SICO Bank issues Q4 2021 earnings forecast for Saudi banks, firms

05/01/2022 Argaam

Tadawul trading screen


SICO Bank published its Q4 2021 earnings forecasts for the Tadawul-listed banks and firms under its coverage, including Saudi National Bank (SNB), Al Rajhi Bank and stc.

 

SNB is expected to post a 5% rise 38% year-on-year (YoY) in Q4 2021 net profit to SAR 3.91 billion. Al Rajhi Bank’s bottom line is forecast to jump 24% YoY to SAR 3.86 billion.

 

Below is a list of SICO Bank’s estimates for Q4 2021 earnings of a number of banks and firms under its coverage:

  

SICO Bank’s Q4 2021 Forecasts (SAR mln)

Company

Q4 2021 Estimates (SAR mln)

YoY Variation

Banque Saudi Fransi

837.0

--

SABB

818.0

+16%

ANB

630.0

+130%

Al Rajhi Bank

3865

+24%

Riyad Bank

1436

+63%

Alinma

739

+88%

SNB

3906

(5%)

Telecommunication Sector

stc

2725

+5%

Mobily

322

+31%

Cement Sector

Yamama Cement

86

(24%)

Saudi Cement

102

(18%)

Arabian Cement

67

+26%

Qassim Cement

70

(38%)

Southern Cement

130

(8%)

Yanbu Cement

79

+12%

Hail Cement

17

(23%)

Tabuk Cement

8

(39%)

Eastern Cement

37

(38%)

Najran Cement

58

(31%)

Umm Al Qura Cement

27

+3%

City Cement

39

(38%)

Industrial Sector

Maaden

2248

--

MEPCO

69

--

Energy Sector

SEC

1904

(41%)

          Foods and Retail

Jarir

304

+6%

Almarai

314

(7%)

Herfy

52

--

SACO 

7

(71%)

BinDawood Holding

75

+31%

Al Othaim

173

+5%

Insurance

Bupa Arabia

175

+153%

Tawuniya

68

(36%)

Other Sectors

SGS

(6.8)

--

Saudi Ceramics

66

+136%

Fitness Time

82

--

 

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