Riyad Capital issues Q1 2022 earnings forecast for Saudi banks, firms

07/04/2022 Argaam Special


Riyad Capital published its Q1 2022 earnings forecast for several Tadawul-listed banks and firms under its coverage.

 

Saudi Basic Industries Corporation’s (SABIC) profit is expected to rise year-on-year (YoY) to SAR 5.3 billion in Q1 2022. In the banking sector, Al Rajhi Bank is likely to post a 27% profit increase YoY to SAR 4.2 billion.  

 

Riyad Capital’s Q1 Profit Forecasts (SAR mln)

Company

Q1 2022

YoY Change

Banking Sector

BSF

921

+18%

SABB

807

(17%)

ANB

561

(4%)

Al Rajhi Bank

4238

+27%

Bank Albilad

462

+18%

Alinma Bank

744

+16%

Saudi National Bank

3878

+14%

Petrochemicals

Petrochem

204

(34%)

SABIC

5309

+ 9%

SABIC Agri-Nutrients

2551

+504%

Tasnee

356

+9%

Yansab

312

(26%)

Sipchem

1010

+145%

Advanced

158

(8%)

Saudi Kayan

403

(18%)

Telecommunications

stc

2857

(3%)

Mobily

343

+52%

Zain KSA

87

+113%

Cement

Yamama Cement

32

(42%)

Saudi Cement

45

(62%)

Qassim Cement

27

(73%)

Southern Cement

77

(56%)

Yanbu Cement

43

(41%)

Other Sectors

Almarai

276

(28%)

Jarir

270

+1%

SEC

1521

--

Sulaiman Al Habib

381

+19%

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read