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‎SICO Bank issues Q4 2022 forecasts for Saudi banks, firms

‎SICO Bank issues Q4 2022 forecasts for Saudi banks, firms thumbnail

SICO Bank issues Q4 2022 forecasts for Saudi banks, firms

Tadawul trading screen


SICO Bank published its Q4 2022 forecasts for some Tadawul-listed banks and firms under its coverage.

Al Rajhi Bank’s profit is expected to reach SAR 4.4 billion. Further, stc is predicted to post a net profit of SAR 3.31 billion by the end of the three-month period. 

Below is a list of SICO Bank’s Q4 2022 estimates for the banks and firms under its coverage:

SICO Bank’s Q4 2022 Forecasts (SAR mln)

Company

Q4 2022 Estimates

(SAR mln)

YoY Change

Al Rajhi Bank

4440

+11%

Alinma

963

+56%

ANB

920

+102%

BSF

946

(5%)

SNB

4003

+35%

Riyad Bank

1782

+10%

SABB

1292

+203%

Telecommunication Sector

stc

3313

+27%

Mobily

391

+22%

Cement Sector

Arabian Cement

57

+145%

City Cement

39

+499%

Eastern Cement

39

(6%)

Hail Cement

2

Najran Cement

38

+5%

Qassim Cement

36

+6%

Saudi Cement

113

+68%

Southern Cement

109

+24%

Tabuk Cement

11

Umm Al Qura Cement

4

(75%)

Yamama Cement

104

Yanbu Cement

77

Industrial Sector

Maaden

1955

(6%)

Foods and Retail Sector

Almarai

355

+24%

Al Othaim

156.4

+1%

BinDawood Holding

11

(17%)

Jarir

267

+2%

Herfy

19.8

(59%)

Insurance Sector

Bupa Arabia

291

Tawuniya

113

Other Sectors

SGS

(17)

Saudi Ceramics

47

Fitness Time

86

Sulaiman Al Habib

445

+16%

Mouwasat 

131

(11%)

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