Riyad Capital issues Q4 2023 earnings forecasts

10/01/2024 Argaam

Riyad Capital issues Q4 2023 earnings forecasts


Riyad Capital issued Q4 2023 earnings forecasts for several banks and companies under coverage, with Saudi Basic Industries Corp. (SABIC), Al Rajhi Bank, and Saudi Electricity Co. (SEC) its coverage.

 

The following table shows Riyad Capital’s earnings forecasts for banks and firms for Q4 2023:

 

Riyad Capital Q4 2023 Profit Estimates (SAR mln) 

Company

Q4 2023 (Projected)

Change YoY

Petrochemicals

SABIC

665

+120%

SABIC Agri-Nutrients

868

(60%)

Tasnee

63

+46%

Yansab

(55)

--

Sipchem

234

(51%)

Advanced

3

--

Saudi Kayan

(738)

--

SIIG

153

--

Banks

BSF

1173

+30%

SAB

1712

+34%

ANB

1003

+27%

Al Rajhi Bank

4189

(5%)

Bank Albilad

613

+14%

Alinma Bank

1283

+49%

SNB

5051

+6%

Telecommunications

stc

3043

+10%

Mobily

590

(3%)

Zain KSA

224

(10%)

Software and Services

solutions

251

+27%

Elm

325

+53%

Health Care Equipment and Services

Sulaiman Al Habib

603

+37%

Mouwasat

203

+13%

Cement

Yamama Cement

98

(27%)

Saudi Cement

101

(35%)

Qassim Cement

57

+7%

Southern Cement

72

 +16%

Yanbu Cement

43

(27%)

Riyadh Cement

144

+34%

Other Sectors

Almarai

457

+28%

Jarir

269

+1%

Saudi Electricity*

1317

(34%)

BinDawood Holding

44

(26%)

MARAFIQ

105

(20%)

Riyadh Cables

150

+41%

Maaden

390

(62%)

Nahdi

181

+41%

Aldawaa

94

+5%

Nomu-Listed Companies

Burgerizzr**

7.4

--

Alhasoob**

2.7

(21%)

*Net profit before deducting speculation instrument

**H2

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