Riyad Capital issues Q4 2021 profit forecasts for Saudi banks, firms
- Date: 09-Jan-2022
- Source: Argaam
- Sector:Financial Markets
- Country:Saudi Arabia
Riyad Capital issues Q4 2021 profit forecasts for Saudi banks, firms
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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
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