62 Saudi Exchange companies in Altman's distress band
An Altman Z-Score below 1.8, which is the band Altman called distress, computed from filed statements.
Stocks · Non-US shares · Saudi Exchange (SAU) · Ranked by Altman Z-Score in ratio, largest company first · Rebuilt 2026-11-07 at 12:25 UTC
How this list is built
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against total assets, from the newest filed statements. Where the filer raised going concern itself, that sentence is shown with its filing. The score classifies and does not rank: Altman published two cut-offs and no ordering below the lower one, so the list is ordered by size, largest company first. The screen: companies listed on Saudi Exchange, graded A or B for the quality of what they report; a median daily traded value of at least 250,000 US dollars over 90 sessions, stated in each listing's own currency, so a company nobody can trade is never on the list; and no positive price to earnings under 1, which no real company earns, and no close sitting the whole of its own 52-week high below that high, which no listing that still trades can do. 225 companies passed tonight. Each market is ranked on its own and never added to another. Figures as recomputed on 2026-11-07.
The list
50 of 62 companies| # | Company | Market | Sector | Altman Z-Score, in ratioAltman Z | Current ratio, in ratioCurrent ratio | Tangible equity ratio, in ratioTangible equity ratio | Operating margin, in percentOperating margin | Altman Z-Score over timeAltman Z over time | Source |
|---|---|---|---|---|---|---|---|---|---|
| 1 | SAU:5110Saudi Electricity Company | SAU | Utilities | 0.31 | 0.42 | 0.13 | 18.4% | n/a | Source n/a |
| 2 | SAU:2380Rabigh Refining and Petrochemical Company | SAU | Energy | 0.27 | 0.40 | 0.22 | -7.3% | n/a | Source n/a |
| 3 | SAU:4300Dar Al Arkan Real Estate Development Company | SAU | Real Estate | 1.41 | 3.95 | 0.53 | 40.7% | n/a | Source n/a |
| 4 | SAU:2382Ades Holding Co. | SAU | Energy | 1.02 | 1.08 | 0.22 | 29.6% | n/a | Source n/a |
| 5 | SAU:4250Jabal Omar Development Company | SAU | Consumer Cyclical | 1.24 | 1.37 | 0.56 | 24.2% | n/a | Source n/a |
| 6 | SAU:2083The Power and Water Utility Company for Jubail and Yanbu | SAU | Utilities | 1.09 | 1.12 | 0.25 | 17.1% | n/a | Source n/a |
| 7 | SAU:2310Sahara International Petrochemical Company | SAU | Basic Materials | 1.31 | 1.38 | 0.65 | -7.8% | n/a | Source n/a |
| 8 | SAU:7030Mobile Telecommunications Company Saudi Arabia | SAU | Communication Services | 0.63 | 0.57 | -0.20 | 11.6% | n/a | Source n/a |
| 9 | SAU:2350Saudi Kayan Petrochemical Company | SAU | Basic Materials | 0.01 | 0.85 | 0.40 | -20.0% | n/a | Source n/a |
| 10 | SAU:4310Knowledge Economic City Company | SAU | Real Estate | 1.59 | 5.04 | 0.52 | -7.8% | n/a | Source n/a |
| 11 | SAU:4264Flynas Co. | SAU | Industrials | 0.85 | 1.20 | 0.10 | -0.3% | n/a | Source n/a |
| 12 | SAU:2330Advanced Petrochemical Company | SAU | Basic Materials | 0.60 | 0.45 | 0.21 | 13.6% | n/a | Source n/a |
| 13 | SAU:4004Dallah Healthcare Company | SAU | Healthcare | 1.65 | 1.24 | 0.40 | 13.7% | n/a | Source n/a |
| 14 | SAU:4321Arabian Centres Company | SAU | Real Estate | 0.75 | 1.42 | 0.42 | 54.1% | n/a | Source n/a |
| 15 | SAU:4072MBC Group Co. | SAU | Communication Services | 1.62 | 1.64 | 0.53 | -17.4% | n/a | Source n/a |
| 16 | SAU:4020Saudi Real Estate Company | SAU | Real Estate | 1.46 | 2.46 | 0.56 | 31.8% | n/a | Source n/a |
| 17 | SAU:2060National Industrialization Company | SAU | Basic Materials | 0.34 | 0.79 | 0.37 | -13.7% | n/a | Source n/a |
| 18 | SAU:3020YAMAMA Cement Company | SAU | Basic Materials | 1.71 | 1.38 | 0.66 | 29.7% | n/a | Source n/a |
| 19 | SAU:1830Leejam Sports Company | SAU | Consumer Cyclical | 1.69 | 0.32 | 0.30 | 26.6% | n/a | Source n/a |
| 20 | SAU:4210Saudi Research and Media Group | SAU | Communication Services | 1.13 | 0.90 | 0.08 | -11.8% | n/a | Source n/a |
