Al Rajhi Capital issues Q2 2021 profit forecasts for Saudi companies

04/07/2021 Argaam Special

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Al Rajhi Capital issued Q2 2021 earnings forecasts for Saudi-listed companies.

Saudi Arabian Oil Co. (Saudi Aramco) is forecast to post a hike of 257% year-on-year (YoY) in Q2 2021 net profit to SAR 90.56 billion. Saudi Basic Industries Corporation (SABIC) is expected to post a profit of SAR 6.63 billion during the same period.

Al Rajhi Capital’s Q2 Forecasts (SAR mln)

Company

Q2 2021 Estimates (SAR mln)

YoY Variation

Petrochemicals

SABIC

6633

--

Sipchem

652

--

SABIC Agri-Nutrients

760

+111%

Yansab

469

--

Saudi Kayan

269

+74%

Cement

Arabian Cement

37

+386%

Yamama Cement

50

+4%

Saudi Cement

79

+4%

Qassim Cement

93

+9%

Yanbu Cement

47

+28%

Southern Cement

85

(%37)

Najran Cement

37

+11%

Riyadh Cement*

155

+28%

Telecommunications

stc

2821

+4%

Mobily

255

+38%

Zain KSA

43

(27%)

Food & Agriculture

Almarai

621

+0.3%

Savola

225

(45%)

Herfy

26

--

Retail

Jarir

225

+8%

Alhokair**

80

--

Al Othaim

98

(22%)

eXtra

84

(7%)

BinDawood Holding

122

(34%)

Healthcare

Dallah

62

--

Mouwasat

166

+43%

Care

37

+44%

Al Hammadi

46

+18%

Other sectors

Bupa Arabia

309

(20%)

Tawuniya

145

(23%)

Leejam

40

--

Saudi Ceramic

60

--

Saudi Aramco

90556

+257%

SISCO

30

(47%)

Aldrees

43

+199%

Bawan

23

+49%

SADAFCO**

62

(12%)

Al Yamamah Steel**

36

--

* Listed on the parallel market (Nomu), forecast for the first half of 2021

**Different fiscal year


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