SICO Bank issues Q2 2022 forecasts for Saudi banks, firms

29/06/2022 Argaam Special
Tadawul trading screen

Tadawul trading screen 


SICO Bank published its Q2 2022 forecasts for 33 Tadawul-listed banks and firms under its coverage.

 

Al Rajhi Bank’s Q2 2022 profit is expected to come in at SAR 4.14 billion, while stc is predicted to generate net profit of SAR 3.03 billion by the end of the three-month period.

 

Below is a list of SICO Bank’s Q2 2022 estimates for some banks and firms under its coverage:

 

SICO Bank’s Q2 2022 Forecasts (SAR mln)

Company

Q2 2022 Estimates

(SAR mln)

YoY Change

Al Rajhi Bank

4140

+15%

Alinma

875

+23%

ANB

613

+30%

Saudi Fransi

870

+13%

SNB

4252

+101%

Riyad Bank

1633

+8%

SABB

900

(2%)

Telecommunication Sector

stc

3029

+7%

Mobily

329

+35%

Cement Sector

Arabian Cement

39

+16%

City Cement

16

(68%)

Eastern Cement

23

(63%)

Hail Cement

26

+69%

Najran Cement

36

+10%

Qassim Cement

38

(62%)

Saudi Cement

72

(17%)

Southern Cement

65

(32%)

Tabuk Cement

(3)

--

Umm Al Qura Cement

13

(29%)

Yamama Cement

27

(65%)

Yanbu Cement

35

(16%)

Industrial Sector

Maaden

3452

+212%

Foods and Retail Sector

Almarai

523

+9%

Al Othaim

73.2

+53%

BinDawood Holding

80

(16%)

Jarir

215

+14%

Herfy

22.1

(17%)

SACO

1.5

(90%)

Insurance Sector

Bupa Arabia

115

(60%)

Tawuniya

18

(87%)

Other Sectors

SGS

(12)

--

Saudi Ceramics

52

(18%)

Fitness Time

48

(6%)

 

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