Osool & Bakheet issues Q2 2022 earnings forecasts for Saudi banks, firms

06/07/2022 ِArgaam special

Tadawul trading screen


Osool & Bakheet Investment Co. released its earnings forecasts for 40 Tadawul-listed banks and companies for the second quarter of 2022.

Saudi Basic Industries Corp. (SABIC) is expected to post SAR 6.8 billion profit in the three-month period. Al Rajhi Bank’s net profit is projected to jump 14% year-on-year to SAR 4.12 billion.

  

Osool & Bakheet's Q2 2022 Profits Forecasts (SAR mln)

Company

Q2 2022

Change YoY

Banks

Al Rajhi Bank

4123.78

+ 14%

Saudi National Bank

4733.71

+ 124%

Bank AlJazira

372.97

+ 48%

Banque Saudi Fransi

910.29

+ 18%

SABB

982.86

+ 7%

Bank Albilad

522.43

+ 26%

Alinma Bank

781.71

+ 10%

SAIB

274.48

(5%)

ANB

646.24

+ 37%

Riyad Bank

1639.46

+ 8%

Materials

Hail Cement

22.56

+ 47%

Najran Cement

13.00

(60%)

City Cement

14.73

(70%)

Umm Al-Qura Cement

11.03

(40%)

Arabian Cement

28.35

(15%)

Saudi Cement

64.47

(25%)

Qassim Cement

30.96

(69%)

Southern Cement

44.58

(53%)

Yanbu Cement

44.51

+ 6%

Eastern Cement

29.24

(53%)

Tabuk Cement

79.00

--

Yamama Cement

53.50

(31%)

SABIC

6800.00

(12%)

Kayan

108.95

(86%)

Sipchem

974.52

+ 17%

SABIC Agri-Nutrients

2025.45

+ 142%

Alujain

77.00

(16%)

Healthcare

Mouwasat

150.09

+ 6%

Al Hammadi

65.69

+ 63%

Sulaiman Al Habib

380.18

+ 17%

Dallah

76.37

+ 62%

Food and Staples Retailing

Jarir

235.00

+ 24%

eXtra

112.93

+ 12%

Al Othaim

68.10

+ 42%

BinDawood Holding

92.70

(2%)

Budget Saudi

63.59

+ 13%

Theeb Rent a Car

47.27

+ 89%

Seera Holding

(25.79)

--

Telecommunications

stc

3150.01

+ 12%

Mobily

336.63

+ 38%

 

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