The following table shows GIB Capital’s third-quarter estimates for Saudi-listed companies under its coverage:
GIB Capital’s Q3 2024 Earnings Estimates (SAR mln)
Company
Q32024 (Projected)
YoYChange
Petrochemicals
Advanced
38
(16%)
Alujain
29
(23%)
Sipchem
160
(31%)
Saudi Kayan
(210)
—
Energy
Arabian Drilling
83
(41%)
ADES Holding*
195
+133%
Basic Materials
Luberef
262
(23%)
AMAK
45
+769%
Public Utilities
MARAFIQ
85
(55%)
Miahona
9
(52%)
Banks
SNB**
5132
+2%
Tadawul Group
155
+52%
Retail
Jarir
311
+5%
SASCO
15
+16%
Food
Tanmiah
23
+34%
First Mills
61
+13%
Modern Mills
51
+12%
Consumer Services
Americana****
56
(33%)
Alamar
16
(20%)
Leejam
114
+24%
Transportation
Theeb
48
+40%
Budget Saudi***
90
+26%
Lumi
37
+6%
SAL
167
+44%
Other Sectors
Riyadh Cables*
178
+34%
Astra
120
+16%
Elm
427
+28%
Al Akaria
62
—
Retal
36
+8%
Al Mawarid
25
+9%
SMASCO
34
(23%)
Al Arabia
51
(19%)
Jamjoom Pharma
102
+32%
Avalon Pharma
18
—
*Profit before minority interest.
**Total operating income.
***Q3 reflects the impact of the acquisition of Auto World.
**** Results are in U.S. dollars.
The following table shows GIB Capital’s third-quarter estimates for Saudi-listed companies under its coverage:
GIB Capital’s Q3 2024 Earnings Estimates (SAR mln)
Company
Q32024 (Projected)
YoYChange
Petrochemicals
Advanced
38
(16%)
Alujain
29
(23%)
Sipchem
160
(31%)
Saudi Kayan
(210)
—
Energy
Arabian Drilling
83
(41%)
ADES Holding*
195
+133%
Basic Materials
Luberef
262
(23%)
AMAK
45
+769%
Public Utilities
MARAFIQ
85
(55%)
Miahona
9
(52%)
Banks
SNB**
5132
+2%
Tadawul Group
155
+52%
Retail
Jarir
311
+5%
SASCO
15
+16%
Food
Tanmiah
23
+34%
First Mills
61
+13%
Modern Mills
51
+12%
Consumer Services
Americana****
56
(33%)
Alamar
16
(20%)
Leejam
114
+24%
Transportation
Theeb
48
+40%
Budget Saudi***
90
+26%
Lumi
37
+6%
SAL
167
+44%
Other Sectors
Riyadh Cables*
178
+34%
Astra
120
+16%
Elm
427
+28%
Al Akaria
62
—
Retal
36
+8%
Al Mawarid
25
+9%
SMASCO
34
(23%)
Al Arabia
51
(19%)
Jamjoom Pharma
102
+32%
Avalon Pharma
18
—
*Profit before minority interest.
**Total operating income.
***Q3 reflects the impact of the acquisition of Auto World.
**** Results are in U.S. dollars.
