Reported Earnings • Apr 28
First quarter 2026 earnings released: EPS: 88.33 (vs 51.93 in 1Q 2025) First quarter 2026 results: EPS: 88.33 (up from 51.93 in 1Q 2025). Revenue: 14.5b (up 204% from 1Q 2025). Net income: 10.7b (up 70% from 1Q 2025). Profit margin: 74% (down from 132% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. New Risk • Mar 23
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 7.6% 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 (7.6% average weekly change). Minor Risk Market cap is less than US$100m (د.إ69.0m market cap, or US$18.8m). Announcement • Feb 25
Al Salam Bank - Sudan, Annual General Meeting, Mar 10, 2026 Al Salam Bank - Sudan, Annual General Meeting, Mar 10, 2026. New Risk • Dec 29
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 5.6% 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 (5.6% average weekly change). Profit margins are more than 30% lower than last year (48% net profit margin). Market cap is less than US$100m (د.إ77.5m market cap, or US$21.1m). Reported Earnings • Oct 17
Third quarter 2025 earnings released: EPS: 9.57 (vs 2.27 in 3Q 2024) Third quarter 2025 results: EPS: 9.57 (up from 2.27 in 3Q 2024). Revenue: 2.39b (down 67% from 3Q 2024). Net income: 1.16b (up 322% from 3Q 2024). Profit margin: 49% (up from 3.8% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 23
Second quarter 2025 earnings released: EPS: 33.50 (vs 62.72 in 2Q 2024) Second quarter 2025 results: EPS: 33.50 (down from 62.72 in 2Q 2024). Revenue: 5.98b (up 261% from 2Q 2024). Net income: 4.06b (down 47% from 2Q 2024). Profit margin: 68% (down from 459% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 24
First quarter 2025 earnings released: EPS: 51.93 (vs 29.86 in 1Q 2024) First quarter 2025 results: EPS: 51.93 (up from 29.86 in 1Q 2024). Revenue: 4.78b (up 130% from 1Q 2024). Net income: 6.30b (up 74% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 15
Third quarter 2024 earnings released: EPS: 2.27 (vs 5.00 loss in 3Q 2023) Third quarter 2024 results: EPS: 2.27 (up from 5.00 loss in 3Q 2023). Revenue: 7.20b (up 6.84b from 3Q 2023). Net income: 275.3m (up 772.3m from 3Q 2023). Profit margin: 3.8% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (14% average weekly change). Minor Risk Market cap is less than US$100m (د.إ69.0m market cap, or US$18.8m). Reported Earnings • Jul 20
Second quarter 2024 earnings released: EPS: 62.72 (vs 2.23 loss in 2Q 2023) Second quarter 2024 results: EPS: 62.72 (up from 2.23 loss in 2Q 2023). Net income: 7.61b (up 7.88b from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 11
First quarter 2024 earnings released: EPS: 29.86 (vs 6.57 in 1Q 2023) First quarter 2024 results: EPS: 29.86 (up from 6.57 in 1Q 2023). Net income: 3.62b (up 354% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 28
Full year 2023 earnings released: 3.19 loss per share (vs 21.06 profit in FY 2022) Full year 2023 results: 3.19 loss per share (down from 21.06 profit in FY 2022). Net loss: 386.7m (down 115% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Board Change • Feb 21
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. 1 highly experienced director. No independent directors (8 non-independent directors). Head of The Sharia'a Board Hussein Hassan was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Feb 21
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. 1 highly experienced director. No independent directors (8 non-independent directors). Head of The Sharia'a Board Hussein Hassan was the last director to join the board, commencing their role in 2022. 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 • Dec 09
Third quarter 2023 earnings released: 5.00 loss per share (vs 2.83 profit in 3Q 2022) Third quarter 2023 results: 5.00 loss per share (down from 2.83 profit in 3Q 2022). Net loss: 497.0m (down 245% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Board Change • Dec 08
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. 1 highly experienced director. No independent directors (8 non-independent directors). Head of The Sharia'a Board Hussein Hassan was the last director to join the board, commencing their role in 2022. 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 • Mar 10
Full year 2022 earnings released: EPS: 21.06 (vs 42.81 in FY 2021) Full year 2022 results: EPS: 21.06 (down from 42.81 in FY 2021). Revenue: 5.77b (down 16% from FY 2021). Net income: 2.55b (down 51% from FY 2021). Profit margin: 44% (down from 76% in FY 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 10
Full year 2022 earnings released: EPS: 21.06 (vs 42.81 in FY 2021) Full year 2022 results: EPS: 21.06 (down from 42.81 in FY 2021). Revenue: 5.77b (down 16% from FY 2021). Net income: 2.55b (down 51% from FY 2021). Profit margin: 44% (down from 76% in FY 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 20% share price gain to د.إ1.14, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 10x in the Banks industry in United Arab Emirates. Total loss to shareholders of 8.8% over the past three years. Buying Opportunity • Dec 07
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be د.إ1.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 109% over the last 3 years. Earnings per share has grown by 61%. Board Change • Nov 16
