Here's how Osool & Bakheet sees listed firms results in Q4

11/01/2024 Argaam


Osool & Bakheet Investment Co. released Q4 2023 earnings forecasts for 43 Tadawul-listed banks and companies.

The research firm expected Saudi Basic Industries Corp. (SABIC) to report losses of more than SAR 650 million, while Al Rajhi Bank’s net profit is forecast to decline 5% year-on-year (YoY) to SAR 4.2 billion.

Osool & Bakheet's Q4 2023 Profit Forecasts (SAR mln)

Company

Q4 2023

Change YoY

Banks

Al Rajhi Bank

4203.29

(5%)

SNB

5081.73

+7%

AlJazira Bank

310.14

+27%

BSF

1289.32

+43%

SAB

1684.54

+32%

Bank Albilad

603.62

+12%

Alinma Bank

1210.17

+41%

SAIB

506.67

+45%

ANB

1036.71

+31%

Riyad Bank

2134.17

+5%

Basic Materials

Najran Cement

42.12

(15%)

City Cement

36.81

(23%)

Umm Al-Qura Cement

6.40

--

Arabian Cement

72.82

+107%

Saudi Cement

110.17

(29%)

Qassim Cement

19.79

(63%)

Southern Cement

68.89

+11%

Yanbu Cement

56.80

(4%)

Eastern Cement

53.88

+2%

Yamama Cement

34.17

(75%)

SABIC

(650.48)

--

Saudi Kayan

(678.79)

--

Sipchem

445.59

(7%)

SABIC Agri-Nutrients

924.03

(57%)

Advanced

37.96

--

Alujain

10.08

--

Healthcare

Mouwasat

184.81

+3%

Al Hammadi

99.22

+36%

Sulaiman Al Habib

550.14

+25%

Care

88.30

+59%

Dallah

92.70

+18%

Saudi German Health

65.44

+97%

Telecom

stc

3132.37

+14%

Mobily

564.58

(7%)

Food and Staples Retailing

Jarir

278.58

+4%

Al Othaim

164.03

(5%)

BinDawood Holding

61.23

+4%

Budget Saudi

74.79

+15%

Theeb

41.66

(22%)

Lumi

58.67

+43%

Bawan

45.14

+51%

Herfy

12.67

--

Maharah

39.52

(2%)


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