AlJazira Capital issues Q3 2023 earnings forecast

08/10/2023 Argaam Special

AlJazira Capital issues Q3 2023 earnings forecast

Tadawul trading screen


AlJazira Capital published its Q3 2023 profit estimates for Tadawul-listed banks and firms under coverage, with Al Rajhi Bank leading the list.

 

Al Rajhi Bank’s earnings are forecast to retreat 5% year-on-year (YoY) to SAR 4.16 billion in Q3 2023. 

 

Giant petrochemical producer, SABIC is likely to report a profit drop to SAR 708 million.  

  

The below table illustrates AlJazira Capital’s Q3 2023 estimates for a number of banks and firms under coverage:

 

Q3 2023 Forecasts (SAR mln)

Company

Q3 2023 Estimates

YoY Change

Banking Sector

Al Rajhi Bank

4158

(5%)

Alinma Bank

1280

+29%

Bank Albilad

597

+10%

Telecommunication Sector

stc

4089

+16%

Mobily

492

+32%

Zain KSA

113

+33%

Materials Sector

SABIC

708

(61%)

Tasnee

107.2

+526%

Yansab

 (70.9)

--

SABIC Agri-Nutrients

983.1

(58%)

Sipchem

357.9

(54%)

Advanced

58.6

+117%

Saudi Kayan

(331)

--

Alujain

21.2

+13%

Maaden

331.2

(84%)

Yamama Cement

67.1

(34%)

Saudi Cement

57.2

(29%)

Southern Cement

35.8

(60%)

Qassim Cement

40.7

+74%

Arabian Cement

44.7

(24%)

Yanbu Cement

37.4

(46%)

City Cement

19.6

(22%)

Eastern Cement

47.0

+27%

Healthcare Sector

Al Hammadi

62.1

+9%

Mouwasat

148.1

+21%

Care

48.5

+14%

Dallah Healthcare

65.5

+49%

Sulaiman Al-Habib

494.6

+18%

Saudi German Health

43.3

+290%

Retailing

Jarir

257.0

(6%)

Cenomi Retail

20.3

(8%)

SACO

(14.6)

--

eXtra

90.2

(4%)

Consumer Services Sector

Seera

67.5

+26%

Leejam

74.1

+9%

Other Sectors

Budget Saudi

72.2

+13%

Theeb

45.0

(16%)

Lumi

55.1

+81%

SGS

53.7

--

Saudi Catering

77.5

+9%

Al Mawarid

23.7

+25%

Al Othaim

59.2

(92%)

BinDawood Holding

50.8

--

2P

35.6

+10%

Alkhorayef Water

40.3

+43%

Al Arabia

45.0

+37%

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read