SAB’s 9M 2024 net profit rises 16% to SAR 5.9B; Q3 at SAR 1.9B

29/10/2024 Argaam Exclusive

Saudi Awwal Bank (SAB) reported a net profit of SAR 5.9 billion for the first nine months of 2024, a jump of 16% from SAR 5.1 billion in the year-earlier period.



Financials (M)

Item 9m 2023 9m 2024 Change‬
Net Special Commission Income 7,639.93 8,203.12 7.4 %
Operating Income 9,531.59 10,466.80 9.8 %
Total Provisions (511.87) (501.78) 2.0 %
Net Income 5,144.75 5,944.45 15.5 %
Average Shares 2,054.80 2,054.80 -
EPS (Riyals) 2.50 2.89 15.5 %
EPS Diluted (Riyals) 2.50 2.78 11.2 %

Gross special commission income rose by 24% year-on-year (YoY) during the nine-month period, primarily on the impact of interest rate hikes and loan portfolio growth. Similarly, net special commission income rose by 7%, as special commission expenses reflected the higher interest rate environment.

 

Total operating income grew YoY for the same period. This was mainly due to a SAR 563 million increase in net special commission income; a jump of SAR 220 million in net fee and commission income; and a SAR 152 million rise in the foreign exchange (FX) income.

 

However, the annual profit growth was partly offset by the increased total operating expenses (opex), primarily spurred by higher salaries and employee-related expenses.



Current Quarter Comparison (M)

Compared With The
Item Q3 2023 Q3 2024 Change‬
Net Special Commission Income 2,578.56 2,761.23 7.1 %
Operating Income 3,247.28 3,527.77 8.6 %
Debt Provisions (144.38) (308.90) (114.0 %)
Net Income 1,830.33 1,883.17 2.9 %
Average Shares 2,054.80 2,054.80 -
EPS (Riyals) 0.89 0.92 2.9 %
EPS Diluted (Riyal) 0.89 0.88 (0.8 %)

Q3 2024 net profit stood at SAR 1.9 billion, up 3% from SAR 1.83 billion a year earlier.

 

During the third quarter of this year, gross special commission income advanced by 19% YoY, thanks to interest rate hikes and loan portfolio growth.

This was partly offset by an increase in credit loss provisions, provisions for Zakat and income tax, and opex for the three-month period.

 

Additionally, the increase in the third-quarter total operating income was driven by rising net special commission income, FX income, net fee and commission income, and gains from FVSI financial instruments.

 

On a sequential basis, net earnings decreased by 6.7% from SAR 2.02 billion.

Balance Sheet (B)

Item 9m 2023 9m 2024 Change‬
Assets 340.48 395.35 16.1 %
Customer Deposits 228.05 260.63 14.3 %
Loan 211.40 252.40 19.4 %

Total shareholders’ equity (no minority interest and excluding Sukuk) stood at SAR 60.17 billion by Sept. 30, 2024, compared to SAR 55.53 billion a year earlier.

 

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Share Price

Saudi Awwal Bank
31.50
(0.20) (0.63 %)

Saudi Awwal Bank (SAB)

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Financial Ratios
Current
Market Cap (M Riyal) 64,726.20
Shares Outstanding ((M)) 2,054.80
EPS ( Riyal) (TTM) 3.80
EPS Diluted ( Riyal) (TTM) 3.68
Book Value (BV) ( Riyal) 29.29
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 8.30
P/E (TTM) 8.30
Price/book 1.08
Return on Average Assets (%) (TTM) 2.1
Return on Average Equity (%) (TTM) 13.5
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Financial results (Million)

