AlJazira Capital issues Q4 2022 earnings forecast for Saudi banks, companies

12/01/2023 Argaam

AlJazira Cap issues Q4 2022 earnings forecast for Saudi banks, companies

Tadawul trading screen


AlJazira Capital published its Q4 2022 earnings forecasts for the Tadawul-listed banks and firms under its coverage, including Al Rajhi Bank and Saudi Basic Industries Corp. (SABIC). 

  

SABIC is likely to post net profit of SAR 2.53 billion in Q4 2022. Al Rajhi Bank’s net profit is expected to increase 11% year-on-year (YoY) to SAR 4.45 billion.

 

Below is a list of AlJazira Capital’s estimates for Q4 2022 earnings of a number of banks and firms under its coverage:

 

AlJazira Capital’s Q4 2022 Forecasts (SAR mln)

Company

Q4 2022 Estimates

(SAR mln)

YoY Variation

Banking Sector

Al Rajhi Bank

4,452.9

+11%

Alinma Bank

1,127.2

+82%

Bank Albilad

555.4

+30%

Telecommunication Sector

stc

2,923.9

+12%

Mobily

391.0

+22%

Zain KSA

107.2

+50%

Materials Sector

SABIC

2,533.7

(49%)

Tasnee

36.5

(89%)

Yansab

(36.7)

--

SABIC Agri-Nutrients

1,926.9

(30%)

Sipchem

536.4

(59%)

Advanced

25.6

(84%)

Saudi Kayan

(691.6)

--

Maaden

1,462.0

(30%)

Yamama Cement

94.2

--

Saudi Cement

116.0

+72%

Southern Cement

98.4

+12%

Qassim Cement

54.8

+62%

Arabian Cement

64.9

+178%

Yanbu Cement

73.9

+649%

City Cement

29.4

+352%

Eastern Cement

46.7

+13%

Healthcare Sector

Al Hammadi

62.3

--

Mouwasat

143.9

(2%)

Care

43.9

+20%

Dallah Healthcare

82.6

(24%)

Sulaiman Al-Habib

442.5

+15%

Saudi German Health

14.2

--

Discretionary

Jarir

269.3

+3%

Cenomi Retail*

20.3

+21%

SACO

(37.9)

--

          Consumer Services Sector

Seera 

6.5

--

Leejam

76.8

(11%)

Food

Almarai

446.6

+56%

Other Sectors

Budget Saudi

64.7

+25%

Theeb Rent A Car

49.8

+5%

SGS

(31.1)

--

Saudi Catering

55.7

+21%

Al Othaim

150.20

(3%)

BinDawood Holding

22.2

+68%

2P

37.2

(11%)

* FY ends in March 2023

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