New Risk • Aug 12
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 27% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company. New Risk • Aug 03
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 Emirian stocks, typically moving 5.0% 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 (5.0% average weekly change). Large one-off items impacting financial results. Reported Earnings • Aug 01
Second quarter 2026 earnings released: EPS: د.إ0.028 (vs د.إ0.011 loss in 2Q 2025) Second quarter 2026 results: EPS: د.إ0.028 (up from د.إ0.011 loss in 2Q 2025). Revenue: د.إ716.0k (down 76% from 2Q 2025). Net income: د.إ2.99m (up د.إ4.17m from 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 77% per year, which means it is well ahead of earnings. Reported Earnings • May 20
First quarter 2026 earnings released First quarter 2026 results: Net loss: د.إ7.62m (loss widened 306% from 1Q 2025). New Risk • May 17
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 15% Last year net profit margin: 59% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Announcement • Mar 04
Al Khaleej Investment P.J.S.C., Annual General Meeting, Mar 26, 2026 Al Khaleej Investment P.J.S.C., Annual General Meeting, Mar 26, 2026, at 12:00 Arabian Standard Time. Location: the h dubai hotel, dubai United Arab Emirates Reported Earnings • Feb 06
Full year 2025 earnings released: EPS: د.إ0.04 (vs د.إ0.11 in FY 2024) Full year 2025 results: EPS: د.إ0.04 (down from د.إ0.11 in FY 2024). Revenue: د.إ9.38m (down 45% from FY 2024). Net income: د.إ4.65m (down 59% from FY 2024). Profit margin: 50% (down from 66% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 82% per year, which means it is well ahead of earnings. Announcement • Feb 02
Al Khaleej Investment P.J.S.C. to Report Fiscal Year 2025 Results on Feb 05, 2026 Al Khaleej Investment P.J.S.C. announced that they will report fiscal year 2025 results on Feb 05, 2026 Announcement • Nov 03
Al Khaleej Investment P.J.S.C. to Report Q3, 2026 Results on Nov 06, 2025 Al Khaleej Investment P.J.S.C. announced that they will report Q3, 2026 results on Nov 06, 2025 Reported Earnings • Aug 10
Second quarter 2025 earnings released: د.إ0.011 loss per share (vs د.إ0.01 profit in 2Q 2024) Second quarter 2025 results: د.إ0.011 loss per share (down from د.إ0.01 profit in 2Q 2024). Revenue: د.إ3.01m (down 31% from 2Q 2024). Net loss: د.إ1.19m (down 211% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 75% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 14
First quarter 2025 earnings released: د.إ0.018 loss per share (vs د.إ0.044 profit in 1Q 2024) First quarter 2025 results: د.إ0.018 loss per share (down from د.إ0.044 profit in 1Q 2024). Revenue: د.إ3.10m (down 28% from 1Q 2024). Net loss: د.إ1.88m (down 141% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Announcement • Apr 17
Al Khaleej Investment P.J.S.C. Announces Appointment of Omar Siraj M Qandeel As a New Board Member Al Khaleej Investment P.J.S.C. announced appointment of Omar Siraj M Qandeel as a New Board Member. Description of the appointed member or members (executive, non-executive, independent): INDEPENDENT . Membership Starting Date: April 17, 2025 . A brief summary of the appointed member(s): Mr. Omar is specialized in project development and consulting for European and Asian corporations doing business in the Middle East and North Africa. Omar developed manufacturing and distribution projects for European corporations in the food and packing industry looking to expand their operations to the Middle East. Early in his career, he was involved in various research work in the public and private sectors. Omar holds a Bachelor of Science Degree in Physics from the University of California at Berkeley and a Master of Science Degree in Geological Sciences from the .University of Southern California. New Risk • Apr 08
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 Emirian 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.9% average weekly change). Minor Risks Large one-off items impacting financial results. Revenue is less than US$5m (د.إ17m revenue, or US$4.6m). Reported Earnings • Mar 12
Full year 2024 earnings released: EPS: د.إ0.11 (vs د.إ0.018 in FY 2023) Full year 2024 results: EPS: د.إ0.11 (up from د.إ0.018 in FY 2023). Revenue: د.إ17.0m (flat on FY 2023). Net income: د.إ11.3m (up 493% from FY 2023). Profit margin: 66% (up from 11% in FY 2023). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 04
