Buy Or Sell Opportunity • Jul 29
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 31% to ر.س235. The fair value is estimated to be ر.س189, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.0% over the last 3 years. Earnings per share has declined by 7.2%. Reported Earnings • May 15
First quarter 2026 earnings released: EPS: ر.س0.40 (vs ر.س1.13 in 1Q 2025) First quarter 2026 results: EPS: ر.س0.40 (down from ر.س1.13 in 1Q 2025). Revenue: ر.س314.9m (down 22% from 1Q 2025). Net income: ر.س12.1m (down 64% from 1Q 2025). Profit margin: 3.9% (down from 8.3% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Aankondiging • May 06
Al Moammar Information Systems Company, Annual General Meeting, Jun 02, 2026 Al Moammar Information Systems Company, Annual General Meeting, Jun 02, 2026, at 18:30 Arab Standard Time. Location: riyadh Saudi Arabia New Risk • Apr 17
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 1,035% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.1x net interest cover). Minor Risk Large one-off items impacting financial results. Reported Earnings • Apr 13
Full year 2025 earnings released: EPS: ر.س3.20 (vs ر.س4.15 in FY 2024) Full year 2025 results: EPS: ر.س3.20 (down from ر.س4.15 in FY 2024). Revenue: ر.س1.27b (up 4.9% from FY 2024). Net income: ر.س96.1m (down 23% from FY 2024). Profit margin: 7.6% (down from 10% in FY 2024). The decrease in margin was driven by higher expenses. 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 12% per year, which means it is well ahead of earnings. Declared Dividend • Apr 04
Third quarter dividend of ر.س0.80 announced Shareholders will receive a dividend of ر.س0.80. Ex-date: 5th April 2026 Payment date: 12th April 2026 Dividend yield will be 2.0%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is not covered by earnings (179% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 20% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 98% to bring the payout ratio under control. However, EPS has declined by 1.4% over the last 5 years so the company would need to reverse this trend. Aankondiging • Apr 01
Al Moammar Information Systems Company announces Quarterly dividend, payable on April 12, 2026 Al Moammar Information Systems Company announced Quarterly dividend of SAR 0.8000 per share payable on April 12, 2026, ex-date on April 02, 2026 and record date on April 05, 2026. Valuation Update With 7 Day Price Move • Dec 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ر.س172, the stock trades at a trailing P/E ratio of 54.9x. Average trailing P/E is 25x in the IT industry in Saudi Arabia. Total returns to shareholders of 97% over the past three years. New Risk • Nov 17
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 23% 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 179% Paying a dividend despite having no free cash flows. High level of non-cash earnings (23% accrual ratio). Upcoming Dividend • Nov 05
Upcoming dividend of ر.س0.80 per share Eligible shareholders must have bought the stock before 12 November 2025. Payment date: 25 November 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.2%. Lower than top quartile of Saudi dividend payers (5.4%). Higher than average of industry peers (1.8%). Aankondiging • Aug 20
Al Moammar Information Systems Company announces Quarterly dividend, payable on September 07, 2025 Al Moammar Information Systems Company announced Quarterly dividend of SAR 0.8000 per share payable on September 07, 2025, ex-date on August 25, 2025 and record date on August 26, 2025. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: ر.س1.08 (vs ر.س1.06 in 2Q 2024) Second quarter 2025 results: EPS: ر.س1.08 (up from ر.س1.06 in 2Q 2024). Revenue: ر.س304.2m (down 13% from 2Q 2024). Net income: ر.س32.3m (up 1.7% from 2Q 2024). Profit margin: 11% (up from 9.1% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Board Change • Jul 31
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director AbdulKarim Al-Nafi was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Jul 29
Al Moammar Information Systems Company Announces Board Appointments Al Moammar Information Systems Company at the Ordinary General Assembly Meeting held on July 28, 2025, the following Board of Directors was elected from among the candidates for the next term, which begins on July 29, 2025. The term is four years, ending on July 30, 2029. They are: Mr. Saud bin Khaled Al-Moammar; Mr. Abdullah bin Ibrahim Al-Moammar. Aankondiging • Jun 19
An undisclosed buyer acquired an unknown minority stake in Anthropic PBC from Al Moammar Information Systems Company (SASE:7200) for $9.3 million. An undisclosed buyer acquired an unknown minority stake in Anthropic PBC from Al Moammar Information Systems Company (SASE:7200) for $9.3 million on June 18, 2025.
