Riyadh – Mubasher: The banks and petrochemicals sectors acquired 72.2% of the total net profit of companies listed on the Saudi Stock Exchange (Tadawul), according to a report by Aljazira Capital.
The contribution of Saudi Basic Industries Company (SAPIC) and the National Commercial Bank (NCB) in total net profit reached 15.5% and 12% respectively.
Total net profit of listed companies declined in the first quarter of fiscal 2016 by 2.1% to SAR 22 billion, versus SAR 22.5 billion in Q1-15.
