Ubhar Capital issues Q1 2022 earnings forecasts for banks, companies

12/04/2022 Argaam Special
*Difference in end of fiscal year


Ubhar Capital issued its forecasts for Q1 2022 earnings of Saudi banks and companies under its coverage.

 

The brokerage expects SABIC to achieve earnings of SAR 5.03 billion. Al Rajhi Bank is likely to post a net profit of SAR 3.82 billion, up 13% year-on-year (YoY), in the first quarter.

 

The table below shows Ubhar forecasts for Q1 2022 profits of banks and companies (SAR mln).

 

 Forecasts for Q1 2022 earnings of some banks and companies

(SAR mln)

Company

Q1 2022

Forecasts

Change

(YoY)

Banks

SNB

3.811

+12%

Al Rajhi

3.817

+14%

SAAB

791.6

(19%)

Petrochemicals

SABIC

5035.9

+4%

SIIG

133.8

(56%)

Yansab

438.7

+4%

Petro Rabigh

437.4

(33%)

Sipchem

823.7

+100%

Tasnee

360.6

+10%

Food and Retail

Jarir

273.2

+2%

SADAFCO*

57.4

+2%

BinDawood Holding

95.0

+53%

Al Othaim

92.4

+60%

Alandalus

19.6

+3%

Arabian Centres*

131.3

+1%

Leejam

49.3

--

*Difference in end of fiscal year

Comments {{getCommentCount()}}

Be the first to comment

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.