Al Rajhi Capital issues Q4 2023 earnings forecasts

08/01/2024 Argaam Special

Al Rajhi Capital issues Q4 2023 earnings forecasts


Al Rajhi Capital issued Q4 2023 earnings forecasts for a number of companies under its coverage.

 

The brokerage expected Saudi Basic Industries Corp. (SABIC) to report a profit decline to SAR 704 million in Q4 2023, compared to a year earlier period.

 

Q4 2023 earnings forecasts (SAR mln)

Company

Q4 2023 (expected)

Change YoY

 

Petrochemicals

 

SABIC****

704

(25%)

SIPCHEM

229

(52%)

SABIC AN

852

(61%)

Yansab

3

--

Advanced

10

--

 

Cement

 

Arabian Cement

18

(49%)

Yamama Cement

80

(40%)

Saudi Cement

101

(35%)

Qassim Cement

60

+13%

Yanbu Cement

3

(95%)

Southern Cement

58

(7%)

Najran Cement

13

(74%)

 

Telecoms

 

stc

2692

(2%)

Mobily

608

+0.4%

Zain KSA

156

(38%)

 

Food & Agriculture

 

Almarai

373

+5%

SADAFCO*

122

+55%

Savola

107

+13%

NADEC

76

+203%

Tanmiah

23

(81%)

 

Retail

 

Jarir

258

(4%)

Cenomi Retail

(61)

--

Al Othaim

170

(1%)

BinDawood Holding

85

+44%

 

Healthcare

 

Dallah Healthcare

89

+13%

Mouwasat

181

+1%

Care

63

+14%

Al Hammadi

78

+7%

Sulaiman Al Habib

513

+16%

Saudi German Health

58

+75%

 

Pharmaceuticals

 

SPIMACO

(20)

--

Jamjoom Pharma

40

+26%

Astra

86

--

 

Insurance

 

Bupa Arabia**

301

+57%

Tawuniya**

182

+165%

GIG**

21

+204%

Malath

11

+156%

Walaa

10

--

Saudi Re

20

+817%

 

Other Sectors

 

Bawan

40

+34%

Saudi Ceramics

7

(83%)

Leejam

124

+16%

Equipment House

14

--

Aldrees

71

(1%)

Arabian Drilling

176

+29%

ADES Holding

142

(35%)

Luberef

322

(58%)

solutions

201

+2%

MIS

22

(55%)

2P

48

+3%

TAM***

31

+22%

Alkhorayef

47

+70%

SISCO

19

+3%

SAL

126

+11%

Jahez***

76

+11%

Lumi

61

+48%

Al Arabia

100

+23%

Tadawul

108

+89%

Riyadh Cables

142

+34%

*Different fiscal year

**Insurance figures not amended in line with IFRS 17

***Nomu

****Excluding one-offs

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