Osool & Bakheet issues Q1 2022 earnings forecast for Saudi banks, firms

11/04/2022 Argaam Special
Tadawul trading screen

Tadawul trading screen


Osool & Bakheet Investment Co. issued its earnings forecasts for 33 Tadawul-listed banks and companies for the first quarter of 2022.

 

Saudi Basic Industries Corp. (SABIC) is expected to post SAR 5.7 billion profit in Q1 2022, and Al Rajhi Bank’s profit is likely to rise 28% year-on-year to SAR 4.27 billion.

 

Osool & Bakheet’s Q1 2022 Profit Forecasts

Company

Q1 2022

Change vs. Q1 2021

Banks

Al Rajhi Bank

4274.10

+28%

SNB

3971.39

+17%

Bank AlJazira

294.57

(8%)

Banque Saudi Fransi

960.50

+23%

SABB

871.74

(10%)

Bank Albilad

432.34

+10%

Alinma Bank

758.71

+18%

SAIB

311.72

+46%

ANB

559.83

(4%)

Riyad Bank

1683.36

+24%

Materials

Hail Cement

6.29

(76%)

Najran Cement

40.29

(34%)

City Cement

25.82

(61%)

Umm Al-Qura Cement

17.59

(43%)

Arabian Cement

42.60

(36%)

Saudi Cement

55.61

(53%)

Qassim Cement

31.64

(69%)

Southern Cement

101.67

(42%)

Yanbu Cement

38.61

(47%)

Eastern Cement

42.77

(29%)

Tabuk Cement

3.21

(54%)

Yamama Cement

19.50

(64%)

SABIC

5700.00

+17%

Saudi Kayan

356.00

(28%)

Yansab

366.00

(13%)

Sipchem

849.00

+106%

SABIC Agri-Nutrients

2493.00

+490%

Healthcare

Mouwasat

157.65

+7%

Al Hammadi

35.51

(0.1%)

Sulaiman Al Habib

387.30

+21%

Dallah

91.15

+73%

Food and Staples Retailing

Jarir

249.42

(7%)

Al Othaim Markets

76.44

+33%

 

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