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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

Al-Rajhi Capital predicts Saudi oil revenues to touch $145.3bn at the end of 2021

Al Rajhi Bank was one of the 10 banks analyzed by Alvarez & Marsal.
  • The bank's estimate for non-oil revenue is at $101bln
  • The assessment was made on the Saudi budget forecast released on Thursday

Al-Rajhi Capital believes that Saudi oil revenues will touch $145.3 billion at the end of 2021, while total state revenues could go up to $246 billion. The assessment was made on the Saudi budget forecast released on Thursday.

The split between oil and non-oil revenues were not revealed in the government statement, the investment arm said, adding it based its estimates on Brent prices of $75 per barrel, with a Saudi average oil production of 9.1 million barrels per day, of which 6.2 million to be exported by the end of the year.

The bank’s estimate for non-oil revenue is at SR380 billion, unchanged from an earlier forecast, and it is driven by the increase in VAT last year to 15 percent from 10 percent.