SNB Capital issues Q1 2023 estimates for Saudi banks, firms under coverage

Tadawul trading screen

SNB Capital issued Q1 2023 earnings forecasts for many Tadawul-listed banks and firms under its coverage, led by Saudi Basic Industries Corp. (SABIC), Al Rajhi Bank and Saudi Electricity Co. (SEC).

 

SABIC is predicted to post net earnings of SAR 647 million for the first quarter of 2023. Al Rajhi Bank’s net profit is expected to grow 5% year-on-year (YoY) to SAR 4.3 billion.

 

Below is a list of SNB Capital’s Q1 2023 estimates for banks and firms under its coverage:

 

Q1 2023 Profit Forecasts

Company

Q1 2023

Change vs. Q1 2022

Petrochemicals

SABIC

647.0

(90%)

SIIG

(147.0)

--

Yansab

(241.0)

--

Advanced

20.1

(88%)

Tasnee

62.1

(80%)

Sipchem

468.0

(57%)

SABIC Agri-Nutrients

1119.0

(55%)

Saudi Kayan

(800.0)

--

Arabian Drilling

152.0

+56%

Luberef

300.0

(1%)

Banks

Al Rajhi Bank

4342.0

+5%

Alinma Bank

1132.0

+37%

Banque Saudi Fransi

1195.0

+37%

Bank Albilad

532.0

+9%

Riyad Bank

2035.0

+31%

Bank AlJazira

308.0

(18%)

Telecommunication Services

stc

3088.0

+2%

Mobily

448.0

+40%

Zain KSA

203.0

+152%

solutions

312.0

+10%

Healthcare

Saudi German Health

35.5

+73%

Mouwasat

144.0

(4%)

Al Hammadi

69.5

+12%

Sulaiman Al Habib

452.0

+16%

Tourism

SGS

(46.0)

--

Saudi Catering

114.0

+223%

Seera

33.3

--

Retail

Leejam

62.0

+35%

eXtra

99.4

+2%

Cenomi Retail

4.6

(92%)

Shaker

15.4

+4%

Jarir

249.0

(1%)

BinDawood Holding

42.9

(34%)

Al Othaim

103.0

+13%

Nahdi

254.0

+7%

Americana**

66.8

--

Cement

Arabian Cement

48.6

+16%

Yamama Cement

104.0

+251%

Eastern Cement

67.7

+133%

Qassim Cement

66.9

+167%

Southern Cement

63.4

(29%)

Saudi Cement

138.0

+126%

Yanbu Cement

54.4

+40%

Real Estate

Dar Al Arkan

(7.3)

--

Taiba

47.3

+132%

Other Sectors

SEC**

1568.0

--

Saudi Pipe

16.4

+13%

Tadawul Group

54.3

(61%)

Savola

137.0

(49%)
*Profit before Mudaraba Instrument 

**Americana profit in US dollar

 

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Quotes

STC
40.50
0.40 1.00%
ETIHAD ETISALAT
52.30
0.00 0.00%
SAUDI ELECTRICITY
16.86
0.14 0.84%
ALRAJHI
91.40
1.50 1.67%
ALBILAD
37.30
0.90 2.47%
BJAZ
17.90
0.38 2.17%
RIBL
28.00
(0.40) (1.41%)
BSF
33.20
0.10 0.30%
ACC
26.85
0.25 0.94%
EPCCO
34.85
0.20 0.58%
QACCO
53.50
0.30 0.56%
SAUDI CEMENT
42.45
0.15 0.35%
SPCC
33.75
0.10 0.30%
YC
33.80
(0.20) (0.59%)
YCC
23.78
0.02 0.08%
TASNEE
10.20
0.04 0.39%
SABIC
67.10
0.60 0.90%
SABIC AGRI-NUTRIENTS
111.20
3.00 2.77%
SAVOLA GROUP
40.60
3.65 9.88%
SIIG
16.92
0.06 0.36%
YANSAB
37.10
(0.20) (0.54%)
JARIR
12.72
0.06 0.47%
TAIBA
38.90
1.70 4.57%
SIPCHEM
24.28
0.16 0.66%
SAUDI KAYAN
6.85
0.05 0.74%
ALINMA
28.15
0.15 0.54%
SEERA
22.76
0.04 0.18%
A.OTHAIM MARKET
10.82
(0.02) (0.18%)
CENOMI RETAIL
12.22
0.04 0.33%
DAR ALARKAN
14.48
0.04 0.28%
ADVANCED
32.20
0.00 0.00%
ZAIN KSA
10.28
0.06 0.59%
MOUWASAT
86.40
(1.20) (1.37%)
SSP
67.00
0.40 0.60%
SHAKER
27.50
(0.65) (2.31%)
CATRION
119.60
(1.60) (1.32%)
EXTRA
98.90
0.90 0.92%
SOLUTIONS
277.60
2.00 0.73%
SGS
50.60
0.10 0.20%
ALHAMMADI
39.10
0.10 0.26%
TADAWUL GROUP
221.00
2.00 0.91%
SULAIMAN ALHABIB
290.00
(8.60) (2.88%)
ARABIAN DRILLING
113.60
0.80 0.71%
SAUDI GERMAN HEALTH
70.70
0.10 0.14%
Leejam Sports
188.40
2.20 1.18%
LUBEREF
111.60
0.80 0.72%
BINDAWOOD
6.60
0.02 0.30%
NAHDI
118.00
0.60 0.51%
AMERICANA
2.31
(0.03) (1.28%)


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