Al Rajhi Capital issues Q3 2022 profit forecasts for Saudi-listed companies

04/10/2022 ِArgaam special
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Al Rajhi Capital issued Q3 2022 earnings forecasts for the Saudi-listed companies under its coverage.

 

Saudi Arabian Oil Co. (Saudi Aramco) is expected to post a leap of 41% year-on-year (YoY) in Q3 2022 net profit to SAR 154.14 billion. Saudi Basic Industries Corp. (SABIC) is projected to post a 6% rise YoY in net earnings to SAR 5.9 billion during the three-month period.

 

Al Rajhi Capital’s Q3 2022 Forecasts (SAR mln)

Company

Q3

2022 Estimates

(SAR mln)

YoY Change

Petrochemicals

SABIC

5941

+6%

Sipchem

1032

+0.2%

SABIC Agri-Nutrients

2105

+74%

Yansab

208

+16%

Advanced

69

(68%)

Cement

Arabian Cement

50

+33%

Yamama Cement

58

+45%

Saudi Cement

105

+79%

Qassim Cement

27

(55%)

Yanbu Cement

49

+35%

Southern Cement

52

(38%)

Najran Cement

18

(50%)

Telecommunications

stc

3039

+4%

Mobily

362

+29%

Zain KSA

120

+99%

Food & Agriculture

Almarai

517

+25%

SADAFCO*

82

+53%

Savola

272

+122%

Herfy

58

(3%)

Tanmiah

37

+900%

Retail

Jarir

273

+0.2%

Alhokair*

41

+142%

Al Othaim Markets

43.5

(3%)

eXtra

112

+26%

BinDawood

61

(13%)

Healthcare

Dallah

76

+52%

Mouwasat

145

+2%

Care

36

+8%

Al Hammadi

55

--

Sulaiman Al Habib

379

+9%

Other Sectors

Saudi Aramco

154135

+41%

Bupa Arabia

241

+36%

Tawuniya

132

+105%

Leejam

60

(21%)

Saudi Ceramic

51

(3%)

Aldrees

64

+35%

Bawan

36

(12%)

MIS

32.5

+70%

solutions

251

(2%)

*A different fiscal year

 

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