AI Summary
United Securities issued its Q2 2024 estimates for several Saudi companies and banks under its coverage.
Al Rajhi Bank net profit for Q2 is expected to reach SAR 4.36 billion, a rise of 5 % year-on-year (YoY), while stc’s earnings are expected to increase 8% YoY.
|
Net Profit Estimates for Q2 2024 (SAR mln) |
||
|
Company |
Q2 2024 (Projected) |
Change (YoY) Q2 2023 |
|
Banking |
||
|
Al Rajhi Bank |
4369 |
+5% |
|
SNB |
5059 |
+1% |
|
Riyad Bank |
2092 |
+5% |
|
Alinma Bank |
1344 |
+10% |
|
SAB |
1749 |
+13% |
|
Transport & Logistics |
||
|
Lumi |
34 |
(31%) |
|
Budget Saudi |
67 |
(5%) |
|
Theeb |
33 |
+10% |
|
SAL |
148 |
+36% |
|
Cement |
||
|
Saudi Cement |
83 |
(3%) |
|
Yamama Cement |
91 |
(8%) |
|
Southern Cement |
40 |
+109% |
|
Yanbu Cement |
43 |
+22% |
|
Najran Cement |
12 |
+63% |
|
Riyadh Cement |
59 |
+11% |
|
Arabian Cement |
34 |
+22% |
|
Eastern Cement |
58 |
+13% |
|
City Cement |
38 |
+55% |
|
IT |
||
|
MIS |
11 |
(78%) |
|
solutions |
323 |
(5%) |
|
Fuel Retail |
||
|
Aldrees |
82 |
+17% |
|
Food Retail |
||
|
Americana* |
66 |
(25%) |
|
Herfy |
10 |
+120% |
|
NADEC |
80 |
+23% |
|
Jahez** |
64 |
+2% |
|
Pharmaceuticals |
||
|
Jamjoom Pharma |
97 |
+12% |
|
SPIMACO |
38 |
+70% |
|
Astra Industrial |
124 |
+8% |
|
Telecommunications |
||
|
stc |
3260 |
+8% |
|
Etihad Etisalat |
583 |
+17% |
|
Zain KSA |
65 |
(48%) |
|
Healthcare |
||
|
Care |
66 |
+38% |
|
Al Hammadi |
79 |
(3%) |
|
Saudi German Health |
35 |
(13%) |
|
Other Sectors |
||
|
Aldawaa |
99 |
+11% |
|
CATRION |
78 |
+22% |
|
Saudi Ground Services |
75 |
+50% |
|
ADES |
212 |
+104% |
|
Al-Arabia |
87 |
+2% |
|
Nahdi |
209 |
(21%) |
**Forecasts for H1 2024, compared to H1 2023.
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