Riyad Capital issues Q4 2024 earnings forecasts

08/01/2025 Argaam
*Gains from the TAWAL deal are excluded from stc’s expected net income.


Riyad Capital issued Q4 2024 earnings forecasts for several banks and companies under coverage.

 

The following table shows Riyad Capital’s earnings forecasts for banks and firms in Q4 2024:

 

Riyad Capital Q4 2024 Earnings Estimates (SAR mln)​

Company

Q4 2024

(Projected)

Change (YoY)​

Petrochemicals

SABIC

987

--

SABIC AN

855

(13%)

Tasnee

57

--

Yansab

142

+671%

Sipchem

103

(35%)

Advanced

25

+15%

Saudi Kayan

(305)

--

SIIG

98

+769%

Banks

Al Rajhi Bank

5329

+28%

Bank Albilad

747

+23%

Alinma Bank

1581

+20%

ANB

1259

+34%

BSF

1131

+37%

SAB

2245

+10%

SNB

5388

+9%

Telecommunications

stc*

2999

+32%

Mobily

701

(6%)

Zain KSA

75

(75%)

Software & Services​

solutions

287

+77%

Elm

501

+53%

Healthcare​

Sulaiman Al Habib

603

+15%

Mouwasat

231

+26%

Cement

Yamama Cement

104

+97%

Saudi Cement

127

+23%

Qassim Cement**

68

+89%

Southern Cement

50

(33%)

Yanbu Cement

39

+118%

Riyadh Cement

76

+75%

Other Sectors

Almarai

480

+6%

Jarir

233

(26%)

Budget Saudi

78

+17%

BinDawood Holding

74

(40%)

MC4

45

+27%

Riyadh Cables

223

+61%

Burgerizzr

3.4

(38%)

Alhasoob​

1.7

+438%

Nahdi

157

(8%)

Aldawaa

76

(18%)

ADES

156

(6%)

Arabian Mills

107

(42%)

MARAFIQ

36

(50%)

Saudi Electricity***

(32)

--

Maaden

1137

+28%

*Gains from the TAWAL deal are excluded from stc’s expected net income.

**Includes expected figures for Hail Cement.

***Net income is pre-deduction of speculative instruments.

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