Riyad Capital issues Q4 2022 earnings forecasts for Saudi banks, firms under coverage

Tadawul trading screen

Riyad Capital released Q4 2022 earnings forecasts for several Tadawul-listed banks and firms under its coverage.

 

Saudi Basic Industries Corporation (SABIC) is expected to post a 70% year-on-year (YoY) plunge in net profit to SAR 1.5 billion in Q4 2022. On the flip side, Al Rajhi Bank is likely to post a 9% profit rise YoY to SAR 4.38 billion in the three-month period.  

 

Riyad Capital’s Q4 2022 Profit Forecasts (SAR mln)

Company

Q4 2022

YoY Change

Banking Sector

BSF

1022

+3%

SABB

1274

+198%

ANB

891

+95%

Al Rajhi Bank

4382

+9%

Bank Albilad

528

+23%

Alinma Bank

944

+52%

SNB

4675

+58%

Petrochemicals

SABIC

1501

(70%)

SABIC Agri-Nutrients

1911

(31%)

Tasnee

38

(89%)

Yansab

(29)

--

Sipchem

518

(61%)

Advanced

20

(88%)

Saudi Kayan

(515)

--

SIIG

51

(58%)

Telecommunications

stc

2804

+7%

Mobily

383

+19%

Zain KSA

87

+22%

Cement

Yamama Cement

109

--

Saudi Cement

105

+56%

Qassim Cement

41

+21%

Southern Cement

100

+13%

Yanbu Cement

72

+629%

Other Sectors

Almarai

323

+13%

Jarir

259

(1%)

SEC*

1043

--

Sulaiman Al Habib

447

+13%

BinDawood Holding

(7)

--

solutions

306

+167%

Elm

226

+105%

Nomu-Parallel Market  

Riyadh Cement

97

+90%

Burgerizzr

5

(44%)

Al Hasoob

3.7

(41%)
* Saudi Electricity Co. (SEC) net loss stood at SAR 888 million, after Mudaraba instrument 

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Market Indices

TASI
11,577.50
(49.10) (0.42 %)
Created with Highstock 6.0.710:0011:0012:0013:0052.4052.6052.8053.00
Close : 52.70 | Apr 21, 12:10
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Quotes

STC
46.40
(0.35) (0.75%)
Created with Highstock 6.0.710:0011:0012:0013:0052.4052.6052.8053.00
Close : 52.70 | Apr 21, 12:10
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ETIHAD ETISALAT
62.60
1.20 1.95%
SAUDI ELECTRICITY
14.98
(0.04) (0.27%)
ALRAJHI
97.90
0.20 0.20%
ALBILAD
28.80
(0.30) (1.03%)
ANB
22.20
(0.20) (0.89%)
SAB
34.25
(0.40) (1.15%)
BSF
17.36
0.02 0.12%
QACCO
52.70
(0.20) (0.38%)
SAUDI CEMENT
44.50
(0.20) (0.45%)
SPCC
31.25
(0.40) (1.26%)
YC
36.00
0.00 0.00%
YCC
22.02
(0.04) (0.18%)
ALMARAI
53.10
(0.40) (0.75%)
TASNEE
9.18
0.02 0.22%
SABIC
61.10
(0.30) (0.49%)
SABIC AGRI-NUTRIENTS
102.80
(0.60) (0.58%)
SIIG
15.40
(0.20) (1.28%)
YANSAB
33.10
(0.25) (0.75%)
JARIR
12.74
(0.08) (0.62%)
SIPCHEM
19.38
(0.04) (0.21%)
SAUDI KAYAN
5.92
(0.05) (0.84%)
ALINMA
29.30
(0.15) (0.51%)
ADVANCED
29.50
(0.40) (1.34%)
ZAIN KSA
13.14
0.12 0.92%
SOLUTIONS
300.40
(0.60) (0.20%)
SNB
33.90
(0.05) (0.15%)
SULAIMAN ALHABIB
282.00
0.00 0.00%
RIYADH CEMENT
33.50
(0.30) (0.89%)
BINDAWOOD
6.25
(0.03) (0.48%)
ELM
987.20
(5.20) (0.52%)
BURGERIZZR
17.72
(0.14) (0.78%)
ALHASOOB
52.60
1.60 3.14%


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