AlJazira Capital issues Q4 2023 earnings forecast

11/01/2024 Argaam
*Estimates for Zain KSA's do not include non-recurring profit from selling towers


AlJazira Capital published its Q4 2023 profit estimates for Tadawul-listed banks and firms under coverage.

 

Al Rajhi Bank’s earnings are forecast to retreat 3% year-on-year (YoY) to SAR 4.26 billion in Q4 2023.

 

The below table illustrates AlJazira Capital’s Q4 2023 estimates for a number of banks and firms under coverage:

 

Q4 2023 Forecasts (SAR mln)

Company

Q4 2023 Estimates

YoY Change

Banking Sector

Al Rajhi Bank

4,261

(3%)

Alinma Bank

1,392

+62%

Bank Albilad

619

+15%

Telecommunication Sector

stc

2,703

(2%)

Mobily

616

+2%

Zain KSA

79

(68%)

Materials Sector

SABIC

814

+169%

Tasnee

90.2

+109%

Yansab

(26.8)

--

SABIC Agri-Nutrients

1,146.5

(47%)

Sipchem

225.5

(53%)

Advanced

20.2

--

Saudi Kayan

(451.7)

--

Alujain

5.5

--

Maaden

255.0

(75%)

Yamama Cement

74.3

(45%)

Saudi Cement

101.4

(34%)

Southern Cement

54.5

(13%)

Qassim Cement

53.2

--

Arabian Cement

19.7

(44%)

Yanbu Cement

14.4

(76%)

City Cement

30.8

(35%)

Eastern Cement

58.8

+11%

Healthcare Sector

Al Hammadi

91.0

+24%

Mouwasat

182.2

+1%

Care

65.8

+19%

Dallah Healthcare

95.9

+22%

Sulaiman Al-Habib

521.3

+18%

Saudi German Health

56.5

+70%

Retailing

Jarir

265.9

(1%)

Cenomi Retail*

(68.4)

--

SACO

(6.4)

--

Americana

223.1

(6%)

Consumer Services Sector

Seera

43.2

+39%

Leejam

126.1

+18%

Food & Beverages

Almarai

407.9

+15%

Other Sectors

Budget Saudi

71.9

+10%

Theeb

38.0

(29%)

Lumi

60.0

+46%

SAL

137.5

+22%

SGS

50.6

--

CATRION

80.3

(25%)

Al Mawarid

25.4

+4%

Al Othaim

153.9

(11%)

BinDawood Holding

61.5

+4%

Elm

322.5

+52%

solutions

269.1

+37%

2P

40.7

(12%)

Alkhorayef Water

49.6

+79%

Al Arabia

88.9

+10%

*Estimates for Zain KSA's do not include non-recurring profit from selling towers

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