Al Rajhi Capital issues Q4 2021 profit forecasts for Saudi companies

09/01/2022 Argaam

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Al Rajhi Capital issued Q4 2021 earnings forecasts for Saudi-listed companies under its coverage. 

 

Saudi Arabian Oil Co. (Saudi Aramco) is forecast to post a hike of 141% year-on-year (YoY) in Q4 2021 net profit to SAR 124.8 billion. Saudi Basic Industries Corp. (SABIC) is expected to report a profit of SAR 5.5 billion during the same period. 

 

Al Rajhi Capital’s Q4 Forecasts (SAR mln)

Company

Q4

2021 Estimates (SAR mln)

YoY Variation

Petrochemicals

SABIC

5502

+145%

Sipchem

1023

+222%

SABIC Agri-Nutrients

2108

+802%

Yansab

355

+7%

Cement

Arabian Cement

28

(47%)

Yamama Cement

28

(70%)

Saudi Cement

65

(48%)

Qassim Cement

36

(68%)

Yanbu Cement

27

(62%)

Southern Cement

99

(30%)

Najran Cement

41

(51%)

Riyadh Cement**

89

(10%)

Telecommunications

stc

2936

+13%

Mobily

294

+20%

Zain KSA

88

+144%

Food & Agriculture

Almarai

309

(8%)

SADAFCO*

42

(25%)

Savola

135

+202%

Herfy

42

+104%

Retail

Jarir

279

(3%)

Fawaz Alhokair*

10

--

Al Othaim Markets

101

(39%)

eXtra

122

+20%

BinDawood

57

(1%)

Healthcare

Dallah

54

+216%

Mouwasat

145

+1%

Care

34

+55%

Al Hammadi

46

+52%

Other Sectors

Saudi Aramco

124789

+141%

Bupa Arabia

133

+93%

Tawuniya

86

+96%

Leejam Sports

78

--

Saudi Ceramic

50

+79%

SISCO

6

(79%)

Aldrees

58

+47%

Bawan

41

+37%

MIS

29

+9%

solutions by stc

132

+79%

Al Yamamah Steel*

40

(6%)

*Follow a different fiscal year

** Nomu-listed company with estimates for H2 2021.

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