Aljazira Cap issues Q2 2021 earnings forecast for Saudi banks, firms

05/07/2021 Argaam Special

Tadawul trading screen


Aljazira Capital published its Q2 2021 earnings forecasts for a number of Tadawul-listed banks and firms under its coverage, which were led by Al Rajhi Bank, Saudi Basic Industries Corp. (SABIC), and stc. 

  

SABIC is expected to post net profit of SAR 5.6 billion in Q2 2021. Al Rajhi Bank’s net profit is forecast to rise 47% year-on-year (YoY) to SAR 3.6 billion.

 

Below is a list of Aljazira Capital’s estimates for Q2 2021 earnings of a number of banks and firms under its coverage:

 

Aljazira Capital’s Q2 Forecasts (SAR mln)

Company

Q2 2021 Estimates (SAR mln)

YoY Variation

Banking Sector

Al Rajhi Bank

3579.0

+47%

Alinma Bank

656.9

+15%

Bank Albilad

419.6

+32%

Telecommunication Sector

stc

3056.2

+12%

Mobily

245.9

+33%

Zain KSA

47.2

(20%)

Materials Sector

SABIC

5643.6

--

Tasnee

259.4

--

Yansab

535.0

--

SABIC Agri-Nutrients

809.3

+125%

Sipchem

670.7

--

Advanced

196.8

+27%

Saudi Kayan

688.4

--

Petrochem

327.7

--

Maaden

1348.8

--

Yamama Cement

46.5

(3%)

Saudi Cement

82.6

+9%

Southern Cement

107.3

(21%)

Qassim Cement

94.7

+11%

Arabian Cement

10.6

+33%

Yanbu Cement

39.1

+7%

City Cement

32.7

(11%)

Eastern Cement

28.5

(5%)

Healthcare Sector

Al Hammadi

40.3

+3%

Mouwasat

133.4

+15%

Care

31.8

+23%

Dallah

53.6

+666%

Sulaiman Al-Habib

323.2

+68%

SGH

19.1

+19%

Discretionary

Jarir

213.5

+2%

Fawaz Alhokair*

181.4

--

SACO

19.4

(41%)

          Consumer Services Sector

Seera 

(97.2)

--

Leejam Sports

27.7

--

Food

Almarai

607.4

(6%)

Other Sectors

Budget Saudi

59.6

+164%

Theeb

27.5

--

SGS

2.2

--

Saudi Catering

(12.3)

--

Al-Othaim

58.6

(53%)

BinDawood Holding

90.9

(51%)

* FY ends in March 2021     

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