Al Rajhi Capital issues Q4 2022 profit forecasts for Saudi-listed companies

05/01/2023 Argaam Special
*For H2 2022


Al Rajhi Capital issued Q4 2022 earnings forecasts for the Saudi-listed companies under its coverage.

Saudi Arabian Oil Co. (Saudi Aramco) is expected to post a leap of 25% year-on-year (YoY) in Q4 2022 net profit to SAR 146.2 billion. Saudi Basic Industries Corp. (SABIC) is projected to post a 65% fall YoY in net earnings to SAR 1.7 billion during the three-month period.

 

Al Rajhi Capital’s Q4 2022 Forecasts (SAR mln)

Company

Q4 2022 Estimates

(SAR mln)

YoY Change

Petrochemicals

SABIC

1730

(65%)

Sipchem

503

(62%)

SABIC Agri-Nutrients

1959

(29%)

Yansab

(15)

--

Advanced

24

(85%)

Cement

Arabian Cement

62

+166%

Yamama Cement

152

--

Saudi Cement

123

+82%

Qassim Cement

60

+77%

Yanbu Cement

61

+518%

Southern Cement

95

+8%

Najran Cement

42

+17%

Riyadh Cement*

137

+167%

Telecommunications

stc

2718

+4%

Mobily

368

+15%

Zain KSA

103

+44%

Food & Agriculture

Almarai

512

+79%

SADAFCO**

75

+40%

Savola

117

--

Herfy

22

(55%)

Tanmiah

33

--

Retail

Jarir

278

+6%

Cenomi Reatail**

15

(11%)

Al Othaim

155

--

eXtra

104

(18%)

BinDawood Holding

23

+74%

Healthcare

Dallah

81

(25%)

Mouwasat

146

(1%)

Care

46

+25%

Al Hammadi

71

+565%

Sulaiman Al Habib

440

+15%

Other Sectors

Saudi Aramco

146224

+25%

Bupa Arabia

63

--

Tawuniya

50

--

Leejam

72

(16%)

Jahez

91

+210%

Saudi Ceramics

44

(7%)

Aldrees

63

+16%

Bawan

39

(13%)

MIS

26

+171%

solutions

174

+52%

Alkhorayef Water

37

+14%

Al Arabia

85

+20%

*For H2 2022

** A different fiscal year

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