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Banking, healthcare to drive 8% growth in Saudi stock market profits

image sourced from original article at https://www.arabnews.com/node/2588850/business-economy

Saudi stock market profits are projected to grow by 8 percent in 2025, driven by the petrochemical sector, banking, and healthcare industries, according to a report by SNB Capital. Excluding petrochemicals, the stock exchange would see a 14 percent growth in profits. The report also highlights strong growth expectations for the healthcare division and the cement sector. The surge in initial public offerings in 2024 has set the stage for increased investor confidence and market activity in 2025. Macroeconomic sentiment remains favorable, with expectations of interest rate cuts and stabilized oil prices.

Original article source: https://www.arabnews.com/node/2588850/business-economy
Source Id: 2025-02-621469156

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