Bahrain-based SICO Investment Bank has released its second quarter net profit forecast for a number of Tadawul-listed Saudi firms under its coverage. 

 

Saudi Basic Industries Corp.’s (SABIC) second quarter profit is expected to drop 8 percent to SAR 4.4 billion.

 

SICO forecast Saudi Telecom Co.’s (STC) net income to rise 32 percent to SAR 2.5 billion.

 

Al Rajhi Bank’s profit is expected to jump 9 percent to SAR 2.2 billion while National Commercial Bank’s (NCB) net profit is expected to leap 8 percent to SAR 2.6 billion.

 

Saudi Arabian Mining Co. (Maaden) is projected to report a 148 percent profit surge in Q2 to SAR 329 million.

 

Also, utility provider Saudi Electricity Co. (SEC) is seen making SAR 1.5 billion in profit in Q2, up 6 percent.

 

SICO Q2 Forecasts  (SAR mln)

Company

Q2-2017 Estimates

YoY Variation

Banks

Al Rajhi Bank

2,241

9%+

Alinma Bank

434

6%+

Arab National Bank

812

(1%)

Banque Saudi Fransi

1,081

3%+

NCB

2,627

8%+

Riyad Bank

1,113

(3%)

Samba

1,292

(2%)

SABB

1,028

(11%)

Petrochemicals Sector

SABIC

4,374

(8%)

Tasnee

129

24%+

Yansab

324

(53%)

Sipchem

37

43%+

Advanced Petrochemicals

136

(27%)

Alujain

4

(89%)

SAFCO

344

15%+

Kayan

198

117%+

SIIG

145

(33%)

Petrochem

115

(45%)

Telecommunications

Saudi Telecom

2454

32%+

Mobily

(173)

--

Cement Sector

Yanbu Cement

70

(56%)

Yamama Cement

80

(31%)

Arabian Cement

56

(60%)

Saudi Cement

108

(57%)

Southern Province Cement

83

(69%)

Qassim Cement

55

(52%)

Industrial Sector

Maaden

329

+148%

Al Yamamah Steel Industries

34

(49%)

Energy Sector

Saudi Electricity

 1,518

+6%

Transport Sector

Saudi Ground Services

170

(13%)

Healthcare Sector

Care

18

(70%)

Mouwasat

73

17%+

Dallah Healthcare

64

18%+

Al Hammadi

25

18%+

MEAHCO

81

6%+

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Quotes

STC
40.25
0.15 0.37%
ETIHAD ETISALAT
52.00
(0.30) (0.57%)
SAUDI ELECTRICITY
16.88
0.16 0.96%
ALRAJHI
90.30
0.40 0.44%
ANB
20.00
(0.10) (0.50%)
RIBL
27.90
(0.50) (1.76%)
SAB
32.20
0.30 0.94%
SAMBA
38.50
1.70 4.62%
BSF
32.90
(0.20) (0.60%)
ACC
26.50
(0.10) (0.38%)
QACCO
53.10
(0.10) (0.19%)
SAUDI CEMENT
42.40
0.10 0.24%
SPCC
33.60
(0.05) (0.15%)
YC
33.15
(0.85) (2.50%)
YCC
23.54
(0.22) (0.93%)
ALUJAIN
38.20
(0.20) (0.52%)
TASNEE
10.18
0.02 0.20%
SABIC
66.70
0.20 0.30%
SABIC AGRI-NUTRIENTS
111.40
3.20 2.96%
SIIG
16.98
0.12 0.71%
YANSAB
36.95
(0.35) (0.94%)
SIPCHEM
24.02
(0.10) (0.41%)
SAUDI KAYAN
6.88
0.08 1.18%
ALINMA
28.20
0.20 0.71%
MAADEN
49.10
(0.65) (1.31%)
Petrochem
45.45
(0.60) (1.30%)
ADVANCED
32.15
(0.05) (0.16%)
DALLAH HEALTH
151.60
(0.80) (0.52%)
MOUWASAT
84.30
(3.30) (3.77%)
CARE
167.60
2.40 1.45%
SNB
32.75
(0.25) (0.76%)
SGS
50.00
(0.50) (0.99%)
ALHAMMADI
38.40
(0.60) (1.54%)
SAUDI GERMAN HEALTH
70.10
(0.50) (0.71%)
ALYAMAMAH STEEL
34.80
(1.30) (3.60%)


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