United Securities: As earnings loom, what to expect in Q3 2024?

Net Profit Estimates for Q3 2024 (SAR mln)

Company

Q3

2024 (Projected)

Change YoY

Banking

Al Rajhi Bank

4440

+7%

SNB

5028

+0.4%

Riyad Bank

2153

+3%

Alinma Bank

1557

+18%

SAB

1892

+3%

Transport & Logistics

Lumi

37

+6%

Budget Saudi

77

+8%

Theeb

41

+19%

SAL

165

+42%

Cement

Saudi Cement

108

+58%

Yamama Cement

113

+177%

Southern Cement

43

(19%)

Yanbu Cement

46

+196%

Najran Cement

21

+50%

Riyadh Cement

64

--

Arabian Cement

49

+65%

Eastern Cement

63

+54%

City Cement

44

+895%

IT

MIS

33

--

solutions

334

(14%)

Fuel Retail

Aldrees

87

+29%

Food Retail

Americana*

57

(31%)

Herfy

8

(28%)

NADEC

117

+55%

Pharmaceuticals

Jamjoom Pharma

100

+29%

SPIMACO

33

--

Astra Industrial

115

+11%

Telecoms

stc

3337

(32%)

Etihad Etisalat

593

+13%

Zain KSA

97

(66%)

Healthcare

Saudi German Health

62

 +16%

Care

78

+6%

Al Hammadi

84

+12%

Mouwasat

184

+18%

Sulaiman Al Habib

557

+2%

Other Sectors

Aldawaa

88

+23%

CATRION

81

(12%)

Saudi Ground Services

85

+42%

ADES

211

+151%

Al-Arabia

57

(9%)

Nahdi

194

(9%)