Announcement • May 20
Arab Insurance Group (B.S.C.) to Report Q2, 2026 Results on Aug 10, 2026 Arab Insurance Group (B.S.C.) announced that they will report Q2, 2026 results on Aug 10, 2026 Board Change • Apr 20
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, 1 was an independent director. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Younis Al Sayed 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. Lack of board continuity. Announcement • Mar 09
Arab Insurance Group (B.S.C.) to Report Q1, 2026 Results on May 14, 2026 Arab Insurance Group (B.S.C.) announced that they will report Q1, 2026 results on May 14, 2026 Reported Earnings • Feb 19
Full year 2025 earnings released: EPS: US$0.02 (vs US$0.13 in FY 2024) Full year 2025 results: EPS: US$0.02 (down from US$0.13 in FY 2024). Revenue: US$12.5m (down 31% from FY 2024). Net income: US$3.91m (down 85% from FY 2024). Profit margin: 31% (down from 145% in FY 2024). Board Change • Feb 11
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, none were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Non-Independent Non-Executive Director Mohamed Alkarbi 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. Board Change • Jan 27
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, none were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Non-Independent Non-Executive Director Mohamed Alkarbi 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. Board Change • Nov 23
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, none were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Non-Independent Non-Executive Director Mohamed Alkarbi 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. Announcement • Nov 20
Arab Insurance Group (B.S.C.) to Report Fiscal Year 2025 Results on Feb 12, 2026 Arab Insurance Group (B.S.C.) announced that they will report fiscal year 2025 results on Feb 12, 2026 Reported Earnings • Nov 07
Third quarter 2025 earnings released: EPS: US$0.009 (vs US$0.038 in 3Q 2024) Third quarter 2025 results: EPS: US$0.009 (down from US$0.038 in 3Q 2024). Revenue: US$3.83m (up 203% from 3Q 2024). Net income: US$1.78m (down 77% from 3Q 2024). Profit margin: 46% (down from 601% in 3Q 2024). Board Change • Oct 23
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, none were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Non-Independent Non-Executive Director Mohamed Alkarbi 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. Announcement • Sep 17
An undisclosed buyer acquired Tivoli Capital Ltd. from Arab Insurance Group (B.S.C.) (BAX:ARIG). An undisclosed buyer acquired Tivoli Capital Ltd. from Arab Insurance Group (B.S.C.) (BAX:ARIG) on August 21, 2025.
An undisclosed buyer completed the acquisition ofTivoli Capital Ltd. from Arab Insurance Group (B.S.C.) (BAX:ARIG) on August 21, 2025. Announcement • Aug 26
Arab Insurance Group (B.S.C.) to Report Q3, 2025 Results on Nov 05, 2025 Arab Insurance Group (B.S.C.) announced that they will report Q3, 2025 results on Nov 05, 2025 Board Change • Aug 18
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 8 new directors. No experienced directors. 1 highly experienced director. 3 independent directors (6 non-independent directors). Independent Vice Chairman of the Board Saeed AlBahhar Al Shehhi is the most experienced director on the board, commencing their role in 2014. Non-Independent Non-Executive Director Mohamed Alkarbi 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. Lack of experienced directors. Reported Earnings • Aug 07
Second quarter 2025 earnings released: EPS: US$0.007 (vs US$0.026 in 2Q 2024) Second quarter 2025 results: EPS: US$0.007 (down from US$0.026 in 2Q 2024). Revenue: US$3.53m (down 51% from 2Q 2024). Net income: US$1.29m (down 75% from 2Q 2024). Profit margin: 37% (down from 72% in 2Q 2024). The decrease in margin was primarily driven by lower revenue. Board Change • Jul 27
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 8 new directors. No experienced directors. 1 highly experienced director. 3 independent directors (6 non-independent directors). Independent Vice Chairman of the Board Saeed AlBahhar Al Shehhi is the most experienced director on the board, commencing their role in 2014. Non-Independent Non-Executive Director Mohamed Alkarbi 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. Lack of experienced directors. Board Change • Jun 24
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 8 new directors. No experienced directors. 1 highly experienced director. 3 independent directors (6 non-independent directors). Independent Vice Chairman of the Board Saeed AlBahhar Al Shehhi is the most experienced director on the board, commencing their role in 2014. Non-Independent Non-Executive Director Mohamed Alkarbi 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. Lack of experienced directors. Announcement • May 27
Arab Insurance Group (B.S.C.) to Report First Half, 2025 Results on Aug 05, 2025 Arab Insurance Group (B.S.C.) announced that they will report first half, 2025 results on Aug 05, 2025 Announcement • Mar 27
Arab Insurance Group (B.S.C.) Approves Board of Directors Election Arab Insurance Group (B.S.C.) in its Ordinary General Assembly Meeting held on 26th March 2025 approved the election of Mrs. Fetooh Abdulaziz Al Zayani, Mr. Younis Jamal Alsayed, Mr. Mohamed Ahmed AlKarbi, Mr. Saeed Mohammed AlBahhar, Mr. Ahmed OmarAlKarbi, Mr. Mansour Shams Alkhoori, Mr. Abdulla Nooruddin Abdulla as board of director. Declared Dividend • Mar 17
