Riyad Capital issues Q4 2020 earnings forecast for Saudi banks, firms

05/01/2021 Argaam Special


Riyad Capital published its Q4 2020 earnings forecast for several Tadawul-listed banks and firms under its coverage.

 

Saudi Basic Industries Corporation (SABIC) is expected to post a profit of SAR 1.76 billion in Q4 2020. In the banking sector, Al Rajhi Bank is likely to post a 16% year-on-year (YoY) profit increase to SAR 2.7 billion.

 

Riyad Capital’s Q4 Profit Forecasts (SAR mln)

Company

Q4 2020 estimates

YoY variation

Banks

BSF

386

(25%)

SABB

1016

+38%

ANB

518

+1%

Samba

972

+28%

Al Rajhi Bank

2694

+16%

Bank Albilad

393

+20%

Alinma Bank

589

+16%

NCB

3354

(0.2%)

Petrochemicals

Petrochem

130

(2%)

SABIC

1764

--

SABIC Agri-Nutrients

296

(14%)

Tasnee

13

--

Yansab

283

65%

Sipchem

34

--

Advanced

197

+3%

Saudi Kayan

48

--

Telecom

stc

2711

+17%

Mobily

215

--

Zain KSA

79

(25%)

Cement

Yamama Cement

84

+8%

 

Saudi Cement

146

+2%

 

Qassim Cement

135

(6%)

 

Southern Cement

164

+1%

 

Yanbu Cement

94

+13%

 

Other

Jarir

273

(1%)

Almarai

425

+36%

SEC

(114)

--

HMG

362

+34%

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