SNB Capital sets Q3 2024 earnings estimates

06/10/2024 Argaam
Tadawul trading screen

Tadawul trading screen


SNB Capital issued Q3 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). 

 

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

  

SNB Capital's Forecasts for Q3 2024 Earnings (SAR mln)

Company

Q3 2024 (Projected)

YoY Change

Petrochemicals & Energy

SABIC

1623

--

SIIG

61.3

(72%)

Yansab

199

--

Advanced

42.2

(7%)

Tasnee

55.7

(29%)

Sipchem

125

(46%)

SABIC AN

845

(19%)

Saudi Kayan

(342)

--

Arabian Drilling

79.6

(43%)

Luberef

244

(28%)

ADES

195

+ 133 %

Banks

Al Rajhi Bank

4820

+ 16 %

Alinma Bank

1494

+ 13 %

BSF

1202

(3%)

Bank Albilad

679

+ 10 %

Bank AlJazira

315

+ 14 %

Riyad Bank

2146

+ 3 %

SAB

2089

+ 14 %

Telecommunications

stc

3588

(27%)

Mobily

687

+ 31 %

Zain KSA

72.6

(74%)

solutions

411

+ 6 %

Healthcare

Saudi German Health

49.5

(7%)

Mouwasat

155

(1%)

Al Hammadi

58.7

(22%)

Sulaiman Al Habib

578

+ 6 %

Dallah Healthcare

128

+ 29 %

Tourism

SGS

88.2

+ 47 %

CATRION

93.6

+ 1 %

Seera

53.1

+ 121 %

Retail

Leejam Sports

110.0

+ 19 %

eXtra

121.0

+ 2 %

Shaker

19.0

+ 13 %

Jarir

306.0

+ 3 %

BinDawood Holding

38.8

+ 11 %

Al Othaim

64.2

+ 3 %

Nahdi

204.0

(4%)

Americana*

57.1

(30%)

Aldawaa

82.1

+ 15 %

Cement

Arabian Cement

41.3

+ 39 %

Yamama Cement

106.0

+ 160 %

Eastern Cement

65.7

+ 61 %

Qassim Cement

109.0

--

Southern Cement

48.6

(9%)

Saudi Cement

90.6

+ 33 %

Yanbu Cement

30.5

+ 96 %

Riyadh Cement

81.8

--

Real Estate

Dar Al Arkan

191.0

+ 26 %

Taiba

91.5

+ 70 %

Food & Beverages

Savola

154.0

+ 5 %

First Mills

61.2

+ 13 %

Modern Mills

49.7

+ 10 %

Car Rental

Lumi

35.1

+ 0.3 %

Budget Saudi

91.6

+ 28 %

Theeb

47.1

+ 37 %

SAL

167.0

+ 44 %

Fuel Stations

Aldrees

87.5

+ 30 %

SASCO

14.1

+ 9 %

Others

SEC**

5689

(3%)

Tadawul Group

164

+ 60 %

Saudi Steel Pipe

48.7

+ 95 %

Avalon

8.72

+ 204 %

MBC

80.8

--

*Americana profit in US dollar

**Net profit before Mudarabah gains

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