Price Target Changed • Jul 04
Price target decreased by 14% to ر.س103 Down from ر.س120, the current price target is an average from 3 analysts. New target price is 14% above last closing price of ر.س89.80. Stock is down 16% over the past year. The company is forecast to post earnings per share of ر.س1.94 for next year compared to ر.س3.42 last year. Announcement • Jun 09
Arabian Contracting Services Company, Annual General Meeting, Jun 29, 2026 Arabian Contracting Services Company, Annual General Meeting, Jun 29, 2026, at 20:00 Arab Standard Time. Location: riyadh Saudi Arabia Reported Earnings • May 20
First quarter 2026 earnings released: EPS: ر.س0.16 (vs ر.س0.88 in 1Q 2025) First quarter 2026 results: EPS: ر.س0.16 (down from ر.س0.88 in 1Q 2025). Revenue: ر.س415.6m (down 24% from 1Q 2025). Net income: ر.س8.88m (down 82% from 1Q 2025). Profit margin: 2.1% (down from 8.9% in 1Q 2025). Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Media industry in Asia. Over the last 3 years on average, earnings per share has fallen by 52% 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. Reported Earnings • Apr 10
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: ر.س3.42 (down from ر.س4.94 in FY 2024). Revenue: ر.س1.95b (up 16% from FY 2024). Net income: ر.س188.0m (down 31% from FY 2024). Profit margin: 9.6% (down from 16% in FY 2024). Revenue missed analyst estimates by 6.1%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Media industry in Asia. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Board Change • Apr 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Vice Chairman of the Board Muhammad Al Nemer was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 20
Third quarter 2025 earnings released: ر.س4.00 loss per share (vs ر.س0.81 profit in 3Q 2024) Third quarter 2025 results: ر.س4.00 loss per share (down from ر.س0.81 profit in 3Q 2024). Revenue: ر.س418.7m (up 19% from 3Q 2024). Net loss: ر.س218.3m (down ر.س262.6m from profit in 3Q 2024). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Media industry in Asia. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Reported Earnings • Aug 19
Second quarter 2025 earnings released: ر.س2.85 loss per share (vs ر.س0.86 profit in 2Q 2024) Second quarter 2025 results: ر.س2.85 loss per share (down from ر.س0.86 profit in 2Q 2024). Revenue: ر.س430.3m (up 15% from 2Q 2024). Net loss: ر.س156.7m (down 431% from profit in 2Q 2024). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Media industry in Asia. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Price Target Changed • Aug 07
Price target decreased by 12% to ر.س153 Down from ر.س174, the current price target is an average from 4 analysts. New target price is 58% above last closing price of ر.س96.95. Stock is down 47% over the past year. The company is forecast to post earnings per share of ر.س4.22 for next year compared to ر.س4.94 last year. New Risk • Jul 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Earnings are forecast to decline by an average of 5.0% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (12% net profit margin). Announcement • Jun 04
Arabian Contracting Services Company, Annual General Meeting, Jun 26, 2025 Arabian Contracting Services Company, Annual General Meeting, Jun 26, 2025, at 19:15 Arab Standard Time. Location: riyadh Saudi Arabia New Risk • May 16
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 Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (16% net profit margin). Major Estimate Revision • May 13
Consensus revenue estimates fall by 11% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ر.س2.40b to ر.س2.13b. EPS estimate fell from ر.س7.33 to ر.س4.12 per share. Net income forecast to grow 78% next year vs 23% growth forecast for Media industry in Saudi Arabia. Consensus price target of ر.س205 unchanged from last update. Share price was steady at ر.س130 over the past week. New Risk • May 10
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 34% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (16% net profit margin). Reported Earnings • May 08