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. 1 highly experienced director. No independent directors (8 non-independent directors). Head of The Sharia'a Board Hussein Hassan was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Buying Opportunity • Nov 11
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be د.إ1.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 109% over the last 3 years. Earnings per share has grown by 61%. Reported Earnings • Nov 06
Third quarter 2022 earnings released: EPS: 2.83 (vs 0.24 loss in 3Q 2021) Third quarter 2022 results: EPS: 2.83 (up from 0.24 loss in 3Q 2021). Revenue: 1.18b (up 249% from 3Q 2021). Net income: 343.7m (up 372.3m from 3Q 2021). Profit margin: 29% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improved over the past week After last week's 18% share price gain to د.إ1.41, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 11x in the Banks industry in United Arab Emirates. Total returns to shareholders of 33% over the past three years. Board Change • Jul 21
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. 1 highly experienced director. No independent directors (8 non-independent directors). Head of The Sharia'a Board Hussein Hassan was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • May 25
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. 1 highly experienced director. No independent directors (8 non-independent directors). Head of The Sharia'a Board Hussein Hassan was the last director to join the board, commencing their role in 2022. 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 • May 14
First quarter 2022 earnings released: EPS: 18.46 (vs 36.14 in 1Q 2021) First quarter 2022 results: EPS: 18.46 (down from 36.14 in 1Q 2021). Revenue: 1.68b (up 440% from 1Q 2021). Net income: 2.24b (down 49% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Board Change • Apr 29
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. 1 highly experienced director. No independent directors (8 non-independent directors). Head of The Sharia'a Board Hussein Hassan was the last director to join the board, commencing their role in 2022. 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 • Apr 03
Full year 2021 earnings released: EPS: 42.81 (vs 2.70 in FY 2020) Full year 2021 results: EPS: 42.81 (up from 2.70 in FY 2020). Revenue: 6.87b (up 6.03b from FY 2020). Net income: 5.19b (up 4.86b from FY 2020). Profit margin: 76% (up from 39% 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 96% 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 • Feb 21
Investor sentiment improved over the past week After last week's 19% share price gain to د.إ1.69, the stock trades at a trailing P/E ratio of 4.7x. Average trailing P/E is 13x in the Banks industry in United Arab Emirates. Total returns to shareholders of 39% over the past three years. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improved over the past week After last week's 17% share price gain to د.إ1.55, the stock trades at a trailing P/E ratio of 4.3x. Average trailing P/E is 13x in the Banks industry in United Arab Emirates. Total returns to shareholders of 6.2% over the past three years. Reported Earnings • Nov 10
Third quarter 2021 earnings released: 0.24 loss per share (vs 1.11 profit in 3Q 2020) Third quarter 2021 results: Net loss: 28.6m (down 121% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Aug 19
Second quarter 2021 earnings released: EPS 7.80 (vs 0.38 in 2Q 2020) Second quarter 2021 results: Net income: 945.6m (up 899.1m from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 09
First quarter 2021 earnings released: EPS 36.15 (vs 1.59 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: 4.61b (up 4.50b from 1Q 2020). Net income: 4.38b (up 4.19b from 1Q 2020). Profit margin: 95% (down from 184% in 1Q 2020). The decrease in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 02
Full year 2020 earnings released: EPS 2.69 (vs 0.65 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: 701.1m (up 98% from FY 2019). Net income: 326.8m (up 317% from FY 2019). Profit margin: 47% (up from 22% in FY 2019). The increase in margin was driven by higher revenue. 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. Is New 90 Day High Low • Mar 08
New 90-day low: د.إ1.49 The company is down 12% from its price of د.إ1.70 on 08 December 2020. The Emirian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 8.0% over the same period. Is New 90 Day High Low • Feb 08
New 90-day low: د.إ1.58 The company is down 2.0% from its price of د.إ1.62 on 10 November 2020. The Emirian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 18% over the same period. Is New 90 Day High Low • Dec 16
New 90-day high: د.إ1.74 The company is up 15% from its price of د.إ1.51 on 17 September 2020. The Emirian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 10.0% over the same period. Is New 90 Day High Low • Nov 09
New 90-day high: د.إ1.70 The company is up 33% from its price of د.إ1.28 on 04 August 2020. The Emirian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 7.0% over the same period. Is New 90 Day High Low • Oct 19
New 90-day high: د.إ1.66 The company is up 31% from its price of د.إ1.27 on 13 July 2020. The Emirian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 9.0% over the same period. Is New 90 Day High Low • Sep 23
New 90-day high: د.إ1.65 The company is up 27% from its price of د.إ1.30 on 25 June 2020. The Emirian market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 6.0% over the same period.