Osool & Bakheet issues Q4 2022 earnings forecast for Saudi banks, firms

10/01/2023 Argaam

Tadawul trading screen


Osool & Bakheet Investment Co. released Q4 2022 earnings forecasts for 39 Tadawul-listed banks and companies.

Saudi Basic Industries Corp. (SABIC) is projected to post a profit of SAR 2.2 billion in the three-month period. Al Rajhi Bank’s net profit is expected to jump 15% year-on-year to SAR 4.62 billion.

  

Osool & Bakheet's Q4 2022 Profits Forecasts (SAR mln)

Company

Q4 2022

Change YoY

Banks

Al Rajhi Bank

4621.18

+15%

Saudi National Bank

4810.42

+ 62 %

Bank AlJazira

239.12

+5%

Banque Saudi Fransi

1153.80

+16%

SABB

1539.83

+ 261 %

Bank Albilad

510.87

+ 19 %

Alinma Bank

1101.86

+ 78 %

SAIB

474.18

+ 66 %

ANB

1066.28

+ 133 %

Riyad Bank

2043.04

+ 26 %

Materials

Najran Cement

37.60

+4%

City Cement

32.63

+402%

Umm Al-Qura Cement

(1.87(

--

Arabian Cement

54.79

+135%

Saudi Cement

117.39

+74%

Qassim Cement

56.75

+68%

Southern Cement

101.18

+5%

Yanbu Cement

67.82

+585%

Eastern Cement

36.54

(12%)

Yamama Cement

122.28

--

SABIC

2200.00

(56%)

Kayan

(1086.52)

--

Sipchem

509.50

(61%)

SABIC Agri-Nutrients

1492.15

(46%)

Advanced

65.00

(60%)

Alujain

44.00

(97%)

Healthcare

Mouwasat

134.10

(9%)

Al Hammadi

70.41

+558%

Sulaiman Al Habib

442.03

+15%

Dallah

77.95

(28%)

Food and Staples Retailing

Jarir

280.37

+7%

Al Othaim

138.33

(11%)

Budget Saudi

65.72

+27%

Theeb Rent a Car

58.63

+24%

Seera

31.94

--

Maharah

28.63

(27%)

Bawan

40.13

(10%)

Telecommunications

stc

2979.50

+14%

Mobily

395.14

+23%


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