Riyad Capital issues Q1 2022 earnings forecast for Saudi banks, firms
- Date: 07-Apr-2022
- Source: Argaam
- Sector:Financial Markets
- Country:Saudi Arabia
Riyad Capital issues Q1 2022 earnings forecast for Saudi banks, firms
Riyad Capital published its Q1 2022 earnings forecast for several Tadawul-listed banks and firms under its coverage.
Saudi Basic Industries Corporation’s (SABIC) profit is expected to rise year-on-year (YoY) to SAR 5.3 billion in Q1 2022. In the banking sector, Al Rajhi Bank is likely to post a 27% profit increase YoY to SAR 4.2 billion.
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