Aljazira Capital issues Q4 2020 profit forecasts for Saudi banks, firms

04/01/2021 Argaam Special


Aljazira Capital published its Q4 2020 earnings forecasts for a number of Tadawul-listed banks and firms under its coverage, led by Al Rajhi Bank, Saudi Basic Industries Corporation (SABIC), and Saudi Telecom Co. (stc).

 

SABIC is expected to post net profit of SAR 1.4 billion in Q4 2020, while Al Rajhi Bank’s earnings are projected to rise 9% year-on-year (YoY) to SAR 2.5 billion.

 

Below is a list of Aljazira Capital’s estimates for Q4 2020 earnings of a number of banks and firms under its coverage:

 

Aljazira Capital’s Q4 Forecasts (SAR mln)

Company

Q4 2020 Estimates (SAR mln)

YoY Variation

Banking Sector

Al Rajhi Bank

2531.1

+9%

Alinma Bank

522.7

+3%

Bank Albilad

414.3

+27%

Telecommunication Sector

stc

2186.6

(6%)

Mobily

219.6

--

Zain KSA

59.4

(43%)

Materials Sector

SABIC

1405.1

--

Tasnee

27.9

--

Yansab

208.3

+22%

SABIC Agri-Nutrients

313.9

(9%)

Sipchem

92.0

--

Advanced

178.1

(7%)

Saudi Kayan

(13.6)

+92%

Petrochem

147.1

+12%

Maaden

(71.0)

+74%

Yamama Cement

78.6

+1%

Saudi Cement

153.9

+7%

Southern Province Cement

184.5

+14%

Qassim Cement

128.3

(11%)

Arabian Cement

95.0

+29%

Yanbu Cement

101.0

+22%

City Cement

58.5

+3%

Eastern Province Cement

63.6

(4%)

Healthcare Sector

Al Hammadi

31.9

+16%

Mouwasat

148.7

+14%

Care

19.9

+1%

Dallah

50.4

(28%)

SGH

285.0

+6%

Saudi German Hospital

39.2

+5%

Retail

Jarir

237.9

(14%)

Alhokair*

62.5

+84%

SACO

20.3

+233%

 

Consumer Staple

 

Al Othaim

140.4

(1%)

BinDawood

105.5

(15%)

 

Food & Beverages

 

Almarai

345.1

+11%

Consumer Services Sector

Seera Holding

(165.8)

--

Other Sectors

Budget Saudi

37.3

(23%)

Saudi Catering

(50.8)

--

SGS

(23.9)

--

Nomu - Parallel Market

Riyadh Cement**

120.9

+2%

**Forecasts for H2 2020 earnings

* FY ends in March 2021

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