Al Rajhi Cap issues Q2 2022 forecasts for Saudi banks, firms

04/07/2022 Argaam Special

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Al Rajhi Capital issued its Q2 2022 forecasts for 42 Tadawul-listed banks and firms under its coverage. 

Saudi Aramco’s Q2 2022 profit is expected to surge 81% year-on-year (YoY) to SAR 164.8 billion. SABIC is expected to make SAR 7.6 billion net profit by the end of the three-month period.  

Below is a list of Al Rajhi Capital’s Q2 2022 estimates for some banks and firms under its coverage:

Al Rajhi Capital’s Q1 2022 Forecasts (SAR mln)

Company

Q1

2022 Estimates

(SAR mln)

YoY Change

Petrochemicals

SABIC

7604

(1%)

Sipchem

1025

+24%

SABIC Agri-Nutrients

2189

+162%

Yansab

224

(62%)

Advanced

113

(57%)

Cement

Arabian Cement

20

(40%)

Yamama Cement

64

(18%)

Saudi Cement

42

(52%)

Qassim Cement

35

(65%)

Yanbu Cement

26

(38%)

Southern Cement

46

(52%)

Najran Cement

10

(69%)

Riyadh Cement

57

--

Telecommunications

stc

3069

+8%

Mobily

376

+54%

Zain KSA

88

+110%

Food & Agriculture

Almarai

433

(10%)

SADAFCO*

66

+73%

Savola

179

(11%)

Herfy

26

(3%)

Tanmiah

14

+312%

Retail

Jarir

194

+3%

Al Othaim Markets

59

+23%

eXtra

108

+7%

BinDawood

78

(18%)

Healthcare

Dallah

71

+50%

Mouwasat

139

(2%)

Care

28

(9%)

Al Hammadi

50

+24%

Sulaiman Al Habib

356

+10%

Other Sectors

Saudi Aramco

164821

+81%

Bupa Arabia

352

+22%

Tawuniya

179

+25%

Leejam Sports

45

(12%)

Saudi Ceramic

40

(37%)

SISCO

2

(91%)

Aldrees

59

+64%

Bawan

44

+2%

MIS

4.7

(55%)

solutions

270

+5%

Jahez

48

--

Al Yamamah Steel*

34

(48%)

*Follow a different fiscal year

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