Tadawul trading screen
Oman-based United Securities LLC issued Q2 2023 forecasts for some Tadawul-listed companies under coverage, topped by Saudi Cement Co. and Arabian Internet and Communications Services Co. (solutions).
Saudi Cement’s second-quarter profit is expected to rise 7% year-on-year to SAR 110 million. The net earnings of solutions are projected to jump 12% YoY to nearly SAR 306 million.
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Q2 2023 forecasts for some companies |
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Company |
Q2 2023 Forecasts |
YoY Change |
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Cement Sector |
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Saudi Cement |
110 |
+7% |
|
Yamama Cement |
69 |
(24%) |
|
Southern Cement |
38 |
(37%) |
|
Yanbu Cement |
34 |
(29%) |
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Najran Cement |
14 |
+6% |
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Software & Services |
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|
solutions |
306 |
+12% |
|
MIS |
52 |
+209% |
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