- Naranj Research Desk
Saudi Chemical Holding Company, founded in 1972 and headquartered in Riyadh, Saudi Arabia, is a diversified enterprise operating both locally and internationally. The company is active across three main segments: Explosives, Pharmaceuticals and Medical Supplies, and Ammonium Nitrate Production. It manufactures and supplies explosives for civil and military use, along with offering technical support for controlled explosions. In the healthcare sector, the company is engaged in the manufacture, wholesale, and retail of medicines, medical equipment, syrups, and surgical tools, as well as the supply of hospital and medical center essentials. It also produces ammonium nitrate for industrial purposes. Additionally, Saudi Chemical is involved in the trade of cosmetics, perfumes, beauty soaps, and related products, and provides packaging and storage services for pharmaceutical goods.
CHEMICAL — TASI —
The K (Blue) line has crossed the D (Orange) line from the below, generates bullish signal.
MACD line has just crossed the signal line from the below, generates bullish signal.
Based on our Saudi stocks trading calls, Saudi Chemical stock price target will be SAR 7.7 - SAR 7.8 in the next 14-15 trading sessions.