AlJazira Capital previews Q3 2024 earnings forecasts

06/10/2024 Argaam
Tadawul trading screen

Tadawul trading screen 


AlJazira Capital issued Q3 2024 earnings forecasts for a number of Saudi banks and companies under its coverage.

 

It expects Al Rajhi Bank to report a net profit of SAR 4.8 billion in the three-month period, an increase of 16% year-on-year (YoY).

 

Q3 2024 Earnings Forecasts (SAR mln)

Company

Q3 2024 (Projected)

YoY Change

Energy

Saudi Aramco

98249.0

(20%)

Arabian Drilling

104.0

(26%)

ADES

190.0

+126%

Banking

Al Rajhi Bank

4818.0

+16%

Alinma Bank

1446.0

+9%

Bank Albilad

678.0

+10%

Telecoms

stc

3590.0

(27%)

Mobily

632.0

+21%

Zain

75.0

(74%)

Materials

SABIC

1450.0

--

Tasnee

45.4

(42%)

Yansab

177.5

--

SABIC AN

874.4

(17%)

Sipchem*

174.9

(25%)

Advanced

29.5

(35%)

Kayan

(248.1)

--

Alujain*

14.4

(10%)

Maaden

1070.7

--

Cement

Yamama Cement

97.5

+139%

Saudi Cement

80.7

+18%

Southern Cement

44.9

(16%)

Qassim Cement

103.0

--

Arabian Cement

30.3

+2%

Yanbu Cement

30.0

+93%

City Cement

36.1

--

Eastern Cement

60.9

+49%

Riyadh Cement

87.3

--

Healthcare

Al Hammadi

63.4

(15%)

Mouwasat

163.8

+5%

Care

69.7

(5%)

Dallah

125.9

+27%

Sulaiman Al Habib

577.8

+6%

Saudi German Health

52.7

(1%)

Fakeeh Care

62.3

(22%)

Consumer Staples Retailing

Al Othaim

71.4

+14%

BinDawood Holding

38.7

+11%

Almunajem

72.7

+19%

Retailing

Jarir

306.9

+4%

SACO

(4.2)

--

eXtra

121.6

+3%

Americana

236.8

(23%)

Consumer Services

Seera

42.2

+76%

Leejam Sports

112.4

+22%

Other Sectors

Modern Mills

50.5

+11%

Budget Saudi

89.0

+24%

Theeb

44.6

+30%

Lumi

37.9

+8%

SAL

159.9

+38%

SGS

81.3

+36%

CATRION

81.6

(12%)

Al Mawarid

26.6

+16%

Elm

454.5

+36%

solutions

400.8

+4%

2P**

49.2

+47%

Alkhorayef Water

91.4

+118%

Al Arabia

65.0

+3%

Riyadh Cables

169.2

+27%

*Includes SAR 12.6 mln in non-cash loss from amortization

** Includes SAR 7.5 mln in compnesation for seizing properties.

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.