Announcement • Apr 07
Sharjah Insurance Company P.S.C., Annual General Meeting, Apr 30, 2026 Sharjah Insurance Company P.S.C., Annual General Meeting, Apr 30, 2026, at 12:00 Arabian Standard Time. Announcement • Apr 01
Sharjah Insurance Company P.S.C. announces Annual dividend Sharjah Insurance Company P.S.C. announced Annual dividend of AED 0.0900 per share, ex-date on May 08, 2026 and record date on May 11, 2026. Board Change • Feb 25
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Vice Chairman Salem Abdullah Al Hosani was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 14
Full year 2025 earnings released: EPS: د.إ0.40 (vs د.إ0.033 in FY 2024) Full year 2025 results: EPS: د.إ0.40 (up from د.إ0.033 in FY 2024). Revenue: د.إ104.7m (down 14% from FY 2024). Net income: د.إ59.2m (up د.إ54.2m from FY 2024). Profit margin: 56% (up from 4.1% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • Feb 05
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Vice Chairman Salem Abdullah Al Hosani was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 08
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Vice Chairman Salem Abdullah Al Hosani was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 05
Sharjah Insurance Company P.S.C. to Report Q3, 2025 Results on Nov 10, 2025 Sharjah Insurance Company P.S.C. announced that they will report Q3, 2025 results on Nov 10, 2025 Board Change • Jul 10
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 8 non-independent directors. Vice Chairman Salem Salem Al Hosani was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 28
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 8 non-independent directors. Vice Chairman Salem Salem Al Hosani was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Declared Dividend • Mar 28
Dividend reduced to د.إ0.05 Dividend of د.إ0.05 is 29% lower than last year. Ex-date: 7th May 2025 Payment date: 1st January 1970 Dividend yield will be 3.0%, which is lower than the industry average of 5.9%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 8x earnings) nor is it covered by cash flows (440% cash payout ratio). The dividend has increased by an average of 4.8% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 873% to bring the payout ratio under control. However, EPS has declined by 19% over the last 5 years so the company would need to reverse this trend. Announcement • Mar 27
Sharjah Insurance Company P.S.C. announces Annual dividend Sharjah Insurance Company P.S.C. announced Annual dividend of AED 0.0500 per share, ex-date on May 07, 2025 and record date on May 08, 2025. Announcement • Mar 25
Sharjah Insurance Company P.S.C., Annual General Meeting, Apr 28, 2025 Sharjah Insurance Company P.S.C., Annual General Meeting, Apr 28, 2025. Announcement • Mar 20
Sharjah Insurance Company P.S.C. to Report Fiscal Year 2024 Results on Mar 24, 2025 Sharjah Insurance Company P.S.C. announced that they will report fiscal year 2024 results on Mar 24, 2025 Board Change • Mar 06
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 8 non-independent directors. Vice Chairman Salem Salem Al Hosani was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 17
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 8 non-independent directors. Vice Chairman Ahmed Salem Salem Al Hosani was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 19
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 8 non-independent directors. Vice Chairman Ahmed Salem Salem Al Hosani was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 14
Third quarter 2024 earnings released: EPS: د.إ0.03 (vs د.إ0.041 in 3Q 2023) Third quarter 2024 results: EPS: د.إ0.03 (down from د.إ0.041 in 3Q 2023). Revenue: د.إ13.2m (down 1.8% from 3Q 2023). Net income: د.إ3.80m (down 38% from 3Q 2023). Profit margin: 29% (down from 46% in 3Q 2023). 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 12% per year, which means it is well ahead of earnings. Reported Earnings • Aug 15
Second quarter 2024 earnings released: د.إ0.04 loss per share (vs د.إ0.072 profit in 2Q 2023) Second quarter 2024 results: د.إ0.04 loss per share (down from د.إ0.072 profit in 2Q 2023). Revenue: د.إ4.91m (down 62% from 2Q 2023). Net loss: د.إ5.64m (down 153% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • May 17
First quarter 2024 earnings released: EPS: د.إ0.01 (vs د.إ0.015 loss in 1Q 2023) First quarter 2024 results: EPS: د.إ0.01 (up from د.إ0.015 loss in 1Q 2023). Revenue: د.إ13.6m (up 63% from 1Q 2023). Net income: د.إ1.40m (up د.إ3.59m from 1Q 2023). Profit margin: 10% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. 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 7% per year, which means it is well ahead of earnings. Announcement • Apr 03
Sharjah Insurance Company P.S.C., Annual General Meeting, Apr 29, 2024 Sharjah Insurance Company P.S.C., Annual General Meeting, Apr 29, 2024, at 07:00 Coordinated Universal Time. Agenda: To approve the Board of Directors' report about the Company's activity and its financial position for the fiscal year ended 31 December 2023; to approve the Auditor's report for the fiscal year ended 31 December 2023; to discuss and approve the Company's balance sheet and statement of profit and loss for the fiscal year ended 31 December 2023; to consider the Board's proposal regarding the distribution of cash dividends; to approve the Board members' remuneration for the fiscal year ended 31 December 2023; to appoint the Auditors for the fiscal year 2024 and determine their fees; and to consider any other matters. New Risk • Mar 23
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: 44% Last year net profit margin: 86% 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: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (44% net profit margin). Market cap is less than US$100m (د.إ258.0m market cap, or US$70.3m). Reported Earnings • Mar 23