Period Net Special Commission Income Change Operating Income Change Debt Provisions Change
Q1 2015 1,031.46 7.4 % 1,717.18 5.9 % (115.59) 1.7 %
Q2 2015 1,067.05 5.8 % 1,674.98 0.7 % (113.05) (38.9 %)
Q3 2015 1,079.01 4.8 % 1,689.26 2.1 % (88.00) 44.2 %
Q4 2015 1,076.35 1.2 % 1,549.21 (0.9 %) (113.08) (21.5 %)
Q1 2016 1,116.67 8.3 % 1,795.56 4.6 % (144.97) (25.4 %)
Q2 2016 1,181.84 10.8 % 1,761.11 5.1 % (103.29) 8.6 %
Q3 2016 1,222.36 13.3 % 1,687.30 (0.1 %) (189.53) (115.4 %)
Q4 2016 1,236.05 14.8 % 1,664.64 7.5 % (506.78) (348.2 %)
Q1 2017 1,250.65 12.0 % 1,824.07 1.6 % (226.29) (56.1 %)
Q2 2017 1,284.32 8.7 % 1,800.61 2.2 % (164.90) (59.7 %)
Q3 2017 1,258.28 2.9 % 1,763.89 4.5 % (168.78) 10.9 %
Q4 2017 1,304.64 5.5 % 1,738.34 4.4 % (441.85) 12.8 %
Q1 2018 1,322.55 5.7 % 1,761.65 (3.4 %) (207.25) 8.4 %
Q2 2018 1,390.51 8.3 % 1,868.53 3.8 % 90.82 155.1 %
Q3 2018 1,413.74 12.4 % 1,861.35 5.5 % (87.02) 48.4 %
Q4 2018 1,450.53 11.2 % 1,831.32 5.3 % (55.58) 87.4 %
Q1 2019 1,486.94 12.4 % 1,970.01 11.8 % (90.78) 56.2 %
Q2 2019 1,609.90 15.8 % 2,010.61 7.6 % (1,591.65) (1852.6 %)
Q3 2019 2,084.30 47.4 % 2,669.65 43.4 % (182.05) (109.2 %)
Q4 2019 1,998.49 37.8 % 2,563.05 40.0 % (636.70) (1,045.6 %)
Q1 2020 1,902.58 28.0 % 2,368.89 20.2 % (239.07) (163.4 %)
Q2 2020 1,815.14 12.7 % 2,318.10 15.3 % (1,308.78) 17.8 %
Q3 2020 1,657.57 (20.5 %) 2,141.36 (19.8 %) (51.10) 71.9 %
Q4 2020 1,497.43 (25.1 %) 2,049.61 (20.0 %) (31.98) 95.0 %
Q1 2021 1,426.82 (25.0 %) 2,021.53 (14.7 %) (1.67) 99.3 %
Q2 2021 1,467.28 (19.2 %) 1,946.78 (16.0 %) (25.58) 98.0 %
Q3 2021 1,406.69 (15.1 %) 1,935.43 (9.6 %) (13.00) 74.6 %
Q4 2021 1,416.44 (5.4 %) 1,805.51 (11.9 %) (413.50) (1,192.8 %)
Q1 2022 1,413.65 (0.9 %) 2,012.53 (0.4 %) (59.78) (3,484.1 %)
Q2 2022 1,718.26 17.1 % 2,241.94 15.2 % (135.90) (431.3 %)
Q3 2022 1,984.84 41.1 % 2,506.57 29.5 % (37.51) (188.7 %)
Q4 2022 2,291.54 61.8 % 2,780.59 54.0 % (212.07) 48.7 %
Q1 2023 2,534.04 79.3 % 3,217.57 59.9 % (228.96) (283.0 %)
Q2 2023 2,527.34 47.1 % 3,066.74 36.8 % (138.52) (1.9 %)
Q3 2023 2,578.56 29.9 % 3,247.28 29.6 % (144.38) (284.9 %)
Q4 2023 2,701.54 17.9 % 3,178.87 14.3 % (50.58) 76.2 %
Q1 2024 2,708.75 6.9 % 3,447.42 7.1 % (80.66) 64.8 %
Q2 2024 2,733.13 8.1 % 3,491.61 13.9 % (112.22) 19.0 %
Q3 2024 2,761.23 7.1 % 3,527.77 8.6 % (308.90) (114.0 %)


