Riyad Capital issued Q3 2024 earnings forecasts for several banks and companies under coverage.
The following table shows Riyad Capital’s earnings forecasts for banks and firms in Q3 2024:
Riyad Capital Q3 2024 Profit Estimates (SAR mln)
Company
Q3 2024 (Projected)
Change (YoY)
Petrochemicals
SABIC
1699
—
SABIC Agri-Nutrients
838
(20%)
Tasnee
67
(14%)
Yansab
154
(196%)
Sipchem
169
(27%)
Advanced
47
+4%
Saudi Kayan
(221)
—
SIIG
65
(71%)
Banks
BSF
1139
(9%)
SAB
2007
+10%
ANB
1214
+15%
Al Rajhi Bank
4851
+17%
Bank Albilad
681
+11%
Alinma Bank
1446
+9%
SNB
5028
+0.4%
Telecommunications
stc
3615
(26%)
Mobily
658
+26%
Zain KSA
73
(74%)
Software and Services
solutions
390
+1%
Elm
409
+22%
Health Care Equipment and Services
Sulaiman Al Habib
601
+10%
Mouwasat
162
+4%
Cement
Yamama Cement
101
+146%
Saudi Cement
99
+46%
Qassim Cement*
91
—
Southern Cement
41
(23%)
Yanbu Cement
41
+156%
Riyadh Cement
83
—
Other Sectors
Jarir
317
+7%
Saudi Electricity*
5946
+2%
BinDawood Holding
70
+100%
MARAFIQ
78
(59%)
Riyadh Cables
181
+36%
Maaden
1100
—
Nahdi
201
(6%)
Aldawaa
83
+17%
**Net profit before deducting Mudaraba coupon.
Riyad Capital issued Q3 2024 earnings forecasts for several banks and companies under coverage.
The following table shows Riyad Capital’s earnings forecasts for banks and firms in Q3 2024:
Riyad Capital Q3 2024 Profit Estimates (SAR mln)
Company
Q3 2024 (Projected)
Change (YoY)
Petrochemicals
SABIC
1699
—
SABIC Agri-Nutrients
838
(20%)
Tasnee
67
(14%)
Yansab
154
(196%)
Sipchem
169
(27%)
Advanced
47
+4%
Saudi Kayan
(221)
—
SIIG
65
(71%)
Banks
BSF
1139
(9%)
SAB
2007
+10%
ANB
1214
+15%
Al Rajhi Bank
4851
+17%
Bank Albilad
681
+11%
Alinma Bank
1446
+9%
SNB
5028
+0.4%
Telecommunications
stc
3615
(26%)
Mobily
658
+26%
Zain KSA
73
(74%)
Software and Services
solutions
390
+1%
Elm
409
+22%
Health Care Equipment and Services
Sulaiman Al Habib
601
+10%
Mouwasat
162
+4%
Cement
Yamama Cement
101
+146%
Saudi Cement
99
+46%
Qassim Cement*
91
—
Southern Cement
41
(23%)
Yanbu Cement
41
+156%
Riyadh Cement
83
—
Other Sectors
Jarir
317
+7%
Saudi Electricity*
5946
+2%
BinDawood Holding
70
+100%
MARAFIQ
78
(59%)
Riyadh Cables
181
+36%
Maaden
1100
—
Nahdi
201
(6%)
Aldawaa
83
+17%
**Net profit before deducting Mudaraba coupon.
