Osool & Bakheet issues Q3 2020 earnings forecasts for Saudi banks, firms

07/10/2020 Argaam Special


Osool and Bakheet Investment Co. released Q3 2020 earnings forecasts for some Saudi banks and firms under its coverage, including Saudi Basic Industries Corporation (SABIC), Al Rajhi Bank and Saudi Telecom Co. (STC).

 

SABIC is expected to post a 49% profit rise year-on-year (YoY) to SAR 1 billion in Q3 2020.

 

Al Rajhi Bank’s earnings are seen down 8% YoY to SAR 2.6 billion in Q3 2020.

 

Osool & Bakheet Profit Estimates (SAR mln)

Company

Q3 2020 estimates

YoY Variation

Banks

Al Rajhi

2,600.0

(8% )

AlJazira

200.0

(22% )

BSF

510.0

(42% )

SABB

850.0

(20% )

Albilad

330.0

+1%

Alinma

550.0

(23% )

NCB

2,100.0

(17% )

ANB

550.0

(34% )

Samba

1,100.0

(10% )

Materials

SABIC

1,000

+49%

SAFCO

360.0

(13% )

Yansab

125.0

(4%1)

Hail Cement

19.0

+150%

Najran Cement

45.9

+225%

City Cement

51.5

+2%

Umm Al-Qura

28.0

+48%

Arabian Cement

71.0

+17%

Yamama Cement

77.0

+41%

Saudi Cement

113.0

+36%

Qassim Cement

135.3

+50%

Southern Province

158.2

+75%

Yanbu Cement

72.5

+17%

Eastern Province Cement

39.0

+7%

Healthcare

Mouwasat

113.1

+22%

Al Hammadi

35.2

+66%

Sulaiman Al Habib

232.7

+18%

Saudi German Hospital

30.8

(7% )

Medical Care

 25.2

+51%

Dallah

28.6

+7%

Telecommunications

STC

2,560.0

(%7)  

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