‎Riyad Capital issues Q4 2021 profit forecasts for Saudi banks, firms

‎Riyad Capital issues Q4 2021 profit forecasts for Saudi banks, firms

Tadawul trading screen

Riyad Capital issued Q4 2021 profit forecasts for a number of Saudi banks and other companies, including Saudi Basic Industries Corp. (SABIC) and Al Rajhi Bank.  

SABIC is estimated to report a net profit of SAR 5.6 billion for Q4 2021, while Al Rajhi Bank’s earnings are expected to jump by 28% year-on-year (YoY) to SAR 4 billion for Q4 2021.

The following table shows Riyad Capital’s Q4 2021 profit forecasts for a number of banks and companies under coverage:







Riyad Capital’s Q4 2021 Profit Forecasts









Company





Q4 2021





Variation vs. Q4 2020









Banks











BSF





677





+620











SABB





639





(9%)











ANB





25.50





+38%











Al Rajhi Bank





4000





+28%











Bank Albilad





436





+15%











Alinma Bank





617







+57%











SNB





3620





--