Bank Albilad’s Q2 2019 result meets forecasts: Riyad Bank

06/08/2019 Argaam

 

Bank Albilad’s second quarter net income before Zakat at SAR339 million came in-line with market consensus of SAR 330 million and Riyad Capital’s estimates of SAR 337 million.

 

Riyad Capital also said that it revised its forecast for the bank and given a lower rate environment going forward.

 

“Our target price declines from SAR 22 per share to SAR 20, and we downgraded to sell,” it said.

Riyad Capital - Bank Albilad

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