An undisclosed buyer completed the acquisition of an unknown minority stake in Anthropic PBC from Al Moammar Information Systems Company (SASE:7200) on June 18, 2025. Reported Earnings • May 22
First quarter 2025 earnings released: EPS: ر.س1.13 (vs ر.س2.44 in 1Q 2024) First quarter 2025 results: EPS: ر.س1.13 (down from ر.س2.44 in 1Q 2024). Revenue: ر.س405.6m (up 22% from 1Q 2024). Net income: ر.س33.8m (down 54% from 1Q 2024). Profit margin: 8.3% (down from 22% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • May 14
Al Moammar Information Systems Company, Annual General Meeting, Jun 04, 2025 Al Moammar Information Systems Company, Annual General Meeting, Jun 04, 2025, at 20:30 Arab Standard Time. Location: riyadh Saudi Arabia Reported Earnings • Apr 15
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: ر.س4.15 (up from ر.س0.47 in FY 2023). Revenue: ر.س1.21b (down 17% from FY 2023). Net income: ر.س124.4m (up ر.س110.4m from FY 2023). Profit margin: 10% (up from 1.0% in FY 2023). Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 11%. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 6% per year. Aankondiging • Apr 04
Al Moammar Information Systems Co. Announces to Distribute Cash Dividends for Fiscal Year 2024, Distribution Date is April 23, 2025 Al Moammar Information Systems Co. announced the board of director's decision to distribute cash dividends for Fiscal Year 2024. The Total amount distributed is SAR 96,000,000. Distribution Date is April 23, 2025 and Eligibility date is April 09, 2025. The company also note that the shareholder’s entitlement per share is SAR 3.20, representing SAR 0.80 per share for each quarter. Aankondiging • Feb 25
An undisclosed buyer acquired an unknown minority stake in OpenAI, L.L.C. from Al Moammar Information Systems Company (SASE:7200) for $8.4 million. An undisclosed buyer acquired an unknown minority stake in OpenAI, L.L.C. from Al Moammar Information Systems Company (SASE:7200) for $8.4 million on February 24, 2025. A cash consideration of $8.4 million will be paid by the buyer.
An undisclosed buyer completed the acquisition of an unknown minority stake in OpenAI, L.L.C. from Al Moammar Information Systems Company (SASE:7200). New Risk • Nov 27
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 176% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Earnings have declined by 2.4% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. New Risk • Oct 18
New major risk - Revenue and earnings growth Earnings have declined by 4.3% 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 Interest payments are not well covered by earnings (0.3x net interest cover). Earnings have declined by 4.3% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.5% net profit margin). Reported Earnings • Aug 21
Second quarter 2024 earnings released: EPS: ر.س1.42 (vs ر.س1.65 in 2Q 2023) Second quarter 2024 results: EPS: ر.س1.42 (down from ر.س1.65 in 2Q 2023). Revenue: ر.س350.5m (down 6.0% from 2Q 2023). Net income: ر.س42.6m (down 14% from 2Q 2023). Profit margin: 12% (down from 13% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • May 23
First quarter 2024 earnings released: EPS: ر.س2.44 (vs ر.س1.55 in 1Q 2023) First quarter 2024 results: EPS: ر.س2.44 (up from ر.س1.55 in 1Q 2023). Revenue: ر.س333.5m (down 24% from 1Q 2023). Net income: ر.س73.1m (up 57% from 1Q 2023). Profit margin: 22% (up from 11% in 1Q 2023). Revenue is expected to decline by 6.3% p.a. on average during the next 2 years, while revenues in the IT industry in Asia are expected to grow by 8.3%. 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 17% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 05
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: ر.س0.47 (down from ر.س3.20 in FY 2022). Revenue: ر.س1.46b (up 85% from FY 2022). Net income: ر.س14.0m (down 85% from FY 2022). Profit margin: 1.0% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) also missed analyst estimates by 74%. Revenue is expected to decline by 8.5% p.a. on average during the next 3 years, while revenues in the IT industry in Asia are expected to grow by 9.0%. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 16% per year. Price Target Changed • Dec 15
Price target decreased by 7.3% to ر.س128 Down from ر.س138, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of ر.س127. Stock is up 38% over the past year. The company is forecast to post earnings per share of ر.س1.80 for next year compared to ر.س3.20 last year. New Risk • Nov 20
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: 5.1% Last year net profit margin: 10% 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 95% Paying a dividend despite having no free cash flows. High level of non-cash earnings (30% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.9% average weekly change). Profit margins are more than 30% lower than last year (5.1% net profit margin). Reported Earnings • Nov 20
