Oman-based United Securities LLC issued Q2 2023 forecasts for some Tadawul-listed companies under coverage, topped by Saudi Cement Co. and Arabian Internet and Communications Services Co. (solutions).
Saudi Cement’s second-quarter profit is expected to rise 7% year-on-year to SAR 110 million. The net earnings of solutions are projected to jump 12% YoY to nearly SAR 306 million.
Company
Q2 2023 Forecasts
YoY Change
Cement Sector
Saudi Cement
110
+7%
Yamama Cement
69
(24%)
Southern Cement
38
(37%)
Yanbu Cement
34
(29%)
Najran Cement
14
+6%
Software & Services
solutions
306
+12%
MIS
52
+209%
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