9
October
2024

Roemer Capital Initiated Coverage of Saudi Market


Roemer Capital has initiated its coverage of the Saudi market, starting with United Electronics Company (eXtra) and Jarir Marketing Company (Jarir). Both companies were selected for their leading roles in the Saudi consumer electronics sector, which is expected to benefit from overall robust consumption trends, a post-pandemic recovery, falling interest rates, and consolidation.

Saudi Arabia’s economic diversification and Vision 2030 plan have made it a hub of opportunity, drawing global investors and driving growth in non-oil sectors. Roemer Capital’s research initiatives focus on delivering high-quality analysis and investment perspectives across multiple regions and sectors. This expansion is aligned with the firm’s mission to provide comprehensive, actionable market intelligence and client-focused investment strategies, particularly in sectors where few others are present.

According to the report, eXtra is well-positioned to grow its market share in the high-margin home appliances segment and create value from additional opportunities, such as the Tas’heel IPO. Jarir, though facing challenges with its less diversified product mix, remains a key player, adapting to market conditions with initiatives aimed at its market share protection and preserving its steady dividend prospects.

“Saudi Arabia is at the forefront of an unprecedented social and economic transformation, offering significant investment opportunities across a wide array of sectors,” said Roemer Capital’s Head of Research Alex Kantarovich. “As part of our strategic focus, we aim to identify undervalued and underfollowed equities that can benefit from these structural changes. We believe the consumer electronics sector, especially eXtra, offers very attractive potential due to its innovative growth drivers and favorable market conditions,” he added.

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18
September
2024
Roemer Capital announces invitation to voluntary tender to certain holders of Ozon Holdings PLC ADS (ISIN: US69269L1044; Bloomberg: OZON US)