Due to the Corona pandemic in the Kingdom of Saudi Arabia, the Al Ahli Capital market index decreased by 37% during 2020.
The company expects the index to stabilize between 8,400 to 9,000 points, followed by a profit growth of 41%, reflecting cash returns of up to 3%. Al Ahli Capital has chosen the cement and public utilities sectors, preferring companies operating in the construction sector while avoiding the healthcare and banking sectors. The company also anticipates some challenges in the retail sector amid fluctuations in the tourism and petrochemical sectors in Saudi Arabia.