Al Khaleej Investment P.J.S.C. to Report Fiscal Year 2024 Results on Mar 06, 2025 Al Khaleej Investment P.J.S.C. announced that they will report fiscal year 2024 results on Mar 06, 2025 Valuation Update With 7 Day Price Move • Nov 27
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to د.إ3.85, the stock trades at a trailing P/E ratio of 33.3x. Average trailing P/E is 10x in the Real Estate industry in United Arab Emirates. Total returns to shareholders of 250% over the past three years. Reported Earnings • Nov 13
Third quarter 2024 earnings released: EPS: د.إ0.07 (vs د.إ0.027 in 3Q 2023) Third quarter 2024 results: EPS: د.إ0.07 (up from د.إ0.027 in 3Q 2023). Revenue: د.إ4.47m (up 8.6% from 3Q 2023). Net income: د.إ6.88m (up 140% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 57% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to د.إ4.18, the stock trades at a trailing P/E ratio of 54.1x. Average trailing P/E is 12x in the Real Estate industry in United Arab Emirates. Total returns to shareholders of 248% over the past three years. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to د.إ1.91, the stock trades at a trailing P/E ratio of 24.7x. Average trailing P/E is 11x in the Real Estate industry in United Arab Emirates. Total returns to shareholders of 59% over the past three years. Reported Earnings • Aug 07
Second quarter 2024 earnings released: EPS: د.إ0.01 (vs د.إ0.012 in 2Q 2023) Second quarter 2024 results: EPS: د.إ0.01 (down from د.إ0.012 in 2Q 2023). Revenue: د.إ4.39m (up 4.1% from 2Q 2023). Net income: د.إ1.07m (down 18% from 2Q 2023). Profit margin: 24% (down from 31% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 30
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to د.إ2.20, the stock trades at a trailing P/E ratio of 27.7x. Average trailing P/E is 10x in the Real Estate industry in United Arab Emirates. Total returns to shareholders of 83% over the past three years. Reported Earnings • May 08
First quarter 2024 earnings released: EPS: د.إ0.04 (vs د.إ0.017 loss in 1Q 2023) First quarter 2024 results: EPS: د.إ0.04 (up from د.إ0.017 loss in 1Q 2023). Revenue: د.إ4.27m (flat on 1Q 2023). Net income: د.إ4.61m (up د.إ6.44m from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 07
Full year 2023 earnings released: EPS: د.إ0.018 (vs د.إ0.051 in FY 2022) Full year 2023 results: EPS: د.إ0.018 (down from د.إ0.051 in FY 2022). Revenue: د.إ16.9m (down 5.8% from FY 2022). Net income: د.إ1.91m (down 64% from FY 2022). Profit margin: 11% (down from 30% in FY 2022). Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Announcement • Feb 06
Al Khaleej Investment P.J.S.C., Annual General Meeting, Feb 29, 2024 Al Khaleej Investment P.J.S.C., Annual General Meeting, Feb 29, 2024, at 06:00 Coordinated Universal Time. Location: DoubleTree by Hilton Resort Marjan Island Ras Al Khaimah Ras AI Khaimah United Arab Emirates Agenda: To discuss delegate the Chairman of the General Assembly meeting to appoint secretary to the meeting and one or more persons as a vote collector; to discuss Listen to and approve the Board of Directors' Report on the Company's activity and its financial position for the fiscal year ended on 31-12-2023; to discuss listen to and approve the Auditor's Report for the fiscal year ended on 31-12-2023; to approve the Company's balance sheet and profit and loss account for the fiscal year ended on 31-12-2023; and to discuss other matters. Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to د.إ3.02, the stock trades at a trailing P/E ratio of 33.5x. Average trailing P/E is 16x in the Real Estate industry in United Arab Emirates. Total returns to shareholders of 175% over the past three years. Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to د.إ2.07, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 16x in the Real Estate industry in United Arab Emirates. Total returns to shareholders of 88% over the past three years. New Risk • Nov 20
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 Emirian stocks, typically moving 6.5% 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. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Large one-off items impacting financial results. Revenue is less than US$5m (د.إ17m revenue, or US$4.6m). Market cap is less than US$100m (د.إ131.3m market cap, or US$35.7m). Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to د.إ1.25, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 14x in the Real Estate industry in United Arab Emirates. Total returns to shareholders of 14% over the past three years. Reported Earnings • Nov 11
