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

06/07/2021 Argaam Special

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

SABIC is forecast to post net profit of around SAR 6.1 billion in Q2 2021, while Al Rajhi Bank’s earnings are forecast to rise 45% year-on-year (YoY) to SAR 3.5 billion in the same period. 

Earnings Forecasts for Q2 2021 (SAR mln)

Company

Q2 2021

Change % (YoY)

Banks

Banque Saudi Fransi

602

+38%

SABB

770

--

ANB

361

(26%)

Al Rajhi Bank

3537

+45%

Bank Albilad

437

+37%

Alinma Bank

587

+3%

Petrochemicals

Petrochem

415

--

SABIC

6107

--

SABIC Agri-Nutrients

673

+87%

Tasnee

272

--

Yansab

496

--

Sipchem

628

--

Advanced

224

+45%

Saudi Kayan

576

--

Telecoms

stc

3046

+12%

Mobily

258

+39%

Zain KSA

43

((27%

Cement

Yamama Cement

50

+4%

Saudi Cement

101

+33%

Qassim Cement

97

+13%

Southern Cement

135

--

Yanbu Cement

67

+83%

Riyadh Cement*

142

+17%

Other Sectors

Jarir

229

+10%

Almarai

669

+4%

Saudi Electricity

3123

--

Dr. Sulaiman Al Habib

324

+68%

*Listed on Nomu, forecasts for H1 2021


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