KASB Capital recently issued its Q3 2023 earnings estimates for several Saudi companies and banks under its coverage.
Saudi Basic Industries Corporation’s (SABIC) net profit for Q3 2023 is expected to reach SAR 1.93 billion, up 5% year-on-year (YoY), while Al Rajhi Bank’s earnings are expected to fall 4% YoY.
|
Net Profit Estimates for Q3 2023 (SAR mln) |
||
|
Company |
Q3 2023 (Projected) |
Change YoY |
|
Petrochemical Industries |
||
|
SABIC |
1933.82 |
+5% |
|
Yansab |
(123.06) |
-- |
|
Advanced |
81.95 |
+204% |
|
Sipchem |
532.35 |
(31%) |
|
SABIC AN |
834.14 |
(64%) |
|
Banking Sector |
||
|
Al Rajhi Bank |
4178.27 |
(4%) |
|
Alinma Bank |
1317.57 |
+33% |
|
Bank Albilad |
612.05 |
+13% |
|
Bank AlJazira |
276.29 |
+19% |
|
Telecommunications |
||
|
stc |
4689.36 |
+32% |
|
Mobily |
596.63 |
+60% |
|
Cement |
||
|
Saudi Cement |
80.36 |
(0.4%) |
|
Southern Cement |
31.24 |
(65%) |
|
Yamama Cement |
82.25 |
(19%) |
|
Qassim Cement |
51.95 |
+122% |
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