Aljazira Capital issues Q3 2020 profit forecasts for Saudi banks, firms
05/10/2020 Argaam Special
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Aljazira Capital published its Q3 2020 earnings forecasts for a number of Tadawul-listed banks and firms under its coverage, which were led by Al Rajhi Bank, SABIC, and STC.
Saudi Basic Industries Corporation (SABIC) is expected to post net profit of SAR 606 million in Q3 2020, while Al Rajhi Bank’s earnings are projected to drop 13% year-on-year (YoY) to SAR 2.47 billion.
Below is a list of Aljazira Capital’s estimates for Q3 2020 earnings of a numer of banks and firms under its coverage: