Price Target Changed • Jul 16
Price target increased by 38% to ر.س110 Up from ر.س80.00, the current price target is provided by 1 analyst. New target price is 73% above last closing price of ر.س63.75. Stock is down 66% over the past year. The company is forecast to post a net loss per share of ر.س0.64 next year compared to a net loss per share of ر.س4.58 last year. Buy Or Sell Opportunity • Jun 01
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 8.8% to ر.س78.15. The fair value is estimated to be ر.س63.50, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 16% in a year. Earnings are forecast to grow by 90% in the next year. Buy Or Sell Opportunity • May 17
Now 20% overvalued Over the last 90 days, the stock has fallen 27% to ر.س76.60. The fair value is estimated to be ر.س63.77, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 16% in a year. Earnings are forecast to grow by 90% in the next year. Reported Earnings • May 14
First quarter 2026 earnings released: EPS: ر.س0.42 (vs ر.س0.39 in 1Q 2025) First quarter 2026 results: EPS: ر.س0.42 (up from ر.س0.39 in 1Q 2025). Revenue: ر.س769.6m (up 16% from 1Q 2025). Net income: ر.س34.1m (up 10% from 1Q 2025). Profit margin: 4.4% (down from 4.6% in 1Q 2025). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Media industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Price Target Changed • May 12
Price target decreased by 27% to ر.س80.00 Down from ر.س110, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of ر.س76.50. Stock is down 50% over the past year. The company is forecast to post a net loss per share of ر.س0.64 next year compared to a net loss per share of ر.س4.58 last year. New Risk • May 11
New major risk - Revenue and earnings growth Earnings have declined by 22% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.6% average weekly change). Earnings have declined by 22% per year over the past 5 years. Announcement • Apr 28
Saudi Research and Media Group, Annual General Meeting, May 20, 2026 Saudi Research and Media Group, Annual General Meeting, May 20, 2026, at 20:00 Arab Standard Time. Location: riyadh Saudi Arabia Reported Earnings • Apr 04
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: ر.س4.58 loss per share (down from ر.س2.52 profit in FY 2024). Revenue: ر.س2.67b (down 18% from FY 2024). Net loss: ر.س366.3m (down 282% from profit in FY 2024). Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) also missed analyst estimates significantly. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Media industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Feb 26
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 39% to ر.س86.80. The fair value is estimated to be ر.س112, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.3% over the last 3 years. Meanwhile, the company became loss making. New Risk • Feb 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Saudi stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Price Target Changed • Dec 18
Price target decreased by 27% to ر.س110 Down from ر.س151, the current price target is provided by 1 analyst. New target price is 22% below last closing price of ر.س141. Stock is down 51% over the past year. The company is forecast to post a net loss per share of ر.س0.71 compared to earnings per share of ر.س2.52 last year. Reported Earnings • Nov 14
Third quarter 2025 earnings released: ر.س0.38 loss per share (vs ر.س1.86 profit in 3Q 2024) Third quarter 2025 results: ر.س0.38 loss per share (down from ر.س1.86 profit in 3Q 2024). Revenue: ر.س682.7m (down 20% from 3Q 2024). Net loss: ر.س30.4m (down 121% from profit in 3Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Media industry in Asia. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 19
Second quarter 2025 earnings released: ر.س0.12 loss per share (vs ر.س1.02 profit in 2Q 2024) Second quarter 2025 results: ر.س0.12 loss per share (down from ر.س1.02 profit in 2Q 2024). Revenue: ر.س689.3m (down 19% from 2Q 2024). Net loss: ر.س9.74m (down 112% from profit in 2Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Media industry in Asia. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Jul 07
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to ر.س201. The fair value is estimated to be ر.س161, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 29%. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to grow by 312% in the next 2 years. Buy Or Sell Opportunity • Jun 17
Now 25% overvalued Over the last 90 days, the stock has fallen 1.9% to ر.س174. The fair value is estimated to be ر.س140, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 29%. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to grow by 312% in the next 2 years. New Risk • Jun 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Saudi stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (33% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Profit margins are more than 30% lower than last year (4.7% net profit margin). Announcement • May 30
Saudi Research and Media Group, Annual General Meeting, Jun 24, 2025 Saudi Research and Media Group, Annual General Meeting, Jun 24, 2025, at 19:15 Arab Standard Time. Location: riyadh Saudi Arabia Reported Earnings • May 20
First quarter 2025 earnings released: EPS: ر.س0.39 (vs ر.س1.09 in 1Q 2024) First quarter 2025 results: EPS: ر.س0.39 (down from ر.س1.09 in 1Q 2024). Revenue: ر.س665.7m (down 18% from 1Q 2024). Net income: ر.س30.9m (down 64% from 1Q 2024). Profit margin: 4.6% (down from 11% in 1Q 2024). Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Media industry in Asia. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Apr 14
Now 20% overvalued Over the last 90 days, the stock has fallen 36% to ر.س173. The fair value is estimated to be ر.س144, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 18%. For the next 3 years, revenue is forecast to grow by 7.5% per annum. Earnings are also forecast to grow by 30% per annum over the same time period. Reported Earnings • Apr 01
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: ر.س2.52 (down from ر.س7.00 in FY 2023). Revenue: ر.س3.26b (down 13% from FY 2023). Net income: ر.س201.7m (down 64% from FY 2023). Profit margin: 6.2% (down from 15% in FY 2023). Revenue missed analyst estimates by 5.4%. Earnings per share (EPS) also missed analyst estimates by 49%. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Media industry in Asia. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. New Risk • Mar 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Saudi stocks, typically moving 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (9.7% net profit margin). Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ر.س172, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 17x in the Media industry in Asia. Total loss to shareholders of 29% over the past three years. Price Target Changed • Dec 18
Price target decreased by 22% to ر.س150 Down from ر.س193, the current price target is provided by 1 analyst. New target price is 47% below last closing price of ر.س281. Stock is up 75% over the past year. The company is forecast to post earnings per share of ر.س4.91 for next year compared to ر.س7.00 last year. Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: ر.س1.86 (vs ر.س3.11 in 3Q 2023) Third quarter 2024 results: EPS: ر.س1.86 (down from ر.س3.11 in 3Q 2023). Revenue: ر.س850.9m (down 19% from 3Q 2023). Net income: ر.س148.5m (down 40% from 3Q 2023). Profit margin: 17% (down from 24% in 3Q 2023). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Media industry in Asia. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Aug 18
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to ر.س251. The fair value is estimated to be ر.س209, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 5.9%. Revenue is forecast to grow by 50% in 2 years. Earnings are forecast to grow by 122% in the next 2 years. Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: ر.س1.02 (vs ر.س2.27 in 2Q 2023) Second quarter 2024 results: EPS: ر.س1.02 (down from ر.س2.27 in 2Q 2023). Revenue: ر.س850.5m (down 13% from 2Q 2023). Net income: ر.س81.4m (down 55% from 2Q 2023). Profit margin: 9.6% (down from 19% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Media industry in Asia. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ر.س268, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 15x in the Media industry in Asia. Total returns to shareholders of 76% over the past three years. Buy Or Sell Opportunity • Jul 07
Now 28% overvalued Over the last 90 days, the stock has fallen 8.2% to ر.س237. The fair value is estimated to be ر.س186, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 17%. Revenue is forecast to grow by 41% in 2 years. Earnings are forecast to grow by 74% in the next 2 years. New Risk • May 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Saudi stocks, typically moving 7.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Reported Earnings • May 23
First quarter 2024 earnings released: EPS: ر.س1.09 (vs ر.س1.51 in 1Q 2023) First quarter 2024 results: EPS: ر.س1.09 (down from ر.س1.51 in 1Q 2023). Revenue: ر.س814.9m (down 7.9% from 1Q 2023). Net income: ر.س86.9m (down 28% from 1Q 2023). Profit margin: 11% (down from 14% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Media industry in Asia. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 02
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: ر.س7.00 (down from ر.س8.11 in FY 2022). Revenue: ر.س3.75b (up 1.0% from FY 2022). Net income: ر.س559.6m (down 14% from FY 2022). Profit margin: 15% (down from 18% in FY 2022). Revenue missed analyst estimates by 7.6%. Earnings per share (EPS) also missed analyst estimates by 21%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Media industry in Asia. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ر.س283, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 15x in the Media industry in Asia. Total returns to shareholders of 268% over the past three years. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ر.س205, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Media industry in Asia. Total returns to shareholders of 162% over the past three years. Reported Earnings • Nov 11
Third quarter 2023 earnings released: EPS: ر.س3.11 (vs ر.س3.08 in 3Q 2022) Third quarter 2023 results: EPS: ر.س3.11 (up from ر.س3.08 in 3Q 2022). Revenue: ر.س1.05b (up 5.2% from 3Q 2022). Net income: ر.س249.0m (up 1.0% from 3Q 2022). Profit margin: 24% (down from 25% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: ر.س2.27 (vs ر.س2.11 in 2Q 2022) Second quarter 2023 results: EPS: ر.س2.27 (up from ر.س2.11 in 2Q 2022). Revenue: ر.س974.9m (up 7.5% from 2Q 2022). Net income: ر.س181.6m (up 7.6% from 2Q 2022). Profit margin: 19% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 39% per year whereas the company’s share price has increased by 41% per year. Reported Earnings • Apr 07
Full year 2022 earnings released: EPS: ر.س8.11 (vs ر.س6.71 in FY 2021) Full year 2022 results: EPS: ر.س8.11 (up from ر.س6.71 in FY 2021). Revenue: ر.س3.71b (up 22% from FY 2021). Net income: ر.س648.8m (up 21% from FY 2021). Profit margin: 18% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 42% per year whereas the company’s share price has increased by 47% per year. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. Independent Vice Chairman Majed bin Abdulrahman Abdulateef Al-Issa was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Nov 12
