‎AlJazira Capital issues Q1 2023 earnings forecast

‎AlJazira Capital issues Q1 2023 earnings forecast

AlJazira Capital published Q1 2023 profit estimates for the Tadawul-listed banks and firms under coverage, with Al Rajhi Bank in the lead.

Al Rajhi Bank’s earnings are forecast to rise 6% year-on-year (YoY) to SAR 4.38 billion in Q1 2023.

Telecom operator, stc, is estimated to report SAR 3.22 billion in profit for the three-month period.

Meanwhile, Saudi Basic Industries Corp.’s (SABIC) earnings is projected to decline YoY to SAR 716.8 million in Q1 2023.

The below table illustrates AlJazira Capital’s Q1 2023 estimates for a number of banks and firms under coverage: