Profits of Saudi listed companies and banks rose by 4 percent to hit SR114.6 billion by the end of 2014 compared to SR110.4 billion in 2013, according to a financial report. Capitals of the listed companies stood at SR488.5 billion whereas their market capitalization hit SR1.82 trillion, the report filed by Al-Hayat daily said. The Saudi Electricity Company (SEC) remained the biggest listed company in terms of capital, which reached SR41.16 billion, followed by Saudi Basic Industries Corporation (SABIC) and Riyad Bank at SR30 billion for each, Saudi Telecom Company (STC) and the National Commercial Bank (NCB) at SR20 billion for each. Bisha Agricultural Development Company (BADC) had the least capital of SR50 million, the report said.
01-25-2015, 07:32 PM
Profits of listed Saudi firms up 4% to SR114.6 billion in 2014
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