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
39.90
0.10 0.25%
ETIHAD ETISALAT
54.90
(0.60) (1.08%)
SAUDI ELECTRICITY
16.78
(0.08) (0.47%)
ALRAJHI
93.70
0.70 0.75%
ALBILAD
36.05
0.00 0.00%
ANB
19.48
(0.12) (0.61%)
SAB
31.65
(0.05) (0.16%)
BSF
31.35
0.15 0.48%
QACCO
53.90
(0.60) (1.10%)
SAUDI CEMENT
41.05
(0.35) (0.85%)
SPCC
33.20
(0.30) (0.90%)
YC
31.30
(0.35) (1.11%)
YCC
23.42
(0.18) (0.76%)
ALMARAI
52.60
(0.30) (0.57%)
TASNEE
10.42
(0.06) (0.57%)
SABIC
70.00
0.10 0.14%
SABIC AGRI-NUTRIENTS
111.80
1.00 0.90%
SIIG
17.70
(0.02) (0.11%)
YANSAB
38.00
(0.75) (1.94%)
JARIR
12.72
(0.04) (0.31%)
SIPCHEM
24.54
(0.46) (1.84%)
SAUDI KAYAN
7.14
(0.09) (1.24%)
ALINMA
27.85
0.40 1.46%
ADVANCED
34.65
(0.30) (0.86%)
ZAIN KSA
10.38
(0.02) (0.19%)
SOLUTIONS
266.40
(3.60) (1.33%)
SNB
33.15
(0.15) (0.45%)
SULAIMAN ALHABIB
269.00
(2.20) (0.81%)
RIYADH CEMENT
32.20
(0.45) (1.38%)
BINDAWOOD
6.84
0.07 1.03%
ELM
1,096.80
(15.20) (1.37%)
BURGERIZZR
23.90
1.08 4.73%
ALHASOOB
57.10
4.70 8.97%


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