Ubhar Capital’s Q3 earnings forecasts for Saudi firms
Tadawul trading screen
Ubhar Capital released its Q3 2024 earnings forecasts for the Saudi companies under its coverage.
Al Rajhi Bank is projected to post a 9% rise in net earnings to SAR 4.51 billion. Saudi Basic Industries Corp. (SABIC) is projected to earn SAR 1.74 billion in the three-month period.
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Ubhar Capital's Q3 2024 Earnings Forecasts (SAR mln) |
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|
Company |
Q3 2024 |
Change YoY |
|
Banking |
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|
SNB |
5335.2 |
+6% |
|
Al Rajhi Bank |
4508.6 |
+9% |
|
SAB |
1962.2 |
+7% |
|
Basic Materials |
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|
SABIC |
1743.9 |
-- |
|
Sipchem |
121.2 |
(48%) |
|
Tasnee |
51.4 |
(34%) |
|
Advanced |
49.5 |
+10% |
|
Yansab |
206.0 |
-- |
|
SIIG |
83.4 |
(62%) |
|
SABIC Agri-Nutrients |
735.2 |
(30%) |
|
Maaden |
1073.2 |
-- |
|
Cement |
||
|
Yamama Cement |
101.0 |
+148% |
|
Saudi Cement |
88.9 |
+30% |
|
City Cement |
30.7 |
-- |
|
Qassim Cement |
94.8 |
-- |
|
Telecommunications |
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|
stc |
2968.1 |
(39%) |
|
Mobily |
625.7 |
+19% |
|
Insurance |
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|
Bupa Arabia |
328.2 |
+19% |
|
Tawuniya |
175.3 |
(15%) |
|
Healthcare |
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|
Sulaiman Al Habib |
565.4 |
+4% |
|
Mouwasat |
169.6 |
+8% |
|
Dallah Healthcare |
116.9 |
+18% |
|
Al Hammadi |
70.9 |
(5%) |
|
IT |
||
|
solutions |
452.9 |
+17% |
|
MIS |
27.7 |
-- |
|
Food and Staples Retailing |
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|
SADAFCO |
137.5 |
+20% |
|
BinDawood Holding |
37.5 |
+7% |
|
Al Othaim |
65.5 |
+5% |
|
Cenomi Centers |
259.8 |
(9%) |
|
Leejam Sports |
108.9 |
+18% |
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Other Sectors |
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|
Ataa Educational* |
22.4 |
-- |