For full coverage of Middle East business events, see MEED NBK Capital said on 29 December that it had upgraded its recommendation for shares in National Bank of Abu Dhabi (NBAD) to buy from hold despite cutting their fair value…
Tag: NBK Capital
NBK downgrades Sabic to hold
NBK capital has reduced its recommendation for shares in Saudi Basic Industries Corporation (Sabic) to hold from buy an forecast a fall in the company’s 2016 and 2017 profits. “We have reduced our fair value for Sabic to SR 93.40 a…
NBK Capital upgrades ANB to buy
National Bank of Kuwait (NBK) Capital has upgraded its view of Riyadh’s Arab National Bank (ANB) to buy from hold. “ We cut our fair value for ANB by 22 per cent to SR 28.40, which still reflects a 29…