Alistithmar Capital expects growth to expand in the services sector this year— especially transport and insurance— because they are the least affected by the oil prices volatility as higher energy tariff.
The transportation sector is promising, and while it accounts for 2 percent of market capitalization, it contributes 2.9 percent of total market profits, the investment firm said.
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Alistithmar Capital’s Top Picks |
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Sector |
Top Picks |
Advantages |
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Bank |
Al Rajhi Bank – NCB – SABB |
Size of current deposits, diverse customer base & good loan management |
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Petrochemical |
Advanced Petrochemical |
Least affected by feedstock prices, stable growth rate, & high production efficiency |
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Telecommunication |
STC |
Strong market share & diverse investments |
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Cement |
Qassim Cement |
Own a 7.2% share of cement sector, stable growth & strategic location |
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Healthcare |
Dallah Healthcare – Al Hammadi |
Have a growth opportunities supported by government and high demand on health services |
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Insurance |
Bupa – Tawuniya |
Strong market share |
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Transportation |
Bahri |
Its important strategic transformation after the fleet merge in order to become the second largest maritime transport company in the world. |
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