Third quarter 2022 earnings released: EPS: ر.س3.08 (vs ر.س2.56 in 3Q 2021) Third quarter 2022 results: EPS: ر.س3.08 (up from ر.س2.56 in 3Q 2021). Revenue: ر.س1.00b (up 23% from 3Q 2021). Net income: ر.س246.5m (up 20% from 3Q 2021). Profit margin: 25% (in line with 3Q 2021). Over the last 3 years on average, earnings per share has increased by 43% per year and the company’s share price has also increased by 43% per year. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: ر.س2.11 (vs ر.س1.68 in 2Q 2021) Second quarter 2022 results: EPS: ر.س2.11 (up from ر.س1.68 in 2Q 2021). Revenue: ر.س907.2m (up 29% from 2Q 2021). Net income: ر.س168.7m (up 25% from 2Q 2021). Profit margin: 19% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improved over the past week After last week's 25% share price gain to ر.س229, the stock trades at a trailing P/E ratio of 32.8x. Average trailing P/E is 16x in the Media industry in Asia. Total returns to shareholders of 151% over the past three years. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment improved over the past week After last week's 17% share price gain to ر.س197, the stock trades at a trailing P/E ratio of 28.2x. Average trailing P/E is 16x in the Media industry in Asia. Total returns to shareholders of 112% over the past three years. Reported Earnings • May 26
First quarter 2022 earnings released: EPS: ر.س1.41 (vs ر.س1.14 in 1Q 2021) First quarter 2022 results: EPS: ر.س1.41 (up from ر.س1.14 in 1Q 2021). Revenue: ر.س786.3m (up 32% from 1Q 2021). Net income: ر.س112.5m (up 23% from 1Q 2021). Profit margin: 14% (down from 15% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 43% per year whereas the company’s share price has increased by 38% per year. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. Independent Vice Chairman Majed bin Abdulrahman Abdulateef Al-Issa was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Apr 08
Full year 2021 earnings released: EPS: ر.س6.71 (vs ر.س3.07 in FY 2020) Full year 2021 results: EPS: ر.س6.71 (up from ر.س3.07 in FY 2020). Revenue: ر.س3.05b (up 35% from FY 2020). Net income: ر.س537.0m (up 119% from FY 2020). Profit margin: 18% (up from 11% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Feb 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. Independent Vice Chairman Majed bin Abdulrahman Abdulateef Al-Issa was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS ر.س1.68 (vs ر.س0.94 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ر.س702.7m (up 26% from 2Q 2020). Net income: ر.س134.6m (up 79% from 2Q 2020). Profit margin: 19% (up from 14% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improved over the past week After last week's 16% share price gain to ر.س177, the stock trades at a trailing P/E ratio of 52x. Average trailing P/E is 22x in the Media industry in Asia. Total returns to shareholders of 62% over the past three years. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improved over the past week After last week's 15% share price gain to ر.س164, the stock trades at a trailing P/E ratio of 48.3x. Average trailing P/E is 23x in the Media industry in Asia. Total returns to shareholders of 88% over the past three years. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 25% share price gain to ر.س133, the stock trades at a trailing P/E ratio of 39.1x. Average trailing P/E is 23x in the Media industry in Asia. Total returns to shareholders of 48% over the past three years. Reported Earnings • May 29
First quarter 2021 earnings released: EPS ر.س1.14 (vs ر.س0.81 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ر.س596.8m (up 21% from 1Q 2020). Net income: ر.س91.5m (up 41% from 1Q 2020). Profit margin: 15% (up from 13% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 06
Full year 2020 earnings released: EPS ر.س3.07 (vs ر.س3.08 in FY 2019) The company reported a soft full year result with weaker revenues, although earnings and profit margins were flat. Full year 2020 results: Revenue: ر.س2.26b (down 6.6% from FY 2019). Net income: ر.س245.6m (flat on FY 2019). Profit margin: 11% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Nov 18
Third quarter 2020 earnings released: EPS ر.س0.96 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: ر.س578.3m (down 18% from 3Q 2019). Net income: ر.س76.5m (up 9.9% from 3Q 2019). Profit margin: 13% (up from 9.8% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Nov 13
New 90-day high: ر.س82.60 The company is up 35% from its price of ر.س61.40 on 13 August 2020. The Saudi market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 1.0% over the same period. Announcement • Oct 19
Saudi Research and Marketing Group Appoints Joumana Al Rashid as CEO The Saudi Research and Marketing Group has appointed Joumana Al Rashid as the new chief executive officer, the company announced in a statement making her the first Saudi woman to hold the position. The new CEO was previously a media adviser and communications director. Is New 90 Day High Low • Oct 15
New 90-day high: ر.س78.90 The company is up 30% from its price of ر.س60.90 on 16 July 2020. The Saudi market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 6.0% over the same period. Is New 90 Day High Low • Sep 29
New 90-day high: ر.س77.00 The company is up 22% from its price of ر.س62.90 on 01 July 2020. The Saudi market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 3.0% over the same period.