Riyad Capital issued Q2 2023 earnings forecasts for several banks and companies under coverage, with Al Rajhi Bank and Saudi Basic Industries Corp. (SABIC) in the lead.
Riyad Capital expected SABIC to report a profit decline of 85% year-on-year (YoY) to SAR 1.22 billion in Q2 2023, while Al Rajhi Bank is forecast to post earnings drop of 4% YoY to SAR 4.1 billion in the three-month period.
The following table shows Riyad Capital’s earnings forecasts for banks and firms under coverage for Q2 2023:
|
Riyad Capital Q2 2023 Profit Estimates |
||
|
Company |
Q2 2023 |
Change YoY |
|
Banks |
||
|
BSF |
1132 |
+35% |
|
SAB |
1858 |
+72% |
|
ANB |
1096 |
+55% |
|
Al Rajhi |
4107 |
(4%) |
|
Albilad |
567 |
+11% |
|
Alinma |
1048 |
+13% |
|
SNB |
4992 |
+9% |
|
Petrochemicals |
||
|
SABIC |
1224 |
(85%) |
|
SABIC Agri-Nutrients |
707 |
(77%) |
|
Tasnee |
125 |
(58%) |
|
Yansab |
79 |
(73%) |
|
Sipchem |
321 |
(75%) |
|
Advanced |
74 |
(32%) |
|
Saudi Kayan |
(297) |
-- |
|
SIIG |
81 |
(71%) |
|
Telecommunications |
||
|
stc |
3320 |
+17% |
|
Mobily |
478 |
+33% |
|
Zain KSA |
291 |
+117% |
|
Cement |
||
|
Yamama Cement |
86 |
(5%) |
|
Saudi Cement |
103 |
-- |
|
Qassim Cement |
33 |
+14% |
|
Southern Cement |
36 |
(41%) |
|
Yanbu Cement |
47 |
(2%) |
|
Other Sectors |
||
|
Sulaiman Al Habib |
504 |
+27% |
|
Mouwasat |
160 |
+13% |
|
solutions |
335 |
+23% |
|
Elm |
285 |
+46% |
|
Almarai |
586 |
+13% |
|
Jarir |
189 |
+7% |
|
Saudi Electricity* |
5016 |
(9%) |
|
BinDawood Holding |
57 |
+35% |
|
MARAFIQ |
205 |
(22%) |
|
Riyadh Cables |
142 |
-- |
*Net profit before deducting speculation instruments
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