Osool & Bakheet issues Q2 2021 earnings forecasts for Saudi companies, banks

06/07/2021 Argaam Special

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Osool & Bakheet Investment Co. issued Q2 2021 earnings forecasts for 40 Saudi-listed companies and banks.

Saudi Basic Industries Corp. (SABIC) is forecast to report net profit of SAR 6.96 billion in Q2 2021, while Al Rajhi Bank’s earnings are forecast to rise 41% year-on-year (YoY) to SAR 3.44 billion in the three-month period. 

Earnings Forecasts for Q2 2021 (SAR mln)

Company

Q2 2021

Change % (YoY)

Banks

Al Rajhi Bank

3435.7

+14%

Bank Aljazira

438.2

+164%

BSF

874.7

+100%

SABB

808.5

--

Bank Albilad

400.9

+26%

Alinma Bank

713.5

+25%

SAIB

236.7

(10%)

ANB

568.3

+17%

Riyad Bank

1383.5

+30%

Materials

Hail Cement

20.6

(5%)

Najran cement

34.1

+3%

City Cement

42.3

+23%

Umm Al-Qura Cement

18.1

(14%)

Arabian Cement

73.2

--

Saudi cement

90.2

+19%

Qassim Cement

96.5

+13%)

Southern Cement

95.2

(29%)

Yanbu Cement

64.5

+76%

Eastern Cement

35.5

+16%

Tabuk Cement

6.2

--

SABIC

6960.0

--

Saudi Kayan

863.0

--

Yansab

530.7

--

Sipchem

894.5

--

SABIC Agri-Nutrients

860.0

+139%

Maaden

1660.0

--

Advanced

179.1

+15.6%

Healthcare

Mouwasat

151.2

+31%

Al Hammadi

32.4

(17%)

Sulaiman Al Habib

334.3

+74%

Dallah

57.2

--

Retailing

eXtra

109.0

+21%

Jarir

233.0

+12%

SACO

23.2

(30%)

Food & Staples Retailing

Farm Superstores

5.1

(73%)

BinDawood Holding

91.4

(51%)

Al Othaim Markets

49.5

(60%)

Other Sectors

Herfy

19.4

--

Savola

78.0

(81%)

Petro Rabigh

1052.8

--


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