Riyad Capital issues Q1 2024 earnings forecasts

16/04/2024 Argaam Special
*Net profit before deducting Mudaraba coupon


Riyad Capital issued Q1 2024 earnings forecasts for several banks and companies under coverage.

 

The following table shows Riyad Capital’s earnings forecasts for banks and firms for Q1 2024:

 

Riyad Capital Q1 2024 Profit Estimates (SAR mln)

Company

Q1 2024 (Projected)

Change YoY

Petrochemicals

SABIC

106

(84%)

SABIC Agri-Nutrients

512

(48%)

Tasnee

(96)

--

Yansab

44

--

Sipchem

174

(63%)

Advanced

14

(67%)

Saudi Kayan

(919)

--

SIIG

33

--

Banks

BSF

1109

+3%

SAB

1815

+3%

ANB

1106

+4%

Al Rajhi Bank

4291

+4%

Bank Albilad

591

+6%

Alinma Bank

1418

+46%

SNB

5117

+2%

Telecommunications

stc

3141

+1%

Mobily

509

+9%

Zain KSA

83

(85%)

Software and Services

solutions

333

+10%

Elm

396

+23%

Health Care Equipment and Services

Sulaiman Al Habib

535

+9%

Mouwasat

209

+25%

Cement

Yamama Cement

535

(38%)

Saudi Cement

209

(24%)

Qassim Cement

535

(13%)

Southern Cement

209

+10%

Yanbu Cement

535

(26%)

Riyadh Cement

209

--

Other Sectors

Almarai

604

(5%)

Jarir

281

+13%

Saudi Electricity*

403

(16%)

BinDawood Holding

96

+86%

MARAFIQ

110

+3%

Riyadh Cables

139

+11%

Maaden

2086

+397%

Nahdi

244

--

Aldawaa

122

+60%

*Net profit before deducting Mudaraba coupon

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