Aljazira Capital has issued forecasts for Q4-2016 net profit for 23 Tadawul-listed companies under its coverage.
Al-Rajhi Bank, the kingdom’s second-largest lender, is expected to see its profit rise 4 percent year-on-year (YoY) to SAR 2.02 billion during the quarter.
Bank Albilad will likely report the largest profit growth of 13 percent YoY in the banking sector to SAR 230 million, Aljazira said.
Saudi Telecom Co. (STC) is projected to post a 7 percent YoY rise in net profit to SAR 2.1 billion.
Etihad Etisalat Co.’s (Mobily) net profit is expected to jump 62 percent YoY to SAR 17.2 million in the fourth quarter.
Saudi retailer Abdullah Al Othaim Markets’ profit is forecast to grow by 3 percent YoY.
In the health sector, Dallah Healthcare Holding Co. will likely record the largest profit growth at 12 percent YoY among peers.
Elsewhere, Halwani Bros and Al-Khaleej Training and Education are expected to report the biggest profit declines of 68 percent and 45 percent YoY, respectively in Q4-2016.
AlJazira Capital Q4 profit estimates (SAR mln)
Al Rajhi Bank
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