AlJazira Cap issues Q4 2021 earnings forecast for Saudi banks, firms

09/01/2022 Argaam

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AlJazira Capital published its Q4 2021 earnings forecasts for the Tadawul-listed banks and firms under its coverage, including Al Rajhi Bank and Saudi Basic Industries Corp. (SABIC).

SABIC is expected to post a net profit of SAR 5.6 billion in Q4 2021. Al Rajhi Bank’s net profit is forecast to rise 26% year-on-year (YoY) to SAR 3.9 billion.

Below is a list of AlJazira Capital’s estimates for Q4 2021 earnings of a number of banks and firms under its coverage:

Aljazira Capital’s Q4 2021 Forecasts (SAR mln)

Company

Q4 2021 Estimates (SAR mln)

YoY Variation

Banking Sector

Al Rajhi Bank

3920.4

+26%

Alinma Bank

705.7

+79%

Bank Albilad

426.7

+13%

Telecommunication Sector

stc

2845.1

+10%

Mobily

261.4

+6%

Zain KSA

51.1

+42%

Materials Sector

SABIC

5605.0

+149%

Tasnee

260.2

--

Yansab

423.5

+27%

SABIC Agri-Nutrients

2512.0

+975%

Sipchem

1208.9

+281%

Saudi Kayan

514.2

+225%

Maaden

1639.8

+187%

Yamama Cement

42.6

(54%)

Saudi Cement

58.5

(53%)

Southern Cement

111.1

(21%)

Qassim Cement

65.9

(42%)

Arabian Cement

47.6

(11%)

Yanbu Cement

53.8

(24%)

City Cement

33.2

(42%)

Eastern Cement

46.9

(25%)

Healthcare Sector

Al Hammadi

33.7

+12%

Mouwasat

143.8

+0.3%

Care

32.8

+49%

Dallah

64.9

+280%

Sulaiman Al Habib

359.1

+13%

Saudi German Health

19.5

(32%)

Discretionary

Jarir

258.2

(10%)

Fawaz Alhokair*

34.7

--

SACO

11.2

(54%)

          Consumer Services Sector

Ataa Educational**

14.3

+123%

Alkhaleej Training

12.1

--

Seera 

(20.2)

--

Leejam

80.1

--

Food

Almarai

340.7

+1%

Other Sectors

Budget Saudi

58.7

(26%)

Theeb Rent a Car

29.7

+39%

SGS

15.3

--

Saudi Catering

41.7

--

Al Othaim

120.8

(27%)

BinDawood Holding

70.6

+23%

* FY ends in March 2022

**Estimates for Q2 ending Jan. 2022


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