Tadawul trading screen

SNB Capital issued Q1 2022 profit forecasts for a number of Saudi banks and other companies, including Saudi Basic Industries Corp. (SABIC), Al Rajhi Bank and Saudi Electricity Co. (SEC) 

 

SABIC is projected to report a net profit of SAR 5.04 billion for Q1 2022, while Al Rajhi Bank’s earnings are expected to rise by 20% year-on-year (YoY) to nearly SAR 4 billion in the three-month period.   

 

The following table shows SNB Capital’s Q1 2022 profit forecasts for some banks and companies under coverage:

 

 

SNB Capital’s Q1 2022 Profit Forecasts

Company

Q1 2022

Variation vs. Q4 2020

Petrochemicals

SABIC

5035

+4%

SIIG

174

(43%)

Yansab

342

(19%)

Advanced

174

+ 2 %

Tasnee

349

7%+

Sipchem

1175

+186%

SABIC Agri-Nutrients

2745

+549%

Saudi Kayan

513

+4%

Petrochem

225

(28%)

Banks

Al Rajhi Bank

3989

+20%

Alinma Bank

753

+17%

BSF

862

+11%

Bank Albilad

410

+4%

Bank AlJazira

262

(19%)

Telecommunication Services

stc

2968

+1%

Mobily

292

+29%

Zain KSA

43

+5%

solutions

218

+6%

Food & Agriculture

Savola

176

+14%

Almarai

323

(16%)

Healthcare

Saudi German Health

6

(50%)

Mouwasat

150

+2%

Al Hammadi

23

(35%)

Sulaiman Al Habib

366

+15%

Tourism

SGS

16

--

Saudi Catering

59

--

Seera

(36)

--

Retail

Leejam

70

--

eXtra

91

+12%

Alhokair*

13

--

Shaker

11

+75%

Jarir

252

(6%)

Al-Othaim

71

+23%

BinDawood Holding

72

+16%

Cement

Arabian Cement

47

(30%)

Yamama Cement

25

(54%)

Eastern Cement

43

(28%)

Qassim Cement

27

(73%)

Southern Cement

100

(43%)

Saudi Cement

48

(60%)

Yanbu Cement

31

(58%)

 

Real Estate

 

Dar Al Arkan

60

+111%

Taiba

(6)

--

 

Other Sectors

 

SEC

1525

(10%)

SSP

2

--

Tadawul Group

155

(14%)
*Different fiscal year
**Profit before Mudaraba instrument

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Quotes

STC
39.95
0.15 0.38%
ETIHAD ETISALAT
54.60
(0.90) (1.62%)
SAUDI ELECTRICITY
16.78
(0.08) (0.47%)
ALRAJHI
93.50
0.50 0.54%
ALBILAD
35.95
(0.10) (0.28%)
BJAZ
16.54
(0.10) (0.60%)
BSF
31.20
0.00 0.00%
ACC
26.05
(0.10) (0.38%)
EPCCO
33.95
0.15 0.44%
QACCO
53.70
(0.80) (1.47%)
SAUDI CEMENT
40.85
(0.55) (1.33%)
SPCC
33.15
(0.35) (1.04%)
YC
31.30
(0.35) (1.11%)
YCC
23.36
(0.24) (1.02%)
ALMARAI
52.70
(0.20) (0.38%)
TASNEE
10.40
(0.08) (0.76%)
SABIC
69.70
(0.20) (0.29%)
SABIC AGRI-NUTRIENTS
112.00
1.20 1.08%
SAVOLA GROUP
24.26
(0.32) (1.30%)
SIIG
17.62
(0.10) (0.56%)
YANSAB
37.85
(0.90) (2.32%)
TAIBA
39.50
(0.15) (0.38%)
SIPCHEM
24.50
(0.50) (2.00%)
SAUDI KAYAN
7.11
(0.12) (1.66%)
ALINMA
27.65
0.20 0.73%
SEERA
22.54
(0.22) (0.97%)
A.OTHAIM MARKET
11.00
(0.04) (0.36%)
CENOMI RETAIL
13.68
(0.20) (1.44%)
DAR ALARKAN
16.80
0.08 0.48%
Petrochem
45.45
(0.60) (1.30%)
ADVANCED
34.60
(0.35) (1.00%)
ZAIN KSA
10.34
(0.06) (0.58%)
MOUWASAT
92.40
0.90 0.98%
SSP
68.30
1.10 1.64%
CATRION
128.20
(0.80) (0.62%)
EXTRA
96.00
(0.50) (0.52%)
SOLUTIONS
267.80
(2.20) (0.81%)
SGS
50.50
1.25 2.54%
ALHAMMADI
39.55
0.15 0.38%
TADAWUL GROUP
225.40
(2.80) (1.23%)
SULAIMAN ALHABIB
268.00
(3.20) (1.18%)
SAUDI GERMAN HEALTH
70.50
1.50 2.17%
Leejam Sports
177.60
0.40 0.23%
BINDAWOOD
6.84
0.07 1.03%


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