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

10/01/2022 Argaam

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SNB 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 5.5 billion for Q4 2021, while Al Rajhi Bank’s earnings are expected to jump by 22% year-on-year (YoY) to nearly SAR 3.8 billion for Q4 2021.   

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

SNB Capital’s Q4 2021 Profit Forecasts

Company

Q4 2021

Variation vs. Q4 2020

Petrochemicals

SABIC

5496

+144%

SIIG

246

+5%

Yansab

472

+42%

Tasnee

327

--

Sipchem

1216

+283%

SABIC Agri-Nutrients

2221

--

Saudi Kayan

587

+271%

Petrochem

281

+12%

Telecommunication Services

stc

2880

+11%

Mobily

305

+24%

Zain KSA

59

+64%

solutions

213

+190%

Food & Agriculture

Savola

75

+68%

Almarai

346

+3%

Healthcare

Saudi German Health

23

(19%)

Mouwasat

147

+3%

Al Hammadi

39

+29%

Sulaiman Al Habib

326

+3%

Tourism

SGS

(1)

--

Saudi Catering

25

--

Seera

(37)

--

Retail

Leejam

82

--

Alhokair*

36

--

Shaker

5

+297%

Jarir

301

+5%

Al-Othaim

152

 (8%)

BinDawood Holding

69

+20%

Cement

Arabian Cement

43

(19%)

Yamama Cement

59

(37%)

Eastern Cement

53

(15%)

Qassim Cement

75

(34%)

Southern Cement

118

(16%)

Saudi Cement

62

(50%)

Yanbu Cement

60

(15%)

Real Estate

Dar Al Arkan

28

+124%

Taiba

(27)

--

Banks

Al Rajhi Bank

3804

+22%

Alinma Bank

774

+96%

BSF

882

--

Bank Albilad

466

+23%

Bank AlJazira

325

--

Other Sectors

SEC

1719

(46%)

SSP

(4)

--

*Q3 as FY ends in March

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