Osool & Bakheet issues Q1 2021 earnings forecasts for Saudi banks, firms

12/04/2021 Argaam Special

Tadawul trading screen


Osool and Bakheet Investment Co. released Q1 2021 earnings forecasts for 30 Saudi banks and companies under its coverage, including Saudi Basic Industries Corporation (SABIC) and Al Rajhi Bank.

 

SABIC is expected to post earnings of SAR 4.62 billion for Q1 2021. Al Rajhi Bank's net earnings are expected to rise 33% year-on-year (YoY) to SAR 3.16 billion.

  

Osool & Bakheet Profit Estimates (SAR mln)

Company

Q1 2021 estimates

YoY Variation

  Banks

Al Rajhi

3160.7

+33%

AlJazira

259.2

+43%

BSF

654.2

(4%)

SABB

878.1

(15%)

Albilad

396.1

+47%

Alinma

570.9

+54%

SAIB

271.2

+80%

ANB

448.7

(30%)

Riyad

1318.1

(11%)

Materials

Hail Cement

28.5

(29%)

Najran Cement

55.8

+39%

City Cement

63.7

(10%)

Umm Al-Qura

28.0

(27%)

Arabian Cement

68.0

+51%

Saudi Cement

101.0

(32%)

Qassim Cement

88.0

(21%)

Southern Cement

172.0

(6%)

Yanbu Cement

69.1

(25%)

Eastern Cement

54.0

(37%)

SABIC

4620.0

--

Saudi Kayan

132.0

--

Yansab

301.0

+188%

Sipchem

397.0

--

Healthcare

Mouwasat

141.0

+31%

Al Hammadi

34.7

+39%

Sulaiman Al Habib

307.3

+25%

Dallah

45.3

+136%

Retail

eXtra

38.4

+11%

Jarir

271.0

+8%

Farm Superstores

7.0

(14%)

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