SNB Capital issues Q3 2023 earnings estimates

08/10/2023 Argaam
*SABIC’s results include a SAR 2.25 bln financial impact of Hadeed


SNB Capital issued Q3 2023 earnings forecasts for Tadawul-listed banks and firms under its coverage, led by Saudi Basic Industries Corp. (SABIC), Al Rajhi Bank and Saudi Electricity Co. (SEC).

 

Below is the list of SNB Capital’s third-quarter estimates for banks and firms under its coverage: 

 

Q3 2023 Profit Forecasts

Company

Q3 2023

YoY Change 

Petrochemicals

SABIC*

(366)

--

SIIG

167

+205%

Yansab

(104)

--

Advanced

86

+219%

Tasnee

94.4

+451%

Sipchem

350

(55%)

SABIC AN

1,000

(57%)

Saudi Kayan

(251)

--

Arabian Drilling

163

(24%)

Luberef

326

(31%)

Banks

Al Rajhi Bank

4,204

(3%)

Alinma Bank

1,269

+28%

Banque Saudi Fransi

1,114

+16%

Bank Albilad

581

+7%

Riyad Bank

2,024

+11%

Bank AlJazira

268

+15%

Telecommunication Services

stc

4131

+17%

Mobily

454

+22%

Zain KSA

167

+96%

solutions

345

+15%

Healthcare

Saudi German Health

97.3

+776%

Mouwasat

137

+12%

Al Hammadi

60.2

+5%

Sulaiman Al Habib

494

+17%

Dallah

70

+60%

Tourism

SGS

46.1

--

Saudi Catering

57.8

(19%)

Seera

68.1

+27%

Retail

Leejam

78.2

+15%

eXtra

87.8

(7%)

Cenomi Retail

60.4

+173%

Shaker

11.3

--

Jarir

274

+0.2%

BinDawood Holding

50.5

--

Al Othaim

54.9

(93%)

Nahdi

254

+0.2%

Americana**

94.6

+24%

Aldawaa

76.3

+58%

Cement

Arabian Cement

36.3

(38%)

Yamama Cement

84.3

(17%)

Eastern Cement

48.5

+161%

Qassim Cement

40.2

+72%

Southern Cement

41.9

(53%)

Saudi Cement

76.1

(6%)

Yanbu Cement

41.2

(41%)

Real Estate

Dar Al Arkan

137.2

+73%

Taiba

63.3

+48%

Other Sectors

SEC***

4,977

(22%)

Saudi Pipe

63.5

+278%

Savola

181

+11%

Tadawul Group

116

+30%

First Mills

44.9

(29%)

*SABIC’s results include a SAR 2.25 bln financial impact of Hadeed 

**Americana profit in US dollar

***Profit before Mudaraba instruments

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