NBK capital has reduced its recommendation for shares in Saudi Basic Industries Corporation (Sabic) to hold from buy an forecast a fall in the company’s 2016 and 2017 profits. “We have reduced our fair value for Sabic to SR 93.40 a…
Day: December 28, 2015
NBK forecasts Kuwait economic growth
National Bank of Kuwait (NBK) has forecast the Kuwaiti economy will grow in nominal and real terms in 2016, but only if oil prices recover from levels seen at the end of 2015. It said in an end-of year review of trends…