Here’re Yaqeen Capital Q4 2023 earnings forecasts

22/01/2024 Argaam


Yaqeen Capital issued Q4 2023 earnings forecasts for a number of listed companies and banks under its coverage.

 

The brokerage expected Saudi telecom giant stc to report a profit decline of 1% to SAR 2.72 billion in Q4 2023, compared to the year-earlier period. Al Rajhi Bank’s fourth-quarter earnings are likely to slump 1% year-on-year (YoY) to SAR 4.34 billion.

 

Q4 2023 earnings forecasts (SAR mln)

Company

Q4 2023 (expected)

 YoY Change

 

Banks

 

Al Rajhi Bank

4345

(1%)

Bank AlJazira

278

+14%

Alinma Bank

1357

+58%

Bank Albilad

615

+14%

 

Telecom

 

stc

2722

(1%)

Mobily

615

+2%

 

Discretionary Retail

 

Jarir

276

+3%

 

Other Sectors

 

solutions

249

+26%

Alkhorayef Water

46

+66%

Al Arabia

102

+26%

Tawuniya

215

(33%)

Saudi Re

20

--

Bupa Arabia

302

+48%

ACWA Power

404

(38%)

ADES

135

(39%)

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