GIB Capital issued its Q1 2025 estimates for several Saudi companies and banks under its coverage.
Q1 2025 Earnings Forecasts (SAR mln)
Company
Q1 2025 Estimates
Change (YoY)
Petrochemicals
Alujain
(7)
—
Sipchem
45
(75%)
Saudi Kayan
(481)
—
Energy
Arabian Drilling
92
(37%)
ADES*
187
(5%)
Materials
Luberef
205
(14%)
AMAK
43
184%+
Public Utilities
MARAFIQ
(11)
—
Miahona
33
68%+
Banks Financial Services
SNB**
5416
7%+
Tadawul Group
115
(43%)
Retail
Jarir
221
1%+
SASCO
8
(20%)
Food
Tanmiah
18
(14%)
Entaj
12
(45%)
First Mills
80
3%+
Modern Mills
66
2%+
Arabian Mills
57
3%+
Consumer Services
Americana
45
(57%)
Alamar*
9
—
Leejam
70
(26%)
Transportation
Theeb
46
14%+
Budget Saudi
83
18%+
Lumi
52
16%+
SAL
153
(27%)
Other Sectors
Riyadh Cables*
246
45%+
Astra
182
22%+
Elm
400
16%+
Al Akaria
178
—
Cenomi Centers
290
63%+
Retal
100
61%+
Al Mawarid
27
2%+
SMASCO
30
(22%)
Jamjoom Pharma
143
39%+
Avalon Pharma
16
71%+
Nomu-Parallel Market
GAS
28
—
Azm****
8
—
** Total operating profit
****For Q3 FY 2025 before minority interest
GIB Capital issued its Q1 2025 estimates for several Saudi companies and banks under its coverage.
Q1 2025 Earnings Forecasts (SAR mln)
Company
Q1 2025 Estimates
Change (YoY)
Petrochemicals
Alujain
(7)
—
Sipchem
45
(75%)
Saudi Kayan
(481)
—
Energy
Arabian Drilling
92
(37%)
ADES*
187
(5%)
Materials
Luberef
205
(14%)
AMAK
43
184%+
Public Utilities
MARAFIQ
(11)
—
Miahona
33
68%+
Banks Financial Services
SNB**
5416
7%+
Tadawul Group
115
(43%)
Retail
Jarir
221
1%+
SASCO
8
(20%)
Food
Tanmiah
18
(14%)
Entaj
12
(45%)
First Mills
80
3%+
Modern Mills
66
2%+
Arabian Mills
57
3%+
Consumer Services
Americana
45
(57%)
Alamar*
9
—
Leejam
70
(26%)
Transportation
Theeb
46
14%+
Budget Saudi
83
18%+
Lumi
52
16%+
SAL
153
(27%)
Other Sectors
Riyadh Cables*
246
45%+
Astra
182
22%+
Elm
400
16%+
Al Akaria
178
—
Cenomi Centers
290
63%+
Retal
100
61%+
Al Mawarid
27
2%+
SMASCO
30
(22%)
Jamjoom Pharma
143
39%+
Avalon Pharma
16
71%+
Nomu-Parallel Market
GAS
28
—
Azm****
8
—
** Total operating profit
****For Q3 FY 2025 before minority interest
