AI Summary
Al Rajhi Capital issued Q4 2024 earnings forecasts for Saudi-listed companies under its coverage.
Saudi Basic Industries Corp. (SABIC) is expected to post a net profit of SAR 737 million, while stc’s earnings are forecast to rise 26% year-on-year (YoY).
|
Al Rajhi Capital’s Q4 Earnings Forecasts (SAR mln) |
||
|
Company |
Q4 2024 (Projected) |
Change YoY Q4 2023 |
|
Petrochemicals |
||
|
SABIC |
737 |
-- |
|
Sipchem |
96 |
(40%) |
|
SABIC AN |
885 |
(10%) |
|
Yansab |
154 |
+735% |
|
Advanced |
23 |
-- |
|
Cement |
||
|
Arabian Cement |
46 |
+41% |
|
Yamama Cement |
109 |
+107% |
|
Saudi Cement |
125 |
+20% |
|
Qassim Cement* |
62 |
-- |
|
Yanbu Cement |
40 |
+119% |
|
Southern Cement |
44 |
(41%) |
|
Najran Cement |
22 |
+17% |
|
Riyadh Cement |
74 |
+70% |
|
Foods |
||
|
Almarai |
443 |
+20% |
|
SADAFCO |
103 |
(2%) |
|
Savola |
11632 |
+5023% |
|
NADEC |
210 |
+69% |
|
Tanmiah |
19 |
(29%) |
|
Almunajem |
44 |
(47%) |
|
First Mills |
60 |
+4% |
|
Modern Mills |
56 |
+10% |
|
Retail |
||
|
Jarir |
250 |
(9%) |
|
Cenomi Retail |
(14) |
-- |
|
Al Othaim |
283 |
+67% |
|
eXtra |
157 |
+24% |
|
BinDawood Holding |
71 |
(41%) |
|
Telecoms |
||
|
stc** |
2860 |
+26% |
|
Mobily |
690 |
(8%) |
|
Zain KSA |
47 |
(84%) |
|
Healthcare |
||
|
Dallah |
137 |
+20% |
|
Mouwasat |
243 |
+32% |
|
Care |
64 |
-- |
|
Al Hammadi |
76 |
+20% |
|
Fakeeh |
95 |
+29% |
|
Sulaiman Al Habib |
594 |
+13% |
|
Saudi German Health |
64 |
+74% |
|
Pharmaceuticals |
||
|
SPIMACO |
(12) |
-- |
|
Jamjoom Pharma |
48 |
+8% |
|
Astra Industrial |
156 |
+25% |
|
Avalon Pharma |
49 |
+8% |
|
Insurance |
||
|
Bupa Arabia |
147 |
+40% |
|
Tawuniya |
72 |
(20%) |
|
GIG |
19 |
(14%) |
|
Malath |
10 |
+10% |
|
Walaa Insurance |
34 |
(26%) |
|
Saudi Re |
50 |
+160% |
|
Transport & Logistics |
||
|
Lumi Rental |
45 |
+76% |
|
Theeb |
46 |
+30% |
|
Budget Saudi |
80 |
+21% |
|
SISCO** |
18 |
+169% |
|
SAL |
173 |
(4%) |
|
Jahez |
58 |
+74% |
|
Other Sectors |
||
|
Bawan |
31 |
(15%) |
|
Saudi Ceramics |
20 |
-- |
|
Equipment House |
11 |
+2% |
|
Tamkeen |
19 |
+49% |
|
Aldrees |
89 |
+24% |
|
Arabian Drilling |
90 |
(51%) |
|
ADES Holding |
205 |
+23% |
|
Luberef |
206 |
(23%) |
|
solutions |
275 |
+70% |
|
MIS |
10 |
-- |
|
2P |
38 |
(3%) |
|
Elm |
409 |
+25% |
|
Rasan |
35 |
+256% |
|
Alkhorayef Water |
71 |
+141% |
|
Miahona**** |
14 |
+10% |
|
ACWA Power |
419 |
(29%) |
|
Al Arabia |
55 |
(31%) |
|
AMAK |
46 |
+680% |
|
SMASCO |
36 |
(20%) |
|
Seera |
35 |
(68%) |
|
Tadawul Group |
133 |
+45% |
|
United International |
65 |
+17% |
|
Leejam Sports |
133 |
+3% |
|
Riyadh Cables |
219 |
+63% |
*Financial results of Qassim Cement and Hail Cement for Q4 2023 and Q4 2024 were consolidated.
**stc’s 51% stake sale in TAWAL to the PIF was excluded, resulting in a one-off income.
***Excluding revenues of the construction sector
**** A potential one-off payment from Al-Haer project development
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