New Risk • Apr 17
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 6.7% 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 Earnings have declined by 24% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Large one-off items impacting financial results. New Risk • Apr 08
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 95% 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 Earnings have declined by 24% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Announcement • Apr 06
Al Buhaira National Insurance Company P.S.C., Annual General Meeting, Apr 25, 2026 Al Buhaira National Insurance Company P.S.C., Annual General Meeting, Apr 25, 2026, at 11:00 Arabian Standard Time. Location: sharjah United Arab Emirates Reported Earnings • Apr 03
Full year 2025 earnings released: EPS: د.إ0.023 (vs د.إ0.15 loss in FY 2024) Full year 2025 results: EPS: د.إ0.023 (up from د.إ0.15 loss in FY 2024). Revenue: د.إ730.1m (up 29% from FY 2024). Net income: د.إ5.67m (up د.إ42.6m from FY 2024). Profit margin: 0.8% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. New Risk • Mar 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 Emirian stocks, typically moving 5.8% 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 Earnings have declined by 33% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (5.8% average weekly change). Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to د.إ2.50, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 8x in the Insurance industry in United Arab Emirates. Total loss to shareholders of 2.0% over the past three years. Board Change • Feb 25
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Non-Executive Non-Independent Director Bassam I Elayyan was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 09
Al Buhaira National Insurance Company P.S.C. to Report Fiscal Year 2025 Results on Feb 12, 2026 Al Buhaira National Insurance Company P.S.C. announced that they will report fiscal year 2025 results on Feb 12, 2026 Board Change • Jan 30
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Non-Executive Non-Independent Director Bassam I Elayyan was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 14
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Non-Executive Non-Independent Director Bassam I Elayyan was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 08
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Non-Executive Non-Independent Director Bassam I Elayyan was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: د.إ0.12 (vs د.إ0.093 loss in 3Q 2024) Third quarter 2025 results: EPS: د.إ0.12 (up from د.إ0.093 loss in 3Q 2024). Revenue: د.إ180.4m (up 33% from 3Q 2024). Net income: د.إ30.7m (up د.إ53.9m from 3Q 2024). Profit margin: 17% (up from net loss in 3Q 2024). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Nov 08
Al Buhaira National Insurance Company P.S.C. to Report Q3, 2025 Results on Nov 12, 2025 Al Buhaira National Insurance Company P.S.C. announced that they will report Q3, 2025 results at 10:00 AM, Arabian Standard Time on Nov 12, 2025 Board Change • Nov 03
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Non-Executive Non-Independent Director Bassam I Elayyan was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 13
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Non-Executive Non-Independent Director Bassam I Elayyan was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 08
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Non-Executive Non-Independent Director Bassam I Elayyan was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: د.إ2.49 (vs د.إ0.016 loss in 2Q 2024) Second quarter 2025 results: EPS: د.إ2.49 (up from د.إ0.016 loss in 2Q 2024). Revenue: د.إ176.7m (up 6.6% from 2Q 2024). Net income: د.إ6.21m (up د.إ10.3m from 2Q 2024). Profit margin: 3.5% (up from net loss in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Board Change • Jul 02
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 4 highly experienced directors. 5 independent directors (6 non-independent directors). Non-Executive Non-Independent Director Bassam I Elayyan was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • May 28
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 4 highly experienced directors. 5 independent directors (6 non-independent directors). Non-Executive Non-Independent Director Bassam I Elayyan was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • May 16
First quarter 2025 earnings released: EPS: د.إ0.08 (vs د.إ0.029 loss in 1Q 2024) First quarter 2025 results: EPS: د.إ0.08 (up from د.إ0.029 loss in 1Q 2024). Revenue: د.إ165.5m (up 48% from 1Q 2024). Net income: د.إ20.7m (up د.إ27.9m from 1Q 2024). Profit margin: 13% (up from net loss in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Board Change • May 08
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 4 highly experienced directors. 5 independent directors (6 non-independent directors). Non-Executive Non-Independent Director Bassam I Elayyan was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Mar 06
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 4 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Noura Mahmoud Al Mahmoud Al-Ali was the last independent 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: Minority of independent directors. Insufficient board refreshment. Board Change • Jan 22
