SICO: As earnings loom, what to expect in Q4 2023?

07/01/2024 Argaam Special

SICO Bank issues Q4 2023 forecasts for Saudi banks, firms

Tadawul trading screen 


SICO Bank published its Q4 2023 forecasts for some Tadawul-listed banks and firms under its coverage. 

 

Below is a list of SICO Bank’s Q4 2023 estimates for the banks and firms under its coverage:

 

SICO Bank’s Q4 2023 Forecasts (SAR mln)

Company

Q4 2023 Estimates

(SAR mln)

YoY Change

Banks

Al Rajhi Bank

4,177

(5%)

Alinma Bank

1,306

+52%

ANB

1,040

+31%

BSF

1,203

+33%

Riyad Bank

2,002

(1%)

SAB

1,773

+38%

SNB

4,871

+2%

Telecommunications

solutions

290

+47%

Etihad Etisalat

545

(10%)

stc

3140

+14%

Cement

Arabian Cement

52

+48%

City Cement

20

(58%)

Eastern Cement

40

(24%)

Hail Cement

25

+12%

Najran Cement

27

(45%)

Qassim Cement

56

+6%

Saudi Cement

115

(26%)

Southern Cement

49

(21%)

Tabuk Cement

4.8

(73%)

Umm Al-Qura Cement

18

--

Yamama Cement

67

(50%)

Yanbu Cement

34

(43%)

Materials

Maaden

1,050

+3%

Advanced

45

--

Alujain

14

--

SABIC Agri-Nutrients

1340

(38%)

Yansab

176

--

Food and Staples Retailing

Almarai

372

+5%

BinDawood Holding

42

(29%)

Herfy

13

--

Jarir

271

+1%

Leejam

116

+8%

Al Othaim

138

(20%)

Insurance

Bupa Arabia

335

+75%

Tawuniya

207

+201%

Healthcare 

Sulaiman Al Habib

520

+18%

Mouwasat

163

(9%)

Other Sectors 

Americana

229

(4%)

Saudi Ground Services

32

--

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