GIB Capital’s Q2 2026 Earnings Estimates (SAR mln)
Company 
Q2 2026
(projected)
YoY Change
Petrochemicals
Alujain
68
+448%
Sipchem
(395)
—
Kayan
(652)
—
Energy
Arabian Drilling
(68)
—
ADES Holding
116
(38%)
Materials
Luberef
1,016
+314%
AMAK
73
(0.1%)
Utilities
Miahona
3
(59%)
Banks
SNB
6,088
(1%)
Tadawul Group
63
(35%)
Retail
Jarir
214
+9%
SASCO*
4
(87%)
Food
Tanmiah
8
—
Entaj
17
(8%)
First Mills
62
+21%
Modern Mills
58
+17%
Arabian Mills
63
+18%
Consumer Services
Americana
236
+5%
Alamar*
16
+5%
Leejam*
61
(17%)
Sport Clubs
12
+74%
Seera
54
+1,642%
Capital Goods
Riyadh Cables
265
(5%)
Astra
151
(14%)
GAS
36
(7%)
Transport
Theeb
38
(21%)
Budget Saudi
63
(26%)
Lumi
36
(34%)
Cherry
16
(4%)
flynas
(270)
—
SAL
174
+7%
Software Services
Elm
626
+6%
Azm*
13
+7%
Healthcare
Sulaiman Al Habib
625
+6%
Mouwasat
193
+3%
Al Hammadi
60
(3%)
Jamjoom Pharma
135
+2%
Avalon Pharma
28
+13%
Real Estate Management Development
Al Akaria
13
(86%)
Cenomi Centers*
80
(83%)
Retal*
44
(33%)
Masar
288
+22%
Commercial Professional Services
Al Mawarid
49
+51%
SMASCO
47
+59%
*Alamar: The quarter includes the impact of the acquisition of the Five Guys franchise.
*Leejam: The second quarter of 2025 included gains from the reversal of non-recurring items amounting to SAR 4.6 mln, and a loss on an investment in an associate company.
*Azm: The fourth quarter ended in June 2026.
*Cenomi Centers: Net profit adjusted for fair value gains/losses and non-recurring items.
*Retal: The second quarter of 2025 included non-recurring gains amounting to SAR 40.6 mln.
GIB Capital’s Q2 2026 Earnings Estimates (SAR mln)
Company
Q2 2026
(projected)
YoY Change
Petrochemicals
Alujain
68
+448%
Sipchem
(395)
—
Kayan
(652)
—
Energy
Arabian Drilling
(68)
—
ADES Holding
116
(38%)
Materials
Luberef
1,016
+314%
AMAK
73
(0.1%)
Utilities
Miahona
3
(59%)
Banks
SNB
6,088
(1%)
Tadawul Group
63
(35%)
Retail
Jarir
214
+9%
SASCO*
4
(87%)
Food
Tanmiah
8
—
Entaj
17
(8%)
First Mills
62
+21%
Modern Mills
58
+17%
Arabian Mills
63
+18%
Consumer Services
Americana
236
+5%
Alamar*
16
+5%
Leejam*
61
(17%)
Sport Clubs
12
+74%
Seera
54
+1,642%
Capital Goods
Riyadh Cables
265
(5%)
Astra
151
(14%)
GAS
36
(7%)
Transport
Theeb
38
(21%)
Budget Saudi
63
(26%)
Lumi
36
(34%)
Cherry
16
(4%)
flynas
(270)
—
SAL
174
+7%
Software Services
Elm
626
+6%
Azm*
13
+7%
Healthcare
Sulaiman Al Habib
625
+6%
Mouwasat
193
+3%
Al Hammadi
60
(3%)
Jamjoom Pharma
135
+2%
Avalon Pharma
28
+13%
Real Estate Management Development
Al Akaria
13
(86%)
Cenomi Centers*
80
(83%)
Retal*
44
(33%)
Masar
288
+22%
Commercial Professional Services
Al Mawarid
49
+51%
SMASCO
47
+59%
*Alamar: The quarter includes the impact of the acquisition of the Five Guys franchise.
*Leejam: The second quarter of 2025 included gains from the reversal of non-recurring items amounting to SAR 4.6 mln, and a loss on an investment in an associate company.
*Azm: The fourth quarter ended in June 2026.
*Cenomi Centers: Net profit adjusted for fair value gains/losses and non-recurring items.
*Retal: The second quarter of 2025 included non-recurring gains amounting to SAR 40.6 mln.
