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‎Al Rajhi Capital issues Q4 2024 profit forecasts for TASI-listed firms
Home » Travel » United States » ‎Al Rajhi Capital issues Q4 2024 profit forecasts for TASI-listed firms

‎Al Rajhi Capital issues Q4 2024 profit forecasts for TASI-listed firms

Tomi Drews 03/01/2025 08:21

‎ Al Rajhi Capital issued Q4 2024 earnings forecasts for Saudi-listed companies under its coverage. Saudi Basic Industries Corp. (SABIC) is expected to post a net profit of SAR 737 million, while stc’s earnings are forecast to rise 26% year-on-year (YoY). Al Rajhi Capital’s Q4 Earnings Forecasts (SAR mln) Company Q3 2024 (Projected) Change YoY

Argaam EN
‎

Al Rajhi Capital issued Q4 2024 earnings forecasts for Saudi-listed companies under its coverage.

Saudi Basic Industries Corp. (SABIC) is expected to post a net profit of SAR 737 million, while stc’s earnings are forecast to rise 26% year-on-year (YoY).

Al Rajhi Capital’s Q4 Earnings Forecasts (SAR mln)

Company

Q3

2024 (Projected)

Change YoY

Q3 2023

Petrochemicals

SABIC

737

—

Sipchem

96

(40%)

SABIC AN

885

(10%)

Yansab

154

+735%

Advanced

23

—

Cement

Arabian Cement

46

+41%

Yamama Cement

109

+107%

Saudi Cement

125

+20%

Qassim Cement*

62

—

Yanbu Cement

40

+119%

Southern Cement

44

(41%)

Najran Cement

22

+17%

Riyadh Cement

74

+70%

Foods

Almarai

443

+20%

SADAFCO

103

(2%)

Savola

11632

+5023%

NADEC

210

+69%

Tanmiah

19

(29%)

Almunajem

44

(47%)

First Mills

60

+4%

Modern Mills

56

+10%

Retail

Jarir

250

(9%)

Cenomi Retail

(14)

—

Al Othaim

283

+67%

eXtra

157

+24%

BinDawood Holding

71

(41%)

Telecoms

stc**

2860

+26%

Mobily

690

(8%)

Zain KSA

47

(84%)

Healthcare

Dallah

137

+20%

Mouwasat

243

+32%

Care

64

—

Al Hammadi

76

+20%

Fakeeh

95

+29%

Sulaiman Al Habib

594

+13%

Saudi German Health

64

+74%

Pharmaceuticals

SPIMACO

(12)

—

Jamjoom Pharma

48

+8%

Astra Industrial

156

+25%

Avalon Pharma

49

+8%

Insurance

Bupa Arabia

147

+40%

Tawuniya

72

(20%)

GIG

19

(14%)

Malath

10

+10%

Walaa Insurance

34

(26%)

Saudi Re

50

+160%

Transport Logistics

Lumi Rental

45

+76%

Theeb

46

+30%

Budget Saudi

80

+21%

SISCO**

18

+169%

SAL

173

(4%)

Jahez

58

+74%

Other Sectors

Bawan

31

(15%)

Saudi Ceramics

20

—

Equipment House

11

+2%

Tamkeen

19

+49%

Aldrees

89

+24%

Arabian Drilling

90

(51%)

ADES Holding

205

+23%

Luberef

206

(23%)

solutions

275

+70%

MIS

10

—

2P

38

(3%)

Elm

409

+25%

Rasan

35

+256%

Alkhorayef Water

71

+141%

Miahona****

14

+10%

ACWA Power

419

(29%)

Al Arabia

55

(31%)

AMAK

46

+680%

SMASCO

36

(20%)

Seera

35

(68%)

Tadawul Group

133

+45%

United International

65

+17%

Leejam Sports

133

+3%

Riyadh Cables

219

+63%

*Financial results of Qassim Cement and Hail Cement for Q4 2023 and Q4 2024 were consolidated…
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