Independent, data-driven research on the Saudi capital market.
215 funds, 10 years of data, one hidden factor. How Saudi investors can achieve true portfolio diversification using academic techniques.
Read Article →Burdened by debt and negative operating margins, a pivotal structural shift occurred in 2025 as Al Futtaim acquired a majority stake.
Read Article →Amiantit reduced its net loss to SAR 11.2M. An analysis of the company's debt restructuring and its dependence on government project momentum.
Read Article →Americana Restaurants operates as a large-scale regional franchise operator generating a structural ROIC near 70%.
Read Article →Revenue doubled since 2021, ROIC above 20%, and a net cash balance sheet. But over half of all revenue flows through a single affiliated distributor.
Read Article →Revenue is stable, but margins are expanding. Zero debt, SAR 284M in cash, and a growing dividend. A closer look at Saudi Arabia's leading thobe retailer.
Read Article →Revenue has nearly doubled since 2021, but 2025 net income dropped 34%. A look at the expansion engine, lease leverage, and governance behind Fitness Time.
Read Article →Revenue has climbed 16% over five years, yet net income has barely moved. A closer look at margin compression, capital efficiency, and the near-100% dividend payout.
Read Article →Revenue, profitability, and a detailed look at the pattern of related-party transactions in AlSaif Gallery's 2025 annual report.
Read Article →What the 2025 annual report actually shows about cash flow, receivables, and governance — beyond the SAR 77.8 billion revenue headline.
Read Article →Six fundamentals every investor should check before buying any stock.
Read Article →How 217 Saudi mutual funds performed in 2025. Who won, who lost, and what the numbers say.
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