Markets News

SICO Bank issues Q2 2024 forecasts for stocks under purview

SICO Bank published its Q2 2024 forecasts for 35 Tadawul-listed banks and companies under its coverage.

 

Al Rajhi Bank’s net profit is expected to grow 10% year-on-year (YoY) to SAR 4.6 billion in the three-month period.

 

Below is the list of SICO Bank’s Q2 2024 estimates for the banks and companies under its coverage:

 

SICO Bank’s Q2 2024 Forecasts (SAR mln)

Company

Q2 2024 (Projected)

Change (YoY)

Banks

Al Rajhi Bank

4565

+10%

Alinma Bank

1355

+11%

ANB

1254

+27%

BSF

1183

+10%

Riyad Bank

2121

+7%

SAB

1884

+22%

SNB

5135

+2%

ICT

solutions

388

+14%

Mobily

657

+32%

stc

3129

+4%

Cement

Arabian Cement

37.2

+33%

City Cement

50.9

+110%

Eastern Cement

58.9

+15%

Saudi Cement

78.1

(8%)

Southern Cement

30.1

+58%

Tabuk Cement

9.48

(5%)

Umm Al-Qura Cement

17.9

+894%

Yamama Cement

96.8

(2%)

Yanbu Cement

52.3

+48%

Materials

Maaden

857

+144%

Advanced

27.5

(54%)

Alujain

206

--

SABIC AN

806

+24%

Yansab

99.4

+262%

Food and Staples Retailing

Almarai

678

+22%

BinDawood Holding

68.6

(1%)

Herfy

10.6

+136%

Jarir

165

+6%

Leejam

94.5

+30%

Al Othaim

39.3

(72%)

Insurance

Bupa Arabia

401

+8%

Tawuniya

271

+10%

Healthcare

Sulaiman Al Habib

527

+8%

Mouwasat

168

+12%

Other Sectors

SGS

82.7

+66%