NCB Capital issues Q3 2020 earnings forecasts for Saudi companies, banks
06/10/2020 Argaam Special
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NCB Capital issued its Q3 2020 earnings forecasts for a number of Saudi-listed companies and banks under its coverage, including Saudi Basic Industries Corporation (SABIC), Al Rajhi Bank and Saudi Telecom Co (STC).
SABIC is expected to post a profit of around SAR 818 million in Q3 2020, while Al Rajhi Bank is forecast to report a 16% earnings drop year-on-year (YoY) to SAR 2.39 billion in the same period.