AlJazira Cap issues Q3 2021 earnings forecast for Saudi banks, firms

03/10/2021 Argaam

Tadawul trading screen


AlJazira Capital published its Q3 2021 earnings forecasts for the Tadawul-listed banks and firms under its coverage, including Al Rajhi Bank, Saudi Basic Industries Corp. (SABIC), and stc.

 

SABIC is expected to post net profit of SAR 6.3 billion in Q3 2021. Al Rajhi Bank’s net profit is forecast to rise 38% year-on-year (YoY) to SAR 3.7 billion.

 

Below is a list of AlJazira Capital’s estimates for Q3 2021 earnings of a number of banks and firms under its coverage:

 

Aljazira Capital’s Q3 2021 Forecasts (SAR mln)

Company

Q3 2021 Estimates (SAR mln)

YoY Variation

Banking Sector

Al Rajhi Bank

3,680.7

+ 38 %

Alinma Bank

706.5

+ 12 %

Bank Albilad

409.0

+ 7 %

Telecommunication Sector

stc

2,923.2

+ 6 %

Mobily

254.0

+ 14 %

Zain KSA

44.1

(27%)

Materials Sector

SABIC

6,281.2

--

Tasnee

305.1

--

Yansab

526.1

+ 169 %

SABIC Agri-Nutrients

1,136.2

+ 186 %

Sipchem

792.3

--

Advanced

248.7

+ 59 %

Saudi Kayan

619.0

--

Petrochem

435.4

--

Maaden

1,561.4

--

Yamama Cement

86.8

+ 12 %

Saudi Cement

103.2

(4%)

Southern Cement

110.1

(27%)

Qassim Cement

87.8

(20%)

Arabian Cement

58.4

(26%)

Yanbu Cement

44.3

(46%)

City Cement

55.8

+ 9 %

Eastern Cement

53.7

+ 26 %

Healthcare Sector

Al Hammadi

41.4

+ 13 %

Mouwasat

135.1

(16%)

Care

31.7

+ 94 %

Dallah

58.1

+ 8 %

Sulaiman Al-Habib

363.1

+ 22 %

Saudi German Health

29.1

(17%)

Discretionary

Jarir

290.9

+14%

Fawaz Alhokair*

(116.5)

--

SACO

15.0

(9%)

          Consumer Services Sector

Ataa Educational**

16.3

+232%

National Learning***

13.6

(34%)

Alkhaleej Training

5.3

(19%)

Seera 

(56.9)

--

Leejam

52.7

+98%

Food

Almarai

492.5

(21%)

Other Sectors

Budget Saudi

58.5

+45%

Theeb Rent a Car

27.9

+99%

SGS

(31.5)

--

Saudi Catering

10.7

--

Al Othaim

50.0

(18%)

BinDawood Holding

90.4

+15%

* FY ends in March 2022

**Estimates for Q1 of FY 2022 ending Oct. 2021

*** Estimates for Q4 2021 ended Aug. 2021.     

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