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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