Dividend reduced to US$0.13 Dividend of US$0.13 is 38% lower than last year. Ex-date: 2nd April 2025 Payment date: 16th April 2025 Dividend yield will be 13%, which is higher than the industry average of 6.8%. Sustainability & Growth Dividend is not adequately covered by earnings (94% 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 9.6% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 4.1% to bring the payout ratio under control, which is less than the 8.6% EPS growth achieved over the last 5 years. Announcement • Mar 12
Arab Insurance Group (B.S.C.) to Report Fiscal Year 2025 Results on May 14, 2025 Arab Insurance Group (B.S.C.) announced that they will report fiscal year 2025 results on May 14, 2025 Declared Dividend • Feb 28
Dividend reduced to US$0.13 Dividend of US$0.13 is 38% lower than last year. Ex-date: 2nd April 2025 Payment date: 16th April 2025 Dividend yield will be 14%, which is higher than the industry average of 6.8%. Sustainability & Growth Dividend is not covered by earnings (157% 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 15% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 75% to bring the payout ratio under control, which is more than the 20% EPS growth achieved over the last 5 years. Announcement • Feb 27
Arab Insurance Group (B.S.C.), Annual General Meeting, Mar 26, 2025 Arab Insurance Group (B.S.C.), Annual General Meeting, Mar 26, 2025. Announcement • Feb 26
Arab Insurance Group (B.S.C.) Recommends Dividend for the Year Ending December 31, 2024, Payable April 16, 2025 Arab Insurance Group (B.S.C.) at its Board of Directors meeting held on February 24, 2025, recommended the distribution of dividend for the year ending December 31, 2024 to the shareholders whose names are registered on the company's register on the Record Date. This is subject to the approval of the Central Bank of Bahrain and the shareholders in the upcoming Annual General Meeting to held on March 26, 2025. The proposed distribution is as follows: Cash Dividend: 12.5% of share nominal value, equivalent to USD 0.125 per share amounting to USD 24.8 million on outstanding shares (The proposed cash dividend includes 0% declared and paid to the shareholders as an interim dividend). Cum- Dividend Date: March 27, 2025, Ex-Dividend Date: April 2, 2025, Record Date: April 3, 2025 and Payment Date: April 16, 2025. Announcement • Nov 25
Arab Insurance Group (B.S.C.) to Report Nine Months, 2024 Results on Feb 24, 2025 Arab Insurance Group (B.S.C.) announced that they will report nine months, 2024 results on Feb 24, 2025 Reported Earnings • Nov 16
Third quarter 2024 earnings released: EPS: US$0.038 (vs US$0.019 in 3Q 2023) Third quarter 2024 results: EPS: US$0.038 (up from US$0.019 in 3Q 2023). Revenue: US$4.15m (up 17% from 3Q 2023). Net income: US$7.60m (up 99% from 3Q 2023). 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 20% per year, which means it is well ahead of earnings. New Risk • Aug 15
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: 114% Last year net profit margin: 169% 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 Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Payout ratio: 186% Paying a dividend despite having no free cash flows. Minor Risk Profit margins are more than 30% lower than last year (114% net profit margin). Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: US$0.026 (vs US$0.02 in 2Q 2023) Second quarter 2024 results: EPS: US$0.026 (up from US$0.02 in 2Q 2023). Revenue: US$3.18m (up 31% from 2Q 2023). Net income: US$5.17m (up 31% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Announcement • Apr 04
Arab Insurance Group (B.S.C.), Annual General Meeting, Apr 16, 2024 Arab Insurance Group (B.S.C.), Annual General Meeting, Apr 16, 2024, at 08:30 Coordinated Universal Time. Location: t Arig house, Building no. 131, Road no. 1702, Diplomatic Area 317, Manama Bahrain Agenda: To read and approve the minutes of the previous Ordinary General Assembly Meeting of the Company held on 28th March 2024; to discuss and vote to recognize that Mr. Saeed Mohammed Al Bahhar Al Shehii, Chairman of the Board, is not independent as per the definition of an independent board member in the CBB rulebook, and therefore revoke his appointment to the board and bar him from becoming a board member; to discuss and vote to recognize that Mr. Ahmed Omar Al Karbi and Mr. Mohamed Ahmed Al Karbi have failed to make the appropriate disclosures regarding the fact that they are related parties and therefore revoke their appointment to the board and bar them from presenting themselves as board nominees; and to consider other matters. Upcoming Dividend • Mar 25
Upcoming dividend of US$0.20 per share Eligible shareholders must have bought the stock before 01 April 2024. Payment date: 15 April 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 21%. Within top quartile of Bahraini dividend payers (7.2%). Higher than average of industry peers (11%). Announcement • Mar 14