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
Q1 2015 1,115.19 3.2 % 0.74 - 1,115.19 0.74
Q2 2015 1,137.26 (1.7 %) 0.76 - 1,137.26 0.76
Q3 2015 1,139.56 7.6 % 0.76 - 1,139.56 0.76
Q4 2015 938.54 (3.2 %) 0.63 - 938.54 0.63
Q1 2016 1,141.68 2.4 % 0.76 - 1,141.68 0.76
Q2 2016 1,151.65 1.3 % 0.77 - 1,151.65 0.77
Q3 2016 994.82 (12.7 %) 0.66 - 994.82 0.66
Q4 2016 606.58 (35.4 %) 0.40 - 606.58 0.40
Q1 2017 1,035.98 (9.3 %) 0.69 - 1,035.98 0.69
Q2 2017 1,129.16 (2.0 %) 0.75 - 1,129.16 0.75
Q3 2017 1,083.32 8.9 % 0.72 - 1,083.32 0.72
Q4 2017 706.11 16.4 % 0.47 - 706.11 0.47
Q1 2018 975.40 (5.8 %) 0.65 - 975.40 0.65
Q2 2018 832.59 (26.3 %) 0.56 - 832.59 0.56
Q3 2018 1,061.37 (2.0 %) 0.71 - 1,061.37 0.71
Q4 2018 (153.92) (121.8 %) (0.10) (1053.40) 899.48 0.60
Q1 2019 1,108.55 13.7 % 0.58 (58.00) 1,166.55 0.61
Q2 2019 (188.13) (122.6 %) (0.10) (75.00) (113.13) (0.06)
Q3 2019 1,177.99 11.0 % 0.61 (137.00) 1,314.99 0.69
Q4 2019 660.10 528.9 % 0.34 (147.00) 807.10 0.42
Q1 2020 975.59 (12.0 %) 0.47 (95.00) 1,070.59 0.52
Q2 2020 (6862.85) (3,547.9 %) (3.34) (7509.78) 646.93 0.31
Q3 2020 1,049.99 (10.9 %) 0.51 (114.00) 1,163.99 0.57
Q4 2020 681.88 3.3 % 0.33 (199.00) 880.88 0.43
Q1 2021 973.71 (0.2 %) 0.47 - 973.71 0.47
Q2 2021 918.50 113.4 % 0.45 - 918.50 0.45
Q3 2021 885.30 (15.7 %) 0.43 - 885.30 0.43
Q4 2021 426.92 (37.4 %) 0.21 - 426.92 0.21
Q1 2022 1,006.22 3.3 % 0.49 - 1,006.22 0.49
Q2 2022 1,082.67 17.9 % 0.53 - 1,082.67 0.53
Q3 2022 1,504.54 69.9 % 0.73 108.60 1,395.94 0.68
Q4 2022 1,234.18 189.1 % 0.60 (6.56) 1,240.74 0.60
Q1 2023 1,764.57 75.4 % 0.86 - 1,764.57 0.86
Q2 2023 1,549.85 43.2 % 0.75 - 1,549.85 0.75
Q3 2023 1,830.33 21.7 % 0.89 - 1,830.33 0.89
Q4 2023 1,857.63 50.5 % 0.90 - 1,857.63 0.90
Q1 2024 2,043.02 15.8 % 0.99 - 2,043.02 0.99
Q2 2024 2,018.26 30.2 % 0.98 - 2,018.26 0.98
Q3 2024 1,883.17 2.9 % 0.92 - 1,883.17 0.92

Balance Sheet (B)

