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In a commentary on STC Group’s Q1 results

In a report recently issued by Al Rajhi Capital, it states STC demonstrated clear improvement, development and growth of its operations compared to the first half of 2010.  The report also mentioned that operations during the first quarter of this year have been very encouraging and that the positive growth of revenues from international operations reflects its continuous expansion in international markets facilitated by the Company’s strong financial position.

Al Rajhi Capital rated the Company with an overweight rating and determined the target price at SR 43.6 representing an increase of 20% compared to the price when the report was issued.

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