Riyad Capital published its Q3 2022 earnings forecasts for several Tadawul-listed banks and firms under its coverage.
Saudi Basic Industries Corporation’s (SABIC) profit is expected to rise 8% year-on-year (YoY) to SAR 6 billion in Q3 2022. In the banking sector, Al Rajhi Bank is likely to post an 18% YoY profit increase to SAR 4.5 billion.
The table below shows Riyad Capital’s outlook for the financial results of banks and companies under its coverage for the third quarter of 2022:
|
Riyad Capital’s Q3 2022 Profit Forecasts (SAR mln) |
||
|
Company |
Q3 2022 |
YoY Change |
|
Banking Sector |
||
|
BSF |
954 |
+5% |
|
SABB |
1,131 |
+28% |
|
ANB |
775 |
+16% |
|
Al Rajhi Bank |
4,472 |
+18% |
|
Bank Albilad |
543 |
+21% |
|
Alinma Bank |
946 |
+28% |
|
SNB |
4,819 |
+27% |
|
Petrochemicals |
||
|
SABIC |
6,018 |
+8% |
|
SABIC Agri-Nutrients |
2,516 |
+109% |
|
Tasnee |
221 |
(34%) |
|
Yansab |
213 |
+18% |
|
Sipchem |
1,008 |
(2%) |
|
Advanced |
81 |
(63%) |
|
Saudi Kayan |
106 |
(84%) |
|
SIIG |
245 |
+20% |
|
Telecommunications |
||
|
stc |
2,929 |
-- |
|
Mobily |
368 |
+31% |
|
Zain KSA |
138 |
+129% |
|
Cement |
||
|
Yamama Cement |
75 |
+88% |
|
Saudi Cement |
94 |
+60% |
|
Qassim Cement |
32 |
(47%) |
|
Southern Cement |
79 |
(5%) |
|
Yanbu Cement |
55 |
+55% |
|
Other Sectors |
||
|
Almarai |
497 |
+21% |
|
Jarir |
280 |
+3% |
|
Saudi Electricity |
5,538 |
+2% |
|
Sulaiman Al Habib |
422 |
+21% |
|
BinDawood Holding |
38 |
(46%) |
|
solutions |
253 |
(2%) |
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