SICO Bank issues Q4 2022 forecasts for Saudi banks, firms

09/01/2023 Argaam

SICO Bank issues Q4 2022 forecasts for Saudi banks, firms

Tadawul trading screen


SICO Bank published its Q4 2022 forecasts for some Tadawul-listed banks and firms under its coverage.

 

Al Rajhi Bank’s profit is expected to reach SAR 4.44 billion. Further, stc is predicted to post a net profit of SAR 3.31 billion by the end of the three-month period. 

 

Below is a list of SICO Bank’s Q4 2022 estimates for the banks and firms under its coverage:

 

SICO Bank’s Q4 2022 Forecasts (SAR mln)

Company

Q4 2022 Estimates

(SAR mln)

YoY Change

Al Rajhi Bank

4440

+11%

Alinma

963

+56%

ANB

920

+102%

BSF

946

(5%)

SNB

4003

+35%

Riyad Bank

1782

+10%

SABB

1292

+203%

Telecommunication Sector

stc

3313

+27%

Mobily

391

+22%

Cement Sector

Arabian Cement

57

+145%

City Cement

39

+499%

Eastern Cement

39

(6%)

Hail Cement

2

--

Najran Cement

38

+5%

Qassim Cement

36

+6%

Saudi Cement

113

+68%

Southern Cement

109

+24%

Tabuk Cement

11

--

Umm Al Qura Cement

4

(75%)

Yamama Cement

104

--

Yanbu Cement

77

--

Industrial Sector

Maaden

1955

(6%)

Foods and Retail Sector

Almarai

355

+24%

Al Othaim

156.4

+1%

BinDawood Holding

11

(17%)

Jarir

267

+2%

Herfy

19.8

(59%)

Insurance Sector

Bupa Arabia

291

--

Tawuniya

113

--

Other Sectors

SGS

(17)

--

Saudi Ceramics

47

--

Fitness Time

86

--

Sulaiman Al Habib

445

+16%

Mouwasat 

131

(11%)

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