AlJazira Capital issued Q4 2024 earnings forecasts for a number of Saudi banks and companies under its coverage.
Al Rajhi Bank’s net profit is expected to rise by 25% year-on-year (YoY) to SAR 5.2 billion in the three-month period.
Meanwhile, Saudi Arabian Oil Co. (Saudi Aramco) is seen to post a profit of SAR 95.4 billion.
Q4 2024 Earnings Forecasts (SAR mln)
Company
Q4 2024
(Projected)
YoY Change
Energy
Saudi Aramco
95407.0
(7%)
Arabian Drilling
91.08
(50%)
ADES
201.8
+21%
Banking
Al Rajhi Bank
5200.3
+25%
Alinma Bank
1643.0
+24%
Bank Albilad
745.8
+23%
Telecoms
stc
3034.0
+33%
Mobily
703.0
(6%)
Zain KSA
51.0
(83%)
Materials
SABIC
783.0
—
Tasnee
77.9
—
Yansab
116.5
+530%
SABIC AN
879.8
(10%)
Sipchem
100.3
(37%)
Advanced
20.2
(12%)
Saudi Kayan
(337.7)
—
Alujain
19.0
—
Maaden
1290.0
+45%
Cement
Yamama Cement
114.2
+116%
Saudi Cement
113.4
+9%
Southern Cement
47.8
(36%)
Qassim Cement
58.2
+42%
Arabian Cement
48.1
+47%
Yanbu Cement
43.2
+139%
City Cement
39.5
+54%
Eastern Cement
67.4
+35%
Riyadh Cement
76.9
+77%
Healthcare
Al Hammadi
74.8
+15%
Mouwasat
235.9
+28%
Care
72.3
+14%
Dallah
131.4
+16%
Sulaiman Al Habib
642.8
+22%
Saudi German Health
63.4
+74%
Fakeeh Care
99.5
+34%
Consumer Staples Retailing
Al Othaim
298.5
+77%
BinDawood Holding
74.7
(37%)
Almunajem
51.8
(37%)
Consumer Discretionary
Jarir
271.9
(1%)
SACO
(13.8)
—
Americana
140.3
+14%
Consumer Services
Seera
52.7
(52%)
Leejam
134.6
+4%
Other Sectors
Almarai
459.1
+24%
Modern Mills
59.0
+15%
Budget Saudi
78.0
+18%
Theeb
46.0
+30%
Lumi
40.0
+56%
SAL
179.4
(1%)
SGS
77.8
+26%
CATRION
85.1
+22%
Al Mawarid
25.7
+21%
Elm
425.9
+30%
solutions
309.0
+91%
2P
44.9
+16%
Alkhorayef Water
84.6
+185%
Riyadh Cables
223.7
+67%
Almajed Oud
45.4
+35%
AlJazira Capital issued Q4 2024 earnings forecasts for a number of Saudi banks and companies under its coverage.
Al Rajhi Bank’s net profit is expected to rise by 25% year-on-year (YoY) to SAR 5.2 billion in the three-month period.
Meanwhile, Saudi Arabian Oil Co. (Saudi Aramco) is seen to post a profit of SAR 95.4 billion.
Q4 2024 Earnings Forecasts (SAR mln)
Company
Q4 2024
(Projected)
YoY Change
Energy
Saudi Aramco
95407.0
(7%)
Arabian Drilling
91.08
(50%)
ADES
201.8
+21%
Banking
Al Rajhi Bank
5200.3
+25%
Alinma Bank
1643.0
+24%
Bank Albilad
745.8
+23%
Telecoms
stc
3034.0
+33%
Mobily
703.0
(6%)
Zain KSA
51.0
(83%)
Materials
SABIC
783.0
—
Tasnee
77.9
—
Yansab
116.5
+530%
SABIC AN
879.8
(10%)
Sipchem
100.3
(37%)
Advanced
20.2
(12%)
Saudi Kayan
(337.7)
—
Alujain
19.0
—
Maaden
1290.0
+45%
Cement
Yamama Cement
114.2
+116%
Saudi Cement
113.4
+9%
Southern Cement
47.8
(36%)
Qassim Cement
58.2
+42%
Arabian Cement
48.1
+47%
Yanbu Cement
43.2
+139%
City Cement
39.5
+54%
Eastern Cement
67.4
+35%
Riyadh Cement
76.9
+77%
Healthcare
Al Hammadi
74.8
+15%
Mouwasat
235.9
+28%
Care
72.3
+14%
Dallah
131.4
+16%
Sulaiman Al Habib
642.8
+22%
Saudi German Health
63.4
+74%
Fakeeh Care
99.5
+34%
Consumer Staples Retailing
Al Othaim
298.5
+77%
BinDawood Holding
74.7
(37%)
Almunajem
51.8
(37%)
Consumer Discretionary
Jarir
271.9
(1%)
SACO
(13.8)
—
Americana
140.3
+14%
Consumer Services
Seera
52.7
(52%)
Leejam
134.6
+4%
Other Sectors
Almarai
459.1
+24%
Modern Mills
59.0
+15%
Budget Saudi
78.0
+18%
Theeb
46.0
+30%
Lumi
40.0
+56%
SAL
179.4
(1%)
SGS
77.8
+26%
CATRION
85.1
+22%
Al Mawarid
25.7
+21%
Elm
425.9
+30%
solutions
309.0
+91%
2P
44.9
+16%
Alkhorayef Water
84.6
+185%
Riyadh Cables
223.7
+67%
Almajed Oud
45.4
+35%
