New Risk • May 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Saudi stocks, typically moving 6.5% 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 Earnings have declined by 27% per year over the past 5 years. Shareholders have been substantially diluted in the past year (122% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (6.5% average weekly change). Announcement • May 22
Saudi Industrial Development Co., Annual General Meeting, Jun 14, 2026 Saudi Industrial Development Co., Annual General Meeting, Jun 14, 2026, at 19:00 Arab Standard Time. Location: jeddah Saudi Arabia Reported Earnings • May 19
First quarter 2026 earnings released: ر.س0.39 loss per share (vs ر.س0.70 loss in 1Q 2025) First quarter 2026 results: ر.س0.39 loss per share. Revenue: ر.س22.3m (down 7.5% from 1Q 2025). Net loss: ر.س11.6m (loss widened 23% from 1Q 2025). New Risk • Apr 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Saudi stocks, typically moving 6.3% 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 Earnings have declined by 27% per year over the past 5 years. Shareholders have been substantially diluted in the past year (122% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (ر.س342.0m market cap, or US$91.1m). Reported Earnings • Apr 11
Full year 2025 earnings released: ر.س4.85 loss per share (vs ر.س1.25 loss in FY 2024) Full year 2025 results: ر.س4.85 loss per share (further deteriorated from ر.س1.25 loss in FY 2024). Revenue: ر.س98.8m (down 28% from FY 2024). Net loss: ر.س89.1m (loss widened 427% from FY 2024). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. New Risk • Dec 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ر.س360.9m (US$96.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-ر.س23m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 20% per year over the past 5 years. Shareholders have been substantially diluted in the past year (122% increase in shares outstanding). Minor Risk Market cap is less than US$100m (ر.س360.9m market cap, or US$96.2m). New Risk • Nov 26
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -ر.س23m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-ر.س23m free cash flow). Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 20% per year over the past 5 years. Shareholders have been substantially diluted in the past year (122% increase in shares outstanding). New Risk • Nov 09
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 122% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 20% per year over the past 5 years. Shareholders have been substantially diluted in the past year (122% increase in shares outstanding). Reported Earnings • Nov 05
Third quarter 2025 earnings released: ر.س0.60 loss per share (vs ر.س0.92 loss in 3Q 2024) Third quarter 2025 results: ر.س0.60 loss per share (improved from ر.س0.92 loss in 3Q 2024). Revenue: ر.س24.1m (down 13% from 3Q 2024). Net loss: ر.س8.05m (loss narrowed 30% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 16
Second quarter 2025 earnings released: ر.س0.61 loss per share (vs ر.س0.55 loss in 2Q 2024) Second quarter 2025 results: ر.س0.61 loss per share (further deteriorated from ر.س0.55 loss in 2Q 2024). Revenue: ر.س28.1m (down 2.6% from 2Q 2024). Net loss: ر.س8.30m (loss widened 12% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Announcement • Aug 11
Saudi Industrial Development Co. has filed a Follow-on Equity Offering in the amount of SAR 165 million. Saudi Industrial Development Co. has filed a Follow-on Equity Offering in the amount of SAR 165 million.