Period Assets Change Customer Deposits Change Loan Change
Q1 2015 190.16 8.4 % 149.00 8.8 % 120.43 9.6 %
Q2 2015 192.33 9.6 % 151.10 9.3 % 126.96 12.6 %
Q3 2015 197.20 7.8 % 155.85 8.5 % 129.57 11.1 %
Q4 2015 187.75 0.1 % 148.89 2.1 % 125.95 9.3 %
Q1 2016 191.79 0.9 % 151.88 1.9 % 130.56 8.4 %
Q2 2016 191.87 (0.2 %) 150.27 (0.6 %) 131.10 3.3 %
Q3 2016 185.90 (5.7 %) 144.08 (7.5 %) 125.87 (2.9 %)
Q4 2016 186.06 (0.9 %) 140.64 (5.5 %) 120.96 (4.0 %)
Q1 2017 185.26 (3.4 %) 141.57 (6.8 %) 119.49 (8.5 %)
Q2 2017 182.52 (4.9 %) 138.31 (8.0 %) 117.88 (10.1 %)
Q3 2017 179.48 (3.5 %) 134.57 (6.6 %) 116.69 (7.3 %)
Q4 2017 187.62 0.8 % 140.24 (0.3 %) 117.01 (3.3 %)
Q1 2018 182.62 (1.4 %) 135.39 (4.4 %) 116.49 (2.5 %)
Q2 2018 183.13 0.3 % 132.93 (3.9 %) 113.36 (3.8 %)
Q3 2018 175.05 (2.5 %) 129.33 (3.9 %) 112.13 (3.9 %)
Q4 2018 174.68 (6.9 %) 130.51 (6.9 %) 110.33 (5.7 %)
Q1 2019 173.78 (4.8 %) 127.24 (6.0 %) 110.36 (5.3 %)
Q2 2019 270.82 47.9 % 196.16 47.6 % 154.96 36.7 %
Q3 2019 258.49 47.7 % 183.41 41.8 % 149.34 33.2 %
Q4 2019 265.99 52.3 % 192.17 47.2 % 152.08 37.8 %
Q1 2020 265.69 52.9 % 188.28 48.0 % 155.18 40.6 %
Q2 2020 266.99 (1.4 %) 188.36 (4.0 %) 152.95 (1.3 %)
Q3 2020 263.96 2.1 % 180.20 (1.8 %) 151.89 1.7 %
Q4 2020 276.45 3.9 % 189.11 (1.6 %) 153.24 0.8 %
Q1 2021 271.56 2.2 % 183.69 (2.4 %) 156.71 1.0 %
Q2 2021 272.94 2.2 % 186.83 (0.8 %) 161.44 5.6 %
Q3 2021 269.55 2.1 % 180.25 0.0 % 163.50 7.6 %
Q4 2021 272.40 (1.5 %) 186.76 (1.2 %) 167.56 9.3 %
Q1 2022 282.69 4.1 % 193.89 5.6 % 176.15 12.4 %
Q2 2022 302.54 10.8 % 207.45 11.0 % 176.21 9.1 %
Q3 2022 300.10 11.3 % 202.86 12.5 % 183.16 12.0 %
Q4 2022 314.40 15.4 % 214.28 14.7 % 183.13 9.3 %
Q1 2023 328.88 16.3 % 225.98 16.6 % 191.00 8.4 %
Q2 2023 334.91 10.7 % 222.73 7.4 % 198.67 12.7 %
Q3 2023 340.48 13.5 % 228.05 12.4 % 211.40 15.4 %
Q4 2023 356.64 13.4 % 240.94 12.4 % 215.94 17.9 %
Q1 2024 369.61 12.4 % 251.76 11.4 % 228.54 19.7 %
Q2 2024 382.30 14.1 % 264.43 18.7 % 241.55 21.6 %
Q3 2024 395.35 16.1 % 260.63 14.3 % 252.40 19.4 %

