05:59 AM EDT, 10/05/2026 (MT Newswires) -- United Securities LLC started coverage of The Saudi Investment Bank (SASE:1030) with a hold rating and a price target of 15.90 Saudi riyals. In a Sunday research report, analysts highlighted the Saudi lender's corporate banking segment, which they expect to continue driving earnings growth going forward. The company forecasts mid-to-high single-digit loan growth, boosted by higher corporate loans, a "healthy" origination pipeline, and a stable overall lending appetite. Amid its high corporate exposure, the research firm took note of the company's low non-performing loan ratio, standing at 0.91% of its loan book as of the first half. Combined with its 201.8% provision coverage ratio as of the first half, United Securities said these correspond to a "strong buffer" against possible asset-quality pressures amid geopolitical tensions. "We forecast operating income to grow at a 5% CAGR over 2025-30E, driven by 7% growth in net interest income and 13% growth in fee income over the same period. This reflects the bank's focus on optimising its cost of funds and increasing the contribution of non- interest income," analysts wrote.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.