Osool & Bakheet issues Q3 2020 earnings forecasts for Saudi banks, firms
07/10/2020 Argaam Special
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Osool and Bakheet Investment Co. released Q3 2020 earnings forecasts for some Saudi banks and firms under its coverage, including Saudi Basic Industries Corporation (SABIC), Al Rajhi Bank and Saudi Telecom Co. (STC).
SABIC is expected to post a 49% profit rise year-on-year (YoY) to SAR 1 billion in Q3 2020.
Al Rajhi Bank’s earnings are seen down 8% YoY to SAR 2.6 billion in Q3 2020.