‎SNB Capital sets Q3 2024 earnings estimates

‎SNB Capital sets Q3 2024 earnings estimates ‎SNB Capital sets Q3 2024 earnings estimates

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Tadawul trading screen

SNB Capital issued Q3 2024 earnings forecasts forTadawul-listed banks and firms under its coverage, including Saudi Basic Industries Corp. (SABIC),Al Rajhi Bankand Saudi Electricity Co. (SEC).

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Below is the list of SNB Capital’s third-quarter estimates for banks and firms under its coverage:

SNB Capital’s Forecasts for Q3 2024 Earnings (SAR mln)

Company

Q3 2024 (Projected)

YoY Change

Petrochemicals Energy

SABIC

1623

SIIG

61.3

(72%)

Yansab

199

Advanced

42.2

(7%)

Tasnee

55.7

(29%)

Sipchem

125

(46%)

SABIC AN

845

(19%)

Saudi Kayan

(342)

Arabian Drilling

79.6

(43%)

Luberef

244

(28%)

ADES

195

+ 133 %

Banks

Al Rajhi Bank

4820

+ 16 %

Alinma Bank

1494

+ 13 %

BSF

1202

(3%)

Bank Albilad

679

+ 10 %

Bank AlJazira

315

+ 14 %

Riyad Bank

2146

+ 3 %

SAB

2089

+ 14 %

Telecommunications

stc

3588

(27%)

Mobily

687

+ 31 %

Zain KSA

72.6

(74%)

solutions

411

+ 6 %

Healthcare

Saudi German Health

49.5

(7%)

Mouwasat

155

(1%)

Al Hammadi

58.7

(22%)

Sulaiman Al Habib

578

+ 6 %

Dallah Healthcare

128

+ 29 %

Tourism

SGS

88.2

+ 47 %

CATRION

93.6

+ 1 %

Seera

53.1

+ 121 %

Retail

Leejam Sports

110.0

+19%

eXtra

121.0

+2%

Shaker

19.0

+13 %

Jarir

306.0

+3 %

BinDawood Holding

38.8

+11 %

Al Othaim

64.2

+3 %

Nahdi

204.0

(4%)

Americana*

57.1

(30%)

Aldawaa

82.1

+15 %

Cement

Arabian Cement

41.3

+39%

Yamama Cement

106.0

+160%

Eastern Cement

65.7

+61%

Qassim Cement

109.0

Southern Cement

48.6

(9%)

Saudi Cement

90.6

+33%

Yanbu Cement

30.5

+96%

Riyadh Cement

81.8

Real Estate

Dar Al Arkan

191.0

+26%

Taiba

91.5

+ 70 %

Food Beverages

Savola

154.0

+ 5 %

First Mills

61.2

+ 13 %

Modern Mills

49.7

+ 10 %

Car Rental

Lumi

35.1

+ 0.3 %

Budget Saudi

91.6

+ 28 %

Theeb

47.1

+ 37 %

SAL

167.0

+ 44 %

Fuel Stations

Aldrees

87.5

+ 30 %

SASCO

14.1

+ 9 %

Others

SEC**

5689

(3%)

Tadawul Group

164

+ 60 %

Saudi Steel Pipe

48.7

+ 95 %

Avalon

8.72

+ 204 %

MBC

80.8

*Americana profit in US dollar

**Net profit before Mudarabah gains

 

Tadawul trading screen

SNB Capital issued Q3 2024 earnings forecasts forTadawul-listed banks and firms under its coverage, including Saudi Basic Industries Corp. (SABIC),Al Rajhi Bankand Saudi Electricity Co. (SEC).

Below is the list of SNB Capital’s third-quarter estimates for banks and firms under its coverage:

SNB Capital’s Forecasts for Q3 2024 Earnings (SAR mln)

Company

Q3 2024 (Projected)

YoY Change

Petrochemicals Energy

SABIC

1623

SIIG

61.3

(72%)

Yansab

199

Advanced

42.2

(7%)

Tasnee

55.7

(29%)

Sipchem

125

(46%)

SABIC AN

845

(19%)

Saudi Kayan

(342)

Arabian Drilling

79.6

(43%)

Luberef

244

(28%)

ADES

195

+ 133 %

Banks

Al Rajhi Bank

4820

+ 16 %

Alinma Bank

1494

+ 13 %

BSF

1202

(3%)

Bank Albilad

679

+ 10 %

Bank AlJazira

315

+ 14 %

Riyad Bank

2146

+ 3 %

SAB

2089

+ 14 %

Telecommunications

stc

3588

(27%)

Mobily

687

+ 31 %

Zain KSA

72.6

(74%)

solutions

411

+ 6 %

Healthcare

Saudi German Health

49.5

(7%)

Mouwasat

155

(1%)

Al Hammadi

58.7

(22%)

Sulaiman Al Habib

578

+ 6 %

Dallah Healthcare

128

+ 29 %

Tourism

SGS

88.2

+ 47 %

CATRION

93.6

+ 1 %

Seera

53.1

+ 121 %

Retail

Leejam Sports

110.0

+19%

eXtra

121.0

+2%

Shaker

19.0

+13 %

Jarir

306.0

+3 %

BinDawood Holding

38.8

+11 %

Al Othaim

64.2

+3 %

Nahdi

204.0

(4%)

Americana*

57.1

(30%)

Aldawaa

82.1

+15 %

Cement

Arabian Cement

41.3

+39%

Yamama Cement

106.0

+160%

Eastern Cement

65.7

+61%

Qassim Cement

109.0

Southern Cement

48.6

(9%)

Saudi Cement

90.6

+33%

Yanbu Cement

30.5

+96%

Riyadh Cement

81.8

Real Estate

Dar Al Arkan

191.0

+26%

Taiba

91.5

+ 70 %

Food Beverages

Savola

154.0

+ 5 %

First Mills

61.2

+ 13 %

Modern Mills

49.7

+ 10 %

Car Rental

Lumi

35.1

+ 0.3 %

Budget Saudi

91.6

+ 28 %

Theeb

47.1

+ 37 %

SAL

167.0

+ 44 %

Fuel Stations

Aldrees

87.5

+ 30 %

SASCO

14.1

+ 9 %

Others

SEC**

5689

(3%)

Tadawul Group

164

+ 60 %

Saudi Steel Pipe

48.7

+ 95 %

Avalon

8.72

+ 204 %

MBC

80.8

*Americana profit in US dollar

**Net profit before Mudarabah gains

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