SNB Cap issues Q3 2022 estimates for Saudi banks, firms under coverage
SNB Capital issued Q3 2022 earnings forecasts for many Tadawul-listed banks and firms under its coverage, led by Saudi Aramco, Saudi Basic Industries Corp. (SABIC), Al Rajhi Bank and Saudi Electricity Co. (SEC).
Saudi Aramco is predicted to post net earnings of SAR 151.9 billion for the third quarter of 2022. Al Rajhi Bank’s net profit is expected to leap 16% year-on-year (YoY) to SAR 4.4 billion.
Below is a list of SNB Capital’s Q3 2022 estimates for banks and firms under its coverage:
Q3 2022 Profit Forecasts |
||
Company |
Q3 2022 |
Change vs. Q3 2021 |
Petrochemicals |
||
Saudi Aramco |
151881 |
+39% |
SABIC |
4696 |
(16%) |
SIIG |
173 |
(15%) |
Yansab |
105 |
(42%) |
Advanced |
47 |
(78%) |
Tasnee |
163 |
(51%) |
Sipchem |
656 |
(36%) |
SABIC Agri-Nutrients |
2189 |
+81% |
Saudi Kayan |
41 |
(94%) |
Banks |
||
Al Rajhi Bank |
4383 |
+16% |
Alinma Bank |
988 |
+34% |
Banque Saudi Fransi |
912 |
+1% |
Bank Albilad |
533 |
+18% |
Bank AlJazira |
281 |
+37% |
Telecommunication Services |
||
stc |
2996 |
+2% |
Mobily |
333 |
+19% |
Zain KSA |
136 |
+125% |
solutions |
278 |
+8% |
Food Production |
||
Savola |
192 |
+57% |
Almarai |
465 |
+14% |
Healthcare |
||
Saudi German Health |
13 |
(7%) |
Mouwasat |
142 |
(1%) |
Al Hammadi |
43 |
-- |
Sulaiman Al Habib |
405 |
+16% |
Tourism |
||
SGS |
(25) |
-- |
Saudi Catering |
46 |
+201% |
Seera |
(34) |
-- |
Retail |
||
Leejam |
53 |
(31%) |
eXtra |
101 |
+14% |
Fawaz Alhokair* |
35 |
+106% |
Shaker |
13 |
+6% |
Jarir |
301 |
+11% |
Al Othaim |
52 |
+17% |
BinDawood Holding |
61 |
(13%) |
Nahdi |
260 |
+5% |
Cement |
||
Arabian Cement |
43 |
+15% |
Yamama Cement |
66 |
+66% |
Eastern Cement |
38 |
-- |
Qassim Cement |
47 |
(23%) |
Southern Cement |
84 |
+1% |
Saudi Cement |
87 |
+47% |
Yanbu Cement |
45 |
+28% |
|
Real Estate |
|
Dar Al Arkan |
83 |
+228% |
Taiba |
46 |
-- |
|
Other Sectors |
|
SEC** |
7158 |
(3%) |
SSP |
12 |
(25%) |
Tadawul Group |
102 |
(12%) |
*Different fiscal year
**Profit before profit attributable to Mudaraba Instrument
Comments 0
Be the first to comment

- A look at highest executive salaries in 2024; ADES, Aramco, Savola lead
- Tanmiah holds 20% of poultry market in the kingdom, we aim to enhance presence in ready-to-eat meals: Group CEO
- Tadawul sees 14 negotiated deals worth SAR 147.3M
- Jarir’s upward growth seen intact going forward: Chairman
- Saudi imports from GCC hit SAR 6.3B in January
Market Indices
Quotes
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments Analysis: