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

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

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SNB 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 5.5 billion for Q4 2021, while Al Rajhi Bank’s earnings are expected to jump by 22% year-on-year (YoY) to nearly SAR 3.8 billion for Q4 2021.   

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







SNB Capital’s Q4 2021 Profit Forecasts









Company





Q4 2021





Variation vs. Q4 2020









Petrochemicals











SABIC





5496







+144%











SIIG





246





+5%











Yansab





472





+42%











Tasnee





327





--











Sipchem





1216





+283%











SABIC Agri-Nutrients





2221







--











Saudi Kayan





587





+271%











Petrochem