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

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Quotes

STC
40.35
0.10 0.25%
ETIHAD ETISALAT
52.30
0.30 0.58%
SAUDI ELECTRICITY
17.00
0.12 0.71%
ALRAJHI
92.80
2.50 2.77%
ALBILAD
37.65
0.80 2.17%
ANB
20.36
0.36 1.80%
SAB
32.20
0.00 0.00%
BSF
33.25
0.35 1.06%
QACCO
53.00
(0.10) (0.19%)
SAUDI CEMENT
42.25
(0.15) (0.35%)
SPCC
33.75
0.15 0.45%
YC
33.95
0.80 2.41%
YCC
23.14
(0.40) (1.70%)
TASNEE
10.16
(0.02) (0.20%)
SABIC
67.10
0.40 0.60%
SABIC AGRI-NUTRIENTS
111.00
(0.40) (0.36%)
SIIG
16.92
(0.06) (0.35%)
YANSAB
37.25
0.30 0.81%
JARIR
12.58
(0.10) (0.79%)
SIPCHEM
24.18
0.16 0.67%
SAUDI KAYAN
6.97
0.09 1.31%
ALINMA
28.65
0.45 1.60%
ADVANCED
32.20
0.05 0.16%
ZAIN KSA
10.20
0.00 0.00%
SOLUTIONS
278.60
4.00 1.46%
SNB
33.25
0.50 1.53%
MARAFIQ
52.00
0.10 0.19%
RIYADH CABLES
140.40
3.60 2.63%
SULAIMAN ALHABIB
286.00
(0.60) (0.21%)
BINDAWOOD
6.41
(0.16) (2.44%)
ELM
1,149.20
21.20 1.88%


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