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 4 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Noura Mahmoud Al Mahmoud Al-Ali was the last independent 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: Minority of independent directors. Insufficient board refreshment. Board Change • Dec 04
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Noura Mahmoud Al Mahmoud Al-Ali was the last independent 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: Minority of independent directors. Lack of board continuity. Reported Earnings • Nov 19
Third quarter 2024 earnings released: د.إ0.093 loss per share (vs د.إ0.20 loss in 3Q 2023) Third quarter 2024 results: د.إ0.093 loss per share (improved from د.إ0.20 loss in 3Q 2023). Revenue: د.إ135.3m (up 27% from 3Q 2023). Net loss: د.إ23.2m (loss narrowed 53% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. New Risk • Nov 04
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 5.7% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 70% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (5.7% average weekly change). New Risk • Sep 19
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 5.4% 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 have declined by 70% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (5.4% average weekly change). New Risk • Aug 21
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 have declined by 70% per year over the past 5 years. Reported Earnings • Aug 15
Second quarter 2024 earnings released: د.إ0.02 loss per share (vs د.إ0.072 loss in 2Q 2023) Second quarter 2024 results: د.إ0.02 loss per share (improved from د.إ0.072 loss in 2Q 2023). Revenue: د.إ165.8m (up 72% from 2Q 2023). Net loss: د.إ4.05m (loss narrowed 77% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance. Announcement • Aug 14
Al Buhaira National Insurance Company P.S.C. to Report Q2, 2024 Results on Aug 12, 2024 Al Buhaira National Insurance Company P.S.C. announced that they will report Q2, 2024 results on Aug 12, 2024 New Risk • May 25
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 have declined by 70% per year over the past 5 years. Reported Earnings • May 17
First quarter 2024 earnings released First quarter 2024 results: Revenue: د.إ111.7m (up 41% from 1Q 2023). Net loss: د.إ7.26m (loss narrowed 60% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 147 percentage points per year, which is a significant difference in performance. Announcement • Apr 06
Al Buhaira National Insurance Company P.S.C., Annual General Meeting, Apr 26, 2024 Al Buhaira National Insurance Company P.S.C., Annual General Meeting, Apr 26, 2024, at 06:00 Coordinated Universal Time. Location: Al Buhaira Insurance Tower, Al Majaz 1, Khalid Lagoon Sharjah United Arab Emirates Agenda: To approve the Board of Directors' Report on the Company's activity and its financial position for the fiscal year ended on 31 December 2023; to approve the Auditor's Report for the fiscal year ended on 31 December 2023; to approve the Company's balance sheet and profit and loss account for the fiscal year ended 31 December 2023; to approve the Board of Directors proposal to pay each director AED 200,000; AED 1,800,000 in total for the fiscal year ended on 31 December 2023; to appoint the auditors of the company for the fiscal year ending on 31 December 2023 and determine their fees. Reported Earnings • Apr 02
Full year 2023 earnings released: د.إ0.53 loss per share (vs د.إ0.14 loss in FY 2022) Full year 2023 results: د.إ0.53 loss per share (further deteriorated from د.إ0.14 loss in FY 2022). Revenue: د.إ382.4m (down 8.3% from FY 2022). Net loss: د.إ132.8m (loss widened 285% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 135 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 15
Third quarter 2023 earnings released: د.إ0.20 loss per share (vs د.إ0.04 loss in 3Q 2022) Third quarter 2023 results: د.إ0.20 loss per share (further deteriorated from د.إ0.04 loss in 3Q 2022). Revenue: د.إ108.4m (up 2.3% from 3Q 2022). Net loss: د.إ49.3m (loss widened 393% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 133 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 16
Second quarter 2023 earnings released: د.إ0.07 loss per share (vs د.إ0.024 profit in 2Q 2022) Second quarter 2023 results: د.إ0.07 loss per share (down from د.إ0.024 profit in 2Q 2022). Revenue: د.إ103.3m (up 18% from 2Q 2022). Net loss: د.إ17.9m (down 394% from profit in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 120 percentage points per year, which is a significant difference in performance. New Risk • Jun 17
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 421% Cash payout ratio: 196% Dividend yield: 4.0% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 421% Cash payout ratio: 196% Earnings have declined by 42% per year over the past 5 years. Reported Earnings • Jun 16
First quarter 2023 earnings released: د.إ0.07 loss per share (vs د.إ0.078 profit in 1Q 2022) First quarter 2023 results: د.إ0.07 loss per share (down from د.إ0.078 profit in 1Q 2022). Revenue: د.إ79.0m (down 32% from 1Q 2022). Net loss: د.إ17.9m (down 191% from profit in 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 29
Full year 2022 earnings released: د.إ0.14 loss per share (vs د.إ0.10 profit in FY 2021) Full year 2022 results: د.إ0.14 loss per share (down from د.إ0.10 profit in FY 2021). Revenue: د.إ418.2m (up 8.1% from FY 2021). Net loss: د.إ34.5m (down 238% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 12% per year, which means it is well ahead of 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. 8 experienced directors. No highly experienced directors. No independent directors (8 non-independent directors). Director Ali Abdulla Kayed 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 • Nov 16
