Osool & Bakheet issues Q2 2024 earnings forecast

09/07/2024 Argaam


Osool & Bakheet Investment Co. released Q2 2024 earnings forecasts for 46 Tadawul-listed banks and companies.

 

Al Rajhi Bank is expected to report profits of nearly SAR 4.6 billion, up 10% year-on-year (YoY). Meanwhile, petrochemical major Saudi Basic Industries Corp.’s (SABIC) net profit is forecast to sink 54% YoY to SAR 537 million.
 

Q2 2024 Earnings Forecast (SAR mln)​

Company

Q2 2024

Change YoY

Banks

Al Rajhi Bank

4557.35

+10%

SNB

5206.56

+4%

Bank AlJazira

316.18

+21%

Banque Saudi Fransi​

1232.58

+15%

SAB

1959.50

+26%

Bank Albilad

628.29

+7%

Alinma Bank

1385.78

+13%

SAIB

453.85

+2%

ANB

1147.08

+16%

Riyad Bank

2046.81

+3%

Materials

City Cement

35.98

+48%

Umm Al-Qura Cement

15.08

+724%

Saudi Cement

102.50

+20%

Qassim Cement

78.52

+106%

Southern Cement

54.88

+188%

Yanbu Cement

42.88

+22%

Eastern Cement

60.49

+18%

Yamama Cement

106.36

+8%

SABIC

536.97

(54%)

Saudi Kayan

(486.27)

--

Sipchem*

189.41

(39%)

SABIC AN

689.46

+6%

Advanced

52.94

(12%)

Alujain**

19.26

+14%

Healthcare

Mouwasat

167.12

+11%

Al Hammadi

79.78

(3%)

Sulaiman Al Habib

539.21

+11%

Care

69.28

+45%

Dallah

105.65

+99%

Saudi German Health

47.90

+19%

Telecommunications

stc

3067.05

+2%

Mobily

635.85

+28%

Insurance

Al Rajhi Takaful

137.19

+81%

Tawuniya

287.62

+17%

Bupa Arabia

401.55

+8%

 

Others

 

Avalon Pharma​

27.55

+53%

Astra

132.27

+15%

Jamjoom Pharma

109.44

+27%

Nahdi

260.98

(1%)

Aldawaa

103.50

+16%

Jarir

205.65

+32%

Al Othaim

105.24

(25%)

Budget Saudi

67.52

(4%)

Theeb

42.17

+41%

Lumi

44.47

(10%)

Herfy

3.55

(22%)

*Included settlement of the insurance claim for the Hail factory fire amounting to SAR 53 million.

**Excluding non-operating gains from selling Natpet Co.

Osool & Bakheet - Q2 earnings forecasts 09/07/2024

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MarketIndices

TASI 10,843.20 (137.97) (1.26 %)

Quotes

41.60 (0.64) (1.53%)
56.40 1.05 1.90%
138.20 (3.50) (2.47%)
95.15 (1.00) (1.04%)
25.82 (0.38) (1.46%)
20.72 (0.17) (0.81%)
12.25 (0.15) (1.21%)
27.70 (0.40) (1.43%)
32.30 (0.76) (2.31%)
17.50 (0.37) (2.10%)
14.18 (0.16) (1.12%)
28.40 (0.18) (0.63%)
47.46 (0.32) (0.67%)
39.10 (0.56) (1.41%)
26.62 (0.32) (1.19%)
34.28 (0.30) (0.87%)
18.27 (0.25) (1.34%)
36.78 (0.24) (0.65%)
53.45 (1.10) (2.01%)
113.20 (0.80) (0.70%)
12.63 (0.09) (0.70%)
17.83 (0.11) (0.61%)
4.54 (0.08) (1.74%)
25.68 (0.28) (1.08%)
69.75 (0.80) (1.13%)
117.00 (1.50) (1.27%)
162.10 (2.80) (1.70%)
7.39 (0.06) (0.80%)
32.66 (0.90) (2.69%)
16.25 (0.36) (2.16%)
152.00 (0.50) (0.33%)
23.02 0.07 0.30%
131.70 (2.80) (2.09%)
74.45 (0.25) (0.33%)
169.50 0.50 0.29%
60.15 (1.55) (2.53%)
15.78 (0.08) (0.50%)
36.00 (0.76) (2.07%)
36.14 (1.00) (2.71%)
75.60 0.35 0.46%
251.60 (3.40) (1.34%)
57.00 (0.05) (0.09%)
64.50 (0.20) (0.31%)
128.70 (3.30) (2.52%)
176.30 (0.20) (0.11%)
118.20 (2.00) (1.67%)