Saudi banks' Q4 2019 aggregate profit misses forecasts by 9%

Argaam Report
Last Updated Date (27/02/2020)

The aggregate net profit of Tadawul-listed banks stood at SAR 10.42 billion in Q4 2019, coming 9.2% below the average analysts’ estimates of SAR 11.48 billion, according to data compiled by Argaam.

 

Eight banks reported lower-than-expect

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