Profitability

Period Return On Average Assets Return on Average Equity Net Interest Income/Total Operating Income
Q1 2015 2.35 % 17.51 % 62.64 %
Q2 2015 2.33 % 16.66 % 63.42 %
Q3 2015 2.29 % 16.52 % 63.84 %
Q4 2015 2.31 % 15.97 % 64.15 %
Q1 2016 2.28 % 15.92 % 64.68 %
Q2 2016 2.28 % 15.32 % 65.54 %
Q3 2016 2.21 % 14.69 % 67.67 %
Q4 2016 2.08 % 13.10 % 68.85 %
Q1 2017 2.01 % 12.51 % 70.50 %
Q2 2017 2.01 % 12.04 % 71.57 %
Q3 2017 2.11 % 12.26 % 71.31 %
Q4 2017 2.12 % 12.24 % 71.53 %
Q1 2018 2.12 % 12.22 % 73.18 %
Q2 2018 1.97 % 10.95 % 73.97 %
Q3 2018 2.02 % 10.90 % 75.13 %
Q4 2018 1.50 % 8.25 % 76.16 %
Q1 2019 1.60 % 8.66 % 76.24 %
Q2 2019 0.81 % 4.14 % 77.69 %
Q3 2019 0.90 % 4.43 % 78.19 %
Q4 2019 1.25 % 6.24 % 77.93 %
Q1 2020 1.19 % 5.86 % 79.02 %
Q2 2020 (1.51 %) (7.82 %) 78.64 %
Q3 2020 (1.60 %) (7.98 %) 78.52 %
Q4 2020 (1.53 %) (7.79 %) 77.41 %
Q1 2021 (1.55 %) (7.74 %) 74.99 %
Q2 2021 1.34 % 7.18 % 74.14 %
Q3 2021 1.30 % 6.77 % 72.90 %
Q4 2021 1.17 % 6.19 % 74.16 %
Q1 2022 1.17 % 6.13 % 74.08 %
Q2 2022 1.18 % 6.38 % 74.48 %
Q3 2022 1.41 % 7.59 % 76.26 %
Q4 2022 1.65 % 8.98 % 77.64 %
Q1 2023 1.83 % 10.09 % 79.36 %
Q2 2023 1.90 % 10.96 % 80.70 %
Q3 2023 1.99 % 11.71 % 80.66 %
Q4 2023 2.09 % 12.44 % 81.36 %
Q1 2024 2.08 % 12.55 % 81.27 %
Q2 2024 2.16 % 13.42 % 80.22 %
Q3 2024 2.12 % 13.48 % 79.91 %

Ratios

Period Customer Deposits Per Total Assets Loans and advances/Total assets Loans and advances/Customers Deposits
Q1 2015 78.36 % 63.33 % 80.83 %
Q2 2015 78.57 % 66.01 % 84.02 %
Q3 2015 79.03 % 65.71 % 83.14 %
Q4 2015 79.30 % 67.08 % 84.59 %
Q1 2016 79.19 % 68.07 % 85.97 %
Q2 2016 78.32 % 68.33 % 87.24 %
Q3 2016 77.50 % 67.71 % 87.36 %
Q4 2016 75.59 % 65.02 % 86.01 %
Q1 2017 76.42 % 64.50 % 84.40 %
Q2 2017 75.78 % 64.59 % 85.23 %
Q3 2017 74.97 % 65.01 % 86.71 %
Q4 2017 74.75 % 62.36 % 83.43 %
Q1 2018 74.14 % 63.79 % 86.04 %
Q2 2018 72.59 % 61.90 % 85.28 %
Q3 2018 73.88 % 64.06 % 86.70 %
Q4 2018 74.71 % 63.16 % 84.54 %
Q1 2019 73.22 % 63.50 % 86.73 %
Q2 2019 72.43 % 57.22 % 79.00 %
Q3 2019 70.96 % 57.77 % 81.42 %
Q4 2019 72.25 % 57.17 % 79.14 %
Q1 2020 70.86 % 58.41 % 82.42 %
Q2 2020 70.55 % 57.29 % 81.20 %
Q3 2020 68.27 % 57.54 % 84.29 %
Q4 2020 68.41 % 55.43 % 81.03 %
Q1 2021 67.64 % 57.71 % 85.31 %
Q2 2021 68.45 % 59.15 % 86.41 %
Q3 2021 66.87 % 60.66 % 90.71 %
Q4 2021 68.56 % 61.51 % 89.72 %
Q1 2022 68.59 % 62.31 % 90.85 %
Q2 2022 68.57 % 58.25 % 84.94 %
Q3 2022 67.60 % 61.03 % 90.29 %
Q4 2022 68.15 % 58.25 % 85.46 %
Q1 2023 68.71 % 58.08 % 84.52 %
Q2 2023 66.50 % 59.32 % 89.20 %
Q3 2023 66.98 % 62.09 % 92.70 %
Q4 2023 67.56 % 60.55 % 89.62 %
Q1 2024 68.11 % 61.83 % 90.78 %
Q2 2024 69.17 % 63.18 % 91.35 %
Q3 2024 65.93 % 63.84 % 96.84 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) EPS Diluted (Riyal) Book Value (BV)
Q1 2015 1,500.00 2.87 2.87 - 17.40
Q2 2015 1,500.00 2.85 2.85 - 18.17
Q3 2015 1,500.00 2.91 2.91 - 18.27
Q4 2015 1,500.00 2.89 2.89 - 18.78
Q1 2016 1,500.00 2.90 2.90 - 19.09
Q2 2016 1,500.00 2.91 2.91 - 19.87
Q3 2016 1,500.00 2.82 2.82 - 20.10
Q4 2016 1,500.00 2.60 2.60 - 20.85
Q1 2017 1,500.00 2.53 2.53 - 21.30
Q2 2017 1,500.00 2.51 2.51 - 21.83
Q3 2017 1,500.00 2.57 2.57 - 21.83
Q4 2017 1,500.00 2.64 2.64 - 22.23
Q1 2018 1,500.00 2.60 2.60 - 21.18
Q2 2018 1,500.00 2.40 2.40 - 21.98
Q3 2018 1,500.00 2.38 2.38 - 21.89
Q4 2018 1,500.00 1.81 2.51 - 21.64
Q1 2019 1,916.10 1.49 2.07 - 22.67
Q2 2019 1,916.10 0.95 1.57 - 26.91
Q3 2019 1,916.10 1.01 1.71 - 26.77
Q4 2019 1,916.10 1.44 1.66 - 27.25
Q1 2020 2,054.80 1.28 1.50 - 27.04
Q2 2020 2,054.80 (1.97) 1.87 - 23.46
Q3 2020 2,054.80 (2.03) 1.80 - 24.18
Q4 2020 2,054.80 (2.02) 1.83 (2.03) 24.65
Q1 2021 2,054.80 (2.02) 1.78 (2.03) 25.27
Q2 2021 2,054.80 1.76 1.92 1.76 25.69
Q3 2021 2,054.80 1.68 1.78 1.68 25.55
Q4 2021 2,054.80 1.56 1.56 1.56 25.76
Q1 2022 2,054.80 1.58 1.58 1.58 26.12
Q2 2022 2,054.80 1.66 1.66 1.66 26.19
Q3 2022 2,054.80 1.96 1.90 1.96 26.01
Q4 2022 2,054.80 2.35 2.30 2.35 26.59
Q1 2023 2,054.80 2.72 2.67 2.72 27.76
Q2 2023 2,054.80 2.95 2.90 2.95 27.59
Q3 2023 2,054.80 3.10 3.11 3.10 27.03
Q4 2023 2,054.80 3.41 3.41 3.40 28.19
Q1 2024 2,054.80 3.54 3.54 3.50 28.73
Q2 2024 2,054.80 3.77 3.77 3.69 28.60
Q3 2024 2,054.80 3.80 3.80 3.68 29.29

