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

04/10/2021 Argaam

Tadawul Trading Screen


SNB Capital issued its 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 expected to post a profit of around SAR 6.2 billion in Q3 2021, while Al Rajhi Bank’s earnings are forecast to rise 37% year-on-year (YoY) to SAR 3.6 billion in the same period.

Q3 2021 Net Profit Forecast (SAR mln)

Company

Q3 2021 (Estimates)

YoY Change

Petrochemicals

SABIC

6188.0

+468%

SIIG

435.0

+412%

Yansab

445.0

+128%

Advanced

193.0

+23%

Tasnee

323.0

--

Sipchem

874.0

--

SABIC Agri-Nutrients

1159.0

+192%

Saudi Kayan

617.0

--

Petrochem

439.0

+52%

Telecom

Mobily

253.0

+14%

Zain KSA

57.0

(5%)

Food and Agriculture

Savola

220.0

(22%)

Almarai

510.0

(18%)

Healthcare

Saudi German Hospital

36.0

+3%

Mouwasat

150.0

(7%)

Al Hammadi

40.0

+9%

Sulaiman Al Habib Group

305.0

+2%

Tourism

SGS

(58.0)

--

Saudi Catering

(1.0)

--

Seera

(57.0)

--

Retail

Leejam Sports

39.0

+47%

eXtra

75.0

+40%

Fawaz Alhokair*

31.0

--

Shaker

13.0

+210%

Jarir

268.0

+5%

Al Othaim

58.0

(4%)

BinDawood

98.0

+25%

Cement

Arabian Cement

48.0

(39%)

Yamama Cement

62.0

(20%)

Eastern Cement

39.0

(9%)

Qassim Cement

73.0

(34%)

Southern Cement

81.0

(46%)

Saudi Cement

61.0

(43%)

Yanbu Cement

26.0

(68%)

Real Estate

Dar Al-Arkan

39.0

--

Taiba

(3.0)

--

Banks

Al Rajhi

3645.0

+37%

Alinma

709.0

+13%

Banque Saudi Fransi

812.0

+144%

Albilad

423.0

+11%

Aljazira

237.0

+31%

Others

Saudi Electricity

8745.0

+297%

Saudi Steel Pipe

14.0

+46%

*Q1 as the fiscal year ends in March. 


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