Riyad Capital issues Q1 2022 earnings forecast for Saudi banks, firms

07/04/2022 Argaam Special


Riyad Capital published its Q1 2022 earnings forecast for several Tadawul-listed banks and firms under its coverage.

 

Saudi Basic Industries Corporation’s (SABIC) profit is expected to rise year-on-year (YoY) to SAR 5.3 billion in Q1 2022. In the banking sector, Al Rajhi Bank is likely to post a 27% profit increase YoY to SAR 4.2 billion.  

 

Riyad Capital’s Q1 Profit Forecasts (SAR mln)

Company

Q1 2022

YoY Change

Banking Sector

BSF

921

+18%

SABB

807

(17%)

ANB

561

(4%)

Al Rajhi Bank

4238

+27%

Bank Albilad

462

+18%

Alinma Bank

744

+16%

Saudi National Bank

3878

+14%

Petrochemicals

Petrochem

204

(34%)

SABIC

5309

+ 9%

SABIC Agri-Nutrients

2551

+504%

Tasnee

356

+9%

Yansab

312

(26%)

Sipchem

1010

+145%

Advanced

158

(8%)

Saudi Kayan

403

(18%)

Telecommunications

stc

2857

(3%)

Mobily

343

+52%

Zain KSA

87

+113%

Cement

Yamama Cement

32

(42%)

Saudi Cement

45

(62%)

Qassim Cement

27

(73%)

Southern Cement

77

(56%)

Yanbu Cement

43

(41%)

Other Sectors

Almarai

276

(28%)

Jarir

270

+1%

SEC

1521

--

Sulaiman Al Habib

381

+19%

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