Osool & Bakheet forecasts Q4 earnings of 46 Saudi firms

Riyadh-Mubasher: Osool & Bakheet Investment Co. (OBIC) has issued a report, in which it forecasted Q4-15 earnings of 46 Saudi listed companies.

The earnings of National Commercial Bank (NCB) will likely fall by 1.7% year-on-year, while those of Al-Rajhi Bank and Samba would rise by 11.6% and 3.7%, respectively.

Meanwhile, Q4 profits of SABIC and Safco are seen falling 0.4% and 26.3% y/y, respectively.

Saudi Telecom's fourth-quarter earnings would rise by 4.3% y/y, while Mobily would generate earnings of SAR 125.1 million against losses in the previous quarter and same quarter of 2014.

 

Mubasher Contribution Time: 24-Dec-2015 11:43 (GMT)