‎SNB Cap issues Q3 2022 estimates for Saudi banks, firms under coverage

‎SNB Cap issues Q3 2022 estimates for Saudi banks, firms under coverage

SNB Capital issued Q3 2022 earnings forecasts for many Tadawul-listed banks and firms under its coverage, led by Saudi Aramco, Saudi Basic Industries Corp. (SABIC), Al Rajhi Bank and Saudi Electricity Co. (SEC).

Saudi Aramco is predicted to post net earnings of SAR 151.9 billion for the third quarter of 2022. Al Rajhi Bank’s net profit is expected to leap 16% year-on-year (YoY) to SAR 4.4 billion.

Below is a list of SNB Capital’s Q3 2022 estimates for banks and firms under its coverage:

*Different fiscal year

**Profit before profit attributable to Mudaraba Instrument