Business Services Industry
SICO research: Saudi Telecom Company continues to expand.
Middle East and North Africa Business Report, August, 2007
Aug. 15--Securities & Investment Company (SICO) has released an extensive report initiating coverage of Saudi Telecom Company (STC), listed on the Saudi Exchange (Tadawul), with a Buy rating with a target price of SR76.35 per share.
The 37-page report aims to provide investors with a better understanding of the company and its future prospects against the backdrop of the region's burgeoning telecommunications sector. The report is part of SICO's aim at providing investors with in-depth information and analysis of leading companies in the GCC, in order to make better investment decisions.
The report, which has been disseminated by SICO's research department to SICO customers, includes highlights of the region's telecommunications sector and STC's...
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