Ubhar Capital issued its forecasts for Q1 2022 earnings of Saudi banks and companies under its coverage.
The brokerage expects SABIC to achieve earnings of SAR 5.03 billion. Al Rajhi Bank is likely to post a net profit of SAR 3.82 billion, up 13% year-on-year (YoY), in the first quarter.
The table below shows Ubhar forecasts for Q1 2022 profits of banks and companies (SAR mln).
Forecasts for Q1 2022 earnings of some banks and companies (SAR mln) |
||
Company |
Q1 2022 Forecasts |
Change (YoY) |
Banks |
||
SNB |
3.811 |
+12% |
Al Rajhi |
3.817 |
+14% |
SAAB |
791.6 |
(19%) |
Petrochemicals |
||
SABIC |
5035.9 |
+4% |
SIIG |
133.8 |
(56%) |
Yansab |
438.7 |
+4% |
Petro Rabigh |
437.4 |
(33%) |
Sipchem |
823.7 |
+100% |
Tasnee |
360.6 |
+10% |
Food and Retail |
||
Jarir |
273.2 |
+2% |
SADAFCO* |
57.4 |
+2% |
BinDawood Holding |
95.0 |
+53% |
Al Othaim |
92.4 |
+60% |
Alandalus |
19.6 |
+3% |
Arabian Centres* |
131.3 |
+1% |
Leejam |
49.3 |
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