Ubhar Capital issues Q4 2022 earnings forecasts for Saudi banks, companies

16/01/2023 Argaam Special


Ubhar Capital issued Q4 2022 earnings forecasts for a number of Saudi banks and companies under coverage.

 

Saudi Basic Industries Corporation (SABIC) is forecast to report a net profit of SAR 1.42 billion, a decline of 71% year-on-year (YoY), while Al Rajhi Bank is estimated to generate net earnings of SAR 4.38 billion, an increase of 9% YoY.

 

The following are the brokerage’s Q4 2022 earnings forecasts:

 

Ubhar Capital Q4 2022 Earnings Forecasts for Companies, Banks (SAR mln)

Company

Q4 2022 estimates

YoY

Banks

SNB

4957.0

+67%

Al Rajhi Bank

4380.9

+9%

SABB

1245.4

+192%

Materials

Advanced

10.5

(94%)

Yansab

(84.3)

--

SIIG

108.8

(11%)

SABIC

1424.4

(71%)

Petro Rabigh

(868.8)

--

Sipchem

280.2

(79%)

Tasnee

329.0

(3%)

Maaden

1784.6

(15%)

SABIC Agri-Nutrients

2126.8

(23%)

Telecommunications

stc

3136.6

+20%

Mobily

389.4

+21%

Zain KSA

32.3

(55%)

Insurance

Bupa Arabia

15.1

(24%)

Tawuniya

25.8

--

Saudi Re

2.7

+260%

Healthcare

Sulaiman Al Habib

424.3

+11%

Mouwasat

140.4

(4%)

Dallah Healthcare

69.8

(36%)

Al Hammadi

57.6

+440%

Saudi German Health

12.1

--

IT

solutions

279.9

+145%

MIS

29.8

+210%

Food Retailing

Jarir

241.0

(8%)

SADAFCO*

75.2

+22%

Almarai

443.6

+55%

BinDawood Holding

12.7

(4%)

Al Othaim

125.4

(19%)

Alandalus Property

16.0

+54%

Cenomi Centres*

150.0

+41%

Leejam

69.0

(20%)

Other Sectors

Ataa Educational*

17.8

--

Saudi Ceramics

50.8

+8%

*Different FY

 

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