Osool and Bakheet Investment Co. released Q3 2020 earnings forecasts for some Saudi banks and firms under its coverage, including Saudi Basic Industries Corporation (SABIC), Al Rajhi Bank and Saudi Telecom Co. (STC).
SABIC is expected to post a 49% profit rise year-on-year (YoY) to SAR 1 billion in Q3 2020.
Al Rajhi Bank’s earnings are seen down 8% YoY to SAR 2.6 billion in Q3 2020.
|
Osool & Bakheet Profit Estimates (SAR mln) |
||
|
Company |
Q3 2020 estimates |
YoY Variation |
|
Banks |
||
|
Al Rajhi |
2,600.0 |
(8% ) |
|
AlJazira |
200.0 |
(22% ) |
|
BSF |
510.0 |
(42% ) |
|
SABB |
850.0 |
(20% ) |
|
Albilad |
330.0 |
+1% |
|
Alinma |
550.0 |
(23% ) |
|
NCB |
2,100.0 |
(17% ) |
|
ANB |
550.0 |
(34% ) |
|
Samba |
1,100.0 |
(10% ) |
|
Materials |
||
|
SABIC |
1,000 |
+49% |
|
SAFCO |
360.0 |
(13% ) |
|
Yansab |
125.0 |
(4%1) |
|
Hail Cement |
19.0 |
+150% |
|
Najran Cement |
45.9 |
+225% |
|
City Cement |
51.5 |
+2% |
|
Umm Al-Qura |
28.0 |
+48% |
|
Arabian Cement |
71.0 |
+17% |
|
Yamama Cement |
77.0 |
+41% |
|
Saudi Cement |
113.0 |
+36% |
|
Qassim Cement |
135.3 |
+50% |
|
Southern Province |
158.2 |
+75% |
|
Yanbu Cement |
72.5 |
+17% |
|
Eastern Province Cement |
39.0 |
+7% |
|
Healthcare |
||
|
Mouwasat |
113.1 |
+22% |
|
Al Hammadi |
35.2 |
+66% |
|
Sulaiman Al Habib |
232.7 |
+18% |
|
Saudi German Hospital |
30.8 |
(7% ) |
|
Medical Care |
25.2 |
+51% |
|
Dallah |
28.6 |
+7% |
|
Telecommunications |
||
|
2,560.0 |
(%7) |
|
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