Full year 2023 earnings released: EPS: د.إ0.11 (vs د.إ0.21 in FY 2022) Full year 2023 results: EPS: د.إ0.11 (down from د.إ0.21 in FY 2022). Revenue: د.إ36.5m (up 1.8% from FY 2022). Net income: د.إ16.2m (down 48% from FY 2022). Profit margin: 44% (down from 87% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 4% per year. New Risk • Nov 18
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. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (د.إ223.5m market cap, or US$60.8m). New Risk • Aug 17
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% 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 Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Dividend is not well covered by cash flows (455% cash payout ratio). Revenue is less than US$5m (د.إ12m revenue, or US$3.4m). Market cap is less than US$100m (د.إ223.5m market cap, or US$60.8m). Reported Earnings • Aug 16
Second quarter 2023 earnings released: EPS: د.إ0.07 (vs د.إ0.049 loss in 2Q 2022) Second quarter 2023 results: EPS: د.إ0.07 (up from د.إ0.049 loss in 2Q 2022). Net income: د.إ10.8m (up د.إ18.2m from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. New Risk • Jun 15
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 283% Cash payout ratio: 122% Dividend yield: 6.7% 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 Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 283% Cash payout ratio: 122% Minor Risks Large one-off items impacting financial results. Revenue is less than US$5m (د.إ9.2m revenue, or US$2.5m). Market cap is less than US$100m (د.إ223.5m market cap, or US$60.9m). Reported Earnings • Mar 19
Full year 2022 earnings released: EPS: د.إ0.21 (vs د.إ0.18 in FY 2021) Full year 2022 results: EPS: د.إ0.21 (up from د.إ0.18 in FY 2021). Revenue: د.إ35.9m (up 4.1% from FY 2021). Net income: د.إ31.0m (up 14% from FY 2021). Profit margin: 87% (up from 79% in FY 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 20
Third quarter 2022 earnings released: EPS: د.إ0.03 (vs د.إ0.008 in 3Q 2021) Third quarter 2022 results: EPS: د.إ0.03 (up from د.إ0.008 in 3Q 2021). Revenue: د.إ7.09m (up 96% from 3Q 2021). Net income: د.إ4.46m (up 291% from 3Q 2021). Profit margin: 63% (up from 32% in 3Q 2021). The increase in margin was driven by higher revenue. 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. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Chairman of the Board Ahmed Hamad Al-Midfa was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 16
Second quarter 2022 earnings released: د.إ0.05 loss per share (vs د.إ0.043 profit in 2Q 2021) Second quarter 2022 results: د.إ0.05 loss per share (down from د.إ0.043 profit in 2Q 2021). Net loss: د.إ7.41m (down 215% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: د.إ0.19 (vs د.إ0.02 in 1Q 2021) First quarter 2022 results: EPS: د.إ0.19 (up from د.إ0.02 in 1Q 2021). Revenue: د.إ28.2m (up د.إ23.6m from 1Q 2021). Net income: د.إ25.9m (up د.إ23.0m from 1Q 2021). Profit margin: 92% (up from 64% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 8 non-independent directors. Chairman of the Board Ahmed Hamad Al-Midfa was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 12
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: د.إ0.20 (up from د.إ0.085 in FY 2020). Revenue: د.إ34.5m (up 14% from FY 2020). Net income: د.إ27.2m (up 132% from FY 2020). Profit margin: 79% (up from 39% in FY 2020). The increase in margin was primarily driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • Mar 06
Sharjah Insurance Company P.S.C. to Report Fiscal Year 2021 Results on Mar 08, 2022 Sharjah Insurance Company P.S.C. announced that they will report fiscal year 2021 results on Mar 08, 2022 Announcement • Feb 08
Sharjah Insurance Company P.S.C. Announces Resignation Sheikh Saoud Nasser Rashid Almoalla from Board of Directors Sharjah Insurance Company P.S.C. announced that Sheikh Saoud Nasser Rashid Almoalla has submitted his resignation from the board of directors of the company for private reasons and the company will take the necessary action to replace this post. Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment deteriorated over the past week After last week's 20% share price decline to د.إ1.05, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 10x in the Insurance industry in United Arab Emirates. Total loss to shareholders of 60% over the past three years. Valuation Update With 7 Day Price Move • May 20
Investor sentiment deteriorated over the past week After last week's 18% share price decline to د.إ1.44, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 10x in the Insurance industry in United Arab Emirates. Total loss to shareholders of 50% over the past three years. Reported Earnings • May 12
First quarter 2021 earnings released: EPS د.إ0.02 (vs د.إ0.035 loss in 1Q 2020) The company reported a soft first quarter result with weaker revenues and profit margins, although earnings were improved. First quarter 2021 results: Revenue: د.إ4.62m (down 1,489% from 1Q 2020). Net income: د.إ2.94m (up د.إ7.76m from 1Q 2020). Profit margin: 64% (down from 1,447% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year and the company’s share price has also fallen by 20% per year. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment deteriorated over the past week After last week's 17% share price decline to د.إ1.76, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 10x in the Insurance industry in United Arab Emirates. Total loss to shareholders of 47% over the past three years. Reported Earnings • Mar 20
Full year 2020 earnings released: EPS د.إ0.09 (vs د.إ0.11 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: د.إ30.5m (down 17% from FY 2019). Net income: د.إ11.8m (down 20% from FY 2019). Profit margin: 39% (down from 40% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.