Riyad Capital issues Q4 2022 earnings forecasts for Saudi banks, firms under coverage

Tadawul trading screen

Riyad Capital released Q4 2022 earnings forecasts for several Tadawul-listed banks and firms under its coverage.

 

Saudi Basic Industries Corporation (SABIC) is expected to post a 70% year-on-year (YoY) plunge in net profit to SAR 1.5 billion in Q4 2022. On the flip side, Al Rajhi Bank is likely to post a 9% profit rise YoY to SAR 4.38 billion in the three-month period.  

 

Riyad Capital’s Q4 2022 Profit Forecasts (SAR mln)

Company

Q4 2022

YoY Change

Banking Sector

BSF

1022

+3%

SABB

1274

+198%

ANB

891

+95%

Al Rajhi Bank

4382

+9%

Bank Albilad

528

+23%

Alinma Bank

944

+52%

SNB

4675

+58%

Petrochemicals

SABIC

1501

(70%)

SABIC Agri-Nutrients

1911

(31%)

Tasnee

38

(89%)

Yansab

(29)

--

Sipchem

518

(61%)

Advanced

20

(88%)

Saudi Kayan

(515)

--

SIIG

51

(58%)

Telecommunications

stc

2804

+7%

Mobily

383

+19%

Zain KSA

87

+22%

Cement

Yamama Cement

109

--

Saudi Cement

105

+56%

Qassim Cement

41

+21%

Southern Cement

100

+13%

Yanbu Cement

72

+629%

Other Sectors

Almarai

323

+13%

Jarir

259

(1%)

SEC*

1043

--

Sulaiman Al Habib

447

+13%

BinDawood Holding

(7)

--

solutions

306

+167%

Elm

226

+105%

Nomu-Parallel Market  

Riyadh Cement

97

+90%

Burgerizzr

5

(44%)

Al Hasoob

3.7

(41%)
* Saudi Electricity Co. (SEC) net loss stood at SAR 888 million, after Mudaraba instrument 

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Quotes

STC
42.28
0.08 0.19%
ETIHAD ETISALAT
63.10
0.25 0.40%
SAUDI ELECTRICITY
14.16
0.13 0.93%
ALRAJHI
96.00
(0.35) (0.36%)
ALBILAD
25.64
(0.28) (1.08%)
ANB
22.00
0.14 0.64%
SAB
30.32
(0.24) (0.79%)
BSF
16.27
(0.13) (0.79%)
QACCO
42.00
0.18 0.43%
SAUDI CEMENT
35.92
0.04 0.11%
SPCC
22.41
0.29 1.31%
YC
23.25
0.46 2.02%
YCC
15.26
(0.02) (0.13%)
ALMARAI
43.70
(0.44) (1.00%)
TASNEE
9.71
(0.04) (0.41%)
SABIC
54.50
(0.15) (0.27%)
SABIC AGRI-NUTRIENTS
115.70
(0.30) (0.26%)
SIIG
13.64
(0.25) (1.80%)
YANSAB
30.42
0.02 0.07%
JARIR
12.54
0.15 1.21%
SIPCHEM
16.21
(0.56) (3.34%)
SAUDI KAYAN
5.12
(0.05) (0.97%)
ALINMA
24.21
(0.08) (0.33%)
ADVANCED
31.10
0.34 1.11%
ZAIN KSA
10.66
0.10 0.95%
SOLUTIONS
220.80
(0.60) (0.27%)
SNB
36.64
0.24 0.66%
SULAIMAN ALHABIB
243.20
(0.80) (0.33%)
RIYADH CEMENT
23.76
0.17 0.72%
BINDAWOOD
4.55
(0.12) (2.57%)
ELM
776.00
11.00 1.44%
BURGERIZZR
14.22
(0.08) (0.56%)
ALHASOOB
35.00
0.00 0.00%


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