Riyad Capital releases Q4 estimates; SABIC to rise 42%

05/01/2019 Argaam

 

Riyad Capital released its fourth-quarter earnings estimates for Saudi-listed firms and banks under its coverage.

 

Saudi Basic Industries Corp. (SABIC) is expected to report a 42 percent year-on-year (YoY) profit increase to SAR 5.2 billion in Q4 2018.

 

Al Rajhi Bank is forecasted to report SAR 2.69 billion earnings in Q4, rising 10 percent YoY.

 

In the telecom sector, STC is seen to post a 16 percent YoY increase to around SAR 3.1 billion.

 

Riyad Capital Q4 2018 profit estimates (SAR mln)

Company

Q4 2018 estimates

YoY Variation

Banks

Alawwal

250

(23%)

BSF

767

81%+

SABB

1,021

45%+

ANB

814

28%+

Samba

1,350

11%+

Al Rajhi

2,690

+10%

Albilad

300

33%+

Alinma

682

22%+

NCB

2,850

11%+

Petrochemicals

Petrochem

259

(34%)

SABIC

5,202

42%+

SAFCO

557

--

SIIG

510

(34%)

Sahara

100

(39%)

Yansab

196

+89%

Sipchem

396

--

Kayan

259

(34%)

Telecom

STC

3,079

+16%

Mobily

(97)

--

Zain

234

--

Cement

Yamama

(21)

--

Saudi

89

(17%)

Qassim

9

(87%)

Southern

21

(82%)

Yanbu

20

(79%)

Retail

Almarai

525

2%+

Jarir

263

1%+

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