Ubhar Capital issued Q1 2024 earnings forecasts for a number of Saudi banks and companies under coverage.
Al Rajhi Bank's earnings are expected to rise by 5% year-on-year (YoY) to SAR 4.34 billion, while the earnings of Saudi Basic Industries Corp. (SABIC) will likely rise to SAR 753.1 million.
The following table illustrates the research firm's earnings forecasts for Q1 2024:
|
Ubhar Capital's Q1 2024 Profit Forecasts (SAR mln) |
||
|
Company |
Q1 2024 |
YoY Change |
|
Banks |
||
|
SNB |
5272.6 |
+5% |
|
Al Rajhi Bank |
4338.8 |
+5% |
|
SAB |
1923.4 |
+9% |
|
Materials |
||
|
SABIC |
753.1 |
+14% |
|
Sipchem |
284.5 |
(39%) |
|
Tasnee |
78.1 |
(5%) |
|
Advanced |
46.6 |
+9% |
|
Yansab |
57.1 |
-- |
|
SIIG |
53.8 |
-- |
|
SABIC Agri-Nutrients |
1004.4 |
+2% |
|
Maaden |
631.0 |
+50% |
|
Cement |
||
|
Yamama Cement |
61.3 |
(46%) |
|
Saudi Cement |
104.2 |
(16%) |
|
City Cement |
28.6 |
+4% |
|
Qassim Cement |
42.1 |
(23%) |
|
Telecommunications |
||
|
stc |
3092.8 |
(1%) |
|
Mobily |
555.5 |
+19% |
|
Insurance |
||
|
Bupa Arabia |
255.7 |
-- |
|
Tawuniya |
113.6 |
-- |
|
Healthcare |
||
|
Sulaiman Al Habib |
517.1 |
+6% |
|
Mouwasat |
213.1 |
+28% |
|
Dallah Healthcare |
109.0 |
+15% |
|
Al Hammadi |
86.0 |
+6% |
|
IT |
||
|
solutions |
349.8 |
+15% |
|
MIS |
71.0 |
+53% |
|
Food and Staples Retailing |
||
|
Jarir |
249.6 |
+1% |
|
SADAFCO |
94.5 |
+3% |
|
Almarai |
708.5 |
+12% |
|
BinDawood Holding |
65.7 |
+28% |
|
Al Othaim |
116.2 |
(3%) |
|
Cenomi Centers |
350.6 |
(9%) |
|
Leejam Sports |
66.2 |
+6% |
|
Other Sectors |
||
|
Ataa Educational* |
10.1 |
(6%) |
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