Riyadh – Mubasher: Albilad Capital announced its positive estimates for the profits of 28 Saudi-listed companies for the third quarter of 2016.
The companies’ profits are expected to grow 3.7% to SAR 14.1 billion in Q3-16, compared to SAR 13.6 billion in the same period of the previous year.
SABIC came on top in terms of profits’ volume, acquiring 41% of total profits of the 28 companies.
The investment company expected that SABIC’s profits would rise 3%, while it estimated for the Saudi Telecom Company’s (STC) profits to retreat 6.2%.
Al Rajhi Bank’s profits are likely to increase 22.2%, according to Albilad capital.
