AlJazira Capital issues Q1 2024 earnings forecast

14/04/2024 Argaam

AlJazira Capital issues Q1 2024 earnings forecast


AlJazira Capital published its Q1 2024 profit estimates for Tadawul-listed banks and firms under coverage.

 

Al Rajhi Bank’s earnings are forecast to increase 6% year-on-year (YoY) to nearly SAR 4.38 billion in Q1 2024.

 

The below table illustrates AlJazira Capital’s Q1 2024 estimates for a number of banks and firms under coverage:

 

Q1 2024 Forecasts (SAR mln)

Company

Q1 2024 (Forecast)

YoY Change

Banking Sector

Al Rajhi Bank

4380

+6%

Alinma Bank

1347

+39%

Bank Albilad

616

+10%

Telecommunication Sector

stc

2998

(4%)

Mobily

586

+26%

Zain KSA

60

(89%)

Materials Sector

SABIC

424

(35%)

Tasnee

57.3

(30%)

Yansab

37.1

--

SABIC Agri-Nutrients

885.0

(10%)

Sipchem

151.3

(68%)

Advanced

2.8

(93%)

Saudi Kayan

(597.9)

--

Alujain

3.6

--

Maaden

734.5

+75%

Yamama Cement

131.0

+17%

Saudi Cement

140.7

+14%

Southern Cement

69.2

+42%

Qassim Cement

87.4

+43%

Arabian Cement

84.0

+71%

Yanbu Cement

72.3

+42%

City Cement

48.6

+76%

Eastern Cement

61.6

+11%

Riyadh Cement

81.6

--

Healthcare Sector

Al Hammadi

75.5

+5%

Mouwasat

207.6

+25%

Care

70

+24%

Dallah Healthcare

109.1

+15%

Sulaiman Al Habib

552.8

+13%

Saudi German Health

70.2

+60%

Retail Sector

Jarir

261.4

+6%

SACO

(16.8)

--

eXtra

103.5

+23%

Americana

132.1

(39%)

Consumer Service Sector

Seera

61.1

+10%

Leejam

83.8

+34%

Other Sectors

Almarai

618.4

(3%)

Budget Saudi

70.4

+2%

Theeb

34.3

(19%)

Lumi

53.2

+6%

SAL

148.1

+42%

SGS

54.7

+37%

CATRION

74.5

+30%

Al Mawarid

24.2

+9%

Al Othaim

149.8

+25%

BinDawood Holding

79.4

+54%

Elm

377.7

+17%

solutions

353.5

+16%

2P

32.4

+24%

Al Arabia

89.7

(1%)

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