at SAR 41.90 at 11:01 a.m. AST on October 19, 2026.
Almarai (ISIN SA000A0ETHT1) is facing a lower broker target of SAR 49.50 from United Securities, even after a stronger third quarter. Finimize reported that the Saudi brokerage reduced its target while keeping its longer-term sales growth view broadly higher.
Revenue growth meets cost pressure
Almarai reported Q3 2026 revenue of SAR 6.19 billion on October 4, 2026, up 11 percent from SAR 5.55 billion in Q3 2025. Net profit reached SAR 617.80 million, compared with SAR 613.20 million a year earlier, as higher feed shipping, distribution and energy costs absorbed much of the revenue benefit. These figures came from Almarai.
What does the investment plan mean?
The company presented a 2026-2031 growth strategy on October 8, 2026, with planned investment of more than USD 4 billion. The program covers capacity expansion, core food categories, new categories, foodservice, e-commerce and priority markets, according to Almarai. For investors, the central tension is visible in the numbers: nine-month revenue rose 10 percent to SAR 18.22 billion, while nine-month net profit stayed broadly stable at SAR 1.99 billion.
Three dates shape the story
On October 4, 2026, Almarai reported Q3 revenue of SAR 6.19 billion. On October 8, 2026, it presented a strategy backed by more than USD 4 billion of planned investment. In October 2026, United Securities cut its target to SAR 49.50 while Q3 revenue reached SAR 6.2 billion, as Finimize reported.
Saudi trading gives the latest marker
Almarai stock was last at SAR 41.90 on the Saudi Exchange on October 19, 2026 at 11:01 a.m. AST. The same quote showed a 52-week range of SAR 38.18 to SAR 50.10 and a market capitalization of SAR 41.6 billion. The valuation question now sits between expanding capacity and the cost pressure already visible in the Q3 profit comparison.
Almarai at a glance
- Company: Almarai Company
- ISIN: SA000A0ETHT1
- Ticker: 2280
- Primary exchange: Saudi Exchange
- Price on the Saudi Exchange as of October 19, 2026, 11:01 a.m. AST: SAR 41.90
- Market capitalization: SAR 41.6 billion as of October 19, 2026
- 52-week range: SAR 38.18-SAR 50.10 as of October 19, 2026
- Sector / Industry: Food and beverage manufacturing and distribution
Market context: Latest market reports.
