Riyadh – Mubasher: Alistithmar Capital announced its estimates for the profits of 33 Saudi-listed companies for the fourth quarter of 2016.
The companies are expected to achieve SAR 19.9 billion ($5.3 billion) profits in Q4 compared to SAR 18.45 billion ($4.92 billion) in the year-ago period, with a 7.84% increase.
SABIC is likely to achieve a 28.6% growth in profits in Q4-16 to SAR 3.95 billion, compared to SAR 3.08 billion in Q4-15.
Al Rajhi Bank is expected to post SAR 2.03 billion profits in Q4-16 compared to SAR 1.95 billion in Q4-15.
Alistithmar Capital expected that Saudi Telecom Company’s (STC) to rise 7.2% year-on-year SAR 2.09 billion in Q4-16 compared to SAR 1.95 billion.
National Commercial Bank (NCB) is expected to retreat 7.87% to SAR 2 billion in Q4-16 from 2.17 billion in the same period of the previous year.
