Strategy Note /
Saudi Arabia

SNB Capital Strategy: Q3 2021 Budget – First surplus since Q1 19

  • Total revenues stood at SAR243.4bn in Q3 21, increasing 12.9% yoy (-1.9% qoq)

  • The main highlight of Q3 21 budget is the surplus of SAR6.7bn, the first since Q1 19

  • Non-oil revenues came in at SAR95.4bn in Q3 21, down 22.4% yoy (-17.7% qoq)

SNB Capital
1 November 2021
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