Value Capital issued its Q3 2026 earnings forecasts for a number of Saudi banks and companies under its coverage.
The forecasts covered 20 companies across various TASI sectors.
Value Capital’s Q3 2026 Earnings Forecasts (SAR mln)
Company
Q3 2026 (Projected)
YoY Change
Banks
Al Rajhi Bank
7230.6
+14%
Alinma Bank
1673.7
+5%
Bank Albilad
830.0
+8%
Bank AlJazira
457.9
+14%
ICT
stc
3780.0
(8%)
Zain KSA
165.0
+8%
Mobily
946.5
+3%
Basic Materials
Yamama Cement
85.0
+137%
Saudi Cement
72.0
+35%
Southern Cement
(8%)
—
Qassim Cement
29.0
(30%)
Applications and IT Services
solutions
475.0
+14%
Elm
575.0
+3%
Healthcare
Al Hammadi
66.2
+28%
Sulaiman Al Habib
688.0
+14%
Capital Goods
Riyadh Cables
328.5
+17%
Astra Industrial
178.0
+6%
Other Sectors
Tadawul Group
64.0
(23%)
ADES Holding
190.0
(12%)
SAL
200.0
+11%
Value Capital issued its Q3 2026 earnings forecasts for a number of Saudi banks and companies under its coverage.
The forecasts covered 20 companies across various TASI sectors.
Value Capital’s Q3 2026 Earnings Forecasts (SAR mln)
Company
Q3 2026 (Projected)
YoY Change
Banks
Al Rajhi Bank
7230.6
+14%
Alinma Bank
1673.7
+5%
Bank Albilad
830.0
+8%
Bank AlJazira
457.9
+14%
ICT
stc
3780.0
(8%)
Zain KSA
165.0
+8%
Mobily
946.5
+3%
Basic Materials
Yamama Cement
85.0
+137%
Saudi Cement
72.0
+35%
Southern Cement
(8%)
—
Qassim Cement
29.0
(30%)
Applications and IT Services
solutions
475.0
+14%
Elm
575.0
+3%
Healthcare
Al Hammadi
66.2
+28%
Sulaiman Al Habib
688.0
+14%
Capital Goods
Riyadh Cables
328.5
+17%
Astra Industrial
178.0
+6%
Other Sectors
Tadawul Group
64.0
(23%)
ADES Holding
190.0
(12%)
SAL
200.0
+11%
