United Securities issues Q4 2024 earnings forecast

09/01/2025 Argaam
* In USD


United Securities Co. issued Q4 2024 earnings forecasts for a number of Saudi banks and companies under its coverage.

Al Rajhi Bank’s net profit is expected to rise by 8% year-on-year (YoY) to SAR 4.51 billion in the three-month period.

Meanwhile, Saudi Arabian Oil Co. (Saudi Aramco) is seen to post a profit of SAR 89 billion.

 

Q4 2024 Earnings Forecast (SAR mln)

Company

Q4 2024 (Projected)

Change (YoY)

Banking

Al Rajhi Bank

4506

+8%

SNB

5114

+3%

Riyad Bank

2253

+15%

Alinma

1462

+11%

SAB

1675

(10%)

ANB

1164

+24%

Transport & Logistics

Lumi

32

+24%

Budget Saudi

68

+3%

Theeb

48

+35%

SAL

147

(19%)

Cement

Saudi Cement

107

+4%

Yamama Cement

113

+112%

Southern Cement

32

(57%)

Yanbu Cement

34

+91%

Najran Cement

15

(23%)

Riyad Cement

59

+37%

Arabian Cement

38

+15%

Eastern Cement

63

+26%

City Cement

36

+41%

Information Technology

MIS

43

--

solutions

238

+47%

Fuel Retail

Aldrees

83

+15%

Food Retail

Americana*

36

+12%

Herfy

(15)

--

NADEC

230

+86%

Pharma

Jamjoom Pharma

69

+56%

SPIMACO

35

(222%)

Astra

131

(3%)

Telecoms

stc

3229

+42%

Mobily

597

(20%)

Zain KSA

56

(204%)

Healthcare

Saudi German Health

61

+68%

Care

70

+10%

Hammadi

77

+18%

Mouwasat

213

+16%

Sulaiman Al Habib

580

+11%

Other Sectors

Saudi Aramco

08900

(14%)

Aldawaa

82

(11%)

CATRION

80

+15%

SGS

76

+15%

ADES

196

+18%

Al Arabia

22

(72%)

Jahez

64

+93%

Nahdi

205

+20%

* In USD

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