Reported Earnings • May 14
First quarter 2026 earnings released: ر.س0.11 loss per share (vs ر.س1.18 loss in 1Q 2025) First quarter 2026 results: ر.س0.11 loss per share (improved from ر.س1.18 loss in 1Q 2025). Revenue: ر.س161.4m (up 17% from 1Q 2025). Net loss: ر.س3.32m (loss narrowed 91% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Announcement • Apr 09
Salama Cooperative Insurance Company, Annual General Meeting, Apr 29, 2026 Salama Cooperative Insurance Company, Annual General Meeting, Apr 29, 2026, at 20:30 Arab Standard Time. Location: jeddah Saudi Arabia Reported Earnings • Mar 17
Full year 2025 earnings released: ر.س3.05 loss per share (vs ر.س1.23 profit in FY 2024) Full year 2025 results: ر.س3.05 loss per share (down from ر.س1.23 profit in FY 2024). Revenue: ر.س582.1m (down 17% from FY 2024). Net loss: ر.س91.6m (down 404% from profit in FY 2024). 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 20% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 12
Third quarter 2025 earnings released: ر.س0.32 loss per share (vs ر.س0.29 profit in 3Q 2024) Third quarter 2025 results: ر.س0.32 loss per share (down from ر.س0.29 profit in 3Q 2024). Revenue: ر.س136.7m (down 25% from 3Q 2024). Net loss: ر.س9.45m (down 261% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Board Change • Oct 09
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. 5 experienced directors. No highly experienced directors. Independent Director Khaled Mohammed Bajnaid was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 12
Second quarter 2025 earnings released: ر.س0.12 loss per share (vs ر.س0.57 profit in 2Q 2024) Second quarter 2025 results: ر.س0.12 loss per share (down from ر.س0.57 profit in 2Q 2024). Revenue: ر.س147.0m (down 20% from 2Q 2024). Net loss: ر.س3.71m (down 133% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. New Risk • Aug 04
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ر.س371.4m (US$99.0m) 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 Risk Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risk Market cap is less than US$100m (ر.س371.4m market cap, or US$99.0m). New Risk • Jun 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 6.9% 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 Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change). New Risk • May 31
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% 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. This is currently the only risk that has been identified for the company. Reported Earnings • May 16
First quarter 2025 earnings released: ر.س0.18 loss per share (vs ر.س0.50 profit in 1Q 2024) First quarter 2025 results: ر.س0.18 loss per share (down from ر.س0.50 profit in 1Q 2024). Revenue: ر.س137.5m (down 29% from 1Q 2024). Net loss: ر.س35.4m (down 452% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Announcement • May 14
Salama Cooperative Insurance Company, Annual General Meeting, Jun 18, 2025 Salama Cooperative Insurance Company, Annual General Meeting, Jun 18, 2025, at 18:30 Arab Standard Time. Location: jeddah Saudi Arabia Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ر.س16.28, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 21x in the Insurance industry in Saudi Arabia. Total loss to shareholders of 20% over the past three years. New Risk • Mar 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: 4.3% Last year net profit margin: 6.2% 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 Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risks 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 (4.3% net profit margin). Reported Earnings • Mar 13
Full year 2024 earnings released: EPS: ر.س1.23 (vs ر.س3.25 in FY 2023) Full year 2024 results: EPS: ر.س1.23 (down from ر.س3.25 in FY 2023). Revenue: ر.س678.5m (down 18% from FY 2023). Net income: ر.س30.1m (down 41% from FY 2023). Profit margin: 4.4% (down from 6.2% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. New Risk • Feb 24
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 7.3% 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 Share price has been highly volatile over the past 3 months (7.3% average weekly change). Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risk Profit margins are more than 30% lower than last year (4.6% net profit margin). New Risk • Jan 31
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% 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 Risk Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (4.6% net profit margin). Valuation Update With 7 Day Price Move • Jan 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ر.س19.84, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 19x in the Insurance industry in Saudi Arabia. Total loss to shareholders of 15% over the past three years. New Risk • Dec 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 4.8% 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: Minor Risks Share price has been volatile over the past 3 months (4.8% average weekly change). Profit margins are more than 30% lower than last year (4.6% net profit margin). Market cap is less than US$100m (ر.س422.0m market cap, or US$112.3m). Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ر.س17.32, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 18x in the Insurance industry in Saudi Arabia. Total loss to shareholders of 44% over the past three years. Reported Earnings • Nov 12
