Al Rajhi Capital issues Q4 2022 profit forecasts for Saudi-listed companies
- Date: 05-Jan-2023
- Source: Argaam
- Sector:Financial Markets
- Country:Saudi Arabia
Al Rajhi Capital issues Q4 2022 profit forecasts for Saudi-listed companies
Al Rajhi Capital issued Q4 2022 earnings forecasts for the Saudi-listed companies under its coverage.
Saudi Arabian Oil Co. (Saudi Aramco) is expected to post a leap of 25% year-on-year (YoY) in Q4 2022 net profit to SAR 146.2 billion. Saudi Basic Industries Corp. (SABIC) is projected to post a 65% fall YoY in net earnings to SAR 65 billion during the three-month period.
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