AlJazira Capital issues Q2 2022 forecasts for Saudi banks, firms

05/07/2022 Argaam Special


Aljazira Capital issued its Q2 2022 forecasts for 40 Tadawul-listed banks and firms under its coverage.

 

Giant petrochemical producer, SABIC is expected to generate a net profit of SAR 5.61 billion for the second quarter of 2022. Al Rajhi Bank’s net earnings are predicted to jump 16% year-on-year (YoY) to SAR 4.2 billion.

 

Below is a list of AlJazira Capital’s Q2 2022 estimates for some banks and firms under its coverage:

 

Aljazira Capital’s Q2 2022 Forecasts (SAR mln)

Company

Q2 2022 Estimates (SAR mln)

YoY change

Banking Sector

Al Rajhi Bank

4167.0

+16%

Alinma Bank

792.9

+12%

Bank Albilad

449.7

+8%

Telecommunications

stc

3111.0

+10%

Mobily

344.0

+41%

Zain KSA

68.0

+62%

Materials Sector

SABIC

5610.0

(27%)

Tasnee

280.6

(21%)

Yansab

227.2

(62%)

SABIC Agri-Nutrients

2368.6

+183%

Sipchem

1035.5

+25%

Advanced

151.5

(43%)

Saudi Kayan

127.5

(84%)

Maaden

2310.0

+109%

Yamama Cement

73.8

(5%)

Saudi Cement

77.3

(11%)

Southern Cement

67.2

(29%)

Qassim Cement

49.5

(51%)

Arabian Cement

36.0

+7%

Yanbu Cement

19.4

(54%)

City Cement

21.3

(57%)

Eastern Cement

25.9

(58%)

Healthcare

Al Hammadi

44.8

+11%

Mouwasat

148.0

+5%

Care

33.7

+10%

Dallah

63.4

+34%

Sulaiman Al Habib

371.8

+14%

Saudi German Health

7.7

(15%)

Retailing

Jarir

222.3

+17%

Fawaz Alhokair*

58.3

+169%

SACO

4.1

(72%)

Consumer Services Sector

Seera Holding

(53.9)

--

Leejam Sports

54.7

+7%

Food

Almarai

514.0

+7%

Other Sectors

Budget Saudi

61.3

+9%

Theeb Rent a Car

45.5

+82%

SGS

(16.0)

--

Saudi Catering

48.8

--

Al Othaim

75.2

+57%

BinDawood Holding

97.8

+3%

*Different fiscal year

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