Announcement • 15h
Academy of Learning Company Elects Mr. Abdulelah Mohammed Altunisi as the Members of the Board of Directors Academy of Learning Company at its Ordinary General Assembly Meeting held n June 2, 2026 approved of the election of Mr. Abdulelah Mohammed Altunisi as the members of the Board of Directors for the upcoming term, commencing on 16 June 2026 and lasting for four years, ending on 15 June 2030. Upcoming Dividend • Apr 12
Upcoming dividend of ر.س0.10 per share Eligible shareholders must have bought the stock before 19 April 2026. Payment date: 28 April 2026. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Saudi dividend payers (5.8%). Lower than average of industry peers (2.6%). New Risk • Feb 24
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 5.5% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 21
First half 2026 earnings released: EPS: ر.س0.16 (vs ر.س0.13 in 1H 2025) First half 2026 results: EPS: ر.س0.16 (up from ر.س0.13 in 1H 2025). Revenue: ر.س95.9m (up 27% from 1H 2025). Net income: ر.س14.2m (up 18% from 1H 2025). Profit margin: 15% (down from 16% in 1H 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 09
Academy of Learning Company, Annual General Meeting, Jan 01, 2026 Academy of Learning Company, Annual General Meeting, Jan 01, 2026, at 19:00 Arab Standard Time. Location: dammam Saudi Arabia New Risk • Aug 22
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.8% average weekly change). High level of non-cash earnings (33% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Profit margins are more than 30% lower than last year (16% net profit margin). Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ر.س9.75, the stock trades at a trailing P/E ratio of 44.4x. Average trailing P/E is 36x in the Consumer Services industry in Saudi Arabia. Total returns to shareholders of 243% over the past three years. Board Change • Aug 01
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. 4 experienced directors. No highly experienced directors. Director Saadoun Al-Khalidi was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • Jun 03
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 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (40% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.6% average weekly change). Profit margins are more than 30% lower than last year (21% net profit margin). New Risk • Mar 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (40% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.4% average weekly change). Profit margins are more than 30% lower than last year (21% net profit margin). New Risk • Jan 28
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 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (40% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.6% average weekly change). Profit margins are more than 30% lower than last year (21% net profit margin). New Risk • Nov 26
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 5.3% 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 Risk High level of non-cash earnings (40% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.3% average weekly change). Profit margins are more than 30% lower than last year (21% net profit margin). Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ر.س9.46, the stock trades at a trailing P/E ratio of 38.4x. Average trailing P/E is 46x in the Consumer Services industry in Saudi Arabia. Total returns to shareholders of 62% over the past year. Announcement • Jun 06
Academy of Learning Company, Annual General Meeting, Jun 25, 2024 Academy of Learning Company, Annual General Meeting, Jun 25, 2024, at 18:30 Arab Standard Time. Location: dammam Saudi Arabia Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ر.س12.80, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 17x in the Consumer Services industry in Asia. Total returns to shareholders of 114% over the past year. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ر.س11.18, the stock trades at a trailing P/E ratio of 24.5x. Average trailing P/E is 17x in the Consumer Services industry in Asia. Total returns to shareholders of 96% over the past year. Upcoming Dividend • Mar 17
Upcoming dividend of ر.س0.15 per share Eligible shareholders must have bought the stock before 24 March 2024. Payment date: 04 April 2024. Payout ratio is a comfortable 44% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Saudi dividend payers (4.4%). Lower than average of industry peers (3.7%). Declared Dividend • Feb 22
First half dividend of ر.س0.15 announced Shareholders will receive a dividend of ر.س0.15. Ex-date: 24th March 2024 Payment date: 4th April 2024 Dividend yield will be 3.3%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (44% 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 company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share has grown by 8.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Feb 20
Academy of Learning Company Announces to Distribute Cash Dividends for the Second Half of the Fiscal Year 2023, Payable on April 4, 2024 Academy of Learning Company announces the decision of the Board of Directors to distribute cash dividends to shareholders 9.000.000 Saudi riyals for the second half of the fiscal year 2023, Dividend per share 0.15 Saudi Riyals (15 Halalas). The eligibility of cash dividends will be for shareholders who own shares of the company by the end of trading day on March 21, 2024, and are enrolled in the company's shareholder registry at the Securities Depository Center (Edaa) by the end of the second trading day following the eligibility date. The distribution will take place on April 4, 2024. Announcement • Jan 01
Academy of Learning Company Announces Formation of the Executive Committee Academy of Learning Company announced the decision of its Board of Directors on 28 December 2023: The formation of the Executive Committee commencing from the date of the decision until the end of the current council session on 15 June 2026 as follows: Mr. Khalid bin Mohammad Al-Ammar (non-independent - non-executive) as Chairman; Dr. Mohammed bin Abdullah Al-Ajlan (independent - non-executive), member; Mr. Nasser bin Abdulrahman Al Zamil (independent - non-executive), member. Announcement • Aug 04
Saudi Advanced Industries Company (SASE : 2120) and acquired an unknown minority stake in Academy Of Learning Company (SASE : 9541) from Falwa Najd Real Estate Company and Khaled Mohammed Farhan Al-Dossary for SAR 47.3 million. Saudi Advanced Industries Company (SASE : 2120) and acquired an unknown minority stake in Academy Of Learning Company (SASE : 9541) from Falwa Najd Real Estate Company and Khaled Mohammed Farhan Al-Dossary for SAR 47.3 million on August 2, 2023. As per the transaction, 5,990,000 shares have been acquired.
