AlJazira Cap issues Q3 2022 earnings forecast for Saudi banks, companies

05/10/2022 Argaam Special
Saudi Exchange’s (Tadawul) trading screen

Saudi Exchange’s (Tadawul) trading screen


AlJazira Capital published its Q3 2022 earnings forecasts for the Tadawul-listed banks and firms under its coverage, including Al Rajhi Bank and Saudi Basic Industries Corp. (SABIC). 

  

SABIC is likely to post net profit of SAR 5.4 billion in Q3 2022. Al Rajhi Bank’s net profit is expected to increase 14% year-on-year (YoY) to SAR 4.3 billion.

 

Below is a list of AlJazira Capital’s estimates for Q3 2022 earnings of a number of banks and firms under its coverage:

 

AlJazira Capital’s Q3 2022 Forecasts (SAR mln)

Company

Q3 2021 Estimates (SAR mln)

YoY Variation

Banking Sector

Al Rajhi Bank

4,324.5

+14%

Alinma Bank

950.9

+29%

Bank Albilad

522.6

+16%

Telecommunication Sector

stc

2,980.8

+2%

Mobily

349.0

+24%

Zain KSA

135.3

+124%

Materials Sector

SABIC

5,419.3

(3%)

Tasnee

222.5

(33%)

Yansab

185.1

+3%

SABIC Agri-Nutrients

2,217.8

+84%

Sipchem

963.1

(7%)

Advanced

85.2

(61%)

Saudi Kayan

(62.9)

--

Maaden

2,951.3

+132%

Yamama Cement

138.5

+246%

Saudi Cement

92.7

+58%

Southern Cement

90.5

+9%

Qassim Cement

41.3

(32%)

Arabian Cement

64.1

+70%

Yanbu Cement

54..5

+54%

City Cement

29.5

(23%)

Eastern Cement

32.6

(14%)

Healthcare Sector

Al Hammadi

54.4

--

Mouwasat

138.0

(3%)

Care

38.4

+16%

Dallah

78.8

+58%

Sulaiman Al-Habib

389.9

+12%

Saudi German Health

4.5

(69%)

Discretionary

Jarir

263.8

+14%

Fawaz Alhokair*

25.9

--

SACO

(13.2)

--

          Consumer Services Sector

Seera 

(26.9)

--

Leejam

64.4

(15%)

Food

Almarai

502.3

+23%

Other Sectors

Budget Saudi

63.7

+12%

Theeb Rent a Car

47.3

+73%

SGS

(12.2)

(72%)

Saudi Catering

50.2

+226%

Al Othaim

51.0

+14%

BinDawood Holding

54.8

(22%)

* FY ends in March 2023

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