Tadawul trading screen
SNB Capital issued Q1 2023 earnings forecasts for many Tadawul-listed banks and firms under its coverage, led by Saudi Basic Industries Corp. (SABIC), Al Rajhi Bank and Saudi Electricity Co. (SEC).
SABIC is predicted to post net earnings of SAR 647 million for the first quarter of 2023. Al Rajhi Bank’s net profit is expected to grow 5% year-on-year (YoY) to SAR 4.3 billion.
Below is a list of SNB Capital’s Q1 2023 estimates for banks and firms under its coverage:
Q1 2023 Profit Forecasts |
||
Company |
Q1 2023 |
Change vs. Q1 2022 |
Petrochemicals |
||
SABIC |
647.0 |
(90%) |
SIIG |
(147.0) |
-- |
Yansab |
(241.0) |
-- |
Advanced |
20.1 |
(88%) |
Tasnee |
62.1 |
(80%) |
Sipchem |
468.0 |
(57%) |
SABIC Agri-Nutrients |
1119.0 |
(55%) |
Saudi Kayan |
(800.0) |
-- |
Arabian Drilling |
152.0 |
+56% |
Luberef |
300.0 |
(1%) |
Banks |
||
Al Rajhi Bank |
4342.0 |
+5% |
Alinma Bank |
1132.0 |
+37% |
Banque Saudi Fransi |
1195.0 |
+37% |
Bank Albilad |
532.0 |
+9% |
Riyad Bank |
2035.0 |
+31% |
Bank AlJazira |
308.0 |
(18%) |
Telecommunication Services |
||
stc |
3088.0 |
+2% |
Mobily |
448.0 |
+40% |
Zain KSA |
203.0 |
+152% |
solutions |
312.0 |
+10% |
Healthcare |
||
Saudi German Health |
35.5 |
+73% |
Mouwasat |
144.0 |
(4%) |
Al Hammadi |
69.5 |
+12% |
Sulaiman Al Habib |
452.0 |
+16% |
Tourism |
||
SGS |
(46.0) |
-- |
Saudi Catering |
114.0 |
+223% |
Seera |
33.3 |
-- |
Retail |
||
Leejam |
62.0 |
+35% |
eXtra |
99.4 |
+2% |
Cenomi Retail |
4.6 |
(92%) |
Shaker |
15.4 |
+4% |
Jarir |
249.0 |
(1%) |
BinDawood Holding |
42.9 |
(34%) |
Al Othaim |
103.0 |
+13% |
Nahdi |
254.0 |
+7% |
Americana** |
66.8 |
-- |
Cement |
||
Arabian Cement |
48.6 |
+16% |
Yamama Cement |
104.0 |
+251% |
Eastern Cement |
67.7 |
+133% |
Qassim Cement |
66.9 |
+167% |
Southern Cement |
63.4 |
(29%) |
Saudi Cement |
138.0 |
+126% |
Yanbu Cement |
54.4 |
+40% |
Real Estate |
||
Dar Al Arkan |
(7.3) |
-- |
Taiba |
47.3 |
+132% |
Other Sectors |
||
SEC** |
1568.0 |
-- |
Saudi Pipe |
16.4 |
+13% |
Tadawul Group |
54.3 |
(61%) |
Savola |
137.0 |
(49%) |
**Americana profit in US dollar
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