Saudi Advanced Industries Company (SASE : 2120) and completed the acquisition of an unknown minority stake in Academy Of Learning Company (SASE : 9541) from Falwa Najd Real Estate Company and Khaled Mohammed Farhan Al-Dossary on August 2, 2023. Announcement • Dec 27
Academy of Learning Company Announces Board Recommendation to Distribute Cash Dividends for the Second Half of 2022 Academy of Learning Company announces Board recommendation to distribute cash dividends of SAR 2 instead of SAR 1.5 to Shareholders for the second half of 2022. Percentage of Dividend to the Share Par Value (%) 20 %. The eligibility of Cash dividend will be to Shareholders who own the company shares on the Eligibility date and are enrolled in the Company's register at Securities Depository Center Company (Edaa) by the end of the second trading day of the day of the General Assembly of the company, which will be announced later. The Academy of Learning Company has previously distributed net cash dividends of 9 million Saudi riyals for the first half of the fiscal year 2022 AD, at a rate of SAR 1.5 per share, which represents 15% of the nominal value of the share. For shareholders registered in the bank's records with the Securities Depository Center Company (Edaa) at the end of the second trading day following the maturity date 12 /02/1444 AH corresponding to 08/09/2022 AD. Thus, the total net profits distributed for the fiscal year ending on 31 /12 /2022 AD will amount to SAR 21 million, at SAR 3.5 per share, which represents 35% of the nominal value of the share. Announcement • Aug 25
Academy of Learning Co. Approves Dividend Policy of Years 2022, 2023, 2024 and Approves Distribution of Cash Dividend for First Half of 2022,Payable on September 8, 2022 Academy Of Learning Company at its Ordinary General Assembly Meeting held on August 23, 2022 approved the dividend policy for the Academy of Learning of years 2022, 2023, 2024. The meeting also approved the Board of Directors- recommendation to distribute the amount of (9,000,000) Saudi riyals cash dividends to the shareholders for the first half of 2022 AD, and the dividend per share is 1.5 riyals, representing 15% of the nominal value per share, provided that the eligibility is for the shareholders who own the shares at the end of trading day of the General Assembly meeting and those registered in the company-s shareholders register with the Securities Depository Center Company (Depository Center) at the end of the second trading day following the due date, the dividend distribution date will be September 8, 2022. Announcement • Jul 25
Academy of Learning Co. Announces Board Changes Learning Academy Company announced that the Board of Directors has approved the resignation of Mrs. Suha Saad Al-Saif as Non-Executive Member Board member where she submitted her resignation on July 18, 2022 for personal reasons and has approved the appointment of Mr. Saadoun Khaled Al-Khalidi as a (Non-Executive Member) of the Board of Directors in the vacant seat for the current session of the Board, which ends on June 15, 2026, starting from the date July 19, 2022. The Board of Director's approval of the appointed member is not final and is subject to the approval of the company's general assembly at its next meeting. Brief Resume of the Appointed Member; Bachelor's Business Administration - King Faisal University; He holds several certificates in management, executive management, planning and analysis investment; Member of the Board of Directors of Al-Orouba Investment Company; Member of the Board of Directors of the Horizon Sky Investment Company; Member of the Board of Directors and CEO of Khawald Investment Company. 
