Riyad Cap releases Q2 2022 earnings forecasts for Saudi banks, firms

06/07/2022 Argaam

Tadawul trading screen


Riyad Capital published its Q2 2022 earnings forecast for several Tadawul-listed banks and firms under its coverage.

 

Saudi Basic Industries Corporation’s (SABIC) profit is expected to rise year-on-year (YoY) to SAR 6.2 billion in Q2 2022. In the banking sector, Al Rajhi Bank is likely to post a 17% profit increase YoY to SAR 4.2 billion.  

 

The table below shows Riyad Capital’s outlook for the results of a number of banks and companies under its coverage for the second quarter of 2022:

 

Riyad Capital’s Q2 2022 Profit Forecasts (SAR mln)

Company

Q2 2022

YoY Change

Banking Sector

BSF

839

+9%

SABB

893

(3%)

ANB

636

+35%

Al Rajhi Bank

4207

+17%

Bank Albilad

510

+23%

Alinma Bank

853

+20%

SNB

4720

+123%

Petrochemicals

SABIC

6160

(20%)

SABIC Agri-Nutrients

2080

+149%

Tasnee

290

(19%)

Yansab

215

(64%)

Sipchem

1117

+35%

Saudi Kayan

25

(97%)

Advanced

110

(58)

Telecommunications

stc

3030

+7%

Mobily

325

+33%

Zain KSA

91

+118%

Cement

Yamama Cement

38

(51%)

Saudi Cement

83

(4%)

Qassim Cement

48

(52%)

Southern Cement

65

(32%)

Yanbu Cement

51

+23%

Other Sectors

Almarai

493

+2%

Jarir

218

+15%

SEC

4711

+20%

Sulaiman Al Habib

398

+22%

BinDawood Holding

78

(18%)

Nomu*

Riyad Cement

109

(32%)

Burgerizzr

7

+8%

Alhasoob

5.8

+2%

*H1 2022

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read