AI Summary
Ubhar Capital issued Q2 2024 earnings estimates for a number of Saudi banks and companies under coverage.
The brokerage expects Al Rajhi Bank to post a 7% rise YoY in its Q2 net profit to SAR 4.45 billion and Saudi Basic Industries Corp. (SABIC) to generate SAR 285 million in net profit during the three-month period.
|
Ubhar Capital's Q2 2024 Earnings Forecasts (SAR mln) |
||
|
Company |
Q2 2024 |
Change YoY |
|
Banking |
||
|
SNB |
5,090.0 |
+1% |
|
Al Rajhi Bank |
4,448.8 |
+7% |
|
SAB |
1,906.0 |
+23% |
|
Basic Materials |
||
|
SABIC |
285.0 |
(76%) |
|
Sipchem |
177.5 |
(43%) |
|
Tasnee |
3.8 |
(88%) |
|
Advanced |
36.2 |
(40%) |
|
Yansab |
88.8 |
+224% |
|
SIIG |
35.9 |
(70%) |
|
SABIC Agri-Nutrients |
796.6 |
+22% |
|
Maaden |
843.3 |
+140% |
|
Cement |
||
|
Yamama Cement |
102.8 |
+5% |
|
Saudi Cement |
107.3 |
+26% |
|
City Cement |
39.7 |
+63% |
|
Qassim Cement |
69.8 |
+83% |
|
Telecommunications |
||
|
Stc |
3,499.7 |
+16% |
|
Mobily |
656.7 |
+32% |
|
Insurance |
||
|
Bupa Arabia |
397.7 |
+7% |
|
Tawuniya |
305.6 |
+24% |
|
Healthcare |
||
|
Sulaiman Al Habib |
519.3 |
+7% |
|
Mouwasat |
167.2 |
+11% |
|
Dallah Healthcare |
75.9 |
+43% |
|
Al Hammadi |
123.1 |
+50% |
|
IT |
||
|
solutions |
434.7 |
+28% |
|
MIS |
23.3 |
(53%) |
|
Food and Staples Retailing |
||
|
Jarir |
146.0 |
(6%) |
|
SADAFCO |
114.5 |
+5% |
|
Almarai |
641.2 |
+15% |
|
BinDawood Holding |
65.8 |
(5%) |
|
Al Othaim |
62.5 |
(55%) |
|
Cenomi Centers |
387.9 |
+15% |
|
Leejam Sports |
79.8 |
+10% |
|
Other Sectors |
||
|
Ataa Educational* |
26.6 |
+1% |
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