Third quarter 2023 earnings released: ر.س2.31 loss per share (vs ر.س0.84 profit in 3Q 2022) Third quarter 2023 results: ر.س2.31 loss per share (down from ر.س0.84 profit in 3Q 2022). Revenue: ر.س361.2m (up 82% from 3Q 2022). Net loss: ر.س69.4m (down 377% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Oct 30
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 5.4% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 11% per year for the foreseeable future. High level of non-cash earnings (42% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.4% average weekly change). New Risk • Aug 23
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 12% per year for the foreseeable future. High level of non-cash earnings (42% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Aug 23
Second quarter 2023 earnings released: EPS: ر.س1.65 (vs ر.س0.56 in 2Q 2022) Second quarter 2023 results: EPS: ر.س1.65 (up from ر.س0.56 in 2Q 2022). Revenue: ر.س372.7m (up 118% from 2Q 2022). Net income: ر.س49.5m (up 194% from 2Q 2022). Profit margin: 13% (up from 9.8% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 10% p.a. on average during the next 3 years, while revenues in the IT industry in Asia are expected to grow by 9.0%. 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 63% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jul 23
Upcoming dividend of ر.س1.50 per share at 1.8% yield Eligible shareholders must have bought the stock before 30 July 2023. Payment date: 09 August 2023. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Saudi dividend payers (4.2%). Higher than average of industry peers (1.1%). New Risk • Jun 09
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.9% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Risk Earnings are forecast to decline by an average of 5.9% per year for the foreseeable future. Minor Risk High level of debt (67% net debt to equity). Aankondiging • Jan 13
Al Moammar Information Systems Co. ( MIS ) Announces Update on Al Moammar Information Systems Co. Announces A Commercial Case Against the Company Al Moammar Information Systems Company announced Where the plaintiff company (ETTESAQ LIMITED COMPANY.) filed a lawsuit against the company, claiming compensation in the amount of 65,469,447 riyals, including 15% value-added tax, in addition to an amount of 300,000 riyals for the lawyer's fees. Note that the basic initial value of the agreement signed between Al Moammar Information Systems Company and the plaintiff company is 367,000 riyals (three hundred and sixty-seven thousand riyals only) with an item for additional work in case the final beneficiary requests the activation of that item Al Moammar Information Systems Company announced the issuance of a preliminary court ruling to dismiss the lawsuit in the commercial case filed against the company. Aankondiging • Jan 11
Al Moammar Information Systems Company Announces Cash Dividend for the Second Half of the Fiscal Year 2022 Al Moammar Information Systems announced the distribution of cash dividend of SAR 1.20 per share to shareholders for the second half of the fiscal year 2022. The total amount of distribution is SAR 36 million. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: ر.س0.84 (vs ر.س0.64 in 3Q 2021) Third quarter 2022 results: EPS: ر.س0.84 (up from ر.س0.64 in 3Q 2021). Revenue: ر.س198.8m (down 25% from 3Q 2021). Net income: ر.س25.1m (up 32% from 3Q 2021). Profit margin: 13% (up from 7.2% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 2 years compared to a 10% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 57% per year, which means it is well ahead of earnings. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: ر.س0.84 (vs ر.س0.64 in 3Q 2021) Third quarter 2022 results: EPS: ر.س0.84 (up from ر.س0.64 in 3Q 2021). Revenue: ر.س198.8m (down 25% from 3Q 2021). Net income: ر.س25.1m (up 32% from 3Q 2021). Profit margin: 13% (up from 7.2% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 2 years compared to a 10% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 57% per year, which means it is well ahead of earnings. Aankondiging • Oct 21
Al Moammar Information Systems Company Announces Board Changes Al Moammar Information Systems Company announced the resignation of a member of the Board of Directors, His Excellency Mr. Abdullah Mohammad Abdullah Bin Moammar (non-executive member), and the Board of Directors has agreed to accept the resignation from the membership of the Board. Aankondiging • Oct 18
