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 and Services
solutions
287
+77%
Elm
501
+53%
Health Care Equipment and Services
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%)
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.
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 and Services
solutions
287
+77%
Elm
501
+53%
Health Care Equipment and Services
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%)
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.