Third quarter 2024 earnings released: EPS: ر.س0.29 (vs ر.س1.27 in 3Q 2023) Third quarter 2024 results: EPS: ر.س0.29 (down from ر.س1.27 in 3Q 2023). Revenue: ر.س177.6m (down 11% from 3Q 2023). Net income: ر.س5.89m (down 54% from 3Q 2023). Profit margin: 3.3% (down from 6.4% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. New Risk • Aug 16
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: 5.4% Last year net profit margin: 8.9% 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 Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Minor Risk Profit margins are more than 30% lower than last year (5.4% net profit margin). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ر.س23.22, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 22x in the Insurance industry in Saudi Arabia. Total loss to shareholders of 47% over the past three years. Announcement • May 25
Salama Cooperative Insurance Company, Annual General Meeting, Jun 13, 2024 Salama Cooperative Insurance Company, Annual General Meeting, Jun 13, 2024, at 19:00 Arab Standard Time. Location: jeddah Saudi Arabia Reported Earnings • May 23
First quarter 2024 earnings released: EPS: ر.س0.50 (vs ر.س1.27 in 1Q 2023) First quarter 2024 results: EPS: ر.س0.50 (down from ر.س1.27 in 1Q 2023). Revenue: ر.س194.3m (down 8.3% from 1Q 2023). Net income: ر.س10.1m (down 21% from 1Q 2023). Profit margin: 5.2% (down from 6.0% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ر.س30.00, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 24x in the Insurance industry in Saudi Arabia. Total loss to shareholders of 26% over the past three years. Reported Earnings • Mar 29
Full year 2023 earnings released: EPS: ر.س3.25 (vs ر.س5.83 loss in FY 2022) Full year 2023 results: EPS: ر.س3.25 (up from ر.س5.83 loss in FY 2022). Revenue: ر.س829.0m (up 46% from FY 2022). Net income: ر.س51.3m (up ر.س109.6m from FY 2022). Profit margin: 6.2% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Announcement • Mar 20
Salama Cooperative Insurance Company has filed a Follow-on Equity Offering in the amount of SAR 100 million. Salama Cooperative Insurance Company has filed a Follow-on Equity Offering in the amount of SAR 100 million.
Security Name: Shares
Security Type: Common Stock
Transaction Features: Rights Offering Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ر.س32.75, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 21x in the Insurance industry in Saudi Arabia. Total loss to shareholders of 21% over the past three years. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ر.س24.66, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 17x in the Insurance industry in Saudi Arabia. Total loss to shareholders of 40% over the past three years. Announcement • Nov 23
Salama Cooperative Insurance Company Announces to Appointment of Chairman and Member of the Audit Committee SALAMA Cooperative Insurance Company announced that it has obtained the No Objection from the Saudi Central Bank on November 20, 2023 appointing the Chairman and members of the Audit Committee as follows: Mohammed Taha Alsafi (Chairman of the audit committee - Board Member); Noha Abdulghani Suleimani (member - outside the board); Ghassan Omar Shoibe (member - outside the board); Salah Mohammed Baraba (member - outside the board). This is based on the of the Board of Directors to circulate on October 31, 2023 until the end of the current session of the Board of Directors on September 10, 2025. Mohammed Taha Alsafi (Chairman of the audit committee Board Member); Membership Start Date: November 20, 2023. Mr. Mohammed Taha Al-Safi holds a bachelors degree in management information systems from King Fahd University of Petroleum and Minerals, and is an Independent member of the Board of Directors of SALAMA Cooperative Insurance Company, and held several executive positions in several companies. Noha Abdulghani Suleimani (member outside the board): Membership start date: November 20, 2023. Ms. Noha Abdulghani Soleimani holds a bachelor's degree in accounting from King Abdulaziz University and a master's degree in finance and investment from the University of Leeds, UK, and obtained CME1 & CME2; moreover, she served as the Chairman of the Audit Committee also Vice Chairman of the Board of Directors in listed companies in Saudi market, Ms. Noha works as Consultant and Head of Compliance & AML/CFT, also She has experience in the field of banking and insurance. Ghassan Omar Shoibe (member outside the board): Membership Start Date: November 20, 2023. Mr. Ghassan Omar Shuaib holds a bachelors degree in accounting from King Abdulaziz University and a masters degree in international management from Thunderbird University, USA, he holds a several executive positions and consulting firms. Salah Mohammed Baraba (member outside the board): Membership start date: November 20, 2023. Mr. Salah Mohammed Barbaa holds a bachelor's degree in accounting from King Abdulaziz University, a fellow and member of the Saudi Organization for chartered and Professional Accountant, a diploma in International Financial Reporting Standards and a bankruptcy trustee licensed by the Saudi Bankruptcy Commission, and he has experience in the Banking felid for 17 years. Reported Earnings • Nov 11