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: ر.س4.93 (down from ر.س5.83 in FY 2023). Revenue: ر.س1.69b (up 32% from FY 2023). Net income: ر.س267.4m (down 17% from FY 2023). Profit margin: 16% (down from 25% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 6.8%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Media industry in Asia. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 11% per year. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ر.س113, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 17x in the Media industry in Asia. Total returns to shareholders of 3.4% over the past three years. New Risk • Apr 06
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.7% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). High level of non-cash earnings (20% accrual ratio). 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 (18% net profit margin). Buy Or Sell Opportunity • Mar 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.4% to ر.س137. The fair value is estimated to be ر.س173, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 21% per annum. Earnings are also forecast to grow by 31% per annum over the same time period. Price Target Changed • Dec 27
Price target decreased by 7.7% to ر.س197 Down from ر.س213, the current price target is an average from 5 analysts. New target price is 34% above last closing price of ر.س147. Stock is down 32% over the past year. The company is forecast to post earnings per share of ر.س4.74 for next year compared to ر.س5.83 last year. Major Estimate Revision • Dec 19
Consensus EPS estimates fall by 19% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ر.س6.40 to ر.س5.22 per share. Revenue forecast steady at ر.س1.65b. Net income forecast to grow 79% next year vs 24% growth forecast for Media industry in Saudi Arabia. Consensus price target down from ر.س234 to ر.س216. Share price was steady at ر.س158 over the past week. Major Estimate Revision • Nov 28
Consensus revenue estimates fall by 10% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ر.س1.84b to ر.س1.65b. EPS estimate fell from ر.س6.80 to ر.س6.40 per share. Net income forecast to grow 92% next year vs 24% growth forecast for Media industry in Saudi Arabia. Consensus price target down from ر.س253 to ر.س234. Share price rose 6.8% to ر.س163 over the past week. Price Target Changed • Nov 27
Price target decreased by 14% to ر.س234 Down from ر.س271, the current price target is an average from 5 analysts. New target price is 47% above last closing price of ر.س160. Stock is down 12% over the past year. The company is forecast to post earnings per share of ر.س6.40 for next year compared to ر.س6.41 last year. New Risk • Nov 18
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 20% 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 Interest payments are not well covered by earnings (2.2x net interest cover). High level of non-cash earnings (20% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (18% net profit margin). Reported Earnings • Nov 14
Third quarter 2024 earnings released: EPS: ر.س0.89 (vs ر.س1.26 in 3Q 2023) Third quarter 2024 results: EPS: ر.س0.89 (down from ر.س1.26 in 3Q 2023). Revenue: ر.س352.9m (up 16% from 3Q 2023). Net income: ر.س44.3m (down 30% from 3Q 2023). Profit margin: 13% (down from 21% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Media industry in Asia. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 16% per year. Announcement • Oct 22
An undisclosed group of investors acquired 4.90% stake in Arabian Contracting Services Company (SASE:4071) from MBC Group (SASE:4072) on October 20, 2024. An undisclosed group of investors acquired 4.90% stake in Arabian Contracting Services Company (SASE:4071) from MBC Group (SASE:4072) for SAR 416.5 million on October 20, 2024. The sale comprising 2,450,000 shares, which represent 4.9% of AlArabia's share capital, to a number of investors. This decision comes as a strategic financial step taken by MBC Group to meet its financial obligations and strengthen its financial position, as stated in their Tadawul announcement and prospectus of MBC Group. The Group will retain a 15.1% stake in AlArabia as an investment in an associated company and these remaining shares held by MBC Group will be subject to a 6 month contractual lock-up undertaking starting from the transaction execution date.
