2011-12-21 - AMEinfo.com | Saudi Arabia | Latest News - Saudi Arabia: Riyad Capital has it has raisd its recommendation on Zain KSA to 'Buy' from 'Hold' and reduced the target price to SR6.40. Zain KSA's accumulated losses reached 66% of paid-up capital and could reach the 75% limit over the next two quarters, resulting in mandated restructuring or delisting, Riyad Capital said in its report. Zain KSA share performance has been hindered by the proposed sale of Zain Kuwait's 25% stake and seemingly restrictive debt burden. Both of these hurdles may soon be put to rest, paving way for investors to shift focus on fundamentals. According to Riyad Capital, Zain KSA shares are deeply undervalued on a P/S multiple and do not reflect the on-going growth cycle.  

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