Osool & Bakheet issues Q1 2024 earnings forecast

20/04/2024 Argaam

Tadawul trading screen


Osool & Bakheet Investment Co. released Q1 2024 earnings forecasts for 46 Tadawul-listed banks and companies.

Saudi Basic Industries Corp. (SABIC) is expected to report losses of nearly SAR 227 million. Al Rajhi Bank’s net profit is forecast to rise 2% year-on-year to SAR 4.2 billion.

Osool & Bakheet's Q1 2024 Profits Forecasts (SAR mln)

Company

Q1 2024

Change YoY

Banks

Al Rajhi Bank

4243.93

+2%

SNB

5044.90

+1%

Bank AlJazira

312.37

+53%

Saudi Fransi

967.73

(10%)

SAB

1901.38

+8%

Bank Albilad

638.49

+14%

Alinma Bank

1387.18

+43%

SAIB

471.79

+15%

ANB

984.56

(8%)

Riyad Bank

2091.30

+4%

Materials

City Cement

33.64

+22%

Umm Al-Qura Cement

9.36

+38%

Saudi Cement

89.59

(28%)

Qassim Cement

41.36

(25%)

Southern Cement

50.81

+4%

Yanbu Cement

41.92

(18%)

Eastern Cement

71.83

+29%

Yamama Cement

56.10

(50%)

SABIC

(226.84)

--

Saudi Kayan

(741.32)

--

Sipchem

96.70

(79%)

SABIC Agri-Nutrients

398.44

(59%)

Advanced

14.83

(65%)

Alujain

8.41

--

Healthcare

Mouwasat

199.70

+20%

Al Hammadi

84.29

+4%

Sulaiman Al Habib

519.90

+6%

Care

68.32

+21%

Dallah

117.80

+24%

Saudi German Health

61.98

+24%

Telecommunications

stc

2873.76

(8%)

Mobily

570.23

+23%

Insurance

Al Rajhi Takaful

81.93

+34%

Tawuniya

161.62

+117%

Bupa Arabia

253.15

+34%

Others

AVALON PHARMA

2.91

--

Astra

159.43

+30%

Jamjoom Pharma

102.15

+21%

Nahdi Medical

230.50

(6%)

Aldawaa

94.30

+24%

Al Othaim

111.21

(7%)

BinDawood Holding

81.44

+58%

Budget Saudi

67.62

(2%)

Theeb

37.29

(12%)

Lumi

42.56

(14%)

Herfy

6.62

--


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