Brokers & Research Providers

Research providers covering GCC-listed companies. Consensus ratings aggregate analyst views on target prices and buy/hold/sell recommendations.

Stocks Covered

327

Buy

184

Hold

123

Sell

20

Avg Analysts/Stock

4.8

Research Providers

Yahoo Finance

US

Aggregator

Yahoo Finance aggregates analyst consensus data from multiple brokerages worldwide. Their consensus ratings and price targets reflect the combined views of international analysts covering GCC-listed stocks.

327 stocks covered

Al Rajhi Capital

SA

Local

Research arm of Al Rajhi Bank, Saudi Arabia's largest Islamic bank. Covers 50+ TDWL stocks. Major research house for Saudi equities.

327 stocks covered

SNB Capital

SA

Local

Investment arm of Saudi National Bank (formerly NCB Capital). Largest Saudi asset manager. Extensive TDWL coverage.

327 stocks covered

Riyad Capital

SA

Local

Research arm of Riyad Bank. Covers major Saudi sectors including banking, petrochemicals, and telecoms.

327 stocks covered

AlJazira Capital

SA

Local

Investment arm of Bank AlJazira. Publishes earnings previews, sector reports, and company initiations for TDWL stocks.

327 stocks covered

Derayah Financial

SA

Aggregator

Saudi independent broker. Publishes detailed initiations and target price updates for mid/small-cap Saudi stocks.

327 stocks covered

Saudi Fransi Capital

SA

Local

Research arm of Banque Saudi Fransi. Covers Saudi banking and industrial sectors.

327 stocks covered

Alinma Capital

SA

Local

Investment arm of Alinma Bank. Saudi Islamic bank research.

327 stocks covered

Jadwa Investment

SA

Aggregator

Leading Saudi independent investment firm. Publishes macro research, sector reports, and IPO analysis.

327 stocks covered

Yaqeen Capital

SA

Aggregator

Saudi independent broker providing equity research and brokerage services.

327 stocks covered

GIB Capital

SA

Local

Investment arm of Gulf International Bank. Cross-GCC research coverage.

327 stocks covered

BSF Capital

SA

Local

Research arm of Banque Saudi Fransi / BSF. Covers Saudi equities.

327 stocks covered

United Securities

OM

Global

Omani brokerage (United Securities LLC). Covers TDWL and MSX stocks. Active Argaam contributor.

327 stocks covered

Ubhar Capital

OM

Global

Omani investment bank. Publishes research on GCC equities including Saudi, Oman, and UAE stocks.

327 stocks covered

EFG Hermes

EG

Global

Largest investment bank in MENA. Covers 200+ stocks across GCC, Egypt, and frontier markets. Premium research.

327 stocks covered

Arqaam Capital

AE

Global

Dubai-based independent research house. Specialist in GCC equity research across all exchanges.

327 stocks covered

FAB Securities

AE

Global

Research arm of First Abu Dhabi Bank, UAE's largest bank. Covers UAE and broader GCC stocks.

327 stocks covered

Emirates NBD Capital

AE

Global

Investment arm of Emirates NBD. UAE banking and real estate sector focus.

327 stocks covered

Kamco Invest

KW

Global

Kuwait-based investment company. Publishes GCC equity research with strong Kuwait and Saudi coverage.

327 stocks covered

SICO Capital

BH

Global

Bahrain-based regional broker. Covers GCC equities with focus on banking and petrochemicals.

327 stocks covered

CI Capital

EG

Global

Egyptian investment bank. Covers Egypt and broader MENA including Saudi and UAE.

327 stocks covered

QNB Capital

QA

Global

Research arm of Qatar National Bank, largest bank in MENA by assets. Covers Qatar and GCC stocks.

327 stocks covered

Markaz (Kuwait Financial Centre)

KW

Global

Kuwait-based asset manager. Publishes MENA equity research and strategy reports.

327 stocks covered

HSBC

GB

Global

Global bank with dedicated GCC equity research team. Covers major Saudi and UAE banks, telecom, and petrochemicals.

327 stocks covered

Morgan Stanley

US

Global

Global investment bank. Covers large-cap Saudi and UAE stocks including Aramco, Al Rajhi, Emaar.

327 stocks covered

Jefferies

US

Global

US investment bank with growing GCC coverage. Initiated coverage on several Saudi banks in 2025-2026.

327 stocks covered

Goldman Sachs

US

Global

Global investment bank. Selective coverage of Saudi large-caps.

327 stocks covered

J.P. Morgan

US

Global

Global investment bank. Saudi equity research team covers banks, petrochemicals, and consumer.

327 stocks covered

Bank of America

US

Global

Global bank (Merrill Lynch KSA). Covers Saudi large and mid-cap stocks.

327 stocks covered

Citigroup

US

Global

Global bank. Saudi and UAE equity coverage focused on banks and energy.

327 stocks covered

Deutsche Bank

DE

Global

German global bank. Selective GCC equity coverage.

327 stocks covered

UBS

CH

Global

Swiss global bank (absorbed Credit Suisse Saudi Arabia). GCC equity research.

327 stocks covered

Barclays

GB

Global

UK global bank. Selective Saudi and UAE coverage.

327 stocks covered

Exchange Member Firms

Licensed trading members and broker-dealers on GCC exchanges. See Broker Flow Intelligence for trading activity data.

TDWL (34 members)

BrokerType
Al Nefaie Investment GroupIndependent
Al Rajhi CapitalBank
Al-Khair Capital Saudi ArabiaIndependent
AlBilad Investment Co.Bank
Alinma CapitalBank
Alistithmar For Financial Securities and Brokerage CompanyBank
AlJazira Capital CompanyBank
AlKhabeer CapitalIndependent
ANB CapitalBank
Arbah CapitalIndependent
Awaed Alosool CapitalIndependent
CitiGroup Saudi ArabiaInternational
Credit Suisse Saudi ArabiaInternational
Derayah Financial CompanyIndependent
Deutsche Securities Saudi ArabiaInternational
Dinar Investment CompanyIndependent
EFG_Hermes KSAInternational
Emirates NBD Capital KSA LLCInternational
GIB Capital LLCBank
Goldman Sachs Saudi ArabiaInternational
HSBC Saudi ArabiaInternational
J.P. Morgan Saudi Arabia LimitedInternational
Jadwa InvestmentIndependent
Merrill Lynch KSA CompanyInternational
Morgan Stanley Saudi Arabia CompanyInternational
Musharaka CapitalIndependent
Osool & Bakheet Investment CompanyIndependent
Riyad CapitalBank
SAB InvestBank
Sahm Capital Financial CompanyIndependent
Saudi Fransi CapitalBank
SICO Capital CompanyIndependent
SNB CapitalBank
Yaqeen CapitalIndependent

This analysis is based on available data and disclosed methodology. Our models estimate outcomes using specific inputs and assumptions — the methodology is described on this page. Observations may not account for all relevant factors. This content is provided for educational and informational purposes only.

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