NCB Capital issues Q1 2020 earnings forecast for Saudi banks, firms
07/04/2020 Argaam Special
NCB Capital published its Q1 2020 earnings estimates for several Saudi-listed banks and firms under its coverage.
Saudi Basic Industries Corporation’s (SABIC) is expected to incur net losses of SAR 143 million for Q1 2020, while Al Rajhi Bank’s earnings is projected to grow 3% year-on-year (YoY) to SAR 2.66 billion.
Below is a list of NCB Capital’s estimates, as compiled by Argaam.