Osool & Bakheet issues Q3 2021 earnings forecasts for Saudi companies, banks

05/10/2021 Argaam Special

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Osool & Bakheet Investment Co. issued Q3 2021 earnings forecasts for 38 Saudi-listed companies and banks.

 

Saudi Basic Industries Corp. (SABIC) is projected to post a net profit of SAR 6.9 billion in the three-month period. Al Rajhi Bank’s earnings are forecast to rise 42% year-on-year (YoY) to SAR 3.76 billion in the same period. 

 

Earnings Forecasts for Q3 2021 (SAR mln)

Company

Q3 2021

Variation % (YoY)

Banks

Al Rajhi Bank

3763.2

+42%

Bank Aljazira

223.0

+23%

BSF

819.4

+146%

SABB

960.6

(8%)

Bank Albilad

414.1

+8%

Alinma Bank

807.9

+28%

SAIB

312.2

+4%

ANB

523.6

(22%)

Riyad Bank

1561.5

+20%

SNB

3861.4

--

Materials

Hail Cement

16.2

(29%)

Najran cement

26.3

(45%)

City Cement

56.8

+11%

Umm Al-Qura Cement

16.0

(50%)

Arabian Cement

34.4

(56%)

Saudi cement

75.8

(30%)

Qassim Cement

83.4

(24%)

Southern Cement

93.7

(38%)

Yanbu Cement

37.5

(55%)

Eastern Cement

54.8

+27%

Tabuk Cement

3.4

(64%)

Yamama Cement

59.5

(23%)

SABIC

6900.0

+534%

Saudi Kayan

638.5

--

Yansab

522.9

+167%

Sipchem

868.0

--

SABIC Agri-Nutrients

1317.1

+231%

Alujain

117.2

+637%

Advanced

235.0

+50%

Bawan

39.0

+32%

Healthcare

Mouwasat

145.0

(10%)

Al Hammadi

42.1

+15%

Sulaiman Al Habib

331.5

+11%

Dallah

45.2

(16%)

Communications

stc

2880.0

+4%

Mobily

245.0

+10%

Zain KSA

43.1

(28%)

 

Other Sectors

 

Petro Rabigh

890.1

--

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