SICO Bank issues Q1 2023 forecasts for Saudi banks, firms

Tadawul trading screen

SICO Bank published its Q1 2023 forecasts for some Tadawul-listed banks and firms under its coverage.

 

Al Rajhi Bank is expected post a 2% rise year-on-year (YoY) in the first-quarter net profit to 4.20 billion. 

 

Telecom operator stc is predicted to post a net profit of SAR 3.25 billion by the end of the three-month period. 

 

Below is a list of SICO Bank’s Q1 2023 estimates for the banks and firms under its coverage:

 

SICO Bank’s Q1 2023 Forecasts (SAR mln)

Company

Q1 2023 Estimates

(SAR mln)

YoY Change

Al Rajhi Bank

4209

+2%

Alinma

971

+18%

ANB

798

+23%

BSF

1002

+15%

SNB

4683

+4%

Riyad Bank

1996

+29%

SABB

1485

+48%

Telecommunication Sector

stc

3250

+7%

Mobily

449

+41%

Cement Sector

Arabian Cement

39

(7%)

City Cement

37

+115%

Eastern Cement

63

+117%

Hail Cement

15

--

Najran Cement

46

+97%

Qassim Cement

61

+143%

Saudi Cement

94

+54%

Southern Cement

108

+24%

Tabuk Cement

10

--

Umm Al Qura Cement

( 2)

--

Yamama Cement

93

+214%

Yanbu Cement

63

+60%

Petrochemical Sector

SABIC Agri-Nutrients

1149

(54%)

Yansab

(102)

--

Maaden

1198

(45%)

Foods and Retail Sector

Almarai

372

(12%)

Al Othaim

92.6

+1%

BinDawood Holding

59

(11%)

Jarir

258

+3%

Herfy

9.1

(68%)

Americana

64.2

--

Insurance Sector

Bupa Arabia

157

+67%

Tawuniya

79

+292%

Other Sectors

SGS

(30)

--

Saudi Ceramics

49

(5%)

Fitness Time

62

+35%

Sulaiman Al Habib

410

+5%

Mouwasat 

186

+24%

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Quotes

STC
45.04
0.08 0.18%
ETIHAD ETISALAT
66.85
(0.45) (0.67%)
TAWUNIYA
128.30
0.20 0.16%
ALRAJHI
107.10
(0.90) (0.83%)
ANB
24.20
0.26 1.09%
RIBL
27.28
0.06 0.22%
SAB
32.24
0.32 1.00%
BSF
17.51
(0.47) (2.61%)
ACC
21.28
0.07 0.33%
EPCCO
26.10
0.18 0.69%
QACCO
41.84
0.44 1.06%
SAUDI CEMENT
38.42
0.22 0.58%
SPCC
25.12
0.42 1.70%
TCC
10.17
0.05 0.49%
YC
27.34
0.14 0.51%
YCC
16.19
0.10 0.62%
ALMARAI
48.36
(0.64) (1.31%)
SAUDI CERAMICS
31.00
(0.08) (0.26%)
SABIC AGRI-NUTRIENTS
123.10
(0.60) (0.49%)
YANSAB
33.54
(0.68) (1.99%)
JARIR
14.05
(0.13) (0.92%)
ALINMA
26.48
0.00 0.00%
MAADEN
63.65
(0.55) (0.86%)
HCC
11.60
0.02 0.17%
BUPA ARABIA
154.30
1.30 0.85%
A.OTHAIM MARKET
7.61
0.05 0.66%
NAJRAN CEMENT
7.66
(0.01) (0.13%)
CITY CEMENT
14.86
(0.02) (0.13%)
HERFY FOODS
20.82
0.06 0.29%
MOUWASAT
76.50
(1.50) (1.92%)
UACC
14.00
0.03 0.21%
SNB
39.00
0.00 0.00%
SGS
44.86
0.12 0.27%
SULAIMAN ALHABIB
274.20
1.00 0.37%
LEEJAM SPORTS
149.90
1.40 0.94%
BINDAWOOD
5.61
0.02 0.36%
AMERICANA
2.16
0.04 1.89%


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