Yaqeen Capital issued Q4 2023 earnings forecasts for a number of listed companies and banks under its coverage.
The brokerage expected Saudi telecom giant stc to report a profit decline of 1% to SAR 2.72 billion in Q4 2023, compared to the year-earlier period. Al Rajhi Bank’s fourth-quarter earnings are likely to slump 1% year-on-year (YoY) to SAR 4.34 billion.
|
Q4 2023 earnings forecasts (SAR mln) |
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|
Company |
Q4 2023 (expected) |
YoY Change |
|
Banks |
||
|
Al Rajhi Bank |
4345 |
(1%) |
|
Bank AlJazira |
278 |
+14% |
|
Alinma Bank |
1357 |
+58% |
|
Bank Albilad |
615 |
+14% |
|
Telecom |
||
|
stc |
2722 |
(1%) |
|
Mobily |
615 |
+2% |
|
Discretionary Retail |
||
|
Jarir |
276 |
+3% |
|
Other Sectors |
||
|
solutions |
249 |
+26% |
|
Alkhorayef Water |
46 |
+66% |
|
Al Arabia |
102 |
+26% |
|
Tawuniya |
215 |
(33%) |
|
Saudi Re |
20 |
-- |
|
Bupa Arabia |
302 |
+48% |
|
ACWA Power |
404 |
(38%) |
|
ADES |
135 |
(39%) |
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