‎SNB Cap issues Q4 2022 estimates for Saudi banks, firms under coverage

‎SNB Cap issues Q4 2022 estimates for Saudi banks, firms under coverage

SNB Capital issued Q4 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 146.6 billion for the fourth quarter of 2022. Al Rajhi Bank’s net profit is expected to leap 10% year-on-year (YoY) to SAR 4.4 billion.

Below is a list of SNB Capital’s Q4 2022 estimates for banks and firms under its coverage:

**Profit before profit attributable to Mudaraba Instrument

***listed on Nomu-Parallel Market

**** Aramco's revenue does not include other income and net income before minority interest