An undisclosed group of investors completed the acquisition of 4.90% stake in Arabian Contracting Services Company (SASE:4071) from MBC Group (SASE:4072) on October 20, 2024. Buy Or Sell Opportunity • Sep 29
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to ر.س201. The fair value is estimated to be ر.س252, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 22%. For the next 3 years, revenue is forecast to grow by 20% per annum. Earnings are also forecast to grow by 24% per annum over the same time period. New Risk • Aug 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 5.7% 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 Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risk Share price has been volatile over the past 3 months (5.7% average weekly change). Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: ر.س0.95 (vs ر.س1.71 in 2Q 2023) Second quarter 2024 results: EPS: ر.س0.95 (down from ر.س1.71 in 2Q 2023). Revenue: ر.س374.1m (up 27% from 2Q 2023). Net income: ر.س47.3m (down 45% from 2Q 2023). Profit margin: 13% (down from 29% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Media industry in Asia. Major Estimate Revision • Jun 21
Consensus EPS estimates fall by 14% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ر.س8.13 to ر.س7.01 per share. Revenue forecast steady at ر.س1.84b. Net income forecast to grow 17% next year vs 31% growth forecast for Media industry in Saudi Arabia. Consensus price target of ر.س270 unchanged from last update. Share price was steady at ر.س225 over the past week. Announcement • Jun 08
Arabian Contracting Services Company, Annual General Meeting, Jun 30, 2024 Arabian Contracting Services Company, Annual General Meeting, Jun 30, 2024, at 19:10 Arab Standard Time. Location: riyadh Saudi Arabia Major Estimate Revision • Jun 05
Consensus EPS estimates increase by 26% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from ر.س1.78b to ر.س1.82b. EPS estimate increased from ر.س7.10 to ر.س8.92 per share. Net income forecast to grow 21% next year vs 31% growth forecast for Media industry in Saudi Arabia. Consensus price target up from ر.س269 to ر.س275. Share price rose 5.3% to ر.س210 over the past week. Reported Earnings • May 22
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: EPS: ر.س2.02 (up from ر.س1.84 in 1Q 2023). Revenue: ر.س439.1m (up 41% from 1Q 2023). Net income: ر.س100.8m (up 9.8% from 1Q 2023). Profit margin: 23% (down from 29% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Media industry in Asia. Major Estimate Revision • Apr 23
Consensus EPS estimates fall by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ر.س2.30b to ر.س2.08b. EPS estimate also fell from ر.س9.23 per share to ر.س7.55 per share. Net income forecast to grow 78% next year vs 26% growth forecast for Media industry in Saudi Arabia. Consensus price target broadly unchanged at ر.س275. Share price was steady at ر.س225 over the past week. New Risk • Apr 11
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 116% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.5% average weekly change). Minor Risk High level of debt (116% net debt to equity). Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to ر.س209, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Media industry in Asia. Total returns to shareholders of 86% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ر.س313 per share. Buy Or Sell Opportunity • Mar 07
Now 21% undervalued Over the last 90 days, the stock has risen 27% to ر.س258. The fair value is estimated to be ر.س326, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 55%. For the next 3 years, revenue is forecast to grow by 24% per annum. Earnings are also forecast to grow by 28% per annum over the same time period. Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ر.س270, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 15x in the Media industry in Asia. Total returns to shareholders of 151% over the past year. New Risk • Nov 13
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 137% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (137% net debt to equity). Share price has been volatile over the past 3 months (6.4% average weekly change). Reported Earnings • Nov 12
Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2023 results: EPS: ر.س1.26 (down from ر.س1.32 in 3Q 2022). Revenue: ر.س304.0m (up 18% from 3Q 2022). Net income: ر.س62.9m (down 4.5% from 3Q 2022). Profit margin: 21% (down from 26% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 29%. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Media industry in Asia. 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. This is currently the only risk that has been identified for the company. New Risk • Aug 17
