Osool & Bakheet previews Q3 2024 earnings estimates

08/10/2024 Argaam Special


Osool & Bakheet Investment Co. issued its earnings forecasts for 46 Tadawul-listed banks and companies for the third quarter of 2024.

 

Saudi Basic Industries Corporation (SABIC) is expected to post earnings of SAR 1.26 billion in Q3 2024. In the banking sector, Al Rajhi Bank is record a 19% annual profit increase to SAR 4.9 billion for the same quarter.

 

Q3 2024 Earnings Forecast (SAR mln)​

Company

Q3 2024 Forecasts

YoY Change

Banks

Al Rajhi Bank

4938.16

+19%

SNB

5296.04

+6%

Bank AlJazira

288.89

+5%

BSF

1290.21

+4%

SAB

1923.64

+5%

Bank Albilad

742.52

+21%

Alinma Bank

1513.67

+14%

SAIB

441.13

(4%)

ANB

1264.38

+18%

Riyad Bank

2277.12

+ 9%

Basic Materials

City Cement

28.14

+537%

Umm Al-Qura Cement

9.03

+523%

Saudi Cement

86.23

+26%

Qassim Cement

81.31

+910%

Southern Cement

39.27

(26%)

Yanbu Cement

34.78

+124%

Eastern Cement

69.17

+69%

Yamama Cement

76.12

+87%

SABIC

1267.04

--

Saudi Kayan

(438.09)

--

Sipchem

94.81

(59%)

SABIC AN

904.64

(14%)

Advanced

58.82

+30%

Alujain

19.34

+21%

Healthcare

Mouwasat

175.64

+12%

Al Hammadi

73.87

(1%)

Sulaiman Al Habib

591.26

+9%

Care

62.91

(14%)

Dallah

121.33

+23%

Saudi German Health

52.14

(2%)

Telecoms

stc

3605.40

(26%)

Mobily

653.69

+25%

Insurance

Al Rajhi Takaful

91.37

+12%

Tawuniya

240.27

+16%

Bupa Arabia

346.48

+26%

Others

Avalon Pharma

6.52

+127%

Astra

118.11

+14%

Jamjoom Pharma

101.16

+31%

Nahdi Medical

221.76

+4%

Aldawaa

100.69

+41%

Jarir

332.27

+12%

Al Othaim

75.16

+20%

Budget Saudi

85.47

+20%

Theeb

51.93

+51%

Lumi

46.79

+34%

Herfy

8.35

(24%)

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