SNB Capital issued Q3 2022 earnings forecasts for many Tadawul-listed banks and firms under its coverage, led by Saudi Aramco, Saudi Basic Industries Corp. (SABIC), Al Rajhi Bank and Saudi Electricity Co. (SEC).
Saudi Aramco is predicted to post net earnings of SAR 151.9 billion for the third quarter of 2022. Al Rajhi Bank’s net profit is expected to leap 16% year-on-year (YoY) to SAR 4.4 billion.
Below is a list of SNB Capital’s Q3 2022 estimates for banks and firms under its coverage:
|
Q3 2022 Profit Forecasts |
||
|
Company |
Q3 2022 |
Change vs. Q3 2021 |
|
Petrochemicals |
||
|
Saudi Aramco |
151881 |
+39% |
|
SABIC |
4696 |
(16%) |
|
SIIG |
173 |
(15%) |
|
Yansab |
105 |
(42%) |
|
Advanced |
47 |
(78%) |
|
Tasnee |
163 |
(51%) |
|
Sipchem |
656 |
(36%) |
|
SABIC Agri-Nutrients |
2189 |
+81% |
|
Saudi Kayan |
41 |
(94%) |
|
Banks |
||
|
Al Rajhi Bank |
4383 |
+16% |
|
Alinma Bank |
988 |
+34% |
|
Banque Saudi Fransi |
912 |
+1% |
|
Bank Albilad |
533 |
+18% |
|
Bank AlJazira |
281 |
+37% |
|
Telecommunication Services |
||
|
stc |
2996 |
+2% |
|
Mobily |
333 |
+19% |
|
Zain KSA |
136 |
+125% |
|
solutions |
278 |
+8% |
|
Food Production |
||
|
Savola |
192 |
+57% |
|
Almarai |
465 |
+14% |
|
Healthcare |
||
|
Saudi German Health |
13 |
(7%) |
|
Mouwasat |
142 |
(1%) |
|
Al Hammadi |
43 |
-- |
|
Sulaiman Al Habib |
405 |
+16% |
|
Tourism |
||
|
SGS |
(25) |
-- |
|
Saudi Catering |
46 |
+201% |
|
Seera |
(34) |
-- |
|
Retail |
||
|
Leejam |
53 |
(31%) |
|
eXtra |
101 |
+14% |
|
Fawaz Alhokair* |
35 |
+106% |
|
Shaker |
13 |
+6% |
|
Jarir |
301 |
+11% |
|
Al Othaim |
52 |
+17% |
|
BinDawood Holding |
61 |
(13%) |
|
Nahdi |
260 |
+5% |
|
Cement |
||
|
Arabian Cement |
43 |
+15% |
|
Yamama Cement |
66 |
+66% |
|
Eastern Cement |
38 |
-- |
|
Qassim Cement |
47 |
(23%) |
|
Southern Cement |
84 |
+1% |
|
Saudi Cement |
87 |
+47% |
|
Yanbu Cement |
45 |
+28% |
|
|
Real Estate |
|
|
Dar Al Arkan |
83 |
+228% |
|
Taiba |
46 |
-- |
|
|
Other Sectors |
|
|
SEC** |
7158 |
(3%) |
|
SSP |
12 |
(25%) |
|
Tadawul Group |
102 |
(12%) |
*Different fiscal year
**Profit before profit attributable to Mudaraba Instrument
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