Al Rajhi Capital issues Q1 profit forecasts for TASI-listed firms

Al Rajhi Capital issued Q1 2024 earnings estimates for 60 Saudi-listed companies under its coverage.
Saudi Basic Industries Corp. (SABIC) is expected to incur a loss of SAR 743 million in the first quarter of the year, while stc’s profit is likely to grow by 4% YoY to SAR 3.22 billion.
|
Al Rajhi Capital’s Q1 2024 Forecasts (SAR mln) |
||
|
Company |
Q1 2024 Estimates (SAR mln) |
Change (YoY) |
|
Petrochemicals |
||
|
SABIC |
(743) |
-- |
|
Sipchem |
137 |
(71%) |
|
SABIC Agri-Nutrients |
117 |
(88%) |
|
Yansab |
(9) |
-- |
|
Advanced |
(23) |
-- |
|
Cement |
||
|
Arabian Cement |
38 |
(22%) |
|
Yamama Cement |
77 |
(31%) |
|
Saudi Cement |
60 |
(52%) |
|
Qassim Cement |
53 |
(3%) |
|
Yanbu Cement |
32 |
(37%) |
|
Southern Cement |
57 |
+16% |
|
Telecommunications |
||
|
stc |
3226 |
+4% |
|
Mobily |
528 |
+14% |
|
Zain KSA |
76 |
(86%) |
|
Food & Agriculture |
||
|
Almarai |
559 |
(12%) |
|
SADAFCO |
110 |
+22% |
|
Savola |
220 |
(44%) |
|
NADEC |
120 |
+218% |
|
Tanmiah |
31 |
+48% |
|
Almunajem |
107 |
+31% |
|
First Mills |
61 |
(17%) |
|
Modern Mills |
48 |
(26%) |
|
Retail |
||
|
Jarir |
258 |
+4% |
|
Cenomi Retail |
(165) |
-- |
|
Al Othaim |
98 |
(18%) |
|
eXtra |
91 |
+8% |
|
BinDawood Holding |
47 |
(9%) |
|
Healthcare |
||
|
Dallah |
109 |
+15% |
|
Mouwasat |
214 |
+28% |
|
Care |
59 |
+5% |
|
Al Hammadi |
78 |
(4%) |
|
Sulaiman Al Habib |
530 |
+8% |
|
Saudi German Health |
55 |
+10% |
|
Pharmaceuticals |
||
|
SPIMACO |
73 |
+33% |
|
Jamjoom Pharma |
99 |
+17% |
|
Astra Industrial |
147 |
+20% |
|
Avalon Pharma |
1 |
-- |
|
Insurance |
||
|
Tawuniya |
139 |
+87% |
|
GIG |
22 |
(61%) |
|
Bupa Arabia |
248 |
+31% |
|
Malath |
22 |
(50%) |
|
Walaa |
36 |
+48% |
|
Saudi Re |
15 |
+34% |
|
Transportation and Logistics Services |
||
|
Lumi |
38 |
(24%) |
|
Theeb |
33 |
(22%) |
|
Budget Saudi |
74 |
+7% |
|
SISCO |
15 |
(22%) |
|
SAL |
132 |
+26% |
|
Other Sectors |
||
|
Bawan |
44 |
+27% |
|
Saudi Ceramics |
(37) |
-- |
|
Leejam |
71 |
+13% |
|
Equipment House |
8 |
+17% |
|
Aldrees |
80 |
+13% |
|
Arabian Drilling |
158 |
+12% |
|
Ades Holding |
207 |
+136% |
|
Luberef |
241 |
(46%) |
|
MIS |
22 |
(53%) |
|
solutions |
337 |
+11% |
|
2P |
33 |
+26% |
|
Elm |
379 |
+18% |
|
Alkhorayef Water |
47 |
+44% |
|
ACWA Power |
572 |
+112% |
|
Al Arabia |
91 |
+0.2% |
|
Seera |
59 |
+6% |
|
Tadawul Group |
146 |
+61% |
|
Riyadh Cables |
143 |
+14% |
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