Al Rajhi Capital issues Q4 2024 profit forecasts for TASI-listed firms

Al Rajhi Capital issued Q4 2024 earnings forecasts for Saudi-listed companies under its coverage.

 

Saudi Basic Industries Corp. (SABIC) is expected to post a net profit of SAR 737 million, while stc’s earnings are forecast to rise 26% year-on-year (YoY).

 

Al Rajhi Capital’s Q4 Earnings Forecasts (SAR mln)

Company

Q3

 2024 (Projected)

Change YoY

Q3 2023

Petrochemicals

SABIC

737

--

Sipchem

96

(40%)

SABIC AN

885

(10%)

Yansab

154

+735%

Advanced

23

--

Cement

Arabian Cement

46

+41%

Yamama Cement

109

+107%

Saudi Cement

125

+20%

Qassim Cement*

62

--

Yanbu Cement

40

+119%

Southern Cement

44

(41%)

Najran Cement

22

+17%

Riyadh Cement

74

+70%

Foods

Almarai

443

+20%

SADAFCO

103

(2%)

Savola

11632

+5023%

NADEC

210

+69%

Tanmiah

19

(29%)

Almunajem

44

(47%)

First Mills

60

+4%

Modern Mills

56

+10%

Retail

Jarir

250

(9%)

Cenomi Retail

(14)

--

Al Othaim

283

+67%

eXtra

157

+24%

BinDawood Holding

71

(41%)

Telecoms

stc**

2860

+26%

Mobily

690

(8%)

Zain KSA

47

(84%)

Healthcare

Dallah

137

+20%

Mouwasat

243

+32%

Care

64

--

Al Hammadi

76

+20%

Fakeeh

95

+29%

Sulaiman Al Habib

594

+13%

Saudi German Health

64

+74%

Pharmaceuticals

SPIMACO

(12)

--

Jamjoom Pharma

48

+8%

Astra Industrial

156

+25%

Avalon Pharma

49

+8%

Insurance

Bupa Arabia

147

+40%

Tawuniya

72

(20%)

GIG

19

(14%)

Malath

10

+10%

Walaa Insurance

34

(26%)

Saudi Re

50

+160%

Transport & Logistics

Lumi Rental

45

+76%

Theeb

46

+30%

Budget Saudi

80

+21%

SISCO**

18

+169%

SAL

173

(4%)

Jahez

58

+74%

Other Sectors

Bawan

31

(15%)

Saudi Ceramics

20

--

Equipment House

11

+2%

Tamkeen

19

+49%

Aldrees

89

+24%

Arabian Drilling

90

(51%)

ADES Holding

205

+23%

Luberef

206

(23%)

solutions

275

+70%

MIS

10

--

2P

38

(3%)

Elm

409

+25%

Rasan

35

+256%

Alkhorayef Water

71

+141%

Miahona****

14

+10%

ACWA Power

419

(29%)

Al Arabia

55

(31%)

AMAK

46

+680%

SMASCO

36

(20%)

Seera

35

(68%)

Tadawul Group

133

+45%

United International

65

+17%

Leejam Sports

133

+3%

Riyadh Cables

219

+63%

*Financial results of Qassim Cement and Hail Cement for Q4 2023 and Q4 2024 were consolidated.

