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10-01-22
Al Rajhi Capital registers profit increase for October-December period
(MENAFN) According to Argaam, referring to a report by Al Rajhi Capital, Saudi Arabia’s main companies involving Aramco and Saudi Basic Industries Corp., or SABIC, are predicted to record a huge profit increase in the period from October till December of 2021, in comparison to the corresponding time span of the year that precedes it when the pandemic invaded the world.
The country’s largest oil company, Aramco that it worth SR7.13 trillion (USD1.9 trillion), is predicted to register SR125 billion (USD33.3) in revenues, jumping by 141 percent from the corresponding time span of the previous year.
SABIC’s revenue growth is predicted at 145 percent, increasing by SR5.5 billion (USD1.46), while that of its associate fertilizer producer SABIC Agri-Nutrients might hit as high as 802 percent.
MENAFN10012022000045013568ID1103512440
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