SICO Bank issues Q4 2021 earnings forecast for Saudi banks, firms
Tadawul trading screen
SICO Bank published its Q4 2021 earnings forecasts for the Tadawul-listed banks and firms under its coverage, including Saudi National Bank (SNB), Al Rajhi Bank and stc.
SNB is expected to post a 5% rise 38% year-on-year (YoY) in Q4 2021 net profit to SAR 3.91 billion. Al Rajhi Bank’s bottom line is forecast to jump 24% YoY to SAR 3.86 billion.
Below is a list of SICO Bank’s estimates for Q4 2021 earnings of a number of banks and firms under its coverage:
SICO Bank’s Q4 2021 Forecasts (SAR mln) |
||
Company |
Q4 2021 Estimates (SAR mln) |
YoY Variation |
Banque Saudi Fransi |
837.0 |
-- |
SABB |
818.0 |
+16% |
ANB |
630.0 |
+130% |
Al Rajhi Bank |
3865 |
+24% |
Riyad Bank |
1436 |
+63% |
Alinma |
739 |
+88% |
SNB |
3906 |
(5%) |
Telecommunication Sector |
||
stc |
2725 |
+5% |
Mobily |
322 |
+31% |
Cement Sector |
||
Yamama Cement |
86 |
(24%) |
Saudi Cement |
102 |
(18%) |
Arabian Cement |
67 |
+26% |
Qassim Cement |
70 |
(38%) |
Southern Cement |
130 |
(8%) |
Yanbu Cement |
79 |
+12% |
Hail Cement |
17 |
(23%) |
Tabuk Cement |
8 |
(39%) |
Eastern Cement |
37 |
(38%) |
Najran Cement |
58 |
(31%) |
Umm Al Qura Cement |
27 |
+3% |
City Cement |
39 |
(38%) |
Industrial Sector |
||
Maaden |
2248 |
-- |
MEPCO |
69 |
-- |
Energy Sector |
||
SEC |
1904 |
(41%) |
Foods and Retail |
||
Jarir |
304 |
+6% |
Almarai |
314 |
(7%) |
Herfy |
52 |
-- |
SACO |
7 |
(71%) |
BinDawood Holding |
75 |
+31% |
Al Othaim |
173 |
+5% |
Insurance |
||
Bupa Arabia |
175 |
+153% |
Tawuniya |
68 |
(36%) |
Other Sectors |
||
SGS |
(6.8) |
-- |
Saudi Ceramics |
66 |
+136% |
Fitness Time |
82 |
-- |
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