
United Securities Co. issued Q4 2024 earnings forecasts for a number of Saudi banks and companies under its coverage.
Al Rajhi Bank’s net profit is expected to rise by 8% year-on-year (YoY) to SAR 4.51 billion in the three-month period.
Meanwhile, Saudi Arabian Oil Co. (Saudi Aramco) is seen to post a profit of SAR 89 billion.
| Q4 2024 Earnings Forecast (SAR mln) | |||
| Company | Q4 2024 (Projected) | Change (YoY) | |
| Banking | |||
| Al Rajhi Bank | 4506 | +8% | |
| SNB | 5114 | +3% | |
| Riyad Bank | 2253 | +15% | |
| Alinma | 1462 | +11% | |
| SAB | 1675 | (10%) | |
| ANB | 1164 | +24% | |
| Transport & Logistics | |||
| Lumi | 32 | +24% | |
| Budget Saudi | 68 | +3% | |
| Theeb | 48 | +35% | |
| SAL | 147 | (19%) | |
| Cement | |||
| Saudi Cement | 107 | +4% | |
| Yamama Cement | 113 | +112% | |
| Southern Cement | 32 | (57%) | |
| Yanbu Cement | 34 | +91% | |
| Najran Cement | 15 | (23%) | |
| Riyad Cement | 59 | +37% | |
| Arabian Cement | 38 | +15% | |
| Eastern Cement | 63 | +26% | |
| City Cement | 36 | +41% | |
| Information Technology | |||
| MIS | 43 | -- | |
| solutions | 238 | +47% | |
| Fuel Retail | |||
| Aldrees | 83 | +15% | |
| Food Retail | |||
| Americana* | 36 | +12% | |
| Herfy | (15) | -- | |
| NADEC | 230 | +86% | |
| Pharma | |||
| Jamjoom Pharma | 69 | +56% | |
| SPIMACO | 35 | (222%) | |
| Astra | 131 | (3%) | |
| Telecoms | |||
| stc | 3229 | +42% | |
| Mobily | 597 | (20%) | |
| Zain KSA | 56 | (204%) | |
| Healthcare | |||
| Saudi German Health | 61 | +68% | |
| Care | 70 | +10% | |
| Hammadi | 77 | +18% | |
| Mouwasat | 213 | +16% | |
| Sulaiman Al Habib | 580 | +11% | |
| Other Sectors | |||
| Saudi Aramco | 08900 | (14%) | |
| Aldawaa | 82 | (11%) | |
| CATRION | 80 | +15% | |
| SGS | 76 | +15% | |
| ADES | 196 | +18% | |
| Al Arabia | 22 | (72%) | |
| Jahez | 64 | +93% | |
| Nahdi | 205 | +20% | |
* In USD
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