NCB Capital issues Q2 2021 earnings forecasts for Saudi companies, banks

05/07/2021 Argaam Special

Tadawul trading screen


NCB Capital issued its Q2 2021 earnings forecasts for a number of Saudi-listed companies and banks under its coverage, including Saudi Basic Industries Corporation (SABIC) and Al Rajhi Bank

 

SABIC is expected to post a profit of around SAR 6.4 billion in Q2 2021, while Al Rajhi Bank’s earnings are forecast to rise 43% year-on-year (YoY) to SAR 3.5 billion in the same period. 

 

Q2 2021 Net Profit Forecast (SAR mln)

Company

Q2 2021 (Estimates)

YoY Change

Petrochemicals

SABIC

6418.0

--

SIIG

346.0

--

Yansab

641.0

--

Advanced

247.0

+59%

Tasnee

302.0

--

Sipchem

770.0

--

SABIC Agri-Nutrients

743.0

+107%

Saudi Kayan

779.0

--

Petrochem

324.0

--

Telecom

Mobily

254.0

+37%

Zain KSA

41.0

(30%)

Food and Agriculture

Savola

237.0

(42%)

Almarai

579.0

(10%)

Healthcare

Saudi German Hospital

12.0

(27%)

Mouwasat

144.0

+ 24%

Al Hammadi

46.0

+18%

Sulaiman Al Habib Group

315.0

+64%

Tourism

SGS

(84.0)

--

Saudi Catering

(24.0)

--

Seera

(87.0)

--

Retail

Leejam Sports

31.0

--

eXtra

91.0

+1%

Fawaz Alhokair*

151.0

--

Shaker

9.1

+77%

Jarir

222.0

+7%

Al Othaim

65.0

(48%)

BinDawood

80.0

(57%)

Cement

Arabian Cement

48.0

+531%

Yamama Cement

46.0

(4%)

Eastern Cement

50.0

+64%

Qassim Cement

89.0

+4%

Southern Cement

116.0

(14%)

Saudi Cement

90.0

+19%

Yanbu Cement

53.0

+45%

Real Estate

Dar Al-Arkan

30.0

+189%

Taiba

0.5

(99%)

Banks

Al Rajhi

3477.0

+43%

Alinma

704.0

+23%

Banque Saudi Fransi

805.0

+84%

Albilad

420.0

+32%

Aljazira

313.0

+89%

Others

Saudi Electricity

4659.0

--

Saudi Steel Pipe

(7.3)

--

*Q1 as the fiscal year ends in March. 

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read