Sico Investment Bank has released its earnings forecasts for the third quarter of 2025, covering banks and companies within its coverage of the Saudi stock market, as Argaam reported on October 6.

The bank expects Al Rajhi Bank's profits to rise 20% during the third quarter of this year to SAR6.11bn ($1.63bn), compared to the same period last year.

For other banks, Sico forecasts Alinma Bank will post profits of SAR1.62bn ($432mn), up 3% year-on-year, whilst Arab National Bank is expected to report SAR1.38bn ($368mn), an 11% increase. Bank AlBilad's profits are projected to jump 24% to SAR1.43bn ($381mn).

Bank AlJazira is forecast to see earnings decline 2% to SAR2.59bn ($690mn), whilst The Saudi National Bank is expected to report SAR5.79bn ($1.54bn), up 8%. The First Bank's profits are projected to rise 14% to SAR2.14bn ($571mn).

In the telecommunications and information technology sector, Solutions is expected to post SAR507mn ($135mn) in profits, up 10%, whilst Etihad Etisalat (Mobily) is forecast to report SAR836mn ($223mn), up 1%. Saudi Telecom Company's profits are projected to fall 17% to SAR3.85bn ($1.03bn), whilst Elm is expected to see earnings surge 35% to SAR670mn ($179mn).

The cement sector faces mixed results, with Arabian Cement expected to see profits plunge 74% to SAR12.1mn ($3.2mn) and Qassim Cement down 62% to SAR27.2mn ($7.3mn). Southern Province Cement is forecast to report SAR13.6mn ($3.6mn), down 74%, whilst Yanbu Cement is expected to post minimal earnings of SAR20,000 ($5,300), down 100%.

Eastern Province Cement is projected to buck the trend with profits up 15% to SAR47.1mn ($12.6mn), whilst Umm Al-Qura Cement is expected to see earnings rise 17% to SAR11.7mn ($3.1mn).