Riyadh – Mubasher: Global Investment House set the fair value for Samba financial group at SAR 27.5 per share, which is 52.4% higher than the bank’s current market price of SAR 18/share.
The investment firm upgraded the bank's "Buy" recommendation to "Strong Buy," according to the company's latest report on Wednesday.
"Also, the stock is trading near its 7-year low which provides an excellent opportunity for investors to enter into a position in the stock at appealing valuations," the report said.
