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Riyad Capital has released its Q2 2026 earnings forecasts for several Saudi companies, highlighting significant variations across sectors. The brokerage predicts a 14% year-on-year increase in Al Rajhi Bank’s net profit to SAR 7 billion, while SABIC is expected to report a SAR 308 million loss during the same period. Other petrochemical firms like SABIC AN and Yansab show mixed results, with Yansab projecting a 418% profit surge and Sipchem forecasting a loss. The forecasts underscore the divergent performance of Saudi equities in a challenging economic environment.
These projections are critical for investors assessing the health of key Saudi sectors, particularly banking and petrochemicals. Al Rajhi Bank’s growth signals resilience in the financial sector, while SABIC’s loss reflects ongoing pressures in the petrochemical industry. Traders should monitor these forecasts closely, as they may influence short-term stock valuations and investor sentiment on the Tadawul All Share Index.
For Gulf investors, the forecasts highlight the importance of sector diversification. The banking sector’s stability contrasts with the volatility in petrochemicals, driven by global commodity prices and domestic demand. Key watchpoints include actual Q2 2026 results versus projections and broader macroeconomic indicators like oil prices and interest rates.
