Riyad Capital issues Q4 2022 earnings forecasts for Saudi banks, firms under coverage

Tadawul trading screen

Riyad Capital released Q4 2022 earnings forecasts for several Tadawul-listed banks and firms under its coverage.

 

Saudi Basic Industries Corporation (SABIC) is expected to post a 70% year-on-year (YoY) plunge in net profit to SAR 1.5 billion in Q4 2022. On the flip side, Al Rajhi Bank is likely to post a 9% profit rise YoY to SAR 4.38 billion in the three-month period.  

 

Riyad Capital’s Q4 2022 Profit Forecasts (SAR mln)

Company

Q4 2022

YoY Change

Banking Sector

BSF

1022

+3%

SABB

1274

+198%

ANB

891

+95%

Al Rajhi Bank

4382

+9%

Bank Albilad

528

+23%

Alinma Bank

944

+52%

SNB

4675

+58%

Petrochemicals

SABIC

1501

(70%)

SABIC Agri-Nutrients

1911

(31%)

Tasnee

38

(89%)

Yansab

(29)

--

Sipchem

518

(61%)

Advanced

20

(88%)

Saudi Kayan

(515)

--

SIIG

51

(58%)

Telecommunications

stc

2804

+7%

Mobily

383

+19%

Zain KSA

87

+22%

Cement

Yamama Cement

109

--

Saudi Cement

105

+56%

Qassim Cement

41

+21%

Southern Cement

100

+13%

Yanbu Cement

72

+629%

Other Sectors

Almarai

323

+13%

Jarir

259

(1%)

SEC*

1043

--

Sulaiman Al Habib

447

+13%

BinDawood Holding

(7)

--

solutions

306

+167%

Elm

226

+105%

Nomu-Parallel Market  

Riyadh Cement

97

+90%

Burgerizzr

5

(44%)

Al Hasoob

3.7

(41%)
* Saudi Electricity Co. (SEC) net loss stood at SAR 888 million, after Mudaraba instrument 

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Quotes

STC
42.15
(0.30) (0.71%)
ETIHAD ETISALAT
51.80
(0.90) (1.71%)
SAUDI ELECTRICITY
16.40
(0.08) (0.49%)
ALRAJHI
88.00
(0.30) (0.34%)
ALBILAD
36.80
0.20 0.55%
ANB
18.94
(0.02) (0.11%)
SAB
33.80
(0.60) (1.74%)
BSF
31.20
0.00 0.00%
QACCO
52.30
(0.50) (0.95%)
SAUDI CEMENT
40.20
0.05 0.12%
SPCC
33.10
0.05 0.15%
YC
32.05
0.65 2.07%
YCC
23.00
(0.02) (0.09%)
ALMARAI
55.10
(0.70) (1.25%)
TASNEE
10.68
(0.06) (0.56%)
SABIC
72.70
(0.20) (0.27%)
SABIC AGRI-NUTRIENTS
113.80
(1.80) (1.56%)
SIIG
17.84
(0.52) (2.83%)
YANSAB
39.80
(0.30) (0.75%)
JARIR
13.24
(0.10) (0.75%)
SIPCHEM
26.30
(0.10) (0.38%)
SAUDI KAYAN
7.78
(0.04) (0.51%)
ALINMA
28.10
(0.25) (0.88%)
ADVANCED
36.35
0.15 0.41%
ZAIN KSA
10.56
(0.12) (1.12%)
SOLUTIONS
255.20
(4.80) (1.85%)
SNB
33.15
(0.50) (1.49%)
SULAIMAN ALHABIB
286.20
0.20 0.07%
RIYADH CEMENT
28.20
0.20 0.71%
BINDAWOOD
7.12
0.19 2.74%
ELM
1,022.60
(3.60) (0.35%)
BURGERIZZR
20.48
(1.94) (8.65%)
ALHASOOB
44.90
(0.05) (0.11%)


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