Ubhar Capital’s Q3 earnings forecasts for Saudi firms

17/10/2024 Argaam
Tadawul trading screen

Tadawul trading screen


Ubhar Capital released its Q3 2024 earnings forecasts for the Saudi companies under its coverage.

Al Rajhi Bank is projected to post a 9% rise in net earnings to SAR 4.51 billion. Saudi Basic Industries Corp. (SABIC) is projected to earn SAR 1.74 billion in the three-month period.
 

Ubhar Capital's Q3 2024 Earnings Forecasts (SAR mln)

Company

Q3 2024

Change YoY

Banking

SNB

5335.2

+6%

Al Rajhi Bank

4508.6

+9%

SAB

1962.2

+7%

Basic Materials​

SABIC

1743.9

--

Sipchem

121.2

(48%)

Tasnee

51.4

(34%)

Advanced

49.5

+10%

Yansab

206.0

--

SIIG

83.4

(62%)

SABIC Agri-Nutrients

735.2

(30%)

Maaden

1073.2

--

Cement

Yamama Cement

101.0

+148%

Saudi Cement

88.9

+30%

City Cement

30.7

--

Qassim Cement

94.8

--

Telecommunications

stc

2968.1

(39%)

Mobily

625.7

+19%

Insurance

Bupa Arabia

328.2

+19%

Tawuniya

175.3

(15%)

Healthcare

Sulaiman Al Habib

565.4

+4%

Mouwasat

169.6

+8%

Dallah Healthcare

116.9

+18%

Al Hammadi

70.9

(5%)

IT

solutions

452.9

+17%

MIS

27.7

--

Food and Staples Retailing

SADAFCO

137.5

+20%

BinDawood Holding

37.5

+7%

Al Othaim

65.5

+5%

Cenomi Centers

259.8

(9%)

Leejam Sports

108.9

+18%

Other Sectors

Ataa Educational*

22.4

--

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