United Securities issues Q4 2024 earnings forecast
United Securities Co. issued Q4 2024 earnings forecasts for a number of Saudi banks and companies under its coverage.
Al Rajhi Bank’s net profit is expected to rise by 8% year-on-year (YoY) to SAR 4.51 billion in the three-month period.
Meanwhile, Saudi Arabian Oil Co. (Saudi Aramco) is seen to post a profit of SAR 89 billion.
Q4 2024 Earnings Forecast (SAR mln) |
|||
Company |
Q4 2024 (Projected) |
Change (YoY) |
|
Banking |
|||
Al Rajhi Bank |
4506 |
+8% |
|
SNB |
5114 |
+3% |
|
Riyad Bank |
2253 |
+15% |
|
Alinma |
1462 |
+11% |
|
SAB |
1675 |
(10%) |
|
ANB |
1164 |
+24% |
|
Transport & Logistics |
|||
Lumi |
32 |
+24% |
|
Budget Saudi |
68 |
+3% |
|
Theeb |
48 |
+35% |
|
SAL |
147 |
(19%) |
|
Cement |
|||
Saudi Cement |
107 |
+4% |
|
Yamama Cement |
113 |
+112% |
|
Southern Cement |
32 |
(57%) |
|
Yanbu Cement |
34 |
+91% |
|
Najran Cement |
15 |
(23%) |
|
Riyad Cement |
59 |
+37% |
|
Arabian Cement |
38 |
+15% |
|
Eastern Cement |
63 |
+26% |
|
City Cement |
36 |
+41% |
|
Information Technology |
|||
MIS |
43 |
-- |
|
solutions |
238 |
+47% |
|
Fuel Retail |
|||
Aldrees |
83 |
+15% |
|
Food Retail |
|||
Americana* |
36 |
+12% |
|
Herfy |
(15) |
-- |
|
NADEC |
230 |
+86% |
|
Pharma |
|||
Jamjoom Pharma |
69 |
+56% |
|
SPIMACO |
35 |
(222%) |
|
Astra |
131 |
(3%) |
|
Telecoms |
|||
stc |
3229 |
+42% |
|
Mobily |
597 |
(20%) |
|
Zain KSA |
56 |
(204%) |
|
Healthcare |
|||
Saudi German Health |
61 |
+68% |
|
Care |
70 |
+10% |
|
Hammadi |
77 |
+18% |
|
Mouwasat |
213 |
+16% |
|
Sulaiman Al Habib |
580 |
+11% |
|
Other Sectors |
|||
Saudi Aramco |
08900 |
(14%) |
|
Aldawaa |
82 |
(11%) |
|
CATRION |
80 |
+15% |
|
SGS |
76 |
+15% |
|
ADES |
196 |
+18% |
|
Al Arabia |
22 |
(72%) |
|
Jahez |
64 |
+93% |
|
Nahdi |
205 |
+20% |
* In USD
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