Osool & Bakheet issues Q2 forecasts; expects Al Rajhi profit to rise 3%

23/06/2016 Argaam

Osool & Bakheet Investment Group expects Al Rajhi Bank’s Q2 profit to grow three percent to SAR 2.002 billion year-on-year, as part of a forecast that includes key listed banks and companies.

 

The National Commercial Bank’s (NCB) Q2 profit is expected to increase by 10 percent, while that of Saudi Telecom Co (STC) is forecast to rise 2 percent.

 

Osool & Bakheet profit estimates (SAR mln)

Entity

Q2-2016 estimates

Y-o-Y change

Bank Aljazira

174.1

(76%)

BSF

1,005.4

(1%)

Al Rajhi

2,002.3

+3%

NCB

2,597.5

+10%

Samba

1,331.9

(0.1%)

Maaden

126.9

(53%)

STC

2,617.6

+2%

Advanced

1,37.0

(44%)

SIIG

103.9

(69%)

Safco

290.2

(51%)

Catering

149.5

(15%)

Al Jouf Agricultural

16.1

(20%)

Al Marai

552.0

+4%

Savola

299.4

(31%)

Herfy

48.1

+4%

Najran Cement

42.9

(45%)

City Cement

61.9

(9%)

Northern Cement

30.2

(53%)

Arabian Cement

174.5

+8%

Yamama Cement

140.7

(27%)

Saudi Cement

250.2

(2%)

Southern Cement

256.4

(5%)

Yanbu Cement

152.4

(38%)

Al Zamil

57.2

(23%)

Electrical Industries

9.8

(51%)

GASCO

36.9

+35%

SPIMACO

96.8

(59%)

Saudi Marketing

29.3

(11%)

Jarir

138.5

(11%)

Al Mouwasat

64.3

+15%

Saudi German

98.6

+8%

SACO

38.8

+8%

Dallah

43.0

+20%

Care

36.7

(13%)

Bahri

552.5

+61%

SGS

187.0

+7%

Al Tayyar

261.8

(34%)

Al Hokair Tourism

42.2

(2%)

Dur Hospitality

27.8

(19%)

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