SNB Capital sets Q4 2024 earnings estimates

Tadawul trading screen 

SNB Capital issued Q4 2024 earnings forecasts for Tadawul-listed banks and firms under its coverage, including Saudi Basic Industries Corp. (SABIC), Al Rajhi Bank and Saudi Electricity Co. (SEC). 

 

SABIC is expected to post earnings of SAR 699 million in Q4 2024. In the banking sector, Al Rajhi Bank is likely to record a 28% annual profit increase to SAR 5.33 billion for the same quarter.

 

Below is the list of SNB Capital’s fourth-quarter estimates for banks and firms under its coverage:

  

SNB Capital's Forecasts for Q4 2024 Earnings (SAR mln)

Company

Q4 2024 (Projected)

YoY Change

Petrochemicals & Energy

SABIC

699

--

SIIG

88.4

+686%

Yansab

100.0

+442%

Advanced

18.0

(22%)

Tasnee

63.4

--

Sipchem

79.0

(50%)

SABIC AN

931

(5%)

Saudi Kayan

(365)

--

Arabian Drilling

90.4

(51%)

Luberef

230

(14%)

ADES

180

+8%

Banks

Al Rajhi Bank

5325

+28%

Alinma Bank

1595

+21%

BSF

1129

+36%

Bank Albilad

738

+22%

Bank AlJazira

330

+18%

Riyad Bank

2501

+28%

SAB

2079

+12%

Telecommunications

stc*

3907

+72%

Mobily

694

(7%)

Zain KSA

100

--

solutions

327

+102%

Healthcare

Saudi German Health

65

+78%

Mouwasat

192

+4%

Al Hammadi

74.5

+14%

Sulaiman Al Habib

611

+16%

Dallah

141

+24%

Fakeeh Care

100

+35%

Tourism

SGS

71.3

+16%

CATRION

91.8

+32%

Seera

40

(63%)

Retail

Leejam Sports

138

+7%

Shaker

4.6

+15%

Jarir 

269

(2%)

BinDawood Holding

74

(39%)

Al Othaim**

306

+81%

Nahdi

167

(2%)

Americana***

40.1

+22%

Aldawaa

96.1

+ 4%

Cement

Arabian Cement

47.7

+46%

Yamama Cement

109

+107%

Eastern Cement

61.9

+24%

Qassim Cement

65.4

+60%

Southern Cement

44.1

(41%)

Saudi Cement

125

+20%

Yanbu Cement

42

+132%

Riyadh Cement

75.8

+75%

Real Estate

Dar Al Arkan

155

(20%)

Taiba

76.2

--

Food & Beverages

Savola***

9651

--

Almarai

450

+21%

First Mills

63.4

+10%

Modern Mills

53.9

+5%

Car Rental

Lumi

48.9

+91%

Budget Saudi

81.8

+24%

Theeb

46.9

+32%

SAL

174

(4%)

Fuel Stations

Aldrees

87.2

+20%

SASCO

11.7

(82%)

 

Workforce Solutions

 

SMASCO

33.7

(24%)

Al Mawarid

26.6

+25%

Maharah

40.6

+388%

Others

SEC

2645

--

Tadawul Group

121

+32%

Saudi Steel Pipe

63.5

+11%

Jamjoom Pharma

49.8

+12%

Avalon

49.1

+8%

MBC

201

--

Riyadh Cables

247

+84%

*Excludes profit or loss from TAWAL’s sale.

**Al Othaim’s net income includes a SAR 160 million capital gain from Fourth Mills' IPO.

***Americana’s profits are reported in USD.

****Savola’s net income includes gains from Almarai stake sale and Iran exit.

*****SEC’s net income is pre-Sukuk dividend distribution.

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Quotes

STC
41.00
0.00 0.00%
ETIHAD ETISALAT
55.00
1.20 2.23%
SAUDI ELECTRICITY
16.72
0.18 1.09%
ALRAJHI
95.80
0.00 0.00%
ALBILAD
38.80
0.00 0.00%
BJAZ
18.74
(0.04) (0.21%)
RIBL
27.95
0.10 0.36%
SAB
33.30
(0.25) (0.75%)
BSF
15.58
(0.12) (0.76%)
ACC
25.20
0.10 0.40%
EPCCO
34.70
0.20 0.58%
QACCO
52.20
0.30 0.58%
SAUDI CEMENT
41.70
0.55 1.34%
SPCC
32.75
(0.25) (0.76%)
YC
35.65
1.15 3.33%
YCC
23.58
0.10 0.43%
ALMARAI
56.00
0.20 0.36%
TASNEE
9.89
0.04 0.41%
SABIC
66.70
0.20 0.30%
SABIC AGRI-NUTRIENTS
110.00
3.40 3.19%
SAVOLA GROUP
37.95
0.05 0.13%
SIIG
17.00
0.90 5.59%
YANSAB
37.30
0.65 1.77%
JARIR
12.70
0.00 0.00%
SASCO
67.70
2.00 3.04%
TAIBA
43.15
0.80 1.89%
ALDREES
130.00
4.00 3.17%
SIPCHEM
23.04
0.54 2.40%
SAUDI KAYAN
6.77
0.10 1.50%
ALINMA
29.90
(0.10) (0.33%)
BUDGET SAUDI
80.90
(0.20) (0.25%)
SEERA
22.16
0.06 0.27%
A.OTHAIM MARKET
10.36
(0.02) (0.19%)
DAR ALARKAN
15.90
(0.02) (0.13%)
ADVANCED
31.60
0.95 3.10%
ZAIN KSA
10.20
0.00 0.00%
DALLAH HEALTH
153.60
1.60 1.05%
MOUWASAT
87.70
(0.70) (0.79%)
SSP
64.70
0.20 0.31%
SHAKER
27.95
(0.30) (1.06%)
CATRION
133.80
(2.20) (1.62%)
SOLUTIONS
286.00
0.40 0.14%
LUMI
71.30
0.40 0.56%
SGS
52.60
(0.20) (0.38%)
ALHAMMADI
41.00
0.40 0.99%
ALDAWAA
76.40
0.20 0.26%
TADAWUL GROUP
210.40
0.80 0.38%
FAKEEH CARE
68.50
0.00 0.00%
RIYADH CABLES
149.00
(1.00) (0.67%)
SULAIMAN ALHABIB
300.00
1.20 0.40%
ARABIAN DRILLING
108.20
2.80 2.66%
RIYADH CEMENT
31.15
0.55 1.80%
SAUDI GERMAN HEALTH
72.40
0.00 0.00%
Leejam Sports
179.00
(2.20) (1.21%)
LUBEREF
110.80
0.60 0.54%
THEEB
77.50
0.30 0.39%
BINDAWOOD
6.49
0.03 0.46%
MAHARAH
6.73
(0.19) (2.75%)
SAL
273.60
(4.60) (1.65%)
NAHDI
118.60
(0.60) (0.50%)
ADES
18.08
0.36 2.03%
MBC GROUP
55.00
(0.80) (1.43%)
AMERICANA
2.22
0.02 0.91%
ALMAWARID
131.60
(2.40) (1.79%)
JAMJOOM PHARMA
162.80
(0.20) (0.12%)
FIRST MILLS
60.10
0.10 0.17%
AVALON PHARMA
125.20
1.00 0.81%
MODERN MILLS
41.40
0.00 0.00%
SMASCO
7.71
(0.08) (1.03%)


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