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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 | 281 | +12% |
Telecommunication Services | ||
stc | 2880 | +11% |
Mobily | 305 | +24% |
Zain KSA | 59 | +64% |
solutions | 213 | +190% |
Food & Agriculture | ||
Savola | 75 | +68% |
Almarai | 346 | +3% |
Healthcare | ||
Saudi German Health | 23 | (19%) |
Mouwasat | 147 | +3% |
Al Hammadi
39
+29%
Sulaiman Al Habib
326
+3%
Tourism
SGS
(one)
Saudi Catering
25
—
It was
(37)
—
Retail
Leejam
82
—
Alhokair*
36
—
Shaker
5
+297%
Jarir
301
+5%
Al-Othaim
152
(8%)
BinDawood Holding
69
+20%
Cement
Arabian Cement
(19%)
Yamama Cement
59
Eastern Cement
53
(fifteen%)
Qassim Cement
75
(3. 4%)
Southern Cement
118
(16%)
Saudi Cement
62
(fifty%)
Yanbu Cement
60
(fifteen%)
Real Estate
Dar Al Arkan
28
+124%
Taiba
(27)
—
Banks
Al Rajhi Bank
3804
+22%
Alinma Bank
774
+96%
BSF
882
—
Bank Albilad
466
+23%
Bank Al Jazeera
325
—
Other Sectors
SEC
1719
(46%)
SSP
(4)
—
*Q3 as FY ends in March
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