Value Capital issued its Q1 2026 estimates for several Saudi companies and banks under its coverage.
The brokerage expects Al Rajhi Bank’s net profit to grow 9% year-on-year (YoY) to SAR 6.41 billion in Q1 2026. It also forecasts telecom giant stc to see SAR 3.37 billion net profit, declining 8% YoY.
|
Value Capital’s Q1 2026 Earnings Forecasts (SAR mln) |
||
|
Company |
Q1 2026 (Projected) |
YoY Change |
|
Banking |
||
|
Al Rajhi Bank |
6,408.6 |
+9% |
|
Alinma Bank |
1,743.8 |
+16% |
|
Bank Albilad |
831.8 |
+19% |
|
Bank AlJazira |
392.8 |
+9% |
|
Telecoms |
||
|
stc |
3,372.6 |
(8%) |
|
Zain KSA |
107.9 |
+16% |
|
Basic Materials |
||
|
Southern Cement |
5.5 |
(79%) |
|
Yamama Cement |
64.5 |
(55%) |
|
Saudi Cement |
71.9 |
(34%) |
|
Qassim Cement |
49.8 |
(47%) |
|
Software & Services |
||
|
solutions |
370.8 |
+3% |
|
Elm |
550.7 |
+11% |
|
Healthcare |
||
|
Al Hammadi |
65.4 |
(12%) |
|
Sulaiman Al Habib |
656.0 |
+18% |
|
Capital Goods |
||
|
Riyadh Cables |
297.4 |
+16% |
|
Astra |
170.2 |
(1%) |
|
Other Sectors |
||
|
Tadawul Group |
113.9 |
(5%) |
|
ADES |
208.7 |
+7% |
|
SAL |
173.8 |
+14% |
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