SNB Capital issues Q2 2022 estimates for Saudi banks, firms under coverage

05/07/2022 Argaam

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SNB Capital issued its Q2 2022 estimates for many Tadawul-listed banks and firms under its coverage.

Saudi Basic Industries Corp. (SABIC) is forecast to post net earnings of SAR 6.1 billion for the second quarter of 2022. Al Rajhi Bank’s net profit is seen jumping 18% year-on-year (YoY) to SAR 4.3 billion.

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

Q2 2022 Profit Forecasts

Company

Q2 2022

Change vs. Q2 2021

Petrochemicals

SABIC

6097

(21%)

SIIG

267

(47%)

Yansab

221

(63%)

Advanced

102

(62%)

Tasnee

323

(9%)

Sipchem

1081

+30%

SABIC Agri-Nutrients

2369

+185%

Saudi Kayan

4

(99%)

Banks

Al Rajhi Bank

4266

+18%

Alinma Bank

847

+19%

BSF

944

+23%

Bank Albilad

485

+17%

Bank AlJazira

373

+48%

Telecommunication Services

stc

3098

+10%

Mobily

326

+34%

Zain KSA

91

+117%

solutions

259

+1%

Food & Agriculture

Savola

232

+16%

Almarai

451

(6%)

Healthcare

Saudi German Health

22

+141%

Mouwasat

148

+5%

Al Hammadi

52

+29%

Sulaiman Al Habib

411

+26%

Tourism

SGS

(10)

--

Saudi Catering

50

--

Seera

(34)

--

Retail

Leejam

54

+6%

eXtra

101

+1%

Alhokair*

50

+130%

Shaker

17

+93%

Jarir

209

+10%

Al Othaim

82

+71%

BinDawood Holding

64

(33%)

Nahdi

240

+3%

Cement

Arabian Cement

24

(28%)

Yamama Cement

37

(52%)

Eastern Cement

32

(48%)

Qassim Cement

36

(64%)

Southern Cement

66

(31%)

Saudi Cement

60

(31%)

Yanbu Cement

15

(64%)

Real Estate

Dar Al Arkan

153

+581%

Taiba

13

--

Other Sectors

SEC

5440

(7%)

SSP

12

--

Tadawul Group

137

(25%)

*Different fiscal year

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