Riyad Capital has published its forecasts for the Q3 2019 profits of banks and companies under its coverage, including Saudi Basic Industries Corp (SABIC) and Al Rajhi Bank.

 

The brokerage firm said in a research note that it forecasts SABIC’s Q3 profit to decline 64 percent to SAR 2.2 billion compared to the same period in 2018. 

 

It also expects Al Rajhi Bank’s Q3 2019 profits to increase 4 percent to SAR 2.7 billion.

 

The table below highlights the brokerage firm forecasts for Q3 2019:

 

Riyad Capital’s Q3 Net Profit Forecasts (SAR mln)

Company

Q3 2019E

Variation

Banks

BSF

798

(16%)

SABB

478

(55%)

ANB

898

+ 23%

Samba

902

(28%)

Al Rajhi

2,675

+ 6%

Albilad

311

+ 31%

Alinma

703

+10%

Petrochemical

Petrochem

149

(51%)

SABIC

2,196

(64%)

SAFCO

440

(16%)

Tasnee

(12)

--

Yansab

279

(62%)

Sipchem

205

+14%

Saudi Kayan

(223)

--

Telecom

STC

3,042

+12%

Mobily

69

--

Zain

156

+225%

Cement

Yamama Cement

65

--

Saudi Cement

109

+45%

Qassim Cement

76

--

Southern Cement

104

--

Yanbu Cement

45

+241%

Retail

Jarir

313

+9%

Comments 0

Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Market Indices

Created with Highstock 6.0.710:…10:0011:0012:0013:0014:0015:0012,300.0012,325.0012,350.0012,375.0012,400.0012,425.00
Close : 12377.03 | Feb 3, 15:20

Quotes

Created with Highstock 6.0.710:…10:0011:0012:0013:0014:0015:0043.5043.6043.7043.8043.90
Close : 43.65 | Feb 3, 15:19


Call Request

Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.

Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website