Aljazira Capital issues Q4 earnings forecast for Saudi firms
Aljazira Capital on Sunday published its fourth quarter 2018 estimates for several Saudi companies and banks under its coverage.
Saudi Basic Industries Corporation’s (SABIC) net profit for Q4 is expected to reach SAR 5.1 billion, up 39 percent year-on-year (YoY). Blue chip Al Rajhi Bank’s earnings are expected to rise 7 percent YoY to SAR 2.62 billion.
Saudi Telecom Co. (STC) is projected to report a net profit of SAR 2.81 billion, a 6 percent YoY increase.
Below is a list of Aljazira Capital’s estimates, as compiled by Argaam.