Osool & Bakheet issues Q4 2020 earnings forecasts for Saudi banks, firms

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Osool and Bakheet Investment Co. released Q4 2020 earnings forecasts for some Saudi banks and firms under its coverage, including Saudi Basic Industries Corporation (SABIC) and Al Rajhi Bank.

SABIC is expected to post earnings of SAR 1.59 billion in the fourth quarter of 2020. Al Rajhi Bank's earnings are seen up 18% year-on-year (YoY) to SAR 2.7 billion.

Osool & Bakheet Profit Estimates (SAR mln)
Company	Q4 2020 estimates	YoY Variation
Banks
Al Rajhi	2737.4	+18%
AlJazira	222.8	(10%)
BSF	540.7	+5%
SABB	726.2	(1%)
Albilad	424.8	+30%
Alinma	565.7	+11%
NCB	3418.4	+2%
ANB	569.8	+11%
Samba	1177.1	+54%
Riyad	1304.3	+17%
Materials
SABIC	1590.0	--
Kayan	9.0	--
Yansab	295.0	+73%
Sipchem	102.0	--
Hail Cement	33.0	+5%
Najran Cement	55.1	+53%
City Cement	60.5	+7%
Umm Al-Qura	29.0	+7%
Arabian Cement	98.0	+33%
Yamama Cement	77.0	(1%)
Saudi Cement	129.0	(10%)
Qassim Cement	124.0	(14%)
Southern Province	167.0	+3%
Yanbu Cement	96.0	+15%
Eastern Province Cement	62.0	(8%)
Healthcare
Mouwasat	159.4	+22%
Al Hammadi	35.3	+28%
Sulaiman Al Habib	281.1	+4%
Saudi German Hospital	37.0	(1%)
Medical Care	20.0	+2%
Dallah	45.9	(34%)

Osool & Bakheet-Q4 2020 earnings forecasts for Saudi banks, firms (6/1/2021)

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