‎KASB Capital issues Q4 earnings estimates for listed firms, banks

KASB Capital recently issued its Q4 2023 earnings estimates for several Saudi companies and banks under its coverage.

Saudi Basic Industries Corporation’s (SABIC) net profit for Q4 2023 is expected to soar 116% year-on-year (YoY) to SAR 654.40 million, while Al Rajhi Bank’s earnings are expected to fall 5% YoY to SAR 4.2 billion.

Net Profit Estimates for Q4 2023 (SAR mln)

Company

Q4 2023 (Projected)

Change YoY

Petrochemical Industries

SABIC

654.40

+ 116%

Yansab

(26.62)

—

Advanced

45.68

—

Sipchem

347.21

(28%)

SABIC AN

1064.65

(51%)

Banking Sector

Al Rajhi Bank

4203.77

(5%)

Alinma Bank

1367.41

+ 59%

Bank Albilad

621.97

+ 15%

Bank AlJazira

266.95

+ 10%

Telecommunications

stc

3154.35

+ 14%

Mobily

578.20

(5%)

Consumer Discretionary Distribution 

Jarir

303.30

+ 13%

Cement

Saudi Cement

45.12

(71%)

Southern Cement

46.64

(25%)

Yamama Cement

47.51

(65%)

Qassim Cement

15.30

(71%)

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