Al Rajhi Capital issues Q1 2022 profit forecasts for Saudi companies

07/04/2022 Argaam Special

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Al Rajhi Capital issued Q1 2022 earnings forecasts for Saudi-listed companies under its coverage.

  

Saudi Arabian Oil Co. (Saudi Aramco) is expected to post a rise of 74% year-on-year (YoY) in the first-quarter net profit to SAR 136.6 billion. Saudi Basic Industries Corp. (SABIC) is projected to report a net profit of SAR 5.2 billion for the three-month period.

Al Rajhi Capital’s Q4 Forecasts (SAR mln)

Company

Q1

2022 Estimates

(SAR mln)

YoY Change

Petrochemicals

SABIC

5230

+8%

Sipchem

1134

+176%

SABIC Agri-Nutrients

2354

+457%

Yansab

291

(31%)

Advanced

187

+9%

Cement

Arabian Cement

25

(63%)

Yamama Cement

37

(33%)

Saudi Cement

52

(56%)

Qassim Cement

34

(66%)

Yanbu Cement

46

(37%)

Southern Cement

66

(62%)

Najran Cement

31

(49%)

Telecommunications

stc

2888

(2%)

Mobily

318

+41%

Zain KSA

65

+59%

Food & Agriculture

Almarai

271

(30%)

SADAFCO*

51

(9%)

Savola

144

(6%)

Herfy

45

+77%

Tanmiah

12

(38%)

Retail

Jarir

239

(11%)

Fawaz Alhokair*

11

--

Al Othaim Markets

47

(19%)

eXtra

97

+19%

BinDawood

44

(29%)

Healthcare

Dallah

64

+22%

Mouwasat

155

+5%

Care

34

(5%)

Al Hammadi

31

(13%)

Sulaiman Al Habib

318

--

Other Sectors

Saudi Aramco

136568

+74%

Bupa Arabia

170

+21%

Tawuniya

63

+6%

Leejam Sports

90

--

Saudi Ceramic

55

(22%)

SISCO

2

(94%)

Aldrees

62

+58%

Bawan

43

+2%

MIS

17

+6%

solutions

288

+40%

Al Yamamah Steel*

31

(49%)

*Follow a different fiscal year

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