Third quarter 2023 earnings released: EPS: ر.س1.27 (vs ر.س0.61 in 3Q 2022) Third quarter 2023 results: EPS: ر.س1.27 (up from ر.س0.61 in 3Q 2022). Revenue: ر.س198.6m (up 24% from 3Q 2022). Net income: ر.س12.7m (up 109% from 3Q 2022). Profit margin: 6.4% (up from 3.8% in 3Q 2022). The increase in margin 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 fallen by 31% per year, which means it is performing significantly worse than earnings. New Risk • Nov 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 100% 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 (13% average weekly change). Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment deteriorates as stock falls 35% After last week's 35% share price decline to ر.س20.50, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 20x in the Insurance industry in Saudi Arabia. Total loss to shareholders of 64% over the past three years. New Risk • Oct 08
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 6.7% 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 Risk Share price has been highly volatile over the past 3 months (6.7% average weekly change). Minor Risk Market cap is less than US$100m (ر.س301.5m market cap, or US$80.4m). Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ر.س28.80, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 23x in the Insurance industry in Saudi Arabia. Total loss to shareholders of 28% over the past three years. Reported Earnings • Aug 18
Second quarter 2023 earnings released: EPS: ر.س1.77 (vs ر.س6.16 loss in 2Q 2022) Second quarter 2023 results: EPS: ر.س1.77 (up from ر.س6.16 loss in 2Q 2022). Revenue: ر.س204.0m (up 79% from 2Q 2022). Net income: ر.س17.7m (up ر.س79.2m from 2Q 2022). Profit margin: 8.7% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 45% 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. Reported Earnings • Jul 13
First quarter 2023 earnings released: EPS: ر.س1.27 (vs ر.س0.83 loss in 1Q 2022) First quarter 2023 results: EPS: ر.س1.27 (up from ر.س0.83 loss in 1Q 2022). Revenue: ر.س206.0m (up 84% from 1Q 2022). Net income: ر.س12.6m (up ر.س21.0m from 1Q 2022). Profit margin: 6.1% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • May 23
Salama Cooperative Insurance Company announced a financing transaction Salama Cooperative Insurance Company announced a private placement of common shares on May 21, 2023. The transaction has been approved by the board of directors of the company. Board Change • Nov 16
Less than half of directors are independent There are 7 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: 7 new directors. No experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Director Mohammed Alsafi is the most experienced director on the board, commencing their role in 2022. Independent Chairman of the Board Mountasar Foudah 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 • Nov 10
Third quarter 2022 earnings released: EPS: ر.س0.61 (vs ر.س3.81 loss in 3Q 2021) Third quarter 2022 results: EPS: ر.س0.61 (up from ر.س3.81 loss in 3Q 2021). Revenue: ر.س150.7m (up 38% from 3Q 2021). Net income: ر.س6.06m (up ر.س44.2m from 3Q 2021). Profit margin: 4.0% (up from net loss in 3Q 2021). The move to profitability was primarily driven by higher revenue. 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 18% per year, which means it has not declined as severely as earnings. Announcement • Oct 26
Salama Cooperative Insurance Company, Announces the Appointment of the Board Chairman, the Vice Chairman, and the Board Committees Salama Cooperative Insurance Company announced appointment of Mr. Mountasar Mohammed Foudah ? as the Chairman of the Board (Independent). The appointment of Mr. Adnan Jameel Khoja - as the Vice Chairman of the Board (Non-Executive). Formation of the Executive Committee: Mr. Mountasar Mohammed Foudah - as the Chairman (independent); Mr. Bader Khalid Alanzi - Member (Executive); Mr. Khaled Mohammed Salem Bajnaid - Member (Non-Executive); Formation of the nomination and Remuneration Committee: Mr. Wael Abdulrahman Albassam - Chairman (Independent); Mr. Abdullah Adel Sultan - Member (Independent); Mr. Adnan Jameel Khoja - Member (Non-Executive); Formation of the Investment Committee: Mr. Khaled Mohammed Salem Bajnaid - Chairman (Non-Executive); Mr. Bader Khalid Alanzi - Member (Executive); Mr. Abdullah Adel Sultan - Member (Independent). Formation of the risk Committee: Mr. Adnan Jameel Khoja - Chairman (Non-Executive); Mr. Wael Abdulrahman Albassam - Member (Independent) and Mr. Mountasar Mohammed Foudah - Member (Independent). Reported Earnings • Sep 02
Second quarter 2022 earnings released: ر.س2.46 loss per share (vs ر.س0.14 loss in 2Q 2021) Second quarter 2022 results: ر.س2.46 loss per share (down from ر.س0.14 loss in 2Q 2021). Revenue: ر.س114.2m (up 6.9% from 2Q 2021). Net loss: ر.س61.6m (loss widened ر.س60.2m from 2Q 2021). 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 • Aug 23
