Riyad Capital issues Q1 2023 earnings forecast for Saudi banks, firms
- Date: 09-Apr-2023
- Source: Argaam
- Sector:Financial Markets
- Country:Saudi Arabia
Riyad Capital issues Q1 2023 earnings forecast for Saudi banks, firms
Riyad Capital published its Q1 2023 earnings forecast for several Tadawul-listed banks and firms under its coverage.
Saudi Basic Industries Corporation’s (SABIC) profit is expected to fall 88% year-on-year (YoY) to SAR 768 million in Q1 2023. In the banking sector, Al Rajhi Bank is likely to post a 4% profit increase YoY to SAR 4.3 billion.
*SEC net losses after Mudaraba reached SAR 85 mln.
*Q1 2022 results unavailable.
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