Research Reports

Saudi Arabia Corporate Earnings 'H1 2019

October, 2019

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Executive Summary

  • In H1 2019, Saudi Arabia corporate earnings registered the highest decline among GCC countries. On an aggregate basis they decreased by 24.3%.
  • Commodities sector earnings that is the second largest contributor of total earnings after banks in Saudi Arabia was the main contributor in the decline in total earnings. Commodities sector registered a fall in earnings of 61.8% in H1 2019 compared to same period last year. Earnings of banking sector remained muted as it only grew by a meagre 1.3%.
  • Interestingly, Saudi telecom sector which is the third largest contributing sector in earnings registered a remarkable growth of 25% in H1 2019.
  • We expect Saudi Arabia's full year earnings to decline by 6.1% in 2019 as lower oil prices and lower oil production drag economic activity in the Kingdom.

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Experienced and qualified team of Marmore Mena Intelligence has prepared this report. Since its inception, Marmore has published over 1000 research reports and covered more than 25 varied industries and policy segments; all focused primarily on the GCC economies.

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The report spans 9 pages

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