Close Navigation
2026 Saudi Equity Strategy –  A synchronization journey, revealing unique opportunities

2026 Saudi Equity Strategy –  A synchronization journey, revealing unique opportunities

Coming Up

Feb / 16 / 2026 - 9:00 am - EST

Nauman Khan , Iyad Ghulam
SNB Capital

Welcome 2026! In a rare divergence, emerging markets outperformed with remarkable strength and expanding valuations. Yet, Saudi Arabia stood as the notable exception. Despite its inspirational long-term vision and attractive valuation profile, the Saudi market lagged global peers, eroding its EM premium. Liquidity constraints and oil price volatility were widely blamed, triggering a broad-based de-rating. As we look ahead, 2026 emerges as a year of divergence—where euphoria collides with reality. The Saudi market continues to evolve alongside domestic reforms and valuation shifts. Currently trading slightly below long‑term averages and progressing through the third phase of Vision 2030, Saudi equities remain connected to broader global market dynamics. Beyond cyclical drivers, structural catalysts are gaining traction. The acceleration of infrastructure tied to World Cup 2034Expo 2030, and Asian Cup 2027, combined with AI ambitions and a growing tourism focus, offer compelling upside beyond 2026.

Disclosure: Interactive Brokers Third Party

Information posted on IBKR Campus that is provided by third-parties does NOT constitute a recommendation that you should contract for the services of that third party. Third-party participants who contribute to IBKR Campus are independent of Interactive Brokers and Interactive Brokers does not make any representations or warranties concerning the services offered, their past or future performance, or the accuracy of the information provided by the third party. Past performance is no guarantee of future results.

This material is from SNB Capital and is being posted with its permission. The views expressed in this material are solely those of the author and/or SNB Capital and Interactive Brokers is not endorsing or recommending any investment or trading discussed in the material. This material is not and should not be construed as an offer to buy or sell any security. It should not be construed as research or investment advice or a recommendation to buy, sell or hold any security or commodity. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

IBKR Campus Newsletters

This website uses cookies to collect usage information in order to offer a better browsing experience. By browsing this site or by clicking on the "ACCEPT COOKIES" button you accept our Cookie Policy.