Third quarter 2023 earnings released: EPS: د.إ0.03 (vs د.إ0.033 in 3Q 2022) Third quarter 2023 results: EPS: د.إ0.03 (down from د.إ0.033 in 3Q 2022). Revenue: د.إ4.12m (down 10% from 3Q 2022). Net income: د.إ2.86m (down 18% from 3Q 2022). Profit margin: 70% (down from 76% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 05
Second quarter 2023 earnings released: EPS: د.إ0.012 (vs د.إ0.002 in 2Q 2022) Second quarter 2023 results: EPS: د.إ0.012 (up from د.إ0.002 in 2Q 2022). Revenue: د.إ4.21m (down 9.4% from 2Q 2022). Net income: د.إ1.31m (up 499% from 2Q 2022). Profit margin: 31% (up from 4.7% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Feb 08
Al Khaleej Investment P.J.S.C., Annual General Meeting, Mar 01, 2023 Al Khaleej Investment P.J.S.C., Annual General Meeting, Mar 01, 2023, at 07:00 Coordinated Universal Time. Location: DoubleTree by Hilton Resort Marjan Island Ras Al Khaimah United Arab Emirates Agenda: To relegate the Chairman of the General Assembly meeting to appoint secretary to the meeting and one or more persons as a vote collector; to approve the appointment of Mr. Raman Garg as a member of the Board of Directors; to listen to and approve the Board of Directors’ Report on the Company’s activity and its financial position for the fiscal year ended on December 31, 2022; to listen to and approve the Auditor’s Report for the fiscal year ended on December 31, 2022; to discuss and approve the Company’s balance sheet and profit and loss account for the fiscal year ended on December 31, 2022; to discharge the members of the Board of Directors for the fiscal year ended on December 31, 2022; to discharge the auditors for the fiscal year ended on December 31, 2022; and to consider other matters. Reported Earnings • Feb 08
Full year 2022 earnings released: EPS: د.إ0.05 (vs د.إ0.12 in FY 2021) Full year 2022 results: EPS: د.إ0.05 (down from د.إ0.12 in FY 2021). Revenue: د.إ17.9m (up 6.1% from FY 2021). Net income: د.إ5.35m (down 56% from FY 2021). Profit margin: 30% (down from 73% in FY 2021). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: د.إ0.03 (vs د.إ0.051 in 3Q 2021) Third quarter 2022 results: EPS: د.إ0.03 (down from د.إ0.051 in 3Q 2021). Net income: د.إ3.50m (down 35% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 17
Second quarter 2022 earnings released: EPS: د.إ0.002 (vs د.إ0.038 in 2Q 2021) Second quarter 2022 results: EPS: د.إ0.002 (down from د.إ0.038 in 2Q 2021). Net income: د.إ218.2k (down 95% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • May 12
First quarter 2022 earnings released: د.إ0.05 loss per share (vs د.إ0.076 profit in 1Q 2021) First quarter 2022 results: د.إ0.05 loss per share (down from د.إ0.076 profit in 1Q 2021). Net loss: د.إ5.48m (down 169% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Vice Chairman Ahmed Abdullah Salem Al Hosni was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Feb 16
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: د.إ0.12 (up from د.إ0.29 loss in FY 2020). Revenue: د.إ16.9m (down 12% from FY 2020). Net income: د.إ12.3m (up د.إ42.6m from FY 2020). Profit margin: 73% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 15% 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 • Nov 09
Third quarter 2021 earnings released: EPS د.إ0.05 (vs د.إ0.065 in 3Q 2020) Third quarter 2021 results: Net income: د.إ5.37m (down 21% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 53% 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. Reported Earnings • Aug 05
Second quarter 2021 earnings released: EPS د.إ0.04 (vs د.إ0.036 in 2Q 2020) Second quarter 2021 results: Net income: د.إ4.01m (up 6.5% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Reported Earnings • May 12
First quarter 2021 earnings released: EPS د.إ0.12 (vs د.إ0.095 loss in 1Q 2020) First quarter 2021 results: Net income: د.إ7.97m (up د.إ17.9m from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Announcement • Mar 19
Al Khaleej Investment P.J.S.C., Annual General Meeting, Apr 08, 2021 Al Khaleej Investment P.J.S.C., Annual General Meeting, Apr 08, 2021. Agenda: To consider appointment of auditor and their fees. Reported Earnings • Mar 11
Full year 2020 earnings released: د.إ0.29 loss per share (vs د.إ0.33 loss in FY 2019) Full year 2020 results: Net loss: د.إ30.3m (loss narrowed 13% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 15
New 90-day high: د.إ1.26 The company is up 15% from its price of د.إ1.10 on 17 November 2020. The Emirian market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Real Estate industry, which is up 17% over the same period.