| 21 | SAU:4220Emaar The Economic City | SAU | Real Estate | 0.51 | 3.31 | 0.60 | 2.8% | n/a | Source n/a |
| 22 | SAU:4322Retal Urban Development Company | SAU | Real Estate | 1.37 | 1.23 | 0.17 | 16.6% | n/a | Source n/a |
| 23 | SAU:2070Saudi Pharmaceutical Industries and Medical Appliances Corporation | SAU | Healthcare | 1.40 | 1.28 | 0.35 | 13.3% | n/a | Source n/a |
| 24 | SAU:2190Sustained Infrastructure Holding Company | SAU | Industrials | 1.11 | 1.56 | -0.96 | 26.9% | n/a | Source n/a |
| 25 | SAU:4071Arabian Contracting Services Company | SAU | Communication Services | 0.70 | 0.70 | 0.11 | 27.8% | n/a | Source n/a |
| 26 | SAU:4040Saudi Public Transport Company | SAU | Industrials | 0.87 | 1.07 | 0.10 | 3.3% | n/a | Source n/a |
| 27 | SAU:3050Southern Province Cement Co. | SAU | Basic Materials | 1.44 | 2.77 | 0.64 | -4.5% | n/a | Source n/a |
| 28 | SAU:4009Middle East Healthcare Company | SAU | Healthcare | 1.52 | 1.55 | 0.34 | 12.6% | n/a | Source n/a |
| 29 | SAU:2240Advanced Building Industries Co. | SAU | Basic Materials | 1.38 | 1.01 | 0.09 | 4.3% | n/a | Source n/a |
| 30 | SAU:2084Miahona Co. | SAU | Utilities | 1.75 | 1.56 | 0.10 | 14.8% | n/a | Source n/a |
| 31 | SAU:4326Dar Al Majed Real Estate Company | SAU | Real Estate | 1.57 | 1.38 | 0.34 | 26.7% | n/a | Source n/a |
| 32 | SAU:4240AFG International Company | SAU | Consumer Cyclical | 0.33 | 0.40 | -0.54 | 2.6% | n/a | Source n/a |
| 33 | SAU:1202Middle East Paper Co. | SAU | Basic Materials | 1.59 | 1.67 | 0.61 | 3.5% | n/a | Source n/a |
| 34 | SAU:4292Ataa Educational Company | SAU | Consumer Defensive | 1.23 | 0.84 | 0.17 | 24.2% | n/a | Source n/a |
| 35 | SAU:4323Sumou Real Estate Company | SAU | Real Estate | 1.60 | 1.34 | 0.45 | 25.1% | n/a | Source n/a |
| 36 | SAU:3004Northern Region Cement Company | SAU | Basic Materials | 0.84 | 0.91 | 0.54 | 17.3% | n/a | Source n/a |
| 37 | SAU:4262Lumi Rental Company | SAU | Industrials | 1.27 | 0.53 | 0.41 | 16.5% | n/a | Source n/a |
| 38 | SAU:2110Saudi Cable Company | SAU | Industrials | -0.98 | 0.25 | -0.25 | -64.1% | n/a | Source n/a |
| 39 | SAU:2281Tanmiah Food Company | SAU | Consumer Defensive | 1.33 | 1.08 | 0.19 | 3.0% | n/a | Source n/a |
| 40 | SAU:6018Sport Clubs Company | SAU | Consumer Cyclical | 1.46 | 0.44 | 0.28 | 21.1% | n/a | Source n/a |
| 41 | SAU:4080Sinad Holding Company | SAU | Industrials | 1.45 | 1.03 | 0.41 | 5.9% | n/a | Source n/a |
| 42 | SAU:6002Herfy Food Services Company | SAU | Consumer Cyclical | 1.58 | 1.16 | 0.54 | -0.8% | n/a | Source n/a |
| 43 | SAU:4290Al Khaleej Training and Education Company | SAU | Consumer Defensive | 0.94 | 1.18 | 0.19 | 5.2% | n/a | Source n/a |
| 44 | SAU:4265Cherry Trading Co. | SAU | Industrials | 1.06 | 1.12 | 0.33 | 25.3% | n/a | Source n/a |
| 45 | SAU:2287Arabian Company for Agricultural and Industrial Investment | SAU | Consumer Defensive | 0.84 | 0.81 | 0.19 | -5.5% | n/a | Source n/a |
| 46 | SAU:4230Red Sea International Company | SAU | Real Estate | 1.28 | 1.10 | 0.01 | 2.5% | n/a | Source n/a |
| 47 | SAU:1214Al Hassan Ghazi Ibrahim Shaker Company | SAU | Industrials | 1.60 | 1.15 | 0.47 | 6.1% | n/a | Source n/a |
| 48 | SAU:4008Saudi Company for Hardware | SAU | Consumer Cyclical | 1.68 | 1.38 | 0.32 | 0.7% | n/a | Source n/a |
| 49 | SAU:1820BAAN Holding Group Company | SAU | Consumer Cyclical | -0.09 | 0.35 | -0.01 | -8.8% | n/a | Source n/a |
| 50 | SAU:4011L'azurde Company for Jewelry | SAU | Consumer Cyclical | 1.34 | 1.04 | 0.05 | 0.3% | n/a | Source n/a |
This is the top of the list. The rest is a page away and no plan is needed for it.
Filed figures cite the filing they come from; figures marked Market data are quotes as of the date shown. Not a recommendation and not advice.
Past figures are not a forecast. Anything we modelled is labelled as ours. You can lose money on any security.