SNB Capital issues Q3 2023 earnings estimates

08/10/2023 Argaam


SNB Capital issued Q3 2023 earnings forecasts for Tadawul-listed banks and firms under its coverage, led by Saudi Basic Industries Corp. (SABIC), Al Rajhi Bank and Saudi Electricity Co. (SEC).

Q3 2023 Profit Forecasts

Company

Q3 2023

YoY Change 

Petrochemicals

SABIC*

(366)

--

SIIG

167

+205%

Yansab

(104)

--

Advanced

86

+219%

Tasnee

94.4

+451%

Sipchem

350

(55%)

SABIC AN

1,000

(57%)

Saudi Kayan

(251)

--

Arabian Drilling

163

(24%)

Luberef

326

(31%)

Banks

Al Rajhi Bank

4,204

(3%)

Alinma Bank

1,269

+28%

Banque Saudi Fransi

1,114

+16%

Bank Albilad

581

+7%

Riyad Bank

2,024

+11%

Bank AlJazira

268

+15%

Telecommunication Services

stc

4131

+17%

Mobily

454

+22%

Zain KSA

167

+96%

solutions

345

+15%

Healthcare

Saudi German Health

97.3

+776%

Mouwasat

137

+12%

Al Hammadi

60.2

+5%

Sulaiman Al Habib

494

+17%

Dallah

70

+60%

Tourism

SGS

46.1

--

Saudi Catering

57.8

(19%)

Seera

68.1

+27%

Retail

Leejam

78.2

+15%

eXtra

87.8

(7%)

Cenomi Retail

60.4

+173%

Shaker

11.3

--

Jarir

274

+0.2%

BinDawood Holding

50.5

--

Al Othaim

54.9

(93%)

Nahdi

254

+0.2%

Americana**

94.6

+24%

Aldawaa

76.3

+58%

Cement

Arabian Cement

36.3

(38%)

Yamama Cement

84.3

(17%)

Eastern Cement

48.5

+161%

Qassim Cement

40.2

+72%

Southern Cement

41.9

(53%)

Saudi Cement

76.1

(6%)

Yanbu Cement

41.2

(41%)

Real Estate

Dar Al Arkan

137.2

+73%

Taiba

63.3

+48%

Other Sectors

SEC***

4,977

(22%)

Saudi Pipe

63.5

+278%

Savola

181

+11%

Tadawul Group

116

+30%

First Mills

44.9

(29%)

*SABIC’s results include a SAR 2.25 bln financial impact of Hadeed 

**Americana profit in US dollar

***Profit before Mudaraba instruments


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