SNB Capital
SNB Capital

SNB Capital

Coverage: Saudi Arabia
SNB Capital is the largest asset manager in the Kingdom of Saudi Arabia and the largest Sharia compliant asset manager globally and offers a full range of investment banking and brokerage services alongside its market-leading research.
Location: Riyadh

Analysts

Latest from SNB Capital

SNB Capital Fund Managers’ Survery

The fund managers split their market outlooks in Q3 22 between bullish, neutral and bearish. Around 50% of the managers indicated that the market is fairly valued in Q3 22. Participants believe that value strategies will outperform in the coming peri...
SNB Capital Walid
Walid Khalid Bamhair @ SNB Capital 21 September 2022

Advanced Petrochemicals: Earnings call summary – Q2 22

Sales was driven by a 13% yoy increase in sales volume which was partly offset by a decline in realized prices. Advanced does not need to inject capital to SK Advance currently. Propylene consumption was reduced due to lockdowns in China.
SNB Capital Iyad
Iyad Khalid Ghulam @ SNB Capital 6 September 2022

Saudi Arabia: FTSE Russel Semi-Annual Review – September 2022

The investability weights were changed for 9 stocks. On a pro-forma basis, the Saudi market weight in the FTSE Emerging Market increased from c5.3% to c5.4%. For all the other stocks, the inflow/outflow is of less than 1 day based on 3 months of ADTV...
SNB Capital Walid
Walid Khalid Bamhair @ SNB Capital 5 September 2022

Al Othaim: Q2 22 earnings call summary

Total revenue increased by 3.8% yoy to SAR2.25bn in Q2 22, mainly driven by new stores opening. Registered loyalty customers under IKTISSAB program increased to c1.0mn, up 5.2% ytd. Total grocery market is expected to increase from SAR165bn (currentl...
SNB Capital Nauman
Nauman Khan @ SNB Capital 5 September 2022

Savola: Q2 22 earnings call summary

Revenues came in at SAR6.89bn, up 16.7% yoy (-8.0% qoq). Reported net income was SAR214mn in Q2 22, up 6.9% yoy (-21.1% qoq). The number of Panda stores declined by 3 and reached 192 stores at the end of Q2 22.
SNB Capital Nauman
Nauman Khan @ SNB Capital 31 August 2022

Saudi Airlines Catering: Profits rise with increase in business operations

Catering reported a net profit of SAR43.5mn in Q2 22. Revenues stood at SAR413mn, up 60.8% yoy (+4.8% qoq). Operating profit came-in at SAR56mn in Q2 22.
SNB Capital Iyad
Iyad Khalid Ghulam @ SNB Capital 28 August 2022