Ubhar Capital issues Q4 2022 earnings forecasts for Saudi banks, companies

16/01/2023 Argaam Special


Ubhar Capital issued Q4 2022 earnings forecasts for a number of Saudi banks and companies under coverage.

 

Saudi Basic Industries Corporation (SABIC) is forecast to report a net profit of SAR 1.42 billion, a decline of 71% year-on-year (YoY), while Al Rajhi Bank is estimated to generate net earnings of SAR 4.38 billion, an increase of 9% YoY.

 

The following are the brokerage’s Q4 2022 earnings forecasts:

 

Ubhar Capital Q4 2022 Earnings Forecasts for Companies, Banks (SAR mln)

Company

Q4 2022 estimates

YoY

Banks

SNB

4957.0

+67%

Al Rajhi Bank

4380.9

+9%

SABB

1245.4

+192%

Materials

Advanced

10.5

(94%)

Yansab

(84.3)

--

SIIG

108.8

(11%)

SABIC

1424.4

(71%)

Petro Rabigh

(868.8)

--

Sipchem

280.2

(79%)

Tasnee

329.0

(3%)

Maaden

1784.6

(15%)

SABIC Agri-Nutrients

2126.8

(23%)

Telecommunications

stc

3136.6

+20%

Mobily

389.4

+21%

Zain KSA

32.3

(55%)

Insurance

Bupa Arabia

15.1

(24%)

Tawuniya

25.8

--

Saudi Re

2.7

+260%

Healthcare

Sulaiman Al Habib

424.3

+11%

Mouwasat

140.4

(4%)

Dallah Healthcare

69.8

(36%)

Al Hammadi

57.6

+440%

Saudi German Health

12.1

--

IT

solutions

279.9

+145%

MIS

29.8

+210%

Food Retailing

Jarir

241.0

(8%)

SADAFCO*

75.2

+22%

Almarai

443.6

+55%

BinDawood Holding

12.7

(4%)

Al Othaim

125.4

(19%)

Alandalus Property

16.0

+54%

Cenomi Centres*

150.0

+41%

Leejam

69.0

(20%)

Other Sectors

Ataa Educational*

17.8

--

Saudi Ceramics

50.8

+8%

*Different FY

 

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