Relationship Manager: IT Arqaam 
Email ID: 
Analyst
Jaap Meijer, MBA, CFA
Managing Director, Head of Research, Chief Strategist, Chief Economist, Head of
FIG
Email
Jaap Meijer, MBA, CFA
Managing Director, Head of Research, Chief Strategist, Chief Economist, Head of
FIG
Jaap Meijer, MBA, CFA
Managing Director, Head of Research, Chief Strategist, Chief Economist, Head of
FIG
Sector Research
Model Update | Banks
June 29, 2022
Ahli United
Bank
Bank
-
Currency
USD -
Last Closing Price
1.01 -
Target Price
1.20
Deep value (stake ARNB 115% of MC), but limited catalysts to unlock value, as RoE remains low
Arqaam Capital price targets and estimates are automatically adjusted for corporate actions on their respective ex-dates
Model Update | Banks
June 29, 2022
Ahli United
Bank
Bank
-
Currency
USD
-
Last Closing Price
1.01
-
Target Price
1.20
Deep value (stake ARNB 115% of MC), but limited catalysts to unlock value, as RoE remains low
Arqaam Capital price targets and estimates are automatically adjusted for corporate actions on their respective ex-dates
Model Update | Banks
June 29, 2022
Ahli United
Bank
Bank
-
Currency
USD
-
Last Closing Price
1.01
-
Target Price
1.20
Deep value (stake ARNB 115% of MC), but limited catalysts to unlock value, as RoE remains low
Arqaam Capital price targets and estimates are automatically adjusted for corporate actions on their respective ex-dates
Model Update | Banks
June 29, 2022
Ahli United
Bank
Bank
-
Currency
USD
-
Last Closing Price
1.01
-
Target Price
1.20
Deep value (stake ARNB 115% of MC), but limited catalysts to unlock value, as RoE remains low
Arqaam Capital price targets and estimates are automatically adjusted for corporate actions on their respective ex-dates
Model Update | Banks
June 29, 2022
Ahli United
Bank
Bank
-
Currency
USD
-
Last Closing Price
1.01
-
Target Price
1.20
Deep value (stake ARNB 115% of MC), but limited catalysts to unlock value, as RoE remains low
Arqaam Capital price targets and estimates are automatically adjusted for corporate actions on their respective ex-dates
Model Update | Banks
June 29, 2022
Ahli United
Bank
Bank
-
Currency
USD
-
Last Closing Price
1.01
-
Target Price
1.20
Deep value (stake ARNB 115% of MC), but limited catalysts to unlock value, as RoE remains low
Arqaam Capital price targets and estimates are automatically adjusted for corporate actions on their respective ex-dates
Model Update | Banks
June 29, 2022
Ahli United
Bank
Bank
-
Currency
USD
-
Last Closing Price
1.01
-
Target Price
1.20
Deep value (stake ARNB 115% of MC), but limited catalysts to unlock value, as RoE remains low
Arqaam Capital price targets and estimates are automatically adjusted for corporate actions on their respective ex-dates
Model Update | Banks
June 29, 2022
Ahli United
Bank
Bank
-
Currency
USD
-
Last Closing Price
1.01
-
Target Price
1.20
Deep value (stake ARNB 115% of MC), but limited catalysts to unlock value, as RoE remains low
Arqaam Capital price targets and estimates are automatically adjusted for corporate actions on their respective ex-dates
Model Update | Banks
June 29, 2022
Ahli United
Bank
Bank
-
Currency
USD
-
Last Closing Price
1.01
-
Target Price
1.20
Deep value (stake ARNB 115% of MC), but limited catalysts to unlock value, as RoE remains low
Arqaam Capital price targets and estimates are automatically adjusted for corporate actions on their respective ex-dates
Recent Research
Model Update | Banks
June 29, 2022
Ahli United
Bank
Bank
-
Currency
USD
-
Last Closing Price
1.01
-
