NCB Capital issues Q2 2021 earnings forecasts for Saudi companies, banks

05/07/2021 Argaam Special

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NCB Capital issued its Q2 2021 earnings forecasts for a number of Saudi-listed companies and banks under its coverage, including Saudi Basic Industries Corporation (SABIC) and Al Rajhi Bank

SABIC is expected to post a profit of around SAR 6.4 billion in Q2 2021, while Al Rajhi Bank’s earnings are forecast to rise 43% year-on-year (YoY) to SAR 3.5 billion in the same period. 

Q2 2021 Net Profit Forecast (SAR mln)

Company

Q2 2021 (Estimates)

YoY Change

Petrochemicals

SABIC

6418.0

--

SIIG

346.0

--

Yansab

641.0

--

Advanced

247.0

+59%

Tasnee

302.0

--

Sipchem

770.0

--

SABIC Agri-Nutrients

743.0

+107%

Saudi Kayan

779.0

--

Petrochem

324.0

--

Telecom

Mobily

254.0

+37%

Zain KSA

41.0

(30%)

Food and Agriculture

Savola

237.0

(42%)

Almarai

579.0

(10%)

Healthcare

Saudi German Hospital

12.0

(27%)

Mouwasat

144.0

+ 24%

Al Hammadi

46.0

+18%

Sulaiman Al Habib Group

315.0

+64%

Tourism

SGS

(84.0)

--

Saudi Catering

(24.0)

--

Seera

(87.0)

--

Retail

Leejam Sports

31.0

--

eXtra

91.0

+1%

Fawaz Alhokair*

151.0

--

Shaker

9.1

+77%

Jarir

222.0

+7%

Al Othaim

65.0

(48%)

BinDawood

80.0

(57%)

Cement

Arabian Cement

48.0

+531%

Yamama Cement

46.0

(4%)

Eastern Cement

50.0

+64%

Qassim Cement

89.0

+4%

Southern Cement

116.0

(14%)

Saudi Cement

90.0

+19%

Yanbu Cement

53.0

+45%

Real Estate

Dar Al-Arkan

30.0

+189%

Taiba

0.5

(99%)

Banks

Al Rajhi

3477.0

+43%

Alinma

704.0

+23%

Banque Saudi Fransi

805.0

+84%

Albilad

420.0

+32%

Aljazira

313.0

+89%

Others

Saudi Electricity

4659.0

--

Saudi Steel Pipe

(7.3)

--

*Q1 as the fiscal year ends in March. 


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