Riyad Capital Updates Sabic Agri-Nutrients Price Target After Q2 Results

06:04 AM EDT, 08/07/2026 (MT Newswires) -- Riyad Capital revised its price target for Sabic Agri-Nutrients Co (SASE:2020) following the petrochemical company's second-quarter results. In a first look note published Thursday, the research firm said the group's net profit of 379 million Saudi riyals was "well below" its forecast of 792 million riyals. It noted that the figure was "consistent" with its expected quarterly decline in sales volumes. Meanwhile, Sabic Agri-Nutrients' sales for the three-month period came in at 2.41 billion riyals, compared with Riyad Capital's estimate of 1.91 billion riyals. "With logistics still normalizing and Chinese exports filling the market and pressuring urea pricing, we lower our target price to SAR 120.00 and maintain our Neutral rating," analysts wrote.