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2015 15.36 15.36 2.53
Q2 2015 15.94 15.94 2.50
Q3 2015 13.15 13.15 2.09
Q4 2015 11.74 11.74 1.81
Q1 2016 10.71 10.71 1.63
Q2 2016 9.55 9.55 1.40
Q3 2016 9.03 9.03 1.27
Q4 2016 13.19 13.19 1.64
Q1 2017 12.26 12.26 1.45
Q2 2017 14.63 14.63 1.68
Q3 2017 14.44 14.44 1.70
Q4 2017 14.03 14.03 1.66
Q1 2018 16.53 16.53 2.03
Q2 2018 18.02 18.02 1.97
Q3 2018 18.39 18.39 2.00
Q4 2018 24.71 17.80 2.07
Q1 2019 27.27 19.61 2.28
Q2 2019 45.75 27.74 1.51
Q3 2019 32.18 19.15 1.14
Q4 2019 25.85 22.45 1.27
Q1 2020 15.82 13.49 0.75
Q2 2020 NEG 12.19 0.97
Q3 2020 NEG 14.09 1.05
Q4 2020 NEG 13.45 1.00
Q1 2021 NEG 14.72 1.04
Q2 2021 17.90 16.47 1.23
Q3 2021 19.73 18.66 1.30
Q4 2021 21.15 21.15 1.28
Q1 2022 25.21 25.21 1.52
Q2 2022 24.59 24.59 1.55
Q3 2022 19.97 20.53 1.51
Q4 2022 16.57 16.93 1.46
Q1 2023 12.96 13.20 1.27
Q2 2023 12.94 13.16 1.38
Q3 2023 11.13 11.12 1.28
Q4 2023 11.15 11.15 1.34
Q1 2024 11.42 11.42 1.39
Q2 2024 10.33 10.33 1.33
Q3 2024 9.42 9.42 1.18

