Riyad Capital issues Q4 2021 profit forecasts for Saudi banks, firms

09/01/2022 Argaam

Tadawul trading screen


Riyad Capital issued Q4 2021 profit forecasts for a number of Saudi banks and other companies, including Saudi Basic Industries Corp. (SABIC) and Al Rajhi Bank.  

SABIC is estimated to report a net profit of SAR 5.6 billion for Q4 2021, while Al Rajhi Bank’s earnings are expected to jump by 28% year-on-year (YoY) to SAR 4 billion for Q4 2021.

The following table shows Riyad Capital’s Q4 2021 profit forecasts for a number of banks and companies under coverage:

Riyad Capital’s Q4 2021 Profit Forecasts

Company

Q4 2021

Variation vs. Q4 2020

Banks

BSF

677

+620

SABB

639

(9%)

ANB

25.50

+38%

Al Rajhi Bank

4000

+28%

Bank Albilad

436

+15%

Alinma Bank

617

+57%

SNB

3620

--

Petrochemicals

Petrochem

259

+3%

SABIC

5578

+148%

SABIC Agri-Nutrients

2081

+791%

Tasnee

364

--

Yansab

359

+8%

Sipchem

917

+189%

Saudi Kayan

534

+237%

Telecommunication Services

stc

2828

+9%

Mobily

292

+19%

Zain KSA

59

+64%

Cement

Yamama Cement

30

(68%)

Saudi Cement

45

(64%)

Qassim Cement

49

(57%)

Southern Cement

92

(35%)

Yanbu Cement

43

(39%)

Other Sectors

Almarai

356

+6%

Jarir

301

+5%

SEC

5567

+74%

Sulaiman Al Habib

367

+15%

Nomu Parallel Market*

Riyadh Cement

91

(8%)

Burgerizzr

17

+27%

Alhasoob

5.2

(19%)

*Expected Results for H2 2021

News

Prices

Aramco IPONew

Sectors

Companies

Financial Data

Financial Ratios

Analysts

IPOs

Economy

Mutual Funds

Projects

Interactive Charts