Saudi banks benefit from Aramco IPO fees shortly

Al Rajhi: Saudi banks benefit from Aramco IPO fees shortly

“The Saudi banks would benefit from Aramco’s IPO fees shortly,” Mazen Al-Sudairy, head of research at Al Rajhi Capital, predicted. “The main point is that in the near term there will be profits of up to SAR369mn, and a year from now, they will be negative by about SAR333mn,” Al-Sudairy added. Al-Sudairy pointed out that...

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