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Yaqeen Capital has released its Q3 earnings forecasts for listed Saudi companies and banks under its coverage. The projections encompass 30 major companies listed on the main Saudi Stock Exchange (TASI) as well as one enterprise on the Nomu Parallel Market, providing critical benchmarks for retail and institutional investors ahead of the earnings season.
Among the highlighted forecasts, major financial institutions show positive projected year-over-year growth. Al Rajhi Bank's net earnings are expected to rise by 12.5% to SAR 7.15 billion, while Bank AlJazira is projected to record a 14.5% gain to SAR 458 million. In the telecom sector, stc is projected to report a decline of 12.6% in net profit to SAR 3.59 billion, whereas GO Telecom is forecasted to post a strong 29.2% YoY growth.
These projections offer clear insights into sector performance trends across the Saudi market. Investors and analysts will closely compare these estimates against actual corporate earnings announcements to assess valuation sustainability and capital flows into TASI equities.
