Tadawul trading screen
SNB Capital issued Q1 2022 profit forecasts for a number of Saudi banks and other companies, including Saudi Basic Industries Corp. (SABIC), Al Rajhi Bank and Saudi Electricity Co. (SEC)
SABIC is projected to report a net profit of SAR 5.04 billion for Q1 2022, while Al Rajhi Bank’s earnings are expected to rise by 20% year-on-year (YoY) to nearly SAR 4 billion in the three-month period.
The following table shows SNB Capital’s Q1 2022 profit forecasts for some banks and companies under coverage:
|
SNB Capital’s Q1 2022 Profit Forecasts |
||
|
Company |
Q1 2022 |
Variation vs. Q4 2020 |
|
Petrochemicals |
||
|
SABIC |
5035 |
+4% |
|
SIIG |
174 |
(43%) |
|
Yansab |
342 |
(19%) |
|
Advanced |
174 |
+ 2 % |
|
Tasnee |
349 |
7%+ |
|
Sipchem |
1175 |
+186% |
|
SABIC Agri-Nutrients |
2745 |
+549% |
|
Saudi Kayan |
513 |
+4% |
|
Petrochem |
225 |
(28%) |
|
Banks |
||
|
Al Rajhi Bank |
3989 |
+20% |
|
Alinma Bank |
753 |
+17% |
|
BSF |
862 |
+11% |
|
Bank Albilad |
410 |
+4% |
|
Bank AlJazira |
262 |
(19%) |
|
Telecommunication Services |
||
|
stc |
2968 |
+1% |
|
Mobily |
292 |
+29% |
|
Zain KSA |
43 |
+5% |
|
solutions |
218 |
+6% |
|
Food & Agriculture |
||
|
Savola |
176 |
+14% |
|
Almarai |
323 |
(16%) |
|
Healthcare |
||
|
Saudi German Health |
6 |
(50%) |
|
Mouwasat |
150 |
+2% |
|
Al Hammadi |
23 |
(35%) |
|
Sulaiman Al Habib |
366 |
+15% |
|
Tourism |
||
|
SGS |
16 |
-- |
|
Saudi Catering |
59 |
-- |
|
Seera |
(36) |
-- |
|
Retail |
||
|
Leejam |
70 |
-- |
|
eXtra |
91 |
+12% |
|
Alhokair* |
13 |
-- |
|
Shaker |
11 |
+75% |
|
Jarir |
252 |
(6%) |
|
Al-Othaim |
71 |
+23% |
|
BinDawood Holding |
72 |
+16% |
|
Cement |
||
|
Arabian Cement |
47 |
(30%) |
|
Yamama Cement |
25 |
(54%) |
|
Eastern Cement |
43 |
(28%) |
|
Qassim Cement |
27 |
(73%) |
|
Southern Cement |
100 |
(43%) |
|
Saudi Cement |
48 |
(60%) |
|
Yanbu Cement |
31 |
(58%) |
|
Real Estate |
||
|
Dar Al Arkan |
60 |
+111% |
|
Taiba |
(6) |
-- |
|
Other Sectors |
||
|
SEC |
1525 |
(10%) |
|
SSP |
2 |
-- |
|
Tadawul Group |
155 |
(14%) |
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