SNB Capital issues Q4 2021 profit forecasts for Saudi banks, firms
- Date: 10-Jan-2022
- Source: Argaam
- Sector:Financial Markets
- Country:Saudi Arabia
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