Osool & Bakheet issues Q4 2021 earnings forecast for Saudi banks, firms

10/01/2022 Argaam Special

Tadawul trading screen


Osool & Bakheet Investment Co. issued its earnings forecasts for 34 Tadawul-listed banks and companies for the fourth quarter of 2021.

Saudi Basic Industries Corp. (SABIC) is expected to post SAR 7.20 billion profit in Q4 2021. Al Rajhi Bank’s profit is likely to rise 24% year-on-year to SAR 3.86 billion.

Osool & Bakheet’s Q4 2021 Profit Forecasts

Company

Q4 2021

Variation vs. Q4 2020

Banks

Al Rajhi Bank

3855.6

+24%

Bank AlJazira

291.9

--

Banque Saudi Fransi

896.3

--

SABB

905.5

+28%

Bank Albilad

450.4

+19%

Alinma Bank

753.9

+91%

SAIB

281.8

+6%

ANB

765.0

+179%

Riyad Bank

1479.7

+68%

Materials

Hail Cement

4.5

(80%)

Najran Cement

40.7

(51%)

City Cement

34.1

(40%)

Umm Al-Qura Cement

16.5

(37%)

Arabian Cement

32.9

(38%)

Saudi Cement

53.5

(57%)

Qassim Cement

51.5

(54%)

Southern Cement

112.3

(21%)

Yanbu Cement

38.3

(46%)

Eastern Cement

39.7

(37%)

Tabuk Cement

7.4

(42%)

Yamama Cement

42.7

(54%)

SABIC

7200.0

+220%

Saudi Kayan

408.3

+158%

Yansab

396.8

+19%

Sipchem

1247.1

+293%

SABIC Agri-Nutrients

2720.0

--

Alujain

98.0

+79%

Healthcare

Mouwasat

141.8

(1%)

Al Hammadi

38.6

+28%

Sulaiman Al Habib

370.0

+16%

Dallah

67.0

+292%

Food and Staples Retailing

Herfy

55.2

+168%

Jarir

259.0

(10%)

Al Othaim Markets

90.5

(45%)

 

   

 

News

Prices

Aramco IPONew

Sectors

Companies

Financial Data

Financial Ratios

Analysts

IPOs

Economy

Mutual Funds

Projects

Interactive Charts