23/04/2017 Argaam Exclusive
The aggregate net profit of Tadawul-listed banks reached SAR 11.6 billion in Q1 2017, 8 percent above average analysts’ forecasts of SAR 10.8 billion, according to data compiled by Argaam.
| Company | 2017 - Q1 (a) | 2017 - Q1 (e) | Change |
| ALRAJHI | 2,220.90 | 2,136.21 | 4.0 % |
| ALINMA | 421.32 | 413.39 | 1.9 % |
| BJAZ | 215.97 | 170.68 | 26.5 % |
| SAMBA | 1,230.59 | 1,196.55 | 2.8 % |
| BSFR | 1,103.89 | 959.00 | 15.1 % |
| ALBILAD | 229.38 | 209.67 | 9.4 % |
| ANB | 768.05 | 667.33 | 15.1 % |
| RIBL | 1,047.36 | 929.47 | 12.7 % |
| SAB | 1,035.98 | 988.00 | 4.9 % |
| Alawwal | 323.95 | 433.50 | (25.3 %) |
| SAIB | 344.94 | 294.00 | 17.3 % |
| SNB | 2,702.56 | 2,391.00 | 13.0 % |
| Total | 11644.88 | 10788.79 | 7.9 % |
Most banks’ net profits beat estimates, led by Bank Aljazira, which posted a 27 percent higher-than-expected rise.
Saudi Investment Bank’s (SAIB) net profit came in 17 percent above expectations. Net profits of Arab National Bank (ANB) and Banque Saudi Fransi beat forecasts by 15 percent each.
National Commercial Bank’s (NCB) net profit came in 13 percent higher than analysts’ estimates.
Meanwhile, Alawwal Bank reported the only miss of 25 percent.
| Company | 2017 - Q1 (a) | 2017 - Q1 (e) | Most Accurate Research Company |
| ALRAJHI | 2,220.90 | 2,185.00 | Sico |
| ALINMA | 421.32 | 424.00 | Riyad Capital |
| BJAZ | 215.97 | 189.20 | KASB Capital |
| SAMBA | 1,230.59 | 1,252.20 | OSOOL AND BAKHEET |
| BSFR | 1,103.89 | 991.00 | OSOOL AND BAKHEET |
| ALBILAD | 229.38 | 221.20 | AlJazira Capital |
| ANB | 768.05 | 690.00 | Riyad Capital |
| RIBL | 1,047.36 | 996.40 | OSOOL AND BAKHEET |
| SAB | 1,035.98 | 1,009.00 | Riyad Capital |
| Alawwal | 323.95 | 376.00 | SNB Capital |
| SAIB | 344.94 | 294.00 | SNB Capital |
| SNB | 2,702.56 | 2,391.00 | Sico |
| TASI | 11,995.99 | (161.04) | (1.32 %) |
| ALRAJHI | 79.20 | (1.10) | (1.37%) |
| ALBILAD | 33.60 | (1.20) | (3.46%) |
| ANB | 20.44 | (0.68) | (3.21%) |
| BJAZ | 15.56 | (0.24) | (1.51%) |
| RIBL | 25.30 | (0.85) | (3.27%) |
| SAB | 39.40 | (1.05) | (2.61%) |
| SAMBA | 39.05 | 1.70 | 4.62% |
| BSFR | 34.45 | (1.85) | (5.10%) |
| Alawwal | 19.58 | 0.28 | 1.45% |
| SAIB | 12.96 | (0.18) | (1.37%) |
| ALINMA | 30.95 | (0.85) | (2.68%) |
| SNB | 34.05 | (1.20) | (3.41%) |
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