**stc’s 51% stake sale in TAWAL to the PIF was excluded, resulting in a one-off income.

***Excluding revenues of the construction sector

**** A potential one-off payment from Al-Haer project development

Al Rajhi Capital - Q4 2024 profit forecasts 02 2024/01/2025

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Quotes

STC
40.85
0.35 0.86%
ETIHAD ETISALAT
53.80
(0.20) (0.37%)
TAWUNIYA
150.00
2.00 1.35%
NADEC
24.14
(0.38) (1.55%)
ACC
24.30
(1.50) (5.81%)
QACCO
52.00
(0.90) (1.70%)
SAUDI CEMENT
41.50
(1.20) (2.81%)
SPCC
33.60
(0.55) (1.61%)
YC
33.35
(1.85) (5.26%)
YCC
23.38
(0.70) (2.91%)
ALMARAI
56.00
(0.80) (1.41%)
SAUDI CERAMICS
34.60
(0.20) (0.57%)
SPIMACO
32.00
0.00 0.00%
SABIC
66.90
(0.40) (0.59%)
SADAFCO
335.00
1.40 0.42%
SABIC AGRI-NUTRIENTS
109.60
(1.60) (1.44%)
SAVOLA GROUP
35.60
(0.40) (1.11%)
SISCO HOLDING
31.20
(0.50) (1.58%)
YANSAB
36.95
(0.75) (1.99%)
JARIR
12.72
0.04 0.32%
ALDREES
120.20
(0.20) (0.17%)
SIPCHEM
24.06
(0.60) (2.43%)
BUDGET SAUDI
81.40
(1.90) (2.28%)
BUPA ARABIA
202.00
(1.80) (0.88%)
SEERA
22.54
0.06 0.27%
A.OTHAIM MARKET
10.48
(0.08) (0.76%)
CENOMI RETAIL
14.44
0.62 4.49%
MALATH INSURANCE
16.80
0.10 0.60%
ADVANCED
32.00
0.00 0.00%
WALAA
19.76
0.20 1.02%
NAJRAN CEMENT
8.96
(0.16) (1.75%)
ZAIN KSA
10.28
(0.02) (0.19%)
ASTRA INDUSTRIAL
185.80
5.00 2.77%
SAUDI RE
54.30
(0.40) (0.73%)
DALLAH HEALTH
152.00
1.00 0.66%
GIG
30.95
(0.25) (0.80%)
MOUWASAT
85.10
(0.70) (0.82%)
EXTRA
92.10
2.00 2.22%
BAWAN
55.90
0.30 0.54%
CARE
166.20
0.20 0.12%
SOLUTIONS
272.40
(2.20) (0.80%)
LUMI
70.80
(0.80) (1.12%)
ALHAMMADI
38.40
(0.20) (0.52%)
ACWA POWER
400.20
(3.60) (0.89%)
FAKEEH CARE
67.80
0.30 0.44%
ALARABIA
150.00
3.80 2.60%
RIYADH CABLES
142.00
3.40 2.45%
SULAIMAN ALHABIB
284.00
0.40 0.14%
ARABIAN DRILLING
111.60
(0.20) (0.18%)
RIYADH CEMENT
30.35
(1.75) (5.45%)
SAUDI GERMAN HEALTH
69.30
0.80 1.17%
Leejam Sports
185.00
0.40 0.22%
LUBEREF
112.00
(2.40) (2.10%)
THEEB
76.00
0.00 0.00%
BINDAWOOD
6.50
(0.04) (0.61%)
ALMUNAJEM
96.00
0.10 0.10%
SAL
260.00
8.00 3.17%
ELM
1,157.40
41.00 3.67%
AWPT
150.20
0.00 0.00%
JAHEZ
30.25
(0.40) (1.31%)
TANMIAH
117.00
(2.20) (1.85%)
EQUIPMENT HOUSE
51.00
0.00 0.00%
AMAK
65.00
(1.60) (2.40%)
TAMKEEN
64.30
(0.60) (0.92%)
ADES
17.36
0.04 0.23%
2P
14.16
0.12 0.85%
JAMJOOM PHARMA
150.00
(2.80) (1.83%)
UIHC
186.60
6.60 3.67%
FIRST MILLS
60.00
0.10 0.17%
RASAN
86.40
(1.60) (1.82%)
MIAHONA
27.60
(0.40) (1.43%)
AVALON PHARMA
120.80
(1.60) (1.31%)
MODERN MILLS
40.70
(0.25) (0.61%)
SMASCO
7.57
(0.06) (0.79%)


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