February 9, 2025
Saudi listed firms’ net profit soars 32% as energy, banking sectors shine

article author: Nirmal NarayananWed, 2022-11-23 16:07
RIYADH: Energy firms and banks helped fuel a 32 percent year-on-year rise in aggregate profits for listed companies in Saudi Arabia in the third quarter of 2022, according to a report released by Kamco Invest.

The analysis noted that net profits hit $51.9 billion in the three months to the end of September — up from $39.3 billion in the same period of 2021.Main category: Business &amp…
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