Al Moammar Information Systems Company Appoints Abdullah Ghazi Al-Ghamdi as CEO Al Moammar Information Systems Company (MIS) announced that based on the recommendations of the Nomination and Remuneration Committee, the MIS Board of Directors has decided to appoint the designated CEO, Dr. Abdullah Ghazi Al-Ghamdi, as the CEO of the MIS company. Date Work Commencement is October 16, 2022. Dr. Abdullah Ghazi Al-Ghamdi has more than 25 years of experience in the technical, administrative, and business development fields, where he obtained his doctorate from the Faculty of Electrical and Electronic Engineering from the University of Wales Britain, a professional engineer certificate from the British Council of Engineers and the European Engineering Organization, a fellowship from the Engineering and Technology Organization (IET), the United Kingdom, and a higher member of the American Electrical and Electronics Engineers Organization (IEEE) and obtaining professional certificates in the project and program management, and he also participated in the membership of several boards of directors He chaired several high and executive committees and held several senior technical and administrative positions. He also participated in and headed several development programs for digital transformation and worked as a consultant in several agencies. Dr. Al-Ghamdi is currently the CEO of Excellence for Application Solutions for Information Technology " MIS FORWARD", which is 100% owned by Al-Moammar. Aankondiging • Oct 11
Al Moammar Information Systems Company Announces the Resignation of the Board Member, Eng Ziad Mortaja (Executive Member) Al Moammar Information Systems Company (MIS) announces the resignation of the Board member, Eng Ziad Mortaja (Executive Member). The Board has approved the resignation on Rabi' Al-Awal 13, 1444 AH, corresponding to October 09, 2022. Resignation Submission Date: October 06, 2022. Reasons of Resignation: Personal reasons. Upcoming Dividend • Sep 26
Upcoming dividend of ر.س1.20 per share Eligible shareholders must have bought the stock before 03 October 2022. Payment date: 13 October 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.6%. Lower than top quartile of Saudi dividend payers (4.7%). Higher than average of industry peers (1.9%). Reported Earnings • Sep 06
Second quarter 2022 earnings released: EPS: ر.س0.56 (vs ر.س0.35 in 2Q 2021) Second quarter 2022 results: EPS: ر.س0.56 (up from ر.س0.35 in 2Q 2021). Revenue: ر.س171.0m (down 31% from 2Q 2021). Net income: ر.س16.8m (up 62% from 2Q 2021). Profit margin: 9.8% (up from 4.2% in 2Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 2 years, compared to a 10% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 53% per year, which means it is well ahead of earnings. Aankondiging • Jul 19
Al-Moammar Information Systems Company Announces Executive Changes Al Moammar Information Systems Company announced Appointment of Mr. /Khalid Bin Abdullah Al Moammar - (Non-Executive) - as Chairman of the Board of Directors. Appointment of Mr. /Ibrahim Bin Abdullah Al Moammar - (Non-Executive) as Vice Chairman of the Board of Directors. Appointment of Mrs. /Sara Mohammed Al Otaibi - Secretary of the Board of Directors. Mr. Farraj Bin Mansour Abothenain, (Chairman of the Nomination and Remuneration Committee) Mr. Mohammed Bin Abdullah Al Hagbani, (member of Nomination and Remuneration Committee outside the Board of Directors). Mr. Ibrahim Bin Abdulla Al Moammar, Non-Executive (Member of Nomination and Remuneration Committee). Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ر.س93.00, the stock trades at a trailing P/E ratio of 44.9x. Average forward P/E is 19x in the IT industry in Saudi Arabia. Total returns to shareholders of 201% over the past three years. Aankondiging • Jun 01
Al Moammar Information Systems Company, Annual General Meeting, Jun 22, 2022 Al Moammar Information Systems Company, Annual General Meeting, Jun 22, 2022, at 15:30 Coordinated Universal Time. Reported Earnings • May 26
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: ر.س0.18 (down from ر.س0.37 in 1Q 2021). Revenue: ر.س106.6m (down 26% from 1Q 2021). Net income: ر.س4.60m (down 51% from 1Q 2021). Profit margin: 4.3% (down from 6.5% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 42%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 56% per year, which means it is well ahead of earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Abdullah Muhanna Al-Moaibed was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 13
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: ر.س2.26 (down from ر.س3.25 in FY 2020). Revenue: ر.س638.8m (down 5.3% from FY 2020). Net income: ر.س56.5m (down 31% from FY 2020). Profit margin: 8.8% (down from 12% in FY 2020). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 108%, compared to a 15% growth forecast for the industry in Saudi Arabia. Upcoming Dividend • Feb 22
