NCB Capital issues Q1 2021 earnings forecasts for Saudi companies, banks
07/04/2021 Argaam Special
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NCB Capital issued its Q1 2021 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 Electricity Co. (SEC).
SABIC is expected to post a profit of around SAR 3.75 billion in Q1 2021, while Al Rajhi Bank is forecast to report a 29% increase year-on-year (YoY) to SAR 3.07 billion in the same period.