Third quarter 2022 earnings released: د.إ0.04 loss per share (vs د.إ0.029 profit in 3Q 2021) Third quarter 2022 results: د.إ0.04 loss per share (down from د.إ0.029 profit in 3Q 2021). Revenue: د.إ106.0m (down 3.6% from 3Q 2021). Net loss: د.إ10.0m (down 238% from profit in 3Q 2021). 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 9% per year, which means it is well ahead of earnings. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: د.إ0.02 (vs د.إ0.028 in 2Q 2021) Second quarter 2022 results: EPS: د.إ0.02 (down from د.إ0.028 in 2Q 2021). Revenue: د.إ87.3m (up 19% from 2Q 2021). Net income: د.إ6.10m (down 12% from 2Q 2021). Profit margin: 7.0% (down from 9.4% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Reported Earnings • May 15
First quarter 2022 earnings released: EPS: د.إ0.08 (vs د.إ0.083 in 1Q 2021) First quarter 2022 results: EPS: د.إ0.08 (down from د.إ0.083 in 1Q 2021). Revenue: د.إ116.0m (up 12% from 1Q 2021). Net income: د.إ19.6m (down 5.0% from 1Q 2021). Profit margin: 17% (down from 20% in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has remained flat, which means it is well ahead of 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. 8 experienced directors. No highly experienced directors. No independent directors (8 non-independent directors). Director Ali Abdulla Kayed 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. Upcoming Dividend • Apr 21
Upcoming dividend of د.إ0.10 per share Eligible shareholders must have bought the stock before 28 April 2022. Payment date: 29 April 2022. Payout ratio is on the higher end at 100%, however this is supported by cash flows. Trailing yield: 5.0%. Lower than top quartile of Emirian dividend payers (5.8%). Lower than average of industry peers (5.9%). Reported Earnings • Mar 14
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: د.إ0.10 (up from د.إ0.096 in FY 2020). Revenue: د.إ387.1m (up 23% from FY 2020). Net income: د.إ25.0m (up 4.4% from FY 2020). Profit margin: 6.5% (down from 7.6% in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment deteriorated over the past week After last week's 19% share price decline to د.إ1.48, the stock trades at a trailing P/E ratio of 21.7x. Average trailing P/E is 10x in the Insurance industry in United Arab Emirates. Total loss to shareholders of 21% over the past three years. Reported Earnings • Nov 18
Third quarter 2021 earnings released: EPS د.إ0.03 (vs د.إ0.053 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: د.إ110.0m (up 51% from 3Q 2020). Net income: د.إ7.25m (down 45% from 3Q 2020). Profit margin: 6.6% (down from 18% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS د.إ0.03 (vs د.إ0.037 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: د.إ73.1m (up 9.0% from 2Q 2020). Net income: د.إ6.90m (down 26% from 2Q 2020). Profit margin: 9.4% (down from 14% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Mar 08
Al Buhaira National Insurance Company P.S.C., Annual General Meeting, Mar 29, 2021 Al Buhaira National Insurance Company P.S.C., Annual General Meeting, Mar 29, 2021, at 07:00 Coordinated Universal Time. Agenda: To consider board and auditor's report for the fiscal year ended December 31, 2020; to consider financial statements for the fiscal year ended December 31, 2020; to consider proposal of distribution of the cash of 10% of the capital and the value is 25 million Emirati Dirham; to consider remuneration of board of directors; to consider discharge of the members of board of directors to consider discharge of auditors; to consider appointment of auditors and determination of their fees; to consider appointment of shareholders representatives who wish to represent and vote on their behalf; and to consider amendment of some articles of the memorandum of association. Reported Earnings • Mar 08
Full year 2020 earnings released: EPS د.إ0.096 (vs د.إ0.088 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: د.إ314.8m (down 5.7% from FY 2019). Net income: د.إ24.0m (up 8.7% from FY 2019). Profit margin: 7.6% (up from 6.6% in FY 2019). 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 8% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 13
New 90-day low: د.إ1.63 The company is down 9.0% from its price of د.إ1.80 on 15 October 2020. The Emirian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 8.0% over the same period. Is New 90 Day High Low • Dec 15
New 90-day low: د.إ1.71 The company is down 5.0% from its price of د.إ1.80 on 16 September 2020. The Emirian market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 6.0% over the same period. Announcement • Nov 19
Al Buhaira National Insurance Company P.S.C. to Report Nine Months, 2020 Results on Nov 23, 2020 Al Buhaira National Insurance Company P.S.C. announced that they will report nine months, 2020 results on Nov 23, 2020 Reported Earnings • Nov 16
Third quarter 2020 earnings released: EPS د.إ0.05 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: د.إ73.0m (down 11% from 3Q 2019). Net income: د.إ13.3m (up 88% from 3Q 2019). Profit margin: 18% (up from 8.7% in 3Q 2019). The increase in margin was driven by lower expenses. Announcement • Jul 19
Al Buhaira National Insurance Company P.S.C. to Report Q1, 2020 Results on Jul 01, 2020 Al Buhaira National Insurance Company P.S.C. announced that they will report Q1, 2020 results on Jul 01, 2020