‎28 TASI firms disclosed Q1 2024 financials on Thursday

A total of 28 Tadawul-listed companies disclosed Q1 2024 financial results today, May 19.

Sixteen market players posted a profit rise, while eight recorded lower earnings. Meanwhile, four firms incurred losses, as follows:

Financial Results of Announced Companies (Million Riyal)

The official deadline for the disclosure of Q1 2024 financials is May 19.

Distribution of Financial Results of Announced companies by sector

Sector
Number of sector companies
No. of disclosing companies
Companies with growth in income
Companies with a decreasing income
Companies incurring losses

Banks

10
10
10
–
–

Petrochemical Industries

12
11
3
3
5

Cement

15
12
10
2
–

Retail

34
26
17
8
1

Energy & Utilities

9
9
5
3
1

Electricity

1
1
1
–
–

Agriculture and Food Industries

21
16
11
3
1

Telecom & IT

9
6
5
1
–

Health care

2
1
1
–
–

Insurance

26
26
15
8
3

Multi-Investment

7
5
1
–
4

Industrial investment

17
16
11
3
2

Building & Construction

17
10
8
1
1

Real Estate Development

12
10
6
2
2

Transportation

8
8
4
3
1

Media and Publishing

6
4
2
1
1

Hotels & Tourism

3
3
2
1
–

Industry

1
–
–
–
–

REITS

18
–
–
–
–

Services

6
2
2
–
–

Derivatives

4
–
–
–
–

Index Funds

11
–
–
–
–

Total

249
176
114
39
22

The aggregate profit of the companies that disclosed their results, including Saudi Aramco, dropped nearly 8% year-on-year (YoY) to SAR 135 billion by the end of the first three months of this year.