AI Summary
AlJazira Capital published its Q1 2024 profit estimates for Tadawul-listed banks and firms under coverage.
Al Rajhi Bank’s earnings are forecast to increase 6% year-on-year (YoY) to nearly SAR 4.38 billion in Q1 2024.
The below table illustrates AlJazira Capital’s Q1 2024 estimates for a number of banks and firms under coverage:
|
Q1 2024 Forecasts (SAR mln) |
||
|
Company |
Q1 2024 (Forecast) |
YoY Change |
|
Banking Sector |
||
|
Al Rajhi Bank |
4380 |
+6% |
|
Alinma Bank |
1347 |
+39% |
|
Bank Albilad |
616 |
+10% |
|
Telecommunication Sector |
||
|
stc |
2998 |
(4%) |
|
Mobily |
586 |
+26% |
|
Zain KSA |
60 |
(89%) |
|
Materials Sector |
||
|
SABIC |
424 |
(35%) |
|
Tasnee |
57.3 |
(30%) |
|
Yansab |
37.1 |
-- |
|
SABIC Agri-Nutrients |
885.0 |
(10%) |
|
Sipchem |
151.3 |
(68%) |
|
Advanced |
2.8 |
(93%) |
|
Saudi Kayan |
(597.9) |
-- |
|
Alujain |
3.6 |
-- |
|
Maaden |
734.5 |
+75% |
|
Yamama Cement |
131.0 |
+17% |
|
Saudi Cement |
140.7 |
+14% |
|
Southern Cement |
69.2 |
+42% |
|
Qassim Cement |
87.4 |
+43% |
|
Arabian Cement |
84.0 |
+71% |
|
Yanbu Cement |
72.3 |
+42% |
|
City Cement |
48.6 |
+76% |
|
Eastern Cement |
61.6 |
+11% |
|
Riyadh Cement |
81.6 |
-- |
|
Healthcare Sector |
||
|
Al Hammadi |
75.5 |
+5% |
|
Mouwasat |
207.6 |
+25% |
|
Care |
70 |
+24% |
|
Dallah Healthcare |
109.1 |
+15% |
|
Sulaiman Al Habib |
552.8 |
+13% |
|
Saudi German Health |
70.2 |
+60% |
|
Retail Sector |
||
|
Jarir |
261.4 |
+6% |
|
SACO |
(16.8) |
-- |
|
eXtra |
103.5 |
+23% |
|
Americana |
132.1 |
(39%) |
|
Consumer Service Sector |
||
|
Seera |
61.1 |
+10% |
|
Leejam |
83.8 |
+34% |
|
Other Sectors |
||
|
Almarai |
618.4 |
(3%) |
|
Budget Saudi |
70.4 |
+2% |
|
Theeb |
34.3 |
(19%) |
|
Lumi |
53.2 |
+6% |
|
SAL |
148.1 |
+42% |
|
SGS |
54.7 |
+37% |
|
CATRION |
74.5 |
+30% |
|
Al Mawarid |
24.2 |
+9% |
|
Al Othaim |
149.8 |
+25% |
|
BinDawood Holding |
79.4 |
+54% |
|
Elm |
377.7 |
+17% |
|
solutions |
353.5 |
+16% |
|
2P |
32.4 |
+24% |
|
Al Arabia |
89.7 |
(1%) |
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