Top 10 Publicly Traded Firms’ Shares, Profit Dividend-wise

“Jarir” and Fitaihi Group (one-off) had the highest return on assets (RoA) at 27.0% and 24.4%, respectively, “Maaal” the Saudi Arabian leading online business daily reported.

The market RoA stood at 5.4%, down from 6.2% in the prior quarter.

On the other hand, Jarir and Extra had the highest return on earnings (RoE) at 60.7% and 37.9%, respectively.

It’s noteworthy, that the market RoE stood at 16.8%, up from 12.9%, in the previous quarter.

Najran Cement and MUSHARAKA REIT had the largest dividend yields (in 2020) at 7.0% and 6.4%, respectively.

Average market dividend yield stood at 2.3%

Saudi Investment Bank and Al-Etihad Cooper had the lowest Price to Earnings P/E ratio of 11.66 and 12.26, respectively.

The market P/E ratio stood at 27.3, down from 36.8 in the prior quarter.

Dar Al-Arkan and SAIB had the lowest P/B ratio of 0.57 and 0.90, respectively.

Market P/B ratio stood at 2.39, up from 2.42 in the prior quarter.

Corporate earnings continued its strong uptrend, in Q2-21, rising by 372.9%.

This is a strong indicator that the economy is vigorously rebounding from the impact of the pandemic and most of the sectors are operating close to pre COVID levels.

Supported by the increase in oil prices, is a fact that augurs well for the future.

Companies’ net profits in the second quarter of 2021 were boosted by rising crude oil prices (Reaching 6-yearlong peaks), economic recovery, and increased worldwide demand, as well.

Energy sector’s net profit climbed by 271.0% in the second quarter of 2021, compared to the same period the previous year, owing this mostly to a SR65.5 billion rise in Saudi Aramco’s net earnings from the same quarter the previous year.

Aramco’s net profit climbed as well, thanks to higher crude oil prices and improved chemical margins, alike, driven up by SABIC’s financial achievements.