‎Al Rajhi Capital issues Q3 2022 profit forecasts for Saudi-listed companies

‎Al Rajhi Capital issues Q3 2022 profit forecasts for Saudi-listed companies

Al Rajhi Capital issued Q3 2022 earnings forecasts for the Saudi-listed companies under its coverage.

Saudi Arabian Oil Co. (Saudi Aramco) is expected to post a leap of 41% year-on-year (YoY) in Q3 2022 net profit to SAR 154.14 billion. Saudi Basic Industries Corp. (SABIC) is projected to post a 6% rise YoY in net earnings to SAR 5.9 billion during the three-month period.