Upcoming dividend of ر.س1.00 per share Eligible shareholders must have bought the stock before 01 March 2022. Payment date: 14 March 2022. Payout ratio is a comfortable 65% and the cash payout ratio is 93%. Trailing yield: 1.3%. Lower than top quartile of Saudi dividend payers (4.4%). In line with average of industry peers (1.4%). Aankondiging • Feb 01
Al Moammar Information Systems Company Announces Cash Dividend for the Second Half of 2021 Al Moammar Information Systems Company Announced cash dividend for The second half of 2021. The total amount distributed is SAR 25 Million. Dividend per share is SAR 1 and 10% of Dividend to the Share Par Value. Distribution Date is March 14, 2022. Eligibility date of February 28, 2022. Aankondiging • Jan 20
Al Moammar Information Systems Co. Announces the Launch of the Commercial Operation of the Helix Service Al Moammar Information Systems Co. announced the launch of the commercial operation of the Helix service, which will be available through Al Moammar Information Systems Company, starting from January 20, 2022 AD. Note that this comes in line with the strategic plan by Al- Moammar Information Systems Company to establish strategic partnerships with global technology companies to provide their services by hosting their solutions on the local cloud computing environment of the company affiliated to Al- Moammar Information Systems Company, Edarat Communications, and Information Technology Company inside the Kingdom of Saudi Arabia. Aankondiging • Dec 15
Al Moammar Information Systems Announces Commercial Operation Launching Artificial Intelligence, Machine Learning, and Big Data Solutions Al Moammar Information Systems Company announce that it has launched on December 13, 2021, DataRobot solutions and applications through MIS Cloud services inside the Kingdom, where it is hosted and managed by MIS, to meet all the needs of Artificial Intelligence applications and automated machine learning in data science, for government agencies, large and medium companies. The customers will benefit from DataRobot solutions and services on the local cloud to enhance artificial intelligence services and support and decision-making through automated machine learning operations in Big Data. This comes in line with the strategic plan of MIS to establish strategic partnerships with international technology companies to provide their services by hosting their solutions on local data centers within the Kingdom. Reported Earnings • Oct 30
Third quarter 2021 earnings released: EPS ر.س0.76 (vs ر.س0.90 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: ر.س265.9m (up 13% from 3Q 2020). Net income: ر.س19.0m (down 15% from 3Q 2020). Profit margin: 7.2% (down from 9.6% in 3Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Jul 29
Second quarter 2021 earnings released: EPS ر.س0.42 (vs ر.س0.98 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ر.س247.8m (down 22% from 2Q 2020). Net income: ر.س10.4m (down 57% from 2Q 2020). Profit margin: 4.2% (down from 7.6% in 2Q 2020). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improved over the past week After last week's 15% share price gain to ر.س142, the stock trades at a trailing P/E ratio of 39.7x. Average trailing P/E is 27x in the IT industry in Asia. Total returns to shareholders of 270% over the past year. Aankondiging • May 27
Al Moammar Information Systems Company Approves Dividend for the Fiscal Year Ended December 31, 2020 Al Moammar Information Systems Company announced that at its AGM held on May 26, 2021, shareholders approved the dividend for the fiscal year ended December 31, 2020 of SAR 2.10 per share totaling SAR 42,000,000. Reported Earnings • May 02
First quarter 2021 earnings released: EPS ر.س0.64 (vs ر.س0.68 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: ر.س223.5m (down 2.0% from 1Q 2020). Net income: ر.س16.0m (down 5.2% from 1Q 2020). Profit margin: 7.2% (down from 7.4% in 1Q 2020). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment deteriorated over the past week After last week's 20% share price decline to ر.س117, the stock trades at a trailing P/E ratio of 32.4x. Average trailing P/E is 29x in the IT industry in Asia. Total returns to shareholders of 250% over the past year. Aankondiging • Mar 10
