Tadawul trading screen
AlJazira Capital issued Q3 2024 earnings forecasts for a number of Saudi banks and companies under its coverage. 
It expects Al Rajhi Bank to report a net profit of SAR 4.8 billion in the three-month period, an increase of 16% year-on-year (YoY).
Q3 2024 Earnings Forecasts (SAR mln)
Company
Q3 2024 (Projected)
YoY Change
Energy
Saudi Aramco
98249.0
(20%)
Arabian Drilling
104.0
(26%)
ADES
190.0
+126%
Banking
Al Rajhi Bank
4818.0
+16%
Alinma Bank
1446.0
+9%
Bank Albilad
678.0
+10%
Telecoms
stc
3590.0
(27%)
Mobily
632.0
+21%
Zain
75.0
(74%)
Materials
SABIC
1450.0
—
Tasnee
45.4
(42%)
Yansab
177.5
—
SABIC AN
874.4
(17%)
Sipchem*
174.9
(25%)
Advanced
29.5
(35%)
Kayan
(248.1)
—
Alujain*
14.4
(10%)
Maaden
1070.7
—
Cement
Yamama Cement
97.5
+139%
Saudi Cement
80.7
+18%
Southern Cement
44.9
(16%)
Qassim Cement
103.0
—
Arabian Cement
30.3
+2%
30.0
+93%
City Cement
36.1
—
Eastern Cement
60.9
+49%
Riyadh Cement
87.3
—
Healthcare
Al Hammadi
63.4
(15%)
Mouwasat
163.8
+5%
Care
69.7
(5%)
Dallah
125.9
+27%
Sulaiman Al Habib
577.8
+6%
Saudi German Health
52.7
(1%)
Fakeeh Care
62.3
(22%)
Consumer Staples Retailing
Al Othaim
71.4
+14%
BinDawood Holding
38.7
+11%
Almunajem
72.7
+19%
Retailing
Jarir
306.9
+4%
SACO
(4.2)
—
eXtra
121.6
+ 3%
Americana
236.8
(23%)
Consumer Services
Seera
42.2
+76%
Leejam Sports
112.4
+22%
Other Sectors
Modern Mills
50.5
+11%
Budget Saudi
89.0
+24%
Theeb
44.6
+30%
Lumi
37.9
+8%
SAL
159.9
+38%
SGS
81.3
+36%
CATRION
81.6
(12%)
Al Mawarid
26.6
+16%
Elm
454.5
+36%
solutions
400.8
+4%
2P**
49.2
+47%
Alkhorayef Water
91.4
+118%
Al Arabia
65.0
+3%
Riyadh Cables
169.2
+27%
*Includes SAR 12.6 mln in non-cash loss from amortization
** Includes SAR 7.5 mln in compnesation for seizing properties.
Tadawul trading screen
AlJazira Capital issued Q3 2024 earnings forecasts for a number of Saudi banks and companies under its coverage.
It expects Al Rajhi Bank to report a net profit of SAR 4.8 billion in the three-month period, an increase of 16% year-on-year (YoY).
Q3 2024 Earnings Forecasts (SAR mln)
Company
Q3 2024 (Projected)
YoY Change
Energy
Saudi Aramco
98249.0
(20%)
Arabian Drilling
104.0
(26%)
ADES
190.0
+126%
Banking
Al Rajhi Bank
4818.0
+16%
Alinma Bank
1446.0
+9%
Bank Albilad
678.0
+10%
Telecoms
stc
3590.0
(27%)
Mobily
632.0
+21%
Zain
75.0
(74%)
Materials
SABIC
1450.0
—
Tasnee
45.4
(42%)
Yansab
177.5
—
SABIC AN
874.4
(17%)
Sipchem*
174.9
(25%)
Advanced
29.5
(35%)
Kayan
(248.1)
—
Alujain*
14.4
(10%)
Maaden
1070.7
—
Cement
Yamama Cement
97.5
+139%
Saudi Cement
80.7
+18%
Southern Cement
44.9
(16%)
Qassim Cement
103.0
—
Arabian Cement
30.3
+2%
30.0
+93%
City Cement
36.1
—
Eastern Cement
60.9
+49%
Riyadh Cement
87.3
—
Healthcare
Al Hammadi
63.4
(15%)
Mouwasat
163.8
+5%
Care
69.7
(5%)
Dallah
125.9
+27%
Sulaiman Al Habib
577.8
+6%
Saudi German Health
52.7
(1%)
Fakeeh Care
62.3
(22%)
Consumer Staples Retailing
Al Othaim
71.4
+14%
BinDawood Holding
38.7
+11%
Almunajem
72.7
+19%
Retailing
Jarir
306.9
+4%
SACO
(4.2)
—
eXtra
121.6
+ 3%
Americana
236.8
(23%)
Consumer Services
Seera
42.2
+76%
Leejam Sports
112.4
+22%
Other Sectors
Modern Mills
50.5
+11%
Budget Saudi
89.0
+24%
Theeb
44.6
+30%
Lumi
37.9
+8%
SAL
159.9
+38%
SGS
81.3
+36%
CATRION
81.6
(12%)
Al Mawarid
26.6
+16%
Elm
454.5
+36%
solutions
400.8
+4%
2P**
49.2
+47%
Alkhorayef Water
91.4
+118%
Al Arabia
65.0
+3%
Riyadh Cables
169.2
+27%
*Includes SAR 12.6 mln in non-cash loss from amortization
** Includes SAR 7.5 mln in compnesation for seizing properties.
