SICO Bank issues Q1 2023 forecasts for Saudi banks, firms

Tadawul trading screen

SICO Bank published its Q1 2023 forecasts for some Tadawul-listed banks and firms under its coverage.

 

Al Rajhi Bank is expected post a 2% rise year-on-year (YoY) in the first-quarter net profit to 4.20 billion. 

 

Telecom operator stc is predicted to post a net profit of SAR 3.25 billion by the end of the three-month period. 

 

Below is a list of SICO Bank’s Q1 2023 estimates for the banks and firms under its coverage:

 

SICO Bank’s Q1 2023 Forecasts (SAR mln)

Company

Q1 2023 Estimates

(SAR mln)

YoY Change

Al Rajhi Bank

4209

+2%

Alinma

971

+18%

ANB

798

+23%

BSF

1002

+15%

SNB

4683

+4%

Riyad Bank

1996

+29%

SABB

1485

+48%

Telecommunication Sector

stc

3250

+7%

Mobily

449

+41%

Cement Sector

Arabian Cement

39

(7%)

City Cement

37

+115%

Eastern Cement

63

+117%

Hail Cement

15

--

Najran Cement

46

+97%

Qassim Cement

61

+143%

Saudi Cement

94

+54%

Southern Cement

108

+24%

Tabuk Cement

10

--

Umm Al Qura Cement

( 2)

--

Yamama Cement

93

+214%

Yanbu Cement

63

+60%

Petrochemical Sector

SABIC Agri-Nutrients

1149

(54%)

Yansab

(102)

--

Maaden

1198

(45%)

Foods and Retail Sector

Almarai

372

(12%)

Al Othaim

92.6

+1%

BinDawood Holding

59

(11%)

Jarir

258

+3%

Herfy

9.1

(68%)

Americana

64.2

--

Insurance Sector

Bupa Arabia

157

+67%

Tawuniya

79

+292%

Other Sectors

SGS

(30)

--

Saudi Ceramics

49

(5%)

Fitness Time

62

+35%

Sulaiman Al Habib

410

+5%

Mouwasat 

186

+24%

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Quotes

STC
39.95
0.15 0.38%
ETIHAD ETISALAT
54.60
(0.90) (1.62%)
TAWUNIYA
130.80
(0.20) (0.15%)
ALRAJHI
93.50
0.50 0.54%
ANB
19.50
(0.10) (0.51%)
RIBL
26.60
0.00 0.00%
SAB
31.50
(0.20) (0.63%)
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%)
TCC
12.34
(0.32) (2.53%)
YC
31.30
(0.35) (1.11%)
YCC
23.36
(0.24) (1.02%)
ALMARAI
52.70
(0.20) (0.38%)
SAUDI CERAMICS
35.60
(0.05) (0.14%)
SABIC AGRI-NUTRIENTS
112.00
1.20 1.08%
YANSAB
37.85
(0.90) (2.32%)
JARIR
12.72
(0.04) (0.31%)
ALINMA
27.65
0.20 0.73%
MAADEN
53.00
(0.50) (0.93%)
HCC
11.60
0.02 0.17%
BUPA ARABIA
183.20
(0.60) (0.33%)
A.OTHAIM MARKET
11.00
(0.04) (0.36%)
NAJRAN CEMENT
9.24
(0.06) (0.65%)
CITY CEMENT
17.64
0.04 0.23%
HERFY FOODS
22.94
(0.12) (0.52%)
MOUWASAT
92.40
0.90 0.98%
UACC
17.88
0.18 1.02%
SNB
33.10
(0.20) (0.60%)
SGS
50.50
1.25 2.54%
SULAIMAN ALHABIB
268.00
(3.20) (1.18%)
Leejam Sports
177.60
0.40 0.23%
BINDAWOOD
6.84
0.07 1.03%
AMERICANA
2.31
(0.03) (1.28%)


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