Al Rajhi Capital issues Q1 2023 profit estimates

05/04/2023 Argaam

Al Rajhi Capital issues Q1 2023 profit estimates


Al Rajhi Capital issued Q1 2023 earnings forecasts for the Saudi-listed companies under its coverage.

 

Saudi Basic Industries Corp. (SABIC) is projected to post an 83% fall year-on-year (YoY) in net earnings to SAR 1.12 billion during the three-month period.

 

Telecom major stc is seen to report a 10% YoY profit increase in Q1 2023.

 

Al Rajhi Capital’s Q1 2023 Forecasts (SAR mln)

Company

Q1 2023 Estimates

(SAR mln)

YoY Change

Petrochemicals

SABIC

1,122

(83%)

Sipchem

524

(51%)

SABIC Agri-Nutrients

854

(66%)

Yansab

(249)

--

Advanced

52

(68%)

Cement

Arabian Cement

31

(26%)

Yamama Cement

89

+200%

Saudi Cement

130

+113%

Qassim Cement

57

+127%

Yanbu Cement

62

+59%

Southern Cement

81

(9%)

Najran Cement

39

+67%

Telecommunications

stc

3325

+10%

Mobily

395

+24%

Zain KSA

139

+73%

Food & Agriculture

Almarai

443

+5%

SADAFCO*

86

+40%

Savola

265

(2%)

Herfy

19

(33%)

Tanmiah

27

--

Retail

Jarir

259

+3%

Cenomi Retail*

11

--

Al Othaim

96

+5%

eXtra

97

(1%)

BinDawood Holding

27

(59%)

Healthcare

Dallah

88

+6%

Mouwasat

165

+10%

Care

43

+43%

Al Hammadi

61

(2%)

Sulaiman Al Habib

422

+13%

Insurance

Bupa Arabia

199

+112%

Tawuniya

120

+499%

GIG

21

+3%

Other Sectors

Leejam

61

+33%

Saudi Ceramics

45

(12%)

Aldrees

72

+15%

Bawan

36

(29%)

MIS

44

--

solutions

303

+7%

Alkhorayef Water

36

+42%

Al Arabia

85

+31%

SISCO

26

--

Equipment House

16

(4%)

Arabian Drilling

149

+53%

Luberef

371

+23%

Riyadh Cables

111

--

*A different fiscal year

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