SABB’s Q2 net profit misses estimates: Alistithmar Capital

26/07/2015 Argaam

Saudi British Bank (SABB)’s Q2 net profit at SAR 1.14 billion fell short of Alistithmar Capital’s expectations of SAR 1.25 billion by 9 percent, the brokerage firm said in a report.

 

Alistithmar affirmed its “buy” recommendation on the stock and reduced its target price from SAR 38.5 to SAR 38 per share.

 

SABB’s loan portfolio was larger than its deposits, the firm added.

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