Riyad Capital issues Q1 2023 earnings forecast for Saudi banks, firms

Riyad Capital published its Q1 2023 earnings forecast for several Tadawul-listed banks and firms under its coverage.

 

Saudi Basic Industries Corporation’s (SABIC) profit is expected to fall 88% year-on-year (YoY) to SAR 768 million in Q1 2023. In the banking sector, Al Rajhi Bank is likely to post a 4% profit increase YoY to SAR 4.3 billion.  

 

Riyad Capital’s Q1 Profit Forecasts (SAR mln)

Company

Q1 2023

YoY Change

Banking Sector

BSF

1016

+16%

SABB

1534

+52%

ANB

894

+37%

Al Rajhi Bank

4301

+4%

Bank Albilad

545

+11%

Alinma Bank

988

+20%

Saudi National Bank

4837

+7%

Petrochemicals

SABIC

768

(88%)

SABIC Agri-Nutrients

1012

(60%)

Tasnee

35

(89%)

Yansab

(184)

--

Sipchem

327

(70%)

Advanced

4

(98%)

Saudi Kayan

(798)

--

SIIG

(5)

--

Telecommunications

stc

3220

+6%

Mobily

475

+49%

Zain KSA

446

--

Cement

Yamama Cement

107

+261%

Saudi Cement

139

+127%

Qassim Cement

60

+139%

Southern Cement

84

(6%)

Yanbu Cement

61

+56%

Other Sectors

Jarir

247

(2%)

SEC*

1815

+20%

Sulaiman Al Habib

448

+15%

BinDawood Holding

62

(5%)

Marafiq

247

+44%

Riyadh Cables**

112

--

solutions

303

+7 %

Elm

337

+35%

*SEC net losses after Mudaraba reached SAR 85 mln.

**Q1 2022 results unavailable.

Riyad Capital - Q1 2023 09/04/2023

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

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%)
ANB
19.50
(0.10) (0.51%)
SAB
31.50
(0.20) (0.63%)
BSF
31.20
0.00 0.00%
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%)
TASNEE
10.40
(0.08) (0.76%)
SABIC
69.70
(0.20) (0.29%)
SABIC AGRI-NUTRIENTS
112.00
1.20 1.08%
SIIG
17.62
(0.10) (0.56%)
YANSAB
37.85
(0.90) (2.32%)
JARIR
12.72
(0.04) (0.31%)
SIPCHEM
24.50
(0.50) (2.00%)
SAUDI KAYAN
7.11
(0.12) (1.66%)
ALINMA
27.65
0.20 0.73%
ADVANCED
34.60
(0.35) (1.00%)
ZAIN KSA
10.34
(0.06) (0.58%)
SOLUTIONS
267.80
(2.20) (0.81%)
SNB
33.10
(0.20) (0.60%)
MARAFIQ
55.50
(1.00) (1.77%)
RIYADH CABLES
117.00
2.00 1.74%
SULAIMAN ALHABIB
268.00
(3.20) (1.18%)
BINDAWOOD
6.84
0.07 1.03%
ELM
1,100.00
(12.00) (1.08%)


Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request