Osool & Bakheet issues Q3 2022 earnings forecast for Saudi banks, firms

08/10/2022 Argaam Special


Osool & Bakheet Investment Co. released Q3 2022 earnings forecasts for 40 Tadawul-listed banks and companies.

 

Saudi Basic Industries Corp. (SABIC) is expected to record a profit of SAR 4.5 billion in the three-month period. Al Rajhi Bank’s net profit is projected to increase by 16% year-on-year to SAR 4.41 billion.

  

Osool & Bakheet's Q3 2022 Profits Forecasts (SAR mln)

Company

Q3 2022

Change YoY

Banks

Al Rajhi Bank

4411.9 

+16%

Saudi National Bank

5181.8 

+37%

Bank AlJazira

296.0 

+ 45%

Banque Saudi Fransi

915.9 

+ 1%

SABB

1289.5 

+ 46%

Bank Albilad

540.6 

+20 %

Alinma Bank

1008.3 

+ 37%

SAIB

337.8 

+23%

ANB

833.5 

+ 25%

Riyad Bank

1872.7 

+ 21%

Materials

Hail Cement

14.7 

+ 146%

Najran Cement

18.5 

(49%)

City Cement

38.8 

+2%

Umm Al-Qura Cement

10.7 

(14%)

Arabian Cement

52.7 

+40%

Saudi Cement

90.3 

+54%

Qassim Cement

42.5 

(30%)

Southern Cement

81.3 

(3%)

Yanbu Cement

57.4 

+ 62%

Eastern Cement

37.6 

(0.3%)

Tabuk Cement

5.9 

(30%)

Yamama Cement

147.9 

+270%

SABIC

4500.0 

(20%)

Kayan

31.4 

(95%)

Sipchem

859.2 

(17%)

SABIC Agri-Nutrients

2251.5 

+ 87%

Advanced

78.0 

(64%)

Alujain

37.6 

(34%)

Healthcare

Mouwasat

143.1 

+ 0.3%

Al Hammadi

42.4 

--

Sulaiman Al Habib

395.9 

+ 14%

Dallah

79.9 

+ 60%

Food and Staples Retailing

Jarir

265.9 

(2%)

Al Othaim

54.2 

+ 21%

eXtra

107.5 

+ 21%

Budget Saudi

65.3 

+15%

Theeb Rent a Car

47.7 

+ 74%

Maharah

31.7 

(11%)

Telecommunications

stc

2930.3 

+ 0.2%

Mobily

363.7 

+ 29%

 

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.

Most Read