Al Rajhi Capital issues Q3 2021 profit forecasts for Saudi companies

04/10/2021 Argaam

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Al Rajhi Capital issued Q3 2021 earnings forecasts for Saudi-listed companies under its coverage. 

 

Saudi Arabian Oil Co. (Saudi Aramco) is forecast to post a hike of 124% year-on-year (YoY) in Q3 2021 net profit to SAR 99 billion. Saudi Basic Industries Corp. (SABIC) is expected to report a profit of SAR 6.8 billion during the same period. 

 

Al Rajhi Capital’s Q3 Forecasts (SAR mln)

Company

Q3

 2021 Estimates (SAR mln)

YoY Variation

Petrochemicals

SABIC

6776

+522%

Sipchem

935

--

SABIC Agri-Nutrients

1170

+194%

Yansab

476

+143%

Advanced

200

+28%

Cement

Arabian Cement

20

(75%)

Yamama Cement

54

(31%)

Saudi Cement

52

(52%)

Qassim Cement

42

(62%)

Yanbu Cement

25

(69%)

Southern Cement

69

(54%)

Najran Cement

18

(62%)

Telecommunications

stc

2931

+6%

Mobily

249

+12%

Zain KSA

48

(20%)

Food & Agriculture

Almarai

537

(14%)

Savola

217

(24%)

Herfy

38

(8%)

Retail

Jarir

272

+7%

Fawaz Alhokair*

15

--

Al Othaim Markets

63

+4%

eXtra

118

+121%

BinDawood

91

+16%

Healthcare

Dallah

49

(9%)

Mouwasat

140

(13%)

Care

30

+84%

Al Hammadi

37

+1%

Other Sectors

Bupa Arabia

241

+73%

Tawuniya

122

+29%

Leejam Sports

57

+115%

Saudi Ceramic

65

+100%

Saudi Aramco

99014

+124%

SISCO

10

(64%)

Aldrees

43

+17%

Bawan

45

+52%

MIS

20

(11%)

solutions by stc

200

--

SADAFCO*

54

(23%)

Al Yamamah Steel*

58

+131%

*Follow different fiscal year

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