United Securities issued its Q2 2024 estimates for several Saudi companies and banks under its coverage.
Al Rajhi Bank net profit for Q2 is expected to reach SAR 4.36 billion, a rise of 5 % year-on-year (YoY), while stc’s earnings are expected to increase 8% YoY.
|
Net Profit Estimates for Q2 2024 (SAR mln) |
||
|
Company |
Q2 2024 (Projected) |
Change (YoY) Q2 2023 |
|
Banking |
||
|
Al Rajhi Bank |
4369 |
+5% |
|
SNB |
5059 |
+1% |
|
Riyad Bank |
2092 |
+5% |
|
Alinma Bank |
1344 |
+10% |
|
SAB |
1749 |
+13% |
|
Transport & Logistics |
||
|
Lumi |
34 |
(31%) |
|
Budget Saudi |
67 |
(5%) |
|
Theeb |
33 |
+10% |
|
SAL |
148 |
+36% |
|
Cement |
||
|
Saudi Cement |
83 |
(3%) |
|
Yamama Cement |
91 |
(8%) |
|
Southern Cement |
40 |
+109% |
|
Yanbu Cement |
43 |
+22% |
|
Najran Cement |
12 |
+63% |
|
Riyadh Cement |
59 |
+11% |
|
Arabian Cement |
34 |
+22% |
|
Eastern Cement |
58 |
+13% |
|
City Cement |
38 |
+55% |
|
IT |
||
|
MIS |
11 |
(78%) |
|
solutions |
323 |
(5%) |
|
Fuel Retail |
||
|
Aldrees |
82 |
+17% |
|
Food Retail |
||
|
Americana* |
66 |
(25%) |
|
Herfy |
10 |
+120% |
|
NADEC |
80 |
+23% |
|
Jahez** |
64 |
+2% |
|
Pharmaceuticals |
||
|
Jamjoom Pharma |
97 |
+12% |
|
SPIMACO |
38 |
+70% |
|
Astra Industrial |
124 |
+8% |
|
Telecommunications |
||
|
stc |
3260 |
+8% |
|
Etihad Etisalat |
583 |
+17% |
|
Zain KSA |
65 |
(48%) |
|
Healthcare |
||
|
Care |
66 |
+38% |
|
Al Hammadi |
79 |
(3%) |
|
Saudi German Health |
35 |
(13%) |
|
Other Sectors |
||
|
Aldawaa |
99 |
+11% |
|
CATRION |
78 |
+22% |
|
Saudi Ground Services |
75 |
+50% |
|
ADES |
212 |
+104% |
|
Al-Arabia |
87 |
+2% |
|
Nahdi |
209 |
(21%) |
**Forecasts for H1 2024, compared to H1 2023.
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