Business Segments (Million)

Compared With The
Period Corporate and Institutional Banking Retail Global markets and Treasury Capital Markets Securities Others
Q1 2015 764.09 556.61 396.48 - - -
Q2 2015 719.96 610.16 344.86 - - -
Q3 2015 793.40 573.68 322.18 - - -
Q4 2015 692.91 571.24 285.06 - - -
Q1 2016 809.69 567.45 418.42 - - -
Q2 2016 816.05 596.58 348.48 - - -
Q3 2016 744.91 605.70 298.85 - - 37.84
Q4 2016 769.26 588.11 307.27 - - -
Q1 2017 820.93 629.32 373.81 - - -
Q2 2017 813.48 648.25 317.88 - - -
Q3 2017 782.34 651.12 298.94 - - 31.50
Q4 2017 802.81 638.75 296.78 - - -
Q1 2018 837.17 636.19 297.53 - - (9.24)
Q2 2018 858.65 676.74 297.90 - - 35.24
Q3 2018 859.33 660.93 305.03 - - 36.06
Q4 2018 884.78 649.51 299.50 - - (2.47)
Q1 2019 974.49 665.28 287.07 - - 43.18
Q2 2019 1,001.14 702.09 294.50 - - 12.88
Q3 2019 1,256.87 1,083.30 262.72 - - 66.75
Q4 2019 1,213.52 1,018.68 310.69 - - 20.17
Q1 2020 1,161.94 827.87 352.35 - - 26.74
Q2 2020 1,034.10 794.71 503.14 - - (13.86)
Q3 2020 967.46 726.29 447.62 - - -
Q4 2020 869.28 813.77 370.56 - - (4.00)
Q1 2021 864.31 692.77 458.25 - - 6.20
Q2 2021 872.68 613.31 413.06 - - 23.59
Q3 2021 828.72 635.72 462.48 19.15 - (17.38)
Q4 2021 674.18 580.73 528.64 6.62 - 15.33
Q1 2022 903.95 650.36 469.17 8.09 - (19.04)
Q2 2022 1,037.29 706.18 489.19 8.60 - 0.68
Q3 2022 1,372.84 731.82 401.03 126.99 - (17.52)
Q4 2022 1,544.57 737.61 468.85 67.41 - (37.84)
Q1 2023 1,691.53 813.47 647.53 64.68 - 0.36
Q2 2023 1,653.50 862.95 481.06 80.29 - (11.05)
Q3 2023 1,779.84 895.42 509.78 81.37 - (19.13)
Q4 2023 1,744.80 882.00 422.63 111.18 - 18.26
Q1 2024 1,808.97 965.05 564.49 110.23 - (1.32)
Q2 2024 1,845.08 1,028.32 505.60 111.46 - 1.16
Q3 2024 1,921.71 1,072.31 422.23 113.12 - (1.61)

Analysts Estimates (Million)

Item Q3 2024 (e) Q3 2024 (a) Change‬
Average 1,976.98 1,883.17 (4.7 %)

Estimates vs Actual (Million)

Item Q3 2024 (e) Q3 2024 (a) Change
Bank of America 1,884.00 1,883.17 0.0 %
United Securities Company 1,892.00 1,883.17 (0.5) %
OSOOL AND BAKHEET 1,923.64 1,883.17 (2.1) %
U-Capital 1,962.20 1,883.17 (4.0) %
Hermes 1,975.00 1,883.17 (4.6) %
Arqaam Capital 1,975.00 1,883.17 (4.6) %
Sico 2,007.00 1,883.17 (6.2) %
Riyad Capital 2,007.00 1,883.17 (6.2) %
Citi Bank Group 2,055.00 1,883.17 (8.4) %
SNB Capital 2,089.00 1,883.17 (9.9) %

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