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 95% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (95% net debt to equity). Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (7.1% average weekly change). Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: ر.س1.70 (vs ر.س1.26 in 2Q 2022) Second quarter 2023 results: EPS: ر.س1.70 (up from ر.س1.26 in 2Q 2022). Revenue: ر.س294.3m (up 12% from 2Q 2022). Net income: ر.س85.0m (up 35% from 2Q 2022). Profit margin: 29% (up from 24% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Media industry in Asia. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ر.س220, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 15x in the Media industry in Asia. Total returns to shareholders of 108% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ر.س216 per share. New Risk • Jun 29
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: Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (5.3% average weekly change). Upcoming Dividend • Jun 15
Upcoming dividend of ر.س0.40 per share at 2.3% yield Eligible shareholders must have bought the stock before 22 June 2023. Payment date: 13 July 2023. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Saudi dividend payers (4.2%). In line with average of industry peers (2.3%). Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ر.س161, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 15x in the Media industry in Asia. Total returns to shareholders of 67% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ر.س113 per share. Reported Earnings • Nov 12
Third quarter 2022 earnings released: EPS: ر.س1.32 (vs ر.س1.14 in 3Q 2021) Third quarter 2022 results: EPS: ر.س1.32 (up from ر.س1.14 in 3Q 2021). Revenue: ر.س257.7m (up 37% from 3Q 2021). Net income: ر.س65.9m (up 15% from 3Q 2021). Profit margin: 26% (down from 30% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Media industry in Asia. Announcement • Oct 13
Arabian Contracting Services Company (SASE:4071) entered into an agreement to acquire Faden Media from Prince Abdulaziz bin Mashhor bin Mosaad bin Abdulaziz Al Saud for SAR 1.1 billion. Arabian Contracting Services Company (SASE:4071) entered into an agreement to acquire Faden Media from Prince Abdulaziz bin Mashhor bin Mosaad bin Abdulaziz Al Saud for SAR 1.1 billion on October 11, 2022. Arabian Contracting Services will pay 70% of the transaction value upon completion of the agreement and the remaining 30% will be paid on March 31, 2023. The transaction will be financed from the bank loans and from own resources. Faden has revenues of SAR 144.6 from 2021. The acquisition is approved by board of directors of Arabian Contracting Services. The completion of the transaction is subject to a few preconditions including obtaining approvals from the relevant government authorities, and obtaining the approval of the General Authority for Competition. Upcoming Dividend • Sep 28
Upcoming dividend of ر.س1.90 per share Eligible shareholders must have bought the stock before 05 October 2022. Payment date: 19 October 2022. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Saudi dividend payers (4.7%). Lower than average of industry peers (2.8%). Announcement • Sep 07
Arabian Contracting Services Company Recommends Cash Dividend First Half of the Year 2022 The Board of Directors of Arabian Contracting Services Company recommended distributing cash dividend of SAR 1.90 per share to the Shareholders for the first half of the year 2022. Reported Earnings • Aug 25
Second quarter 2022 earnings released: EPS: ر.س1.26 (vs ر.س0.98 in 2Q 2021) Second quarter 2022 results: EPS: ر.س1.26 (up from ر.س0.98 in 2Q 2021). Revenue: ر.س263.6m (up 67% from 2Q 2021). Net income: ر.س62.8m (up 28% from 2Q 2021). Profit margin: 24% (down from 31% in 2Q 2021). The decrease in margin was driven by higher expenses. Reported Earnings • May 26
First quarter 2022 earnings released: EPS: ر.س1.30 (vs ر.س0.59 in 1Q 2021) First quarter 2022 results: EPS: ر.س1.30 (up from ر.س0.59 in 1Q 2021). Revenue: ر.س287.4m (up 93% from 1Q 2021). Net income: ر.س64.9m (up 119% from 1Q 2021). Profit margin: 23% (up from 20% in 1Q 2021). The increase in margin was driven by higher revenue. Reported Earnings • Mar 11
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ر.س4.13 (up from ر.س0.50 in FY 2020). Revenue: ر.س720.3m (up 45% from FY 2020). Net income: ر.س206.2m (up ر.س181.0m from FY 2020). Profit margin: 29% (up from 5.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Announcement • Mar 07
Arabian Contracting Services Company Recommends Cash Dividend for the Year 2021 The Board of Directors of Arabian Contracting Services Company recommended distributing cash dividend of SAR 1.86 per share to the Shareholders for the year 2021.