Security Name: Shares
Security Type: Common Stock
Transaction Features: Rights Offering New Risk • Jun 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 Saudi stocks, typically moving 6.4% 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 Less than 1 year of cash runway based on free cash flow trend (-ر.س26m free cash flow). Earnings have declined by 18% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Market cap is less than US$100m (ر.س322.1m market cap, or US$85.9m). Announcement • Jun 03
Saudi Industrial Development Co., Annual General Meeting, Jun 29, 2025 Saudi Industrial Development Co., Annual General Meeting, Jun 29, 2025, at 18:30 Arab Standard Time. Location: jeddah Saudi Arabia Reported Earnings • Apr 30
Full year 2024 earnings released: ر.س0.52 loss per share (vs ر.س5.51 loss in FY 2023) Full year 2024 results: ر.س0.52 loss per share (improved from ر.س5.51 loss in FY 2023). Revenue: ر.س137.7m (down 8.8% from FY 2023). Net loss: ر.س16.9m (loss narrowed 77% from FY 2023). 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 17% per year, which means it has not declined as severely as earnings. New Risk • Mar 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ر.س365.9m (US$97.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-ر.س32m free cash flow). Earnings have declined by 23% per year over the past 5 years. Minor Risk Market cap is less than US$100m (ر.س365.9m market cap, or US$97.6m). Reported Earnings • Nov 15
Third quarter 2024 earnings released: ر.س0.31 loss per share (vs ر.س0.85 loss in 3Q 2023) Third quarter 2024 results: ر.س0.31 loss per share (improved from ر.س0.85 loss in 3Q 2023). Revenue: ر.س27.6m (down 22% from 3Q 2023). Net loss: ر.س11.4m (flat on 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. New Risk • Sep 25
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 196% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-ر.س16m free cash flow). Share price has been highly volatile over the past 3 months (55% average weekly change). Earnings have declined by 20% per year over the past 5 years. Shareholders have been substantially diluted in the past year (196% increase in shares outstanding). New Risk • Sep 22
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 Saudi stocks, typically moving 54% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-ر.س16m free cash flow). Share price has been highly volatile over the past 3 months (54% average weekly change). Earnings have declined by 20% per year over the past 5 years. Reported Earnings • Aug 16
Second quarter 2024 earnings released: ر.س0.19 loss per share (vs ر.س0.24 loss in 2Q 2023) Second quarter 2024 results: ر.س0.19 loss per share (improved from ر.س0.24 loss in 2Q 2023). Revenue: ر.س28.8m (down 34% from 2Q 2023). Net loss: ر.س7.44m (loss narrowed 23% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Announcement • May 25
Saudi Industrial Development Co., Annual General Meeting, Jun 13, 2024 Saudi Industrial Development Co., Annual General Meeting, Jun 13, 2024, at 18:30 Arab Standard Time. Location: jeddah Saudi Arabia Reported Earnings • May 23
First quarter 2024 earnings released: ر.س0.03 loss per share (vs ر.س0.017 loss in 1Q 2023) First quarter 2024 results: ر.س0.03 loss per share (further deteriorated from ر.س0.017 loss in 1Q 2023). Revenue: ر.س43.2m (up 3.5% from 1Q 2023). Net loss: ر.س1.21m (loss widened 82% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 39 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 16
Full year 2023 earnings released: ر.س1.86 loss per share (vs ر.س0.97 loss in FY 2022) Full year 2023 results: ر.س1.86 loss per share (further deteriorated from ر.س0.97 loss in FY 2022). Revenue: ر.س150.9m (down 2.8% from FY 2022). Net loss: ر.س74.4m (loss widened 92% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 12
Third quarter 2023 earnings released: ر.س0.29 loss per share (vs ر.س0.19 loss in 3Q 2022) Third quarter 2023 results: ر.س0.29 loss per share (further deteriorated from ر.س0.19 loss in 3Q 2022). Revenue: ر.س35.5m (down 7.6% from 3Q 2022). Net loss: ر.س11.5m (loss widened 50% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 12
Second quarter 2023 earnings released: ر.س0.24 loss per share (vs ر.س0.17 loss in 2Q 2022) Second quarter 2023 results: ر.س0.24 loss per share (further deteriorated from ر.س0.17 loss in 2Q 2022). Revenue: ر.س43.6m (up 5.4% from 2Q 2022). Net loss: ر.س9.67m (loss widened 47% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • Jun 07