Target Price
1.20
Deep value (stake ARNB 115% of MC), but limited catalysts to unlock value, as RoE remains low
Arqaam Capital price targets and estimates are automatically adjusted for corporate actions on their respective ex-dates
Model Update | Banks
June 29, 2022
Ahli United
Bank
Bank
-
Currency
USD
-
Last Closing Price
1.01
-
Target Price
1.20
Deep value (stake ARNB 115% of MC), but limited catalysts to unlock value, as RoE remains low
Arqaam Capital price targets and estimates are automatically adjusted for corporate actions on their respective ex-dates
Model Update | Banks
June 29, 2022
Ahli United
Bank
Bank
-
Currency
USD
-
Last Closing Price
1.01
-
Target Price
1.20
Deep value (stake ARNB 115% of MC), but limited catalysts to unlock value, as RoE remains low
Arqaam Capital price targets and estimates are automatically adjusted for corporate actions on their respective ex-dates
Model Update | Banks
June 29, 2022
Ahli United
Bank
Bank
-
Currency
USD
-
Last Closing Price
1.01
-
Target Price
1.20
Deep value (stake ARNB 115% of MC), but limited catalysts to unlock value, as RoE remains low
Arqaam Capital price targets and estimates are automatically adjusted for corporate actions on their respective ex-dates
Model Update | Banks
June 29, 2022
Ahli United
Bank
Bank
-
Currency
USD
-
Last Closing Price
1.01
-
Target Price
1.20
Deep value (stake ARNB 115% of MC), but limited catalysts to unlock value, as RoE remains low
Arqaam Capital price targets and estimates are automatically adjusted for corporate actions on their respective ex-dates
Model Update | Banks
June 29, 2022
Ahli United
Bank
Bank
-
Currency
USD
-
Last Closing Price
1.01
-
Target Price
1.20
Deep value (stake ARNB 115% of MC), but limited catalysts to unlock value, as RoE remains low
Arqaam Capital price targets and estimates are automatically adjusted for corporate actions on their respective ex-dates
Model Update | Banks
June 29, 2022
Ahli United
Bank
Bank
-
Currency
USD
-
Last Closing Price
1.01
-
Target Price
1.20
Deep value (stake ARNB 115% of MC), but limited catalysts to unlock value, as RoE remains low
Arqaam Capital price targets and estimates are automatically adjusted for corporate actions on their respective ex-dates
Model Update | Banks
June 29, 2022
Ahli United
Bank
Bank
-
Currency
USD
-
Last Closing Price
1.01
-
Target Price
1.20
Deep value (stake ARNB 115% of MC), but limited catalysts to unlock value, as RoE remains low
Arqaam Capital price targets and estimates are automatically adjusted for corporate actions on their respective ex-dates
Analyst
Jaap Meijer, MBA, CFA
Managing Director, Head of Research, Chief Strategist, Chief Economist, Head of
FIG
Jaap Meijer, MBA, CFA
Managing Director, Head of Research, Chief Strategist, Chief Economist, Head of
FIG
Jaap Meijer, MBA, CFA
Managing Director, Head of Research, Chief Strategist, Chief Economist, Head of
FIG
| Company | CMP (LC) | Mcap ($mn) | Target price (LC) | ADTV 3m | Latest update | Rating | P/E (Fwd) (x) | P/B (Curr) (x) | ROE (Fwd) (%) | Div (yld) (%) |
|---|---|---|---|---|---|---|---|---|---|---|
| Elsewedy Electric | 8.2 | 1,137 | 17.0 | 28.0 | 30-Sep-2020 | BUY | 4.7 | 1.2 | 32.7 | 9.8 |
| Integrated Holding Company | 357.0 | 257 | 576.3 | 166.0 | 24-Aug-2020 | BUY | 4,556.8 | 1,327.5 | 22.5 | 0.0 |
| RAK Ceramics | 1.40 | 379 | 2.2 | 1.0 | 04-Nov-2020 | BUY | 5.7 | 0.5 | 9.0 | 10.7 |
Arqaam Capital price targets and estimates are automatically adjusted for corporate actions on their respective ex-dates