KSA public equity analyst

Purpose of the role

Cover the 40+ Tadawul stock portfolio and 50+ large-cap watchlist, conducting fundamental analysis, earnings tracking, and sector research across Saudi Arabia’s public equity market. Two analysts split coverage: Analyst 1 covers banking (40% of Tadawul market cap) and financial services; Analyst 2 covers materials, industrials, telecoms, healthcare, and consumer sectors. Both analysts use the AI Lab’s automated DuPont analysis, screening tools, and earnings tracking capabilities.

Key responsibilities

• Maintain fundamental coverage models (DCF, relative valuation, DuPont decomposition) for 20–25 Tadawul stocks each, updated quarterly with reported financials.
• Track quarterly earnings releases for all covered stocks: actual vs consensus analysis, guidance changes, and material developments.
• Produce IC memoranda for buy/sell/hold recommendations on individual stocks, supported by AI Lab quantitative analytics.
• Use AI Lab automated DuPont analysis to identify margin drivers, asset efficiency changes, and leverage shifts across the portfolio and watchlist.
• Monitor CMA regulatory announcements, corporate actions, rights issues, and IPO pipeline relevant to covered sectors.
• Track local and international broker research for covered stocks: synthesise consensus views and identify contrarian opportunities.
• Analyse Saudi macroeconomic data (oil prices, government spending, non-oil GDP, consumer confidence) and assess impact on covered sectors.
• Maintain the KSA equity knowledge base: all company reports, broker research, CMA filings, and analyst models ingested into the Document Intelligence Engine.
• Contribute to the quarterly KSA equity heat map dashboard showing sector performance, DuPont metrics, and relative valuation across the Tadawul universe.

Qualifications and experience

• 3–5 years of equity research or buy-side equity analysis experience, preferably covering MENA/GCC markets.
• Strong fundamental analysis skills: DCF modelling, relative valuation, and financial statement analysis.
• Deep understanding of the Saudi economy: Vision 2030 initiatives, sector dynamics, regulatory environment, CMA regulations.
• Proficiency in Excel and financial databases (Capital IQ, Bloomberg, Tadawul data feeds).
• CFA Level II+ or equivalent qualification preferred.
• Bachelor’s or Master’s degree in finance, economics, or accounting.
• The ability to read and interpret Arabic-language financial statements and regulatory filings is a strong advantage.