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
40.45
0.40 1.00%
ETIHAD ETISALAT
52.40
0.00 0.00%
SAUDI ELECTRICITY
16.88
0.14 0.84%
ALRAJHI
91.40
1.50 1.67%
ALBILAD
37.20
0.90 2.47%
BJAZ
17.86
0.38 2.17%
BSF
33.30
0.10 0.30%
ACC
26.90
0.25 0.94%
EPCCO
34.75
0.20 0.58%
QACCO
53.50
0.30 0.56%
SAUDI CEMENT
42.45
0.15 0.35%
SPCC
33.80
0.10 0.30%
YC
33.70
(0.20) (0.59%)
YCC
23.68
0.02 0.08%
ALMARAI
58.10
0.80 1.38%
TASNEE
10.18
0.04 0.39%
SABIC
67.10
0.60 0.90%
SABIC AGRI-NUTRIENTS
111.40
3.00 2.77%
SAVOLA GROUP
40.60
3.65 9.88%
SIIG
16.92
0.06 0.36%
YANSAB
37.05
(0.20) (0.54%)
TAIBA
38.85
1.70 4.57%
SIPCHEM
24.24
0.16 0.66%
SAUDI KAYAN
6.88
0.05 0.74%
ALINMA
28.15
0.15 0.54%
SEERA
22.76
0.04 0.18%
A.OTHAIM MARKET
10.82
(0.02) (0.18%)
CENOMI RETAIL
12.22
0.04 0.33%
DAR ALARKAN
14.48
0.04 0.28%
Petrochem
45.45
(0.60) (1.30%)
ADVANCED
32.20
0.00 0.00%
ZAIN KSA
10.28
0.06 0.59%
MOUWASAT
86.40
(1.20) (1.37%)
SSP
67.00
0.40 0.60%
CATRION
119.60
(1.60) (1.32%)
EXTRA
98.90
0.90 0.92%
SOLUTIONS
277.60
2.00 0.73%
SGS
50.60
0.10 0.20%
ALHAMMADI
39.10
0.10 0.26%
TADAWUL GROUP
221.00
2.00 0.91%
SULAIMAN ALHABIB
290.00
(8.60) (2.88%)
SAUDI GERMAN HEALTH
70.70
0.10 0.14%
Leejam Sports
188.40
2.20 1.18%
BINDAWOOD
6.60
0.02 0.30%


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