Riyadh – Mubasher: Albilad Capital announced its estimates for the profits of 28 Saudi-listed companies for the fourth quarter of 2016.
The companies are expected to achieve SAR 13.2 billion profits in Q4, compared to SAR 11 billion in the year-ago period, with a 20.2% growth.
Al Rajhi Bank is expected to post 7% higher profits of SAR 2.09 billion in Q4-16.
The Saudi Telecom Company (STC) is likely to achieve a 2.4% increase in profits in Q4-16 to SAR 1.9 billion, according to Albilad Capital.
Albilad Capital expected SABIC profits to surge 74.63% year-on-year to SAR 5.37 billion in Q4-16 to acquire 40.6% of total companies' profits.
