Riyad Capital issues Q3 2021 earnings forecasts for Saudi companies, banks

04/10/2021 Argaam

Tadawul trading screen


Riyad Capital issued Q3 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 nearly SAR 6.7 billion in Q3 2021, while Al Rajhi Bank’s earnings are expected to rise 55% year-on-year (YoY) to SAR 4.1 billion in the same period.

Earnings Forecasts for Q3 2021 (SAR mln)

Company

Q3 2021

Change % (YoY)

Banks

Banque Saudi Fransi

852

+156%

SABB

1106

+4%

ANB

517

(23%)

Al Rajhi Bank

4114

+55%

Bank Albilad

470

+23%

Alinma Bank

760

+21%

SNB*

3786

(14%)

Petrochemicals

Petrochem

443

+279%

SABIC

6665

+512%

SABIC Agri-Nutrients

1162

+192%

Tasnee

329

--

Yansab

513

+162%

Sipchem

871

--

Advanced

213

+36%

Saudi Kayan

678

--

Telecoms

stc

2853

+3%

Mobily

258

+16%

Zain KSA

39

(36%)

Cement

Yamama Cement

70

(10%)

Saudi Cement

84

(22%)

Qassim Cement

92

(16%)

Southern Cement

99

(34%)

Yanbu Cement

45

(45%)

Other Sectors

Almarai

536

(14%)

Jarir

318

+25%

Saudi Electricity

7519

+247%

Dr. Sulaiman Al Habib

338

+13%

* Compared to Q3 2020’s preliminary data

News

Prices

Aramco IPONew

Sectors

Companies

Financial Data

Financial Ratios

Analysts

IPOs

Economy

Mutual Funds

Projects

Interactive Charts