Top 10 Debt-Free Stocks in Saudi Arabia — Top 20 List

Of the 211 companies in Saudi Arabia on PositoAI, 26 report no debt (banks and lenders left out). First on the list is Saudi Ground Services Company (Positivity Score 25,164). 25 of them have lease obligations (offices, buildings and similar) but no borrowings; the rest have neither. None of the top 10 has an active red or yellow flag.

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#	Company	Score	Market Cap (INR Cr) / USD	P/E	P/B	Owes vs Owns	Leases	ROE	Div Yield	Flag	Sector
1	Saudi Ground Services Company4031	25,164	₹9,187SAR 3.63B	17.2	1.40	0.40×	SAR 170M	8.2%	5.41%	—	Industrials
2	Sumou Real Estate Company4323	25,026	₹2,765SAR 1.09B	7.6	1.36	0.56×	SAR 19M	19.6%	4.56%	—	Real Estate
3	Saudi Company for Hardware SACO4008	24,482	₹1,062SAR 419.52M	14.2	1.17	0.63×	SAR 277M	10.3%	1.80%	—	Consumer Cyclical
4	Arriyadh Development Co.4150	24,097	₹8,743SAR 3.45B	9.8	0.83	0.08×	SAR 50M	7.3%	3.48%	—	Real Estate
5	City Cement Company3003	23,451	₹3,445SAR 1.36B	15.9	0.75	0.05×	SAR 1M	4.7%	9.57%	—	Basic Materials
6	Saudia Dairy & Foodstuff Company2270	23,384	₹13,927SAR 5.50B	13.1	3.33	0.37×	SAR 70M	24.2%	8.02%	—	Consumer Defensive
7	Riyadh Cement Company3092	23,256	₹5,797SAR 2.29B	12.4	1.30	0.09×	SAR 2M	10.5%	7.78%	—	Basic Materials
8	SABIC Agri-Nutrients Company2020	23,242	₹1,34,041SAR 52.94B	13.6	2.50	0.16×	SAR 215M	—	6.41%	—	Basic Materials
9	United Wire Factories Company1301	23,227	₹1,066SAR 421.20M	22.4	1.14	0.27×	SAR 4M	5.1%	3.51%	—	Industrials
10	Yanbu National Petrochemical Company2290	23,129	₹43,927SAR 17.35B	60.5	1.66	0.21×	SAR 103M	—	6.80%	—	Basic Materials
Top 20
11	Fitaihi Holding Group4180	23,067	₹1,295SAR 511.50M	—	1.09	0.03×	SAR 2M	0.2%	1.45%	—	Consumer Cyclical
12	Almawarid Manpower Company1833	22,886	₹4,203SAR 1.66B	9.3	2.82	0.53×	SAR 61M	34.5%	4.07%	—	Industrials
13	Herfy Food Services Company6002	22,816	₹1,949SAR 769.69M	Loss	0.91	0.45×	SAR 457M	-6.9%	0	—	Consumer Cyclical
14	Jamjoom Pharmaceuticals Factory Company4015	22,477	₹21,447SAR 8.47B	17.6	4.51	0.20×	SAR 16M	27.0%	3.53%	—	Healthcare
15	East Pipes Integrated Company for Industry1321	22,438	₹12,124SAR 4.79B	7.9	3.06	0.21×	SAR 21M	43.5%	4.01%	—	Basic Materials
16	Darb Saudi Investment Company4130	22,069	₹967SAR 382.02M	58.3	1.64	0.11×	SAR 9M	3.1%	0	—	Industrials
17	Al-Saif Stores for Development & Investment Company4192	21,771	₹5,317SAR 2.10B	33.3	4.07	0.36×	SAR 199M	12.4%	1.50%	—	Consumer Cyclical
18	Naqi Water Company2282	21,717	₹3,058SAR 1.21B	302.0	4.22	0.07×	SAR 3M	1.4%	3.41%	—	Consumer Defensive
19	Thob Al Aseel Company4012	21,550	₹3,079SAR 1.22B	11.7	1.86	0.21×	SAR 33M	17.1%	7.46%	—	Consumer Cyclical
20	Nahdi Medical Company4164	21,230	₹28,672SAR 11.32B	14.4	4.51	0.63×	SAR 1,783M	30.3%	6.34%	—	Healthcare

Debt free in other groups · Saudi Arabia

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Questions

Which companies in Saudi Arabia have no debt?

The first five on PositoAI's list are Saudi Ground Services Company (25,164), Sumou Real Estate Company (25,026), Saudi Company for Hardware SACO (24,482), Arriyadh Development Co. (24,097), City Cement Company (23,451).

How many companies in Saudi Arabia report no debt?

26 of the 211 companies in Saudi Arabia on PositoAI report no debt (banks and lenders left out); this page shows the top 20.

How is this list made?

Are lease obligations counted as debt on this list?

No. Many companies rent offices, buildings or equipment on long leases, and accounts show those payments as lease obligations. This list counts only borrowings, so a company with leases but no loans is debt free here. Each company's lease amount is shown in the Leases column.

Companies whose latest annual balance sheet shows no borrowings, ordered by Positivity Score. Lease obligations (for offices, buildings and similar) are not counted as borrowing; they are shown in the Leases column. Banks and lenders are left out, because borrowing is part of their business. Score is the Positivity Score; Owes vs Owns is everything a company owes compared with everything it owns (what each figure means); ⚑ marks an active red or yellow flag. All top lists for Saudi Arabia. PositoAI is for research and education only and is not investment advice.