AlJazira Capital issues Q1 2022 profit forecasts for Saudi banks, firms
- Date: 06-Apr-2022
- Source: Argaam
- Sector:Financial Markets
- Country:Saudi Arabia
AlJazira Capital issues Q1 2022 profit forecasts for Saudi banks, firms
AlJazira Capital published its Q1 2022 earnings forecasts for the Tadawul-listed banks and firms under its coverage, including Al Rajhi Bank and Saudi Basic Industries Corp. (SABIC).
SABIC is expected to post net profit of SAR 6.95 billion in Q1 2022, while Al Rajhi Bank’s earnings are projected to rise 25% year-on-year (YoY) to SAR 4.2 billion.
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