Osool & Bakheet issues Q1 2023 earnings forecast

10/04/2023 Argaam

Tadawul trading screen


Osool & Bakheet Investment Co. released Q1 2023 earnings forecasts for 40 Tadawul-listed banks and companies.

Major petrochemical producer, Saudi Basic Industries Corp. (SABIC) is expected to incur SAR 281 million losses in the three-month period. Al Rajhi Bank’s net profit is projected to grow 4% year-on-year to SAR 4.29 billion.

  

Osool & Bakheet's Q1 2023 Profits Forecasts (SAR mln)

Company

Q1 2023

Change YoY

Banks

Al Rajhi Bank

4290.09

+4%

Saudi National Bank

5055.69

+12%

Bank AlJazira

283.08

(25%)

Banque Saudi Fransi

1127.93

+29%

SABB

1587.00

+58%

Bank Albilad

578.07

+18%

Alinma Bank

1063.31

+29%

SAIB

385.67

+34%

ANB

980.43

+51%

Riyad Bank

2187.61

+41%

Materials

Najran Cement

40.9

+76%

City Cement

40.47

+136%

Umm Al-Qura Cement

7.98

(42%)

Arabian Cement

37.41

(11%)

Saudi Cement

140.58

+130%

Qassim Cement

52.43

+109%

Southern Cement

69.41

(22%)

Yanbu Cement

56.74

+46%

Eastern Cement

66.56

+130%

Yamama Cement

90.59

+133%

SABIC

(281.90)

--

Kayan

(777.92)

--

Sipchem

359.37

(67%)

SABIC Agri-Nutrients

806.88

(68%)

Advanced

(4.00)

--

Alujain

12.56

(78%)

Healthcare

Mouwasat

164.26

+9%

Al Hammadi

74.49

+20%

Sulaiman Al Habib

446.52

+14%

Care

48.83

+ 63 %

Dallah

87.37

+7%

Food and Staples Retailing

Jarir

256.90

+3%

Al Othaim

112.27

+23%

eXtra

105.93

+ 9 %

Budget Saudi

67.48

+ 12 %

Theeb

51.18

+20%

Maharah

43.35

+75%

Bawan

33.93

(33%)

Telecommunications

stc

3285.50

+8%

Mobily

436.56

+37%

 

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