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
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%)
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%)
MARAFIQ
58.80
3.30 5.95%
RIYADH CABLES
102.20
1.20 1.19%
SULAIMAN ALHABIB
286.20
0.20 0.07%
BINDAWOOD
7.12
0.19 2.74%
ELM
1,022.60
(3.60) (0.35%)


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