Lepercq Multi-Asset Fund managed by Lepercq de Neuflize & Co and Callaway Capital Management, LLC completed the acquisition of 13.85% stake in Arab Insurance Group (B.S.C.) (BAX : ARIG) from Emirates Investment Authority for $16.1 million. Lepercq Multi-Asset Fund managed by Lepercq de Neuflize & Co and Callaway Capital Management, LLC made an offer to acquire a 10% stake in Arab Insurance Group (B.S.C.) (BAX : ARIG) from Emirates Investment Authority for $11.7 million on November 19, 2023. Under the terms, 22,001,000 shares will be acquired at $0.53 per share in cash. Offer will start from December 21, 2023 and will close on January 18, 2023. Offer is subject to approval from offeror board, shareholders. Offer is approved by board. Offer is conditional upon regulatory and statutory approvals. Trowers & Hamlins LLP, and Zu’bi & Partners, Attorneys & Legal Consultants Bahraini Partnership Company acted as legal advisor. Bahrain Financial Harbor Holding Co. acted as transfer agent, SICO BSCacted as financial advisor and transfer agent.Lepercq Multi-Asset Fund managed by Lepercq de Neuflize & Co and Callaway Capital Management, LLC completed the acquisition of 13.85% stake in Arab Insurance Group (B.S.C.) (BAX : ARIG) from Emirates Investment Authority for $16.1 million on March 13, 2024. Announcement • Mar 08
Arab Insurance Group (B.S.C.), Annual General Meeting, Mar 28, 2024 Arab Insurance Group (B.S.C.), Annual General Meeting, Mar 28, 2024, at 11:30 Arab Standard Time. Location: Arig house,Building no 131,Road no 1702 Diplomatic Area 317 Manama Bahrain Agenda: To consider Read and approve the minutes of the previous Ordinary General Assembly Meeting of the Company held on 29 March 2023; to discuss and approve the Board of Directors’ Report for the financial year ended 31 December 2023; to receive the Report of the External Auditors on the Consolidated Financial Statements for the year ended 31 December 2023; to Approve the recommended remuneration to Directors amounting to US$ 285,000 for the year ended 31 December 2023, subject to the approval of the Ministry of Industry and Commerce; and to discuss other matter. Declared Dividend • Feb 29
Dividend of US$0.20 announced Shareholders will receive a dividend of US$0.20. Ex-date: 1st April 2024 Payment date: 15th April 2024 Dividend yield will be 24%, which is higher than the industry average of 6.8%. Sustainability & Growth Dividend is covered by earnings (71% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has remained flat since 9 years ago. However, payments have been volatile during that time. Earnings per share has grown by 50% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: US$0.071 (vs US$0.099 in FY 2022) Full year 2023 results: EPS: US$0.071 (down from US$0.099 in FY 2022). Revenue: US$11.4m (up 295% from FY 2022). Net income: US$14.0m (down 29% from FY 2022). Reported Earnings • Nov 16
Third quarter 2023 earnings released: EPS: US$0.019 (vs US$0.012 in 3Q 2022) Third quarter 2023 results: EPS: US$0.019 (up from US$0.012 in 3Q 2022). Revenue: US$3.92m (up 431% from 3Q 2022). Net income: US$3.82m (up 57% from 3Q 2022). Profit margin: 98% (down from 329% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Aug 15
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: 146% Last year net profit margin: 290% 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 Risk Shares are highly illiquid. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (146% net profit margin). Reported Earnings • Aug 14
Second quarter 2023 earnings released: EPS: US$0.02 (vs US$0.014 in 2Q 2022) Second quarter 2023 results: EPS: US$0.02 (up from US$0.014 in 2Q 2022). Revenue: US$4.46m (up 283% from 2Q 2022). Net income: US$3.96m (up 46% from 2Q 2022). Profit margin: 89% (down from 233% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 15% per year and the company’s share price has also increased by 15% per year. New Risk • Jun 11
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% 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 Shares are highly illiquid. High level of non-cash earnings (24% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Paying a dividend despite having no free cash flows. Announcement • Dec 16
ARIG Says Few Investors Show Interest to Acquire Company Arab Insurance Group (B.S.C.) (BAX:ARIG) Engaged Emirates NBD Capital KSA in Relation to Finding A Buyer for Divestiture of Up to 100% Equity Stake in ARIG to Potential Investors. Few Potential Investors Indicated Their Interest and Engaged in Due Diligence Prior to Issuing Binding Offer. Announcement • Sep 07
Arab Insurance Group (B.S.C.), Annual General Meeting, Sep 26, 2022 Arab Insurance Group (B.S.C.), Annual General Meeting, Sep 26, 2022, at 11:30 Arab Standard Time. Location: Arig House, building no. 131, Road 1702,Diplomatic Area 317, Manama, Kingdom of Bahrain, Kingdom of Bahrain Bahrain Agenda: To elect members of the Board of Directors of Arab Insurance Group (B.S.C.) for the term starting from September 2022 to March 2025. The election is for three positions to the Board of Directors, and the remaining three positions are nominees of major shareholders in accordance with Article 32 of the Company's Articles of Association; and to consider any other matter thereof. Board Change • Jun 06
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Bader AlJaberi was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 22
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Bader AlJaberi was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 08
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Vice Chairman of the Board Mohamed AlHameli was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 14
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Vice Chairman of the Board Mohamed AlHameli was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Vice Chairman of the Board Mohamed AlHameli was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 
