Osool & Bakheet issues Q3 2023 earnings forecast

09/10/2023 ِArgaam


Osool & Bakheet Investment Co. released Q3 2023 earnings forecasts for 40 Tadawul-listed banks and companies.

 

Saudi Basic Industries Corp. (SABIC) is expected to report losses of more than SAR 880 million. Al Rajhi Bank’s net profit is forecast to decline 6% year-on-year to SAR 4.08 billion.

 

Osool & Bakheet's Q3 2023 Profits Forecasts (SAR mln)

Company

Q3 2023

Change YoY

Banks

Al Rajhi Bank

4080.75

(6%)

SNB

5151.19

+9%

AlJazira

258.09

+11%

BSF

1101.93

+15%

SAB

1526.06

+9%

Albilad

568.38

+5%

Alinma

1293.70

+31%

SAIB

504.50

(8%)

ANB

1018.29

+11%

Riyad Bank

2002.40

+10%

Materials

Najran Cement

11.40

(59%)

City Cement

22.09

(13%)

Umm Al-Qura Cement

2.77

(56%)

Arabian Cement

40.17

(32%)

Saudi Cement

48.75

(40%)

Qassim Cement

42.84

+83%

Southern Cement

26.39

(70%)

Yanbu Cement

49.24

(29%)

Eastern Cement

56.94

+200%

Yamama Cement

88.36

(13%)

SABIC*

(880.1)

--

Kayan

(342.7)

--

Sipchem

383.76

(50%)

SABIC Agri-Nutrients

889.76

(62%)

Advanced

55.53

+106%

Alujain

14.71

(22%)

Healthcare

Mouwasat

149.68

+23%

Al Hammadi

78.59

+38%

Sulaiman Al Habib

493.11

+17%

Care

54.02

+27%

Dallah

51.66

+18%

Food and Staples Retailing

Jarir

258.25

(6%)

Al Othaim

59.83

(92%)

BinDawood Holding

58.81

--

Budget Saudi

66.38

+3%

Theeb

34.19

(36%)

Lumi

52.07

--

Bawan

35.64

(6%)

Telecommunications

stc

3963.64

+12%

Mobily

538.30

+45%

 

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