Riyad Cap releases Q2 2022 earnings forecasts for Saudi banks, firms

06/07/2022 Argaam
Tadawul trading screen

Tadawul trading screen


Riyad Capital published its Q2 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 6.2 billion in Q2 2022. In the banking sector, Al Rajhi Bank is likely to post a 17% profit increase YoY to SAR 4.2 billion.  

 

The table below shows Riyad Capital’s outlook for the results of a number of banks and companies under its coverage for the second quarter of 2022:

 

Riyad Capital’s Q2 2022 Profit Forecasts (SAR mln)

Company

Q2 2022

YoY Change

Banking Sector

BSF

839

+9%

SABB

893

(3%)

ANB

636

+35%

Al Rajhi Bank

4207

+17%

Bank Albilad

510

+23%

Alinma Bank

853

+20%

SNB

4720

+123%

Petrochemicals

SABIC

6160

(20%)

SABIC Agri-Nutrients

2080

+149%

Tasnee

290

(19%)

Yansab

215

(64%)

Sipchem

1117

+35%

Saudi Kayan

25

(97%)

Advanced

110

(58)

Telecommunications

stc

3030

+7%

Mobily

325

+33%

Zain KSA

91

+118%

Cement

Yamama Cement

38

(51%)

Saudi Cement

83

(4%)

Qassim Cement

48

(52%)

Southern Cement

65

(32%)

Yanbu Cement

51

+23%

Other Sectors

Almarai

493

+2%

Jarir

218

+15%

SEC

4711

+20%

Sulaiman Al Habib

398

+22%

BinDawood Holding

78

(18%)

Nomu*

Riyad Cement

109

(32%)

Burgerizzr

7

+8%

Alhasoob

5.8

+2%

*H1 2022

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