Top 3 activities in Saudi Arabia: Drive to the mall, walk in the mall and mall in the mall…
I won’t try to convince you, but this is more fun than it sounds.
There’s Billions on the table and we answered the most important question:
“How can we get a piece of that?”
📈The Stock: Arabian Centers (4321.SR)
They build and operate 22 Malls Across 10 cities.
This Made them larger than the top 3 biggest players combined!
So Size does matter! And has its benefits:
Powerful International Partnerships → 20 Year Deal with Westfield
Prime Locations→ Jawharat Al Khobar Mall (water front)
Non Stop Building → 6 Major Developments
In short: That mall you film tiktok’s in is probably theirs
💰Show me The Money
Metric | Value (SAR) |
Current Price/Share | 19.18 |
Current Market Cap (Billions) | 9.1 |
Net Liquidation Value (Billions) | 14.8 |
Dividend Yield(%) | 1.5 |
Fair Price/Share | 31.16 |
We are looking at an undervalued situation here.
And Remember several projects are due this year and income will explode.
Interest Rates are hurting real estate owners but these are bound to go down.
Arabian Centers are in a position where : ⬆️ Income and ⬇️Expense = ⬆️Cashflow
Now if you’ll excuse me, I have a mall to go to….
See You Next Sunday!