Al Rajhi Capital issues Q4 2021 profit forecasts for Saudi companies
- Date: 09-Jan-2022
- Source: Argaam
- Sector:Financial Markets
- Country:Saudi Arabia
Al Rajhi Capital issues Q4 2021 profit forecasts for Saudi companies
Al Rajhi Capital issued Q4 2021 earnings forecasts for Saudi-listed companies under its coverage.
Saudi Arabian Oil Co. (Saudi Aramco) is forecast to post a hike of 141% year-on-year (YoY) in Q4 2021 net profit to SAR 124.8 billion. Saudi Basic Industries Corp. (SABIC) is expected to report a profit of SAR 5.5 billion during the same period.
Al Rajhi Capital’s Q4 Forecasts (SAR mln)
Company
Q4
2021 Estimates (SAR mln)
YoY Variation
Petrochemicals
SABIC
5502
+145%
Sipchem
1023
+222%
SABIC Agri-Nutrients
2108
+802%
Yansab
355
+7%
Cement
Arabian Cement
28
(47%)
Yamama Cement
28
(70%)
Saudi Cement
65
(48%)
Qassim Cement
36
(68%)
Yanbu Cement
27
(62%)
Southern Cement
99
(30%)
Najran Cement
41
(51%)
Riyadh Cement**
89
(10%)
Telecommunications
stc
2936
+13%
Mobily
294
+20%
Zain KSA
88
+144%
Food Agriculture
Almarai
309
(8%)
SADAFCO*
42
(25%)
Savola
135
+202%
Herfy
42
+104%
Retail
Jarir
279
(3%)
Fawaz Alhokair*
10
--
Al Othaim Markets
101
(39%)
eXtra
122
+20%
BinDawood
57
(1%)
Healthcare
Dallah
54
+216%
Mouwasat
145
+1%
Care
34
+55%
Al Hammadi
46
+52%
Other Sectors
Saudi Aramco
124789
+141%
Bupa Arabia
133
+93%
Tawuniya
86
+96%
Leejam Sports
78
--
Saudi Ceramic
50
+79%
SISCO
6
(79%)
Aldrees
58
+47%
Bawan
41
+37%
MIS
29
+9%
solutions by stc
132
+79%
Al Yamamah Steel*
40
(6%)
*Follow different fiscal year
** Nomu-listed company with estimates for H2 2021.