Riyad Capital issues Q2 2024 earnings forecasts

07/07/2024 Argaam
*Net profit before deducting Mudaraba coupon


Riyad Capital issued Q2 2024 earnings forecasts for several banks and companies under coverage.

 

The following table shows Riyad Capital’s earnings forecasts for banks and firms in Q2 2024:

 

Riyad Capital Q2 2024 Profit Estimates (SAR mln)

Company

Q2 2024 (Projected)

Change (YoY)​

Petrochemicals

SABIC

627

(47%)

SABIC Agri-Nutrients

714

+10%

Tasnee

39

+24%

Yansab

122

+345%

Sipchem

179

(43%)

Advanced

49

(19%)

Saudi Kayan

(524)

--

SIIG

73

(39%)

Banks

BSF

1197

+12%

SAB

1888

+22%

ANB

1276

+29%

Al Rajhi Bank

4523

+9%

Bank Albilad

653

+11%

Alinma Bank

1329

+8%

SNB

5161

+3%

Telecommunications

stc

3151

+5%

Mobily

647

+30%

Zain KSA

81

(35%)

Software and Services

solutions

349

+3%

Elm

390

+5%

Health Care Equipment and Services

Sulaiman Al Habib

533

+9%

Mouwasat

165

+10%

Cement

Yamama Cement

106

+8%

Saudi Cement

100

+17%

Qassim Cement

92

+141%

Southern Cement

49

+158%

Yanbu Cement

53

+50%

Riyadh Cement

75

+41%

Other Sectors

Jarir

153

(2%)

Saudi Electricity*

4854

+130%

BinDawood Holding

53

(24%)

MARAFIQ

91

(43%)

Riyadh Cables

169

+33%

Maaden

1102

+214%

Nahdi

200

(25%)

Aldawaa

108

+21%

Nomu – Semi-Annual Results​

Burgerizzr

8.0

+142%

Al-Hasoob

0.5

(64%)

*Net profit before deducting Mudaraba coupon

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