Osool & Bakheet Investment Co. released Q1 2024 earnings forecasts for 46 Tadawul-listed banks and companies.
Saudi Basic Industries Corp. (SABIC) is expected to report losses of nearly SAR 227 million. Al Rajhi Bank’s net profit is forecast to rise 2% year-on-year to SAR 4.2 billion.
Osool & Bakheet’s Q1 2024 Profits Forecasts (SAR mln)
Company
Q1 2024
Change YoY
Banks
Al Rajhi Bank
4243.93
+2%
SNB
5044.90
+1%
Bank AlJazira
312.37
+53%
Saudi Fransi
967.73
(10%)
SAB
1901.38
+8%
Bank Albilad
638.49
+14%
Alinma Bank
1387.18
+43%
SAIB
471.79
+15%
ANB
984.56
(8%)
Riyad Bank
2091.30
+4%
Materials
City Cement
33.64
+22%
Umm Al-Qura Cement
9.36
+38%
Saudi Cement
89.59
(28%)
Qassim Cement
41.36
(25%)
Southern Cement
50.81
+4%
Yanbu Cement
41.92
(18%)
Eastern Cement
71.83
+29%
Yamama Cement
56.10
(50%)
SABIC
(226.84)
—
Saudi Kayan
(741.32)
—
Sipchem
96.70
(79%)
SABIC Agri-Nutrients
398.44
(59%)
Advanced
14.83
(65%)
Alujain
8.41
—
Healthcare
Mouwasat
199.70
+20%
Al Hammadi
84.29
+4%
Sulaiman Al Habib
519.90
+6%
Care
68.32
+21%
Dallah
117.80
+24%
Saudi German Health
61.98
+24%
Telecommunications
stc
2873.76
(8%)
Mobily
570.23
+23%
Insurance
Al Rajhi Takaful
81.93
+34%
Tawuniya
161.62
+117%
Bupa Arabia
253.15
+34%
Others
AVALON PHARMA
2.91
—
Astra
159.43
+30%
Jamjoom Pharma
102.15
+21%
Nahdi Medical
230.50
(6%)
Aldawaa
94.30
+24%
Al Othaim
111.21
(7%)
BinDawood Holding
81.44
+58%
Budget Saudi
67.62
(2%)
Theeb
37.29
(12%)
Lumi
42.56
(14%)
Herfy
6.62
—
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