Riyad Capital issues Q1 2021 profit forecast for Saudi banks, firms

06/04/2021 Argaam Special

Tadawul trading screen


Riyad Capital published its Q1 2021 profit forecast for several Tadawul-listed banks and firms under its coverage.

 

Saudi Basic Industries Corporation's (SABIC) Q1 2021 profit is expected to rise to around SAR 2.73 billion.

 

Al Rajhi Bank is likely to post a 45% profit increase to SAR 3.46 billion.

 

Riyad Capital’s Q1 2021 Profit Forecasts (SAR mln)

Company

Q1 2021 estimates

YoY Variation

Banks

BSF

586

(14%)

SABB

726

(30%)

ANB

518

(20%)

Al Rajhi

3461

+45%

Albilad

403

+49%

Alinma

442

+19%

Saudi National Bank

3752

+32%

Petrochemicals

Petrochem

257

+412%

SABIC

2728

--

SABIC Agri-Nutrients

379

+25%

Tasnee

34

--

Yansab

309

+196%

Sipchem

341

--

Saudi Kayan

121

--

Telecom

stc

2796

(4%)

Mobily

287

+120%

Zain KSA

17

(84%)

Cement

Yamama Cement

48

(61%)

Saudi Cement

113

(24%)

Qassim Cement

86

(23%)

Southern Cement

154

(16%)

Yanbu Cement

86

(7%)

Other

Jarir

277

+10%

Almarai

373

(3%)

Saudi Electricity

3167

--

Sulaiman Al Habib

320

+30%

 

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