Al Moammar Information Systems Company Signs Memorandum of Understanding with King Saud University Health Company to Work on Providing Medical Services Through Virtual Clinics Al Moammar Information Systems Company (MIS) announced the signing of a memorandum of understanding with King Saud University Health Company to work on developing a framework between them to provide medical services through virtual clinics and establish and operate virtual medical clinics to provide remote treatment methods that allow individuals (reviewers), facilities and practitioners By interacting and communicating with health care providers, serving the beneficiaries, facilitating procedures, increasing the efficiency and effectiveness of the health agency, and producing satisfactory solutions for remote treatment. Memorandum Signing Date Counterparty: 2021-03-08 Corresponding to 1442-07-24. King Saud University Health Company. Memorandum Subject: Providing medical services through virtual clinics, establishing and operating virtual medical clinics to provide means of remote treatment that allow individuals (reviewers), facilities, and health practitioners to interact and communicate with health care providers, serve their beneficiaries, facilitate procedures, increase the efficiency and effectiveness of the health agency, and produce satisfactory solutions for remote treatment. Memorandum Duration: Six months from the date of signing. Related Parties: There are no related parties. Financial Impact: The financial impacts cant be determined at this stage further agreement with financial obligation will reveal financial feasibility. This memorandum is in line with what was previously announced on 21-02-2021 about Al-Muammar Information Systems signing an agreement with (In Touch Health), one of the global Tilladoc Health Group companies that are a pioneer in communication and medicine technologies used. One of the largest health service providers in the world on 21-02-2021, to establish virtual clinics by building a digital system using cloud technology, with the aim of providing virtual health and medical services inside and outside the Kingdom of Saudi Arabia. Aankondiging • Mar 01
Al Moammar Information Systems Co. Signs Memorandum of Understanding with Abunayyan Holding Group Al Moammar Information Systems Company (MIS) that as part of its expansion and development strategy, it has signed a non-binding memorandum of understanding with Abunayyan Holding Group to establish a joint venture company (50% - 50%) with the aim of exploring the feasibility of building and developing green data centers based on renewable energy in the Kingdom in line with the trends of the Kingdom and the world in this field. The MOU provides a general framework to facilitate cooperation between the two parties to launch a joint company to establish Data Centers that work entirely on clean and sustainable energy. Reported Earnings • Feb 27
Full year 2020 earnings released: EPS ر.س4.52 (vs ر.س3.80 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ر.س1.02b (up 1.9% from FY 2019). Net income: ر.س90.4m (up 19% from FY 2019). Profit margin: 8.9% (up from 7.6% in FY 2019). Is New 90 Day High Low • Feb 15
New 90-day high: ر.س135 The company is up 60% from its price of ر.س84.40 on 17 November 2020. The Saudi market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 6.0% over the same period. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improved over the past week After last week's 17% share price gain to ر.س123, the stock is trading at a trailing P/E ratio of 24.5x, up from the previous P/E ratio of 21x. This compares to an average P/E of 26x in the IT industry in Asia. Total returns to shareholders over the past year are 238%. Is New 90 Day High Low • Jan 25
New 90-day high: ر.س101 The company is up 36% from its price of ر.س74.30 on 27 October 2020. The Saudi market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 8.0% over the same period. Aankondiging • Jan 22
Al Moammar Information Systems Company Announces Contract Sign Off with Albawani Ltd and Shibh Al-Jazira Jv Al Moammar Information Systems Company announced that it has signed a contract on January 21, 2021 with (Albawani ltd and Shibh Al-jazira JV) to Design, supply and implementation work installation and all UPS, adjust, test, deliver and ensure all electronic business systems, light current and three MTR units with their requirements,The value of the contract is 53,768,737.60 Saudi riyal (fifty-three million seven hundred sixty-eight thousand seven hundred thirty-seven and 60 Halalah including VAT. for a period of 1 year from the date of site Handover to MIS. Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improved over the past week After last week's 16% share price gain to ر.س97.00, the stock is trading at a trailing P/E ratio of 19.3x, up from the previous P/E ratio of 16.6x. This compares to an average P/E of 26x in the IT industry in Asia. Total returns to shareholders over the past year are 177%.