Research

At a Glance | Saudi Automotive Services Company (SASCO) 4Q21 Indicators: Earnings jump 52% y-o-y on revenue nearly doubling on stronger volumes and pricing

At a Glance | Saudi Company for Hardware (SACO) 4Q21 Results: Losses widen on supply disruptions; missing estimates

At a Glance | Edita Food Industries 4Q21 Indicators: Earnings surge 55% y-o-y on solid top line growth and operating leverage; beat our estimate

Corporate Action | Abdullah Al Othaim Markets Co: Alothaim to distribute 2H21 DPS of SAR2.00, which yields 1.79%

At a Glance | Abdullah Al Othaim Markets Co 4Q21 Results: Earnings drop 7% y-o-y on weaker margins due to discounts and store openings; missing our estimates

At a Glance | Obour Land for Food Industries (OLFI) 4Q21 Results: Core earnings surge 26% y-o-y on strong top line and lower SG&A, offset rising costs of production

At a Glance | Jarir Marketing Company 4Q21 Results: Earnings drop 9% y-o-y reflecting weaker top line on supply disruptions

First Impression │ Saudi Automotive Services Company (SASCO) acquires 80% of share capital of KSA's fourth largest gasoline retailer NAFT

At a Glance | United Electronics Company (Extra) 4Q21 Results: Earnings jump 24% y-o-y thanks to rising contribution of high-margin consumer finance subsidiary, despite top line weakness

Valuation Update | Abdullah Al Othaim Markets Co: Expect margin improvement starting 2022e; maintain Hold

At a Glance | Arabian Food Industries (Domty) 3Q21 Results: Domty returns to profits on sales recovery, despite continued margin pressure on elevated commodity prices

Sector Update | Egypt Food Producers: Cut FVs on lurking cost inflation; still buyers of EFID, DOMT, JUFO, management risk aside

At a Glance | Saudi Company for Hardware (SACO) 3Q21 Indicators: SACO turns loss making on supply disruptions

At a Glance | Abdullah Al Othaim Markets Co 3Q21 Results: Earnings decline 26% y-o-y on discounts and unfavorable change in mix, offsetting top line growth from low base

At a Glance | Edita Food Industries 3Q21 Results: Core earnings jump 12% y-o-y, reflecting continued top line recovery and higher interest income offseting margin compression on higher commodity prices

At a Glance | Obour Land for Food Industries (OLFI) 3Q21 Results: Core earnings up 14% y-o-y on gross margin expansion as the firm continued to utilize low-cost raw materials inventory

At a Glance | Saudi Automotive Services Company (SASCO) 3Q21 Indicators: Earnings drop 35% y-o-y from high base, despite revenue nearly doubling on stronger volumes and pricing

First Impression | Edita Food Industries raises price points across most of its bakery offering; positive first impression

Conference Call Highlights | Arabian Food Industries (Domty) Results

At a Glance | Arabian Food Industries (Domty) 2Q21 Results: Losses widen in 2Q21 but unaudited 3Q21 indicators point to recovery after phasing out agents