Tadawul trading screen
SNB Capital issued Q1 2025 earnings forecasts forTadawul-listed banks and firms under its coverage, including Saudi Basic Industries Corp. (SABIC),Al Rajhi Bankand Saudi Electricity Co. (SEC). 
SABIC is expected to post earnings of SAR 364 million in Q1 2025. In the banking sector, Al Rajhi Bank is likely to record a 32% annual profit increase to SAR 5.79 billion for the same quarter.
Below is the list of SNB Capital’s fourth-quarter estimates for banks and firms under its coverage:
SNB Capital’s Forecasts for Q1 2025 Earnings (SAR mln)
Company
Q1 2025 (Projected)
YoY Change
Petrochemicals Energy
SABIC
364
+48%
SIIG
20.8
(25%)
Yansab
54.8
(45%)
Tasnee
15.6
—
Sipchem
40.6
(78%)
SABIC AN
1070
+27%
Saudi Kayan
(408)
(29%)
Arabian Drilling
73.9
(50%)
Luberef
211
(12%)
ADES
196
(1%)
Banks
Al Rajhi Bank
5792
+32%
Alinma Bank
1599
+22%
BSF
1198
+4%
Bank Albilad
704
+10%
Bank AlJazira
372
+24%
Riyad Bank
2607
+26%
SAB
2190
+7%
Telecommunications
stc
3788
+15%
Mobily
710
+12%
Zain KSA
145
+117%
solutions
352
(0.4%)
Healthcare
Saudi German Health*
156
+201%
Mouwasat
174
+1%
Al Hammadi
68.8
+8%
Sulaiman Al Habib
591
+7%
Dallah
133
+11%
Fakeeh Care
78.2
+29%
Tourism
SGS
107
+50%
CATRION
82.5
+16%
Seera
46.6
+2%
Retail
Leejam Sports
79.8
(15%)
Shaker
38.1
+18%
Jarir
237
+8%
BinDawood Holding
65.6
+8%
Al Othaim
115
(1%)
Americana**
37.6
+34%
Nahdi
220
(6%)
Aldawaa
108
+14%
Almajed Oud
69.3
+8%
Nice One
32.2
+47%
Cement
Arabian Cement
42.6
(21%)
Yamama Cement
122
+6%
Eastern Cement
69.3
+2%
Qassim Cement
84.4
—
Southern Cement
61.2
(2%)
Saudi Cement
92.2
(19%)
Yanbu Cement
44.7
(23%)
Riyadh Cement
79.4
+13%
Real Estate
Dar Al Arkan
208
+36%
Taiba
128
+16%
Food Beverages
Savola
405
—
Almarai
782
+13%
First Mills
79.6
+3%
Modern Mills
66.3
+2%
Car Rental
Lumi
49.6
+11%
Budget Saudi
84.5
+21%
Theeb
44.7
+10%
SAL
174
(16%)
Fuel Stations
Aldrees
92.9
+20%
SASCO
7.2
(28%)
Workforce Solutions
SMASCO
32.0
(16%)
Al Mawarid
27.9
+6%
Maharah
31.8
(37%)
Tamkeen
23.4
+26%
Others
SEC***
1057
+18%
Tadawul
112
(44%)
Saudi Steel Pipe
53.4
(5%)
Jamjoom Pharma
120
+17%
Avalon
12.1
+29%
MBC
111
(9%)
Riyadh Cables
240
+40%
**Americana’s profits are reported in USD.
***SEC’s net income is pre-Sukuk dividend distribution.
Tadawul trading screen
SNB Capital issued Q1 2025 earnings forecasts forTadawul-listed banks and firms under its coverage, including Saudi Basic Industries Corp. (SABIC),Al Rajhi Bankand Saudi Electricity Co. (SEC).
SABIC is expected to post earnings of SAR 364 million in Q1 2025. In the banking sector, Al Rajhi Bank is likely to record a 32% annual profit increase to SAR 5.79 billion for the same quarter.
Below is the list of SNB Capital’s fourth-quarter estimates for banks and firms under its coverage:
SNB Capital’s Forecasts for Q1 2025 Earnings (SAR mln)
Company
Q1 2025 (Projected)
YoY Change
Petrochemicals Energy
SABIC
364
+48%
SIIG
20.8
(25%)
Yansab
54.8
(45%)
Tasnee
15.6
—
Sipchem
40.6
(78%)
SABIC AN
1070
+27%
Saudi Kayan
(408)
(29%)
Arabian Drilling
73.9
(50%)
Luberef
211
(12%)
ADES
196
(1%)
Banks
Al Rajhi Bank
5792
+32%
Alinma Bank
1599
+22%
BSF
1198
+4%
Bank Albilad
704
+10%
Bank AlJazira
372
+24%
Riyad Bank
2607
+26%
SAB
2190
+7%
Telecommunications
stc
3788
+15%
Mobily
710
+12%
Zain KSA
145
+117%
solutions
352
(0.4%)
Healthcare
Saudi German Health*
156
+201%
Mouwasat
174
+1%
Al Hammadi
68.8
+8%
Sulaiman Al Habib
591
+7%
Dallah
133
+11%
Fakeeh Care
78.2
+29%
Tourism
SGS
107
+50%
CATRION
82.5
+16%
Seera
46.6
+2%
Retail
Leejam Sports
79.8
(15%)
Shaker
38.1
+18%
Jarir
237
+8%
BinDawood Holding
65.6
+8%
Al Othaim
115
(1%)
Americana**
37.6
+34%
Nahdi
220
(6%)
Aldawaa
108
+14%
Almajed Oud
69.3
+8%
Nice One
32.2
+47%
Cement
Arabian Cement
42.6
(21%)
Yamama Cement
122
+6%
Eastern Cement
69.3
+2%
Qassim Cement
84.4
—
Southern Cement
61.2
(2%)
Saudi Cement
92.2
(19%)
Yanbu Cement
44.7
(23%)
Riyadh Cement
79.4
+13%
Real Estate
Dar Al Arkan
208
+36%
Taiba
128
+16%
Food Beverages
Savola
405
—
Almarai
782
+13%
First Mills
79.6
+3%
Modern Mills
66.3
+2%
Car Rental
Lumi
49.6
+11%
Budget Saudi
84.5
+21%
Theeb
44.7
+10%
SAL
174
(16%)
Fuel Stations
Aldrees
92.9
+20%
SASCO
7.2
(28%)
Workforce Solutions
SMASCO
32.0
(16%)
Al Mawarid
27.9
+6%
Maharah
31.8
(37%)
Tamkeen
23.4
+26%
Others
SEC***
1057
+18%
Tadawul
112
(44%)
Saudi Steel Pipe
53.4
(5%)
Jamjoom Pharma
120
+17%
Avalon
12.1
+29%
MBC
111
(9%)
Riyadh Cables
240
+40%
**Americana’s profits are reported in USD.
***SEC’s net income is pre-Sukuk dividend distribution.
