ANB Capital Cuts Saudi Cement, Almarai Q2 Earnings Views

ANB Capital cut its Q2 2026 earnings forecasts for Saudi Cement and Almarai, two of the largest names on the Saudi Exchange.

The brokerage now expects Saudi Cement to post net income of SAR 108 million for the quarter, down from a prior estimate of SAR 120 million. Lower sales volumes and a weaker pricing environment drove the revision, the firm said.

Almarai's forecast was trimmed to SAR 520 million from SAR 545 million. ANB Capital cited higher raw-material costs and a slower-than-expected recovery in dairy demand.

For Saudi Basic Industries Corp. (SABIC), the brokerage kept its estimate unchanged at SAR 2.8 billion. The petrochemical giant's earnings are tracking in line with earlier assumptions, the note said.

ANB Capital maintained its