SICO Bank issues Q1 2022 earnings forecast for Saudi banks, firms

08/04/2022 Argaam Special

Tadawul trading screen


SICO Bank published its Q1 2022 earnings forecasts for 34 Tadawul-listed banks and firms under its coverage.

Below is a list of SICO Bank’s estimates for Q1 2022 earnings of a number of banks and firms under its coverage:

  

SICO Bank’s Q1 2022 Forecasts (SAR mln)

Company

Q1 2022 Estimates

(SAR mln)

YoY Variation

Saudi Fransi

890

+14%

SABB

527

(46%)

ANB

469

(19%)

Al Rajhi Bank

4092

+23%

Riyad Bank

1545

+14%

Alinma

644

--

SNB

3360

(21%)

Telecommunication Sector

stc

2773

(6%)

Mobily

226

--

Cement Sector

Yamama Cement

64

+17%

Saudi Cement

106

(12%)

Arabian Cement

68

+2%

Qassim Cement

59

(41%)

Southern Cement

140

(20%)

Yanbu Cement

90

+24%

Hail Cement

19

(27%)

Tabuk Cement

4

(39%)

Eastern Cement

40

(34%)

Najran Cement

65

+6%

Umm Al Qura Cement

22

(28%)

City Cement

33

(51%)

Industrial Sector

Maaden

3242

+326%

Energy Sector

Saudi Electricity

1343

(20%)

Foods and Retail

Jarir

250

(7%)

Almarai

380

(2%)

Herfy

38

+51%

SACO

4.1

(74%)

BinDawood Holding

34

(45%)

Al Othaim

61

+6%

Insurance

Bupa Arabia

300

+115%

Tawuniya

39

(35%)

Other Sectors

SGS

(16)

--

Saudi Ceramics

63

(11%)

Fitness Time

58

--


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