Osool & Bakheet issues Q2 2024 earnings forecast
*Included settlement of the insurance claim for the Hail factory fire amounting to SAR 53 million.
Osool & Bakheet Investment Co. released Q2 2024 earnings forecasts for 46 Tadawul-listed banks and companies.
Al Rajhi Bank is expected to report profits of nearly SAR 4.6 billion, up 10% year-on-year (YoY). Meanwhile, petrochemical major Saudi Basic Industries Corp.’s (
SABIC) net profit is forecast to sink 54% YoY to SAR 537 million.
*Included settlement of the insurance claim for the Hail factory fire amounting to SAR 53 million.
**Excluding non-operating gains from selling Natpet Co.
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