First quarter 2023 earnings released: ر.س0.017 loss per share (vs ر.س0.12 loss in 1Q 2022) First quarter 2023 results: ر.س0.017 loss per share (improved from ر.س0.12 loss in 1Q 2022). Revenue: ر.س41.7m (flat on 1Q 2022). Net loss: ر.س661.1k (loss narrowed 86% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Saleh Bin Al Shuraim was the last independent director to join the board, commencing their role in 2013. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 24
Second quarter 2022 earnings released: ر.س0.17 loss per share (vs ر.س0.11 loss in 2Q 2021) Second quarter 2022 results: ر.س0.17 loss per share (down from ر.س0.11 loss in 2Q 2021). Revenue: ر.س41.4m (down 1.3% from 2Q 2021). Net loss: ر.س6.58m (loss widened 52% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 23% per year and the company’s share price has also increased by 23% per year. Announcement • May 27
Saudi Industrial Development Co., Annual General Meeting, Jun 16, 2022 Saudi Industrial Development Co., Annual General Meeting, Jun 16, 2022, at 16:00 Coordinated Universal Time. Agenda: To consider voting on the Board of Directors’ Report for the year ended on 31/12/2021; to consider voting on company External Auditor’s report for the year ended on 31/12/2021; to consider voting on the financial statements for the year ended on 31/12/2021; to consider voting on absolving members of the Board of Director from their responsibilities for the year 2021; to consider voting on the business and contracts that are concluded between the company and Emdad Logistic Services Company Ltd; and to transact other business. Reported Earnings • May 24
First quarter 2022 earnings released: ر.س0.12 loss per share (vs ر.س0.044 loss in 1Q 2021) First quarter 2022 results: ر.س0.12 loss per share (down from ر.س0.044 loss in 1Q 2021). Revenue: ر.س41.4m (down 9.1% from 1Q 2021). Net loss: ر.س4.80m (loss widened 176% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 28% per year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Saleh Bin Al Shuraim was the last independent director to join the board, commencing their role in 2013. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 05
Full year 2021 earnings released: ر.س0.61 loss per share (vs ر.س0.081 loss in FY 2020) Full year 2021 results: ر.س0.61 loss per share (down from ر.س0.081 loss in FY 2020). Revenue: ر.س163.1m (flat on FY 2020). Net loss: ر.س24.5m (loss widened ر.س21.2m from FY 2020). 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 26% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 09
Third quarter 2021 earnings released: ر.س0.14 loss per share (vs ر.س0.13 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: ر.س37.4m (down 5.7% from 3Q 2020). Net loss: ر.س5.74m (down 212% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 24
Second quarter 2021 earnings released: ر.س0.11 loss per share (vs ر.س0.11 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings and control over costs, although revenues were flat. Second quarter 2021 results: Revenue: ر.س41.9m (flat on 2Q 2020). Net loss: ر.س4.32m (down 200% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 10
First quarter 2021 earnings released: ر.س0.043 loss per share (vs ر.س0.25 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: ر.س45.5m (up 13% from 1Q 2020). Net loss: ر.س1.74m (loss narrowed 83% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Reported Earnings • Apr 04
Full year 2020 earnings released: ر.س0.081 loss per share (vs ر.س0.98 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: ر.س175.2m (down 8.4% from FY 2019). Net loss: ر.س3.25m (loss narrowed 92% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 17
New 90-day high: ر.س16.08 The company is up 3.0% from its price of ر.س15.56 on 19 November 2020. The Saudi market is flat over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Durables industry, which is up 20% over the same period. Announcement • Jan 04
Saudi Industrial Development Co. Announces Resignation of Ahmed Bin Fouad Bin Ahmed Al-Baz as Board Member Saudi Industrial Development Company (SIDC) announced that the Board Member Mr. Ahmed bin Fouad bin Ahmed Al-Baz (Independent Board Member) has submitted his resignation from his position as a member of the Board of Directors due to his business commitments . Is New 90 Day High Low • Nov 18
New 90-day high: ر.س15.60 The company is up 58% from its price of ر.س9.87 on 20 August 2020. The Saudi market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 13% over the same period. Is New 90 Day High Low • Oct 01
New 90-day high: ر.س14.18 The company is up 95% from its price of ر.س7.27 on 02 July 2020. The Saudi market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 9.0% over the same period.