‎SNB Capital issues Q2 2023 estimates

‎SNB Capital issues Q2 2023 estimates

Tadawul trading screen 

SNB Capital issued Q2 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 expected to post net earnings of around SAR 1.2 billion for the second quarter of 2023. Al Rajhi Bank’s net profit is forecast to rise 2% year-on-year (YoY) to about SAR 4.3 billion. 

Below is a list of SNB Capital’s Q2 2023 estimates for banks and firms under its coverage: 









Q2 2023 Profit Forecasts











Company







Q2 2023







Change vs. Q1 2022











Petrochemicals











SABIC







1200.0







(85%)











SIIG







143







(50%)











Yansab







87.9







(70%)











Advanced







76.4







(30%)











Tasnee







91.6







(69%)











Sipchem







273.0







(78%)











SABIC Agri-Nutrients







589.0







(81%)











Saudi Kayan







(464.0)







--











Arabian Drilling







144.0







+31%











Luberef







410.0







(6%)