Riyad Capital issues Q1 2023 earnings forecast for Saudi banks, firms

Riyad Capital published its Q1 2023 earnings forecast for several Tadawul-listed banks and firms under its coverage.

 

Saudi Basic Industries Corporation’s (SABIC) profit is expected to fall 88% year-on-year (YoY) to SAR 768 million in Q1 2023. In the banking sector, Al Rajhi Bank is likely to post a 4% profit increase YoY to SAR 4.3 billion.  

 

Riyad Capital’s Q1 Profit Forecasts (SAR mln)

Company

Q1 2023

YoY Change

Banking Sector

BSF

1016

+16%

SABB

1534

+52%

ANB

894

+37%

Al Rajhi Bank

4301

+4%

Bank Albilad

545

+11%

Alinma Bank

988

+20%

Saudi National Bank

4837

+7%

Petrochemicals

SABIC

768

(88%)

SABIC Agri-Nutrients

1012

(60%)

Tasnee

35

(89%)

Yansab

(184)

--

Sipchem

327

(70%)

Advanced

4

(98%)

Saudi Kayan

(798)

--

SIIG

(5)

--

Telecommunications

stc

3220

+6%

Mobily

475

+49%

Zain KSA

446

--

Cement

Yamama Cement

107

+261%

Saudi Cement

139

+127%

Qassim Cement

60

+139%

Southern Cement

84

(6%)

Yanbu Cement

61

+56%

Other Sectors

Jarir

247

(2%)

SEC*

1815

+20%

Sulaiman Al Habib

448

+15%

BinDawood Holding

62

(5%)

Marafiq

247

+44%

Riyadh Cables**

112

--

solutions

303

+7 %

Elm

337

+35%

*SEC net losses after Mudaraba reached SAR 85 mln.

**Q1 2022 results unavailable.

Riyad Capital - Q1 2023 09/04/2023

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Quotes

STC
43.08
(0.24) (0.55%)
ETIHAD ETISALAT
63.90
(0.80) (1.24%)
SAUDI ELECTRICITY
14.42
(0.06) (0.41%)
ALRAJHI
99.70
(1.60) (1.58%)
ALBILAD
27.20
(0.52) (1.88%)
ANB
22.12
(0.35) (1.56%)
SAB
31.32
(0.08) (0.25%)
BSF
16.65
(0.15) (0.89%)
QACCO
42.30
0.70 1.68%
SAUDI CEMENT
37.38
0.14 0.38%
SPCC
23.48
0.25 1.08%
YC
23.77
(0.04) (0.17%)
YCC
15.58
0.03 0.19%
TASNEE
10.60
(0.06) (0.56%)
SABIC
56.75
(0.65) (1.13%)
SABIC AGRI-NUTRIENTS
118.50
(0.60) (0.50%)
SIIG
15.29
(0.05) (0.33%)
YANSAB
31.24
(0.10) (0.32%)
JARIR
13.26
0.06 0.45%
SIPCHEM
17.22
(0.14) (0.81%)
SAUDI KAYAN
5.59
0.02 0.36%
ALINMA
24.71
(0.23) (0.92%)
ADVANCED
33.44
(1.44) (4.13%)
ZAIN KSA
10.80
(0.08) (0.74%)
SOLUTIONS
224.10
(3.80) (1.67%)
SNB
37.78
(0.32) (0.84%)
MARAFIQ
39.68
(0.42) (1.05%)
RIYADH CABLES
130.70
(2.30) (1.73%)
SULAIMAN ALHABIB
250.00
(9.40) (3.62%)
BINDAWOOD
5.18
(0.03) (0.58%)
ELM
810.00
(13.00) (1.58%)


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