Tadawul trading screen
SNB Capital issued Q4 2024 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 699 million in Q4 2024. In the banking sector, Al Rajhi Bank is likely to record a 28% annual profit increase to SAR 5.33 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 Q4 2024 Earnings (SAR mln)
Company
Q4 2024 (Projected)
YoY Change
Petrochemicals Energy
SABIC
699
—
SIIG
88.4
+686%
Yansab
100.0
+442%
Advanced
18.0
(22%)
Tasnee
63.4
—
Sipchem
79.0
(50%)
SABIC AN
931
(5%)
Saudi Kayan
(365)
—
Arabian Drilling
90.4
(51%)
Luberef
230
(14%)
ADES
180
+8%
Banks
Al Rajhi Bank
5325
+28%
Alinma Bank
1595
+21%
BSF
1129
+36%
Bank Albilad
738
+22%
Bank AlJazira
330
+18%
Riyad Bank
2501
+28%
SAB
2079
+12%
Telecommunications
stc*
3907
+72%
Mobily
694
(7%)
Zain KSA
100
—
solutions
327
+102%
Healthcare
Saudi German Health
65
+78%
Mouwasat
192
+4%
Al Hammadi
74.5
+14%
Sulaiman Al Habib
611
+16%
Dallah
141
+24%
Fakeeh Care
100
+35%
Tourism
SGS
71.3
+16%
CATRION
91.8
+32%
Seera
40
(63%)
Retail
Leejam Sports
138
+7%
Shaker
4.6
+15%
Jarir
269
(2%)
BinDawood Holding
74
(39%)
Al Othaim**
306
+81%
Nahdi
167
(2%)
Americana***
40.1
+22%
Aldawaa
96.1
+4%
Cement
Arabian Cement
47.7
+46%
Yamama Cement
109
+107%
Eastern Cement
61.9
+24%
Qassim Cement
65.4
+60%
Southern Cement
44.1
(41%)
Saudi Cement
125
+20%
Yanbu Cement
42
+132%
Riyadh Cement
75.8
+75%
Real Estate
Dar Al Arkan
155
(20%)
Taiba
76.2
—
Food Beverages
Savola***
9651
—
Almarai
450
+21%
First Mills
63.4
+10%
Modern Mills
53.9
+5%
Car Rental
Lumi
48.9
+91%
Budget Saudi
81.8
+24%
Theeb
46.9
+32%
SAL
174
(4%)
Fuel Stations
Aldrees
87.2
+20%
SASCO
11.7
(82%)
Workforce Solutions
SMASCO
33.7
(24%)
Al Mawarid
26.6
+25%
Maharah
40.6
+388%
Others
SEC
2645
—
Tadawul Group
121
+32%
Saudi Steel Pipe
63.5
+11%
Jamjoom Pharma
49.8
+12%
Avalon
49.1
+8%
MBC
201
—
Riyadh Cables
247
+84%
*Excludes profit or loss from TAWAL’s sale.
**Al Othaim’s net income includes a SAR 160 million capital gain from Fourth Mills’ IPO.
***Americana’s profits are reported in USD.
****Savola’s net income includes gains from Almarai stake sale and Iran exit.
*****SEC’s net income is pre-Sukuk dividend distribution.
Tadawul trading screen
SNB Capital issued Q4 2024 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 699 million in Q4 2024. In the banking sector, Al Rajhi Bank is likely to record a 28% annual profit increase to SAR 5.33 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 Q4 2024 Earnings (SAR mln)
Company
Q4 2024 (Projected)
YoY Change
Petrochemicals Energy
SABIC
699
—
SIIG
88.4
+686%
Yansab
100.0
+442%
Advanced
18.0
(22%)
Tasnee
63.4
—
Sipchem
79.0
(50%)
SABIC AN
931
(5%)
Saudi Kayan
(365)
—
Arabian Drilling
90.4
(51%)
Luberef
230
(14%)
ADES
180
+8%
Banks
Al Rajhi Bank
5325
+28%
Alinma Bank
1595
+21%
BSF
1129
+36%
Bank Albilad
738
+22%
Bank AlJazira
330
+18%
Riyad Bank
2501
+28%
SAB
2079
+12%
Telecommunications
stc*
3907
+72%
Mobily
694
(7%)
Zain KSA
100
—
solutions
327
+102%
Healthcare
Saudi German Health
65
+78%
Mouwasat
192
+4%
Al Hammadi
74.5
+14%
Sulaiman Al Habib
611
+16%
Dallah
141
+24%
Fakeeh Care
100
+35%
Tourism
SGS
71.3
+16%
CATRION
91.8
+32%
Seera
40
(63%)
Retail
Leejam Sports
138
+7%
Shaker
4.6
+15%
Jarir
269
(2%)
BinDawood Holding
74
(39%)
Al Othaim**
306
+81%
Nahdi
167
(2%)
Americana***
40.1
+22%
Aldawaa
96.1
+4%
Cement
Arabian Cement
47.7
+46%
Yamama Cement
109
+107%
Eastern Cement
61.9
+24%
Qassim Cement
65.4
+60%
Southern Cement
44.1
(41%)
Saudi Cement
125
+20%
Yanbu Cement
42
+132%
Riyadh Cement
75.8
+75%
Real Estate
Dar Al Arkan
155
(20%)
Taiba
76.2
—
Food Beverages
Savola***
9651
—
Almarai
450
+21%
First Mills
63.4
+10%
Modern Mills
53.9
+5%
Car Rental
Lumi
48.9
+91%
Budget Saudi
81.8
+24%
Theeb
46.9
+32%
SAL
174
(4%)
Fuel Stations
Aldrees
87.2
+20%
SASCO
11.7
(82%)
Workforce Solutions
SMASCO
33.7
(24%)
Al Mawarid
26.6
+25%
Maharah
40.6
+388%
Others
SEC
2645
—
Tadawul Group
121
+32%
Saudi Steel Pipe
63.5
+11%
Jamjoom Pharma
49.8
+12%
Avalon
49.1
+8%
MBC
201
—
Riyadh Cables
247
+84%
*Excludes profit or loss from TAWAL’s sale.
**Al Othaim’s net income includes a SAR 160 million capital gain from Fourth Mills’ IPO.
***Americana’s profits are reported in USD.
****Savola’s net income includes gains from Almarai stake sale and Iran exit.
*****SEC’s net income is pre-Sukuk dividend distribution.
