Tadawul trading screen
Ubhar Capital issued its Q1 2026 profit forecasts for several Saudi companies and banks under its coverage. 
The brokerage expects Al Rajhi Bank to post first-quarter net earnings of SAR 6.2 billion, up 5% year-on-year (YoY). Saudi Basic Industries Corp. (SABIC) is seen to post nearly SAR 538 million in net profit against a net loss during the same period in 2025.
Ubhar Capital’s Q1 2026 Earnings Forecasts (SAR mln)
Company
Q1 2026
YoY Change
Banks
SNB
6474.6
8%
Al Rajhi
6207.0
5%
SAB
2178.6
2%
Basic Materials
SABIC
538.0
—
Sipchem
(52.4)
—
Tasnee
(24.7)
—
Yansab
103.7
659%
SIIG
14.2
(22%)
Maaden
1468.7
(5%)
SABIC AN
1008.6
2%
Cement
Yamama Cement
118.9
(16%)
Saudi Cement
93.7
(14%)
City Cement
35.9
(30%)
Qassim Cement
53.1
(40%)
Telecommunications
stc
3175.2
(13%)
Mobily
862.2
12%
Insurance
Bupa Arabia
442.5
16%
Tawuniya
307.0
17%
Healthcare
Sulaiman Al Habib
656.4
18%
Mouwasat
210.6
7%
Dallah Health
103.0
(34%)
Al Hammadi
72.8
(2%)
Jamjoom Pharma
172.9
10%
Information Technology
solutions
352.4
(2%)
MIS
8.9
(74%)
Food and Staples Retailing
SADAFCO
118.0
(6%)
BinDawood Holding
63.5
(5%)
Al Othaim
63.5
(17%)
Cenomi Centers
210.5
(3%)
Leejam
58.4
(18%)
Other Sectors
Ataa*
17.2
24%
Tadawul trading screen
Ubhar Capital issued its Q1 2026 profit forecasts for several Saudi companies and banks under its coverage.
The brokerage expects Al Rajhi Bank to post first-quarter net earnings of SAR 6.2 billion, up 5% year-on-year (YoY). Saudi Basic Industries Corp. (SABIC) is seen to post nearly SAR 538 million in net profit against a net loss during the same period in 2025.
Ubhar Capital’s Q1 2026 Earnings Forecasts (SAR mln)
Company
Q1 2026
YoY Change
Banks
SNB
6474.6
8%
Al Rajhi
6207.0
5%
SAB
2178.6
2%
Basic Materials
SABIC
538.0
—
Sipchem
(52.4)
—
Tasnee
(24.7)
—
Yansab
103.7
659%
SIIG
14.2
(22%)
Maaden
1468.7
(5%)
SABIC AN
1008.6
2%
Cement
Yamama Cement
118.9
(16%)
Saudi Cement
93.7
(14%)
City Cement
35.9
(30%)
Qassim Cement
53.1
(40%)
Telecommunications
stc
3175.2
(13%)
Mobily
862.2
12%
Insurance
Bupa Arabia
442.5
16%
Tawuniya
307.0
17%
Healthcare
Sulaiman Al Habib
656.4
18%
Mouwasat
210.6
7%
Dallah Health
103.0
(34%)
Al Hammadi
72.8
(2%)
Jamjoom Pharma
172.9
10%
Information Technology
solutions
352.4
(2%)
MIS
8.9
(74%)
Food and Staples Retailing
SADAFCO
118.0
(6%)
BinDawood Holding
63.5
(5%)
Al Othaim
63.5
(17%)
Cenomi Centers
210.5
(3%)
Leejam
58.4
(18%)
Other Sectors
Ataa*
17.2
24%