Salama Cooperative Insurance Company, Annual General Meeting, Sep 11, 2022 Salama Cooperative Insurance Company, Annual General Meeting, Sep 11, 2022, at 18:30 Arabian Standard Time. Location: Jeddah city, In Salama Headquarter Office in AL-Madinah Road Jeedah Saudi Arabia Agenda: To consider voting on the election of the members of the board of directors from among the candidates for the next session starting from 11/09/2022 and its duration of three years where it ends on 10/09/2025; and to vote on the approval of the work of the board of directors from the end of its session 24/07/2022 until the date of the Ordinary General Assembly on 11/09/2022. Announcement • Jun 06
Salama Cooperative Insurance Company, Annual General Meeting, Jun 26, 2022 Salama Cooperative Insurance Company, Annual General Meeting, Jun 26, 2022, at 18:30 Arabian Standard Time. Location: At the headquarters in Jeddah - Al-Salama district Al-Madina Road descending- salama tower- floor12 Jeddah Saudi Arabia Agenda: To consider Voting on the Board Annual Report for the fiscal year ended on 31 December 2021; to consider Voting on External Auditors Report for the fiscal year ended on 31 December 2021; to consider Voting on absolve board of directors of the company from during the fiscal year ending 31/12/2021; to consider Voting on Remuneration Policy for the Board of Director and Executive Management; to consider Voting on the amended Corporate Governance Policy; to consider Voting on the amended Salama Audit Committee; and to consider other matters. Reported Earnings • May 31
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: ر.س0.33 loss per share (down from ر.س0.047 profit in 1Q 2021). Revenue: ر.س112.6m (up 4.0% from 1Q 2021). Net loss: ر.س8.33m (down ر.س9.50m from profit in 1Q 2021). Revenue exceeded analyst estimates by 8.5%. Earnings per share (EPS) also surpassed analyst estimates by 40%. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Apr 05
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: ر.س4.50 loss per share (down from ر.س0.15 profit in FY 2020). Revenue: ر.س419.9m (up 2.2% from FY 2020). Net loss: ر.س112.4m (down ر.س116.1m from profit in FY 2020). Revenue exceeded analyst estimates by 8.5%. Earnings per share (EPS) missed analyst estimates by 40%. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Executive Departure • Dec 03
Independent Deputy Chairman of the Board Omar Makurish has left the company On the 28th of November, Omar Makurish's tenure as Independent Deputy Chairman of the Board ended after 1.1 years in the role. As of September 2021, Omar still personally held only 250.00 shares (ر.س6.0k worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Dec 01
Chief Executive Officer Omar Al-Ajlani has left the company On the 30th of November, Omar Al-Ajlani's tenure as Chief Executive Officer of the company ended after 5.5 years in the role. We don't have any record of a personal shareholding under Omar's name. Omar is the only executive to leave the company over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Omar's leadership, the company delivered a total shareholder return of 33%. Reported Earnings • Nov 21
Third quarter 2021 earnings released: ر.س1.52 loss per share (vs ر.س0.067 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings and control over costs, although revenues were flat. Third quarter 2021 results: Revenue: ر.س109.0m (flat on 3Q 2020). Net loss: ر.س38.1m (down ر.س39.8m from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 6% per year. Reported Earnings • Aug 27
Second quarter 2021 earnings released: ر.س0.057 loss per share (vs ر.س1.12 profit in 2Q 2020) The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: ر.س106.5m (up 9.8% from 2Q 2020). Net loss: ر.س1.42m (down 105% from profit in 2Q 2020). 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 12% per year, which means it is well ahead of earnings. Reported Earnings • Jun 01
First quarter 2021 earnings released: EPS ر.س0.047 (vs ر.س0.98 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ر.س108.3m (up 8.8% from 1Q 2020). Net income: ر.س1.17m (up ر.س25.7m from 1Q 2020). Profit margin: 1.1% (up from net loss in 1Q 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Apr 15
Full year 2020 earnings released: EPS ر.س0.15 (vs ر.س2.41 loss 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: ر.س404.5m (down 23% from FY 2019). Net income: ر.س3.70m (up ر.س63.8m from FY 2019). Profit margin: 0.9% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Announcement • Dec 13
Salama Cooperative Insurance Company, Annual General Meeting, Dec 28, 2020 Salama Cooperative Insurance Company, Annual General Meeting, Dec 28, 2020, at 18:30 Arab Standard Time. Is New 90 Day High Low • Dec 01
New 90-day high: ر.س27.50 The company is up 90% from its price of ر.س14.44 on 02 September 2020. The Saudi market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 12% over the same period. Reported Earnings • Nov 17
Third quarter 2020 earnings released: EPS ر.س0.067 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ر.س109.7m (up 6.1% from 3Q 2019). Net income: ر.س1.68m (up ر.س17.5m from 3Q 2019). Profit margin: 1.5% (up from net loss in 3Q 2019). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 89% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Oct 06
New 90-day high: ر.س23.66 The company is up 79% from its price of ر.س13.24 on 08 July 2020. The Saudi market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 22% over the same period. 
