Riyad Capital issues Q2 2021 earnings forecasts for Saudi companies, banks
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Riyad Capital issued Q2 2021 earnings forecasts for a number of Saudi-listed companies and banks under its coverage, including Saudi Basic Industries Corp. (SABIC) and Al Rajhi Bank.
SABIC is forecast to post net profit of around SAR 6.1 billion in Q2 2021, while Al Rajhi Bank’s earnings are forecast to rise 45% year-on-year (YoY) to SAR 3.5 billion in the same period.
Earnings Forecasts for Q2 2021 (SAR mln) |
||
Company |
Q2 2021 |
Change % (YoY) |
Banks |
||
Banque Saudi Fransi |
602 |
+38% |
SABB |
770 |
-- |
ANB |
361 |
(26%) |
Al Rajhi Bank |
3537 |
+45% |
Bank Albilad |
437 |
+37% |
Alinma Bank |
587 |
+3% |
Petrochemicals |
||
Petrochem |
415 |
-- |
SABIC |
6107 |
-- |
SABIC Agri-Nutrients |
673 |
+87% |
Tasnee |
272 |
-- |
Yansab |
496 |
-- |
Sipchem |
628 |
-- |
Advanced |
224 |
+45% |
Saudi Kayan |
576 |
-- |
Telecoms |
||
stc |
3046 |
+12% |
Mobily |
258 |
+39% |
Zain KSA |
43 |
((27% |
Cement |
||
Yamama Cement |
50 |
+4% |
Saudi Cement |
101 |
+33% |
Qassim Cement |
97 |
+13% |
Southern Cement |
135 |
-- |
Yanbu Cement |
67 |
+83% |
Riyadh Cement* |
142 |
+17% |
Other Sectors |
||
Jarir |
229 |
+10% |
Almarai |
669 |
+4% |
Saudi Electricity |
3123 |
-- |
Dr. Sulaiman Al Habib |
324 |
+68% |
*Listed on Nomu, forecasts for H1 2021
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