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Riyad Capital issued Q4 2021 profit forecasts for a number of Saudi banks and other companies, including Saudi Basic Industries Corp. (SABIC) and Al Rajhi Bank.  

 

SABIC is estimated to report a net profit of SAR 5.6 billion for Q4 2021, while Al Rajhi Bank’s earnings are expected to jump by 28% year-on-year (YoY) to SAR 4 billion for Q4 2021.

 

The following table shows Riyad Capital’s Q4 2021 profit forecasts for a number of banks and companies under coverage:

 

Riyad Capital’s Q4 2021 Profit Forecasts

Company

Q4 2021

Variation vs. Q4 2020

Banks

BSF

677

+620

SABB

639

(9%)

ANB

25.50

+38%

Al Rajhi Bank

4000

+28%

Bank Albilad

436

+15%

Alinma Bank

617

+57%

SNB

3620

--

Petrochemicals

Petrochem

259

+3%

SABIC

5578

+148%

SABIC Agri-Nutrients

2081

+791%

Tasnee

364

--

Yansab

359

+8%

Sipchem

917

+189%

Saudi Kayan

534

+237%

Telecommunication Services

stc

2828

+9%

Mobily

292

+19%

Zain KSA

59

+64%

Cement

Yamama Cement

30

(68%)

Saudi Cement

45

(64%)

Qassim Cement

49

(57%)

Southern Cement

92

(35%)

Yanbu Cement

43

(39%)

Other Sectors

Almarai

356

+6%

Jarir

301

+5%

SEC

5567

+74%

Sulaiman Al Habib

367

+15%

Nomu Parallel Market*

Riyadh Cement

91

(8%)

Burgerizzr

17

+27%

Alhasoob

5.2

(19%)
*Expected Results for H2 2021
Riyad Capital - Forecasts for Saudi banks, firms (06/01/2022)

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Quotes

STC
42.20
(0.10) (0.24%)
ETIHAD ETISALAT
51.30
(0.40) (0.77%)
SAUDI ELECTRICITY
16.24
(0.04) (0.25%)
ALRAJHI
88.30
(0.30) (0.34%)
ALBILAD
35.70
(0.85) (2.33%)
ANB
19.10
(0.02) (0.10%)
SAB
33.50
(0.20) (0.59%)
BSF
31.05
0.05 0.16%
QACCO
52.10
0.90 1.76%
SAUDI CEMENT
39.80
0.10 0.25%
SPCC
32.40
(0.20) (0.61%)
YC
30.05
(0.20) (0.66%)
YCC
22.68
0.28 1.25%
ALMARAI
55.20
(0.50) (0.90%)
TASNEE
10.66
(0.02) (0.19%)
SABIC
72.10
(0.40) (0.55%)
SABIC AGRI-NUTRIENTS
115.40
1.40 1.23%
YANSAB
39.60
(0.20) (0.50%)
JARIR
13.28
0.06 0.45%
SIPCHEM
26.20
0.05 0.19%
SAUDI KAYAN
7.73
(0.01) (0.13%)
ALINMA
28.05
(0.20) (0.71%)
Petrochem
45.45
(0.60) (1.30%)
ZAIN KSA
10.40
(0.08) (0.76%)
SNB
32.60
(0.25) (0.76%)
SULAIMAN ALHABIB
282.80
(4.20) (1.46%)
RIYADH CEMENT
28.80
0.80 2.86%
BURGERIZZR
22.38
(0.14) (0.62%)
ALHASOOB
47.75
(1.25) (2.55%)


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