Osool & Bakheet issues Q4 estimates; SABIC seen 20% up
Osool and Bakheet Investment Co. has issued Q4 2017 earnings estimates for several Tadawul-listed companies under its coverage.
Saudi Basic Industries Corp. (SABIC) is expected to report a year-on-year (YoY) profit increase of 20 percent to SAR 5.45 billion in Q4.
In the banking sector, Al Rajhi Bank's fourth-quarter net profit is likely to jump 17 percent YoY. Riyad Bank and Banque Saudi Fransi are projected to record the biggest profit growth at 190 percent and 158 percent YoY, respectively.