Osool Bakheet Investment Co. issued its earnings forecasts for 46 Tadawul-listed banks and companies for the third quarter of 2024.
Saudi Basic Industries Corporation (SABIC) is expected to post earnings of SAR 1.26 billion in Q3 2024. In the banking sector, Al Rajhi Bank isrecorda 19% annual profit increase to SAR 4.9 billion for the same quarter.
Q3 2024 Earnings Forecast (SAR mln)
Company
Q3 2024 Forecasts
YoYChange
Banks
Al Rajhi Bank
4938.16
+19%
SNB
5296.04
+6%
Bank AlJazira
288.89
+5%
BSF
1290.21
+4%
SAB
1923.64
+5%
Bank Albilad
742.52
+21%
Alinma Bank
1513.67
+14%
SAIB
441.13
(4%)
ANB
1264.38
+18%
Riyad Bank
2277.12
+ 9%
Basic Materials
City Cement
28.14
+537%
Umm Al-Qura Cement
9.03
+523%
Saudi Cement
86.23
+26%
Qassim Cement
81.31
+910%
Southern Cement
39.27
(26%)
Yanbu Cement
34.78
+124%
Eastern Cement
69.17
+69%
Yamama Cement
76.12
+87%
SABIC
1267.04
—
SaudiKayan
(438.09)
—
Sipchem
94.81
(59%)
SABIC AN
904.64
(14%)
Advanced
58.82
+30%
Alujain
19.34
+21%
Healthcare
Mouwasat
175.64
+12%
Al Hammadi
73.87
(1%)
Sulaiman Al Habib
591.26
+9%
Care
62.91
(14%)
Dallah
121.33
+23%
Saudi German Health
52.14
(2%)
Telecoms
stc
3605.40
(26%)
Mobily
653.69
+25%
Insurance
Al Rajhi Takaful
91.37
+12%
Tawuniya
240.27
+16%
Bupa Arabia
346.48
+26%
Others
Avalon Pharma
6.52
+127%
Astra
118.11
+14%
Jamjoom Pharma
101.16
+31%
Nahdi Medical
221.76
+4%
Aldawaa
100.69
+41%
Jarir
332.27
+12%
Al Othaim
75.16
+20%
Budget Saudi
85.47
+20%
Theeb
51.93
+51%
Lumi
46.79
+34%
Herfy
8.35
(24%)
Osool Bakheet Investment Co. issued its earnings forecasts for 46 Tadawul-listed banks and companies for the third quarter of 2024.
Saudi Basic Industries Corporation (SABIC) is expected to post earnings of SAR 1.26 billion in Q3 2024. In the banking sector, Al Rajhi Bank isrecorda 19% annual profit increase to SAR 4.9 billion for the same quarter.
Q3 2024 Earnings Forecast (SAR mln)
Company
Q3 2024 Forecasts
YoYChange
Banks
Al Rajhi Bank
4938.16
+19%
SNB
5296.04
+6%
Bank AlJazira
288.89
+5%
BSF
1290.21
+4%
SAB
1923.64
+5%
Bank Albilad
742.52
+21%
Alinma Bank
1513.67
+14%
SAIB
441.13
(4%)
ANB
1264.38
+18%
Riyad Bank
2277.12
+ 9%
Basic Materials
City Cement
28.14
+537%
Umm Al-Qura Cement
9.03
+523%
Saudi Cement
86.23
+26%
Qassim Cement
81.31
+910%
Southern Cement
39.27
(26%)
Yanbu Cement
34.78
+124%
Eastern Cement
69.17
+69%
Yamama Cement
76.12
+87%
SABIC
1267.04
—
SaudiKayan
(438.09)
—
Sipchem
94.81
(59%)
SABIC AN
904.64
(14%)
Advanced
58.82
+30%
Alujain
19.34
+21%
Healthcare
Mouwasat
175.64
+12%
Al Hammadi
73.87
(1%)
Sulaiman Al Habib
591.26
+9%
Care
62.91
(14%)
Dallah
121.33
+23%
Saudi German Health
52.14
(2%)
Telecoms
stc
3605.40
(26%)
Mobily
653.69
+25%
Insurance
Al Rajhi Takaful
91.37
+12%
Tawuniya
240.27
+16%
Bupa Arabia
346.48
+26%
Others
Avalon Pharma
6.52
+127%
Astra
118.11
+14%
Jamjoom Pharma
101.16
+31%
Nahdi Medical
221.76
+4%
Aldawaa
100.69
+41%
Jarir
332.27
+12%
Al Othaim
75.16
+20%
Budget Saudi
85.47
+20%
Theeb
51.93
+51%
Lumi
46.79
+34%
Herfy
8.35
(24%)
