Tadawul trading screen
SNB Capital issued Q4 2024 earnings forecasts for Tadawul-listed banks and firms under its coverage, including Saudi Basic Industries Corp. (SABIC), Al Rajhi Bank and Saudi Electricity Co. (SEC).
SABIC is expected to post earnings of SAR 699 million in Q4 2024. In the banking sector, Al Rajhi Bank is likely to record a 28% annual profit increase to SAR 5.33 billion for the same quarter.
Below is the list of SNB Capital’s fourth-quarter estimates for banks and firms under its coverage:
|
SNB Capital's Forecasts for Q4 2024 Earnings (SAR mln) |
|||
|
Company |
Q4 2024 (Projected) |
YoY Change |
|
|
Petrochemicals & Energy |
|||
|
SABIC |
699 |
-- |
|
|
SIIG |
88.4 |
+686% |
|
|
Yansab |
100.0 |
+442% |
|
|
Advanced |
18.0 |
(22%) |
|
|
Tasnee |
63.4 |
-- |
|
|
Sipchem |
79.0 |
(50%) |
|
|
SABIC AN |
931 |
(5%) |
|
|
Saudi Kayan |
(365) |
-- |
|
|
Arabian Drilling |
90.4 |
(51%) |
|
|
Luberef |
230 |
(14%) |
|
|
ADES |
180 |
+8% |
|
|
Banks |
|||
|
Al Rajhi Bank |
5325 |
+28% |
|
|
Alinma Bank |
1595 |
+21% |
|
|
BSF |
1129 |
+36% |
|
|
Bank Albilad |
738 |
+22% |
|
|
Bank AlJazira |
330 |
+18% |
|
|
Riyad Bank |
2501 |
+28% |
|
|
SAB |
2079 |
+12% |
|
|
Telecommunications |
|||
|
stc* |
3907 |
+72% |
|
|
Mobily |
694 |
(7%) |
|
|
Zain KSA |
100 |
-- |
|
|
solutions |
327 |
+102% |
|
|
Healthcare |
|||
|
Saudi German Health |
65 |
+78% |
|
|
Mouwasat |
192 |
+4% |
|
|
Al Hammadi |
74.5 |
+14% |
|
|
Sulaiman Al Habib |
611 |
+16% |
|
|
Dallah |
141 |
+24% |
|
|
Fakeeh Care |
100 |
+35% |
|
|
Tourism |
|||
|
SGS |
71.3 |
+16% |
|
|
CATRION |
91.8 |
+32% |
|
|
Seera |
40 |
(63%) |
|
|
Retail |
|||
|
Leejam Sports |
138 |
+7% |
|
|
Shaker |
4.6 |
+15% |
|
|
Jarir |
269 |
(2%) |
|
|
BinDawood Holding |
74 |
(39%) |
|
|
Al Othaim** |
306 |
+81% |
|
|
Nahdi |
167 |
(2%) |
|
|
Americana*** |
40.1 |
+22% |
|
|
Aldawaa |
96.1 |
+ 4% |
|
|
Cement |
|||
|
Arabian Cement |
47.7 |
+46% |
|
|
Yamama Cement |
109 |
+107% |
|
|
Eastern Cement |
61.9 |
+24% |
|
|
Qassim Cement |
65.4 |
+60% |
|
|
Southern Cement |
44.1 |
(41%) |
|
|
Saudi Cement |
125 |
+20% |
|
|
Yanbu Cement |
42 |
+132% |
|
|
Riyadh Cement |
75.8 |
+75% |
|
|
Real Estate |
|||
|
Dar Al Arkan |
155 |
(20%) |
|
|
Taiba |
76.2 |
-- |
|
|
Food & Beverages |
|||
|
Savola*** |
9651 |
-- |
|
|
Almarai |
450 |
+21% |
|
|
First Mills |
63.4 |
+10% |
|
|
Modern Mills |
53.9 |
+5% |
|
|
Car Rental |
|||
|
Lumi |
48.9 |
+91% |
|
|
Budget Saudi |
81.8 |
+24% |
|
|
Theeb |
46.9 |
+32% |
|
|
SAL |
174 |
(4%) |
|
|
Fuel Stations |
|||
|
Aldrees |
87.2 |
+20% |
|
|
SASCO |
11.7 |
(82%) |
|
|
|
Workforce Solutions |
|
|
|
SMASCO |
33.7 |
(24%) |
|
|
Al Mawarid |
26.6 |
+25% |
|
|
Maharah |
40.6 |
+388% |
|
|
Others |
|||
|
SEC |
2645 |
-- |
|
|
Tadawul Group |
121 |
+32% |
|
|
Saudi Steel Pipe |
63.5 |
+11% |
|
|
Jamjoom Pharma |
49.8 |
+12% |
|
|
Avalon |
49.1 |
+8% |
|
|
MBC |
201 |
-- |
|
|
Riyadh Cables |
247 |
+84% |
|
*Excludes profit or loss from TAWAL’s sale.
**Al Othaim’s net income includes a SAR 160 million capital gain from Fourth Mills' IPO.
***Americana’s profits are reported in USD.
****Savola’s net income includes gains from Almarai stake sale and Iran exit.
*****SEC’s net income is pre-Sukuk dividend distribution.
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