KASB Capital issues Q3 earnings estimates for listed firms, banks

08/10/2023 Argaam


KASB Capital recently issued its Q3 2023 earnings estimates for several Saudi companies and banks under its coverage.

 

Saudi Basic Industries Corporation’s (SABIC) net profit for Q3 2023 is expected to reach SAR 1.93 billion, up 5% year-on-year (YoY), while Al Rajhi Bank’s earnings are expected to fall 4% YoY.

 

Net Profit Estimates for Q3 2023 (SAR mln)

Company

Q3 2023 (Projected)

Change YoY

Petrochemical Industries

SABIC

1933.82

+5%

Yansab

(123.06)

--

Advanced

81.95

+204%

Sipchem

532.35

(31%)

SABIC AN

834.14

(64%)

Banking Sector

Al Rajhi Bank

4178.27

(4%)

Alinma Bank

1317.57

+33%

Bank Albilad

612.05

+13%

Bank AlJazira

276.29

+19%

Telecommunications

stc

4689.36

+32%

Mobily

596.63

+60%

Cement

Saudi Cement

80.36

(0.4%)

Southern Cement

31.24

(65%)

Yamama Cement

82.25

(19%)

Qassim Cement

51.95

+122%

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