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Ubhar Capital said that BinDawood Holding Co. reported a net profit of SAR 109 million in Q4 2025, largely in line with its estimate of SAR 104 million.
The brokerage added that the fourth quarter revenue growth also met its expectations, driven by the addition of nine new retail stores, the full consolidation of stores opened in 2024, the launch of standalone and integrated pharmacies, and improved contributions from its subsidiaries.
Moreover, BinDawood Holding is poised to benefit further in 2026 as the acquired businesses from 2025 mature, supported by its existing retail operations.
Ubhar Capital maintained a “Buy” recommendation on the stock, keeping its target price (TP) at SAR 5.2 per share.
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