Riyadh – Mubasher: NCB Capital announced its estimates for the profits of 41 Saudi-listed companies for the third quarter of 2016.
The companies’ profits are expected to retreat 8% to SAR 21 billion ($5. 6 billion) in Q3-16, compared to SAR 22.8 billion ($6.08 billion) in the same period of the previous year.
The investment company expected that SABIC’s profits would fall 9.3% to SAR 5.08 billion in Q3 compared to SAR 5.6 billion achieved in the same quarter of 2015.
Al Rajhi Bank’s profits are likely to increase 10.6% to SAR 1.9 billion in Q3-16 from SAR 1.72 billion in Q3-15, according to NCB Capital
Saudi Electricity Company's (SEC) profits are expected to hike 35% to SAR 1.9 billion, while Saudi Telecom Company (STC) is likely to achieve SAR 1.76 billion, with 24% decrease.
