SICO Bank issues Q3 2022 forecasts for Saudi banks, firms

06/10/2022 Argaam Special

Tadawul trading screen


SICO Bank published its Q3 2022 forecasts for 33 Tadawul-listed banks and firms under its coverage.

 

Al Rajhi Bank’s profit is expected to reach SAR 4.3 billion. stc is predicted to post net profit of SAR 2.86 billion by the end of the three-month period.

 

Below is a list of SICO Bank’s Q3 2022 estimates for the banks and firms under its coverage:

 

SICO Bank’s Q3 2022 Forecasts (SAR mln)

Company

Q3 2022 Estimates

(SAR mln)

YoY Change

Al Rajhi Bank

4301

+13%

Alinma

840

+14%

ANB

664

--

BSF

894

(1%)

SNB

4556

+20%

Riyad Bank

1606

+4%

SABB

1087

+23%

Telecommunication Sector

stc

2862

(2%)

Mobily

364

+30%

Cement Sector

Arabian Cement

49

+29%

City Cement

33

(13%)

Eastern Cement

24

(35%)

Hail Cement

(6)

--

Najran Cement

27

(25%)

Qassim Cement

60

(1%)

Saudi Cement

82

+40%

Southern Cement

68

(19%)

Tabuk Cement

3

(68%)

Umm Al Qura Cement

10

(17%)

Yamama Cement

91

+127%

Yanbu Cement

36

+2%

Industrial Sector

Maaden

3550

+179%

Foods and Retail Sector

Almarai

455

+11%

Al Othaim

42

(6%)

BinDawood Holding

43

(39%)

Jarir

245

(10%)

Herfy

30

(50%)

SACO

(13)

--

Insurance Sector

Bupa Arabia

263

+48%

Tawuniya

138

+114%

Other Sectors

SGS

(13)

--

Saudi Ceramics

42

(38%)

Fitness Time

55

(28%)

 

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