Reported Earnings • May 06
First quarter 2026 earnings released: EPS: ر.س0.22 (vs ر.س0.20 in 1Q 2025) First quarter 2026 results: EPS: ر.س0.22 (up from ر.س0.20 in 1Q 2025). Revenue: ر.س103.9m (up 49% from 1Q 2025). Net income: ر.س50.5m (up 20% from 1Q 2025). Profit margin: 49% (down from 61% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Real Estate industry in Saudi Arabia. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Declared Dividend • Apr 25
Final dividend of ر.س0.25 announced Dividend of ر.س0.25 is the same as last year. Ex-date: 14th May 2026 Payment date: 1st January 1970 Dividend yield will be 2.8%, which is lower than the industry average of 3.9%. Sustainability & Growth Dividend is covered by both earnings (31% earnings payout ratio) and cash flows (84% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 82% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 23
Arriyadh Development Co., Annual General Meeting, May 13, 2026 Arriyadh Development Co., Annual General Meeting, May 13, 2026, at 19:15 Arab Standard Time. Location: riyadh Saudi Arabia New Risk • Mar 06
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: 57% Last year net profit margin: 92% 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: 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 (57% net profit margin). Reported Earnings • Mar 06
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: ر.س1.30 (down from ر.س1.67 in FY 2024). Revenue: ر.س517.0m (up 61% from FY 2024). Net income: ر.س296.1m (flat on FY 2024). Profit margin: 57% (down from 92% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 9.4%. Earnings per share (EPS) also missed analyst estimates by 4.4%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Real Estate industry in Saudi Arabia. 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 1% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 01
Third quarter 2025 earnings released: EPS: ر.س0.61 (vs ر.س0.25 in 3Q 2024) Third quarter 2025 results: EPS: ر.س0.61 (up from ر.س0.25 in 3Q 2024). Revenue: ر.س210.5m (up 164% from 3Q 2024). Net income: ر.س143.8m (up 225% from 3Q 2024). Profit margin: 68% (up from 56% in 3Q 2024). The increase in margin was driven by higher revenue. 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 14% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of ر.س0.25 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 16 October 2025. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Saudi dividend payers (5.5%). Lower than average of industry peers (2.7%). Reported Earnings • Jul 31
Second quarter 2025 earnings released: EPS: ر.س0.30 (vs ر.س0.52 in 2Q 2024) Second quarter 2025 results: EPS: ر.س0.30 (down from ر.س0.52 in 2Q 2024). Revenue: ر.س72.9m (down 5.4% from 2Q 2024). Net income: ر.س65.6m (down 29% from 2Q 2024). Profit margin: 90% (down from 119% in 2Q 2024). 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 13% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 13
First quarter 2025 earnings released: EPS: ر.س0.20 (vs ر.س0.40 in 1Q 2024) First quarter 2025 results: EPS: ر.س0.20 (down from ر.س0.40 in 1Q 2024). Revenue: ر.س90.7m (up 16% from 1Q 2024). Net income: ر.س42.1m (down 40% from 1Q 2024). Profit margin: 46% (down from 90% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Real Estate industry in Saudi Arabia. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 8% per year. Upcoming Dividend • May 04
Upcoming dividend of ر.س0.25 per share Eligible shareholders must have bought the stock before 11 May 2025. Payment date: 25 May 2025. Payout ratio is a comfortable 30% but the company is paying out more than the cash it is generating. Trailing yield: 1.5%. Lower than top quartile of Saudi dividend payers (5.3%). Lower than average of industry peers (2.2%). Announcement • Apr 17
Arriyadh Development Co., Annual General Meeting, May 08, 2025 Arriyadh Development Co., Annual General Meeting, May 08, 2025, at 19:00 Arab Standard Time. Location: riyadh Saudi Arabia New Risk • Mar 27
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 32% 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 (32% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (5.8% average weekly change). New Risk • Mar 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 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. This is currently the only risk that has been identified for the company. New Risk • Feb 28
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: 54% Last year net profit margin: 80% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 28
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: ر.س1.67 (up from ر.س1.53 in FY 2023). Revenue: ر.س550.2m (up 62% from FY 2023). Net income: ر.س296.2m (up 9.1% from FY 2023). Profit margin: 54% (down from 80% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 46%. Earnings per share (EPS) also surpassed analyst estimates by 30%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Real Estate industry in Saudi Arabia. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: ر.س0.11 (vs ر.س0.26 in 3Q 2023) Third quarter 2024 results: EPS: ر.س0.11 (down from ر.س0.26 in 3Q 2023). Revenue: ر.س79.6m (up 2.1% from 3Q 2023). Net income: ر.س44.2m (down 4.7% from 3Q 2023). Profit margin: 56% (down from 60% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Real Estate industry in Saudi Arabia. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Upcoming Dividend • Aug 26
Upcoming dividend of ر.س0.25 per share Eligible shareholders must have bought the stock before 02 September 2024. Payment date: 19 September 2024. Payout ratio is a comfortable 25% but the company is paying out more than the cash it is generating. Trailing yield: 1.9%. Lower than top quartile of Saudi dividend payers (4.4%). Lower than average of industry peers (2.5%). Reported Earnings • Aug 03
Second quarter 2024 earnings released: EPS: ر.س0.52 (vs ر.س0.24 in 2Q 2023) Second quarter 2024 results: EPS: ر.س0.52 (up from ر.س0.24 in 2Q 2023). Revenue: ر.س142.5m (up 105% from 2Q 2023). Net income: ر.س91.9m (up 112% from 2Q 2023). Profit margin: 65% (up from 62% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% 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. Reported Earnings • May 11
First quarter 2024 earnings released: EPS: ر.س0.40 (vs ر.س0.18 in 1Q 2023) First quarter 2024 results: EPS: ر.س0.40 (up from ر.س0.18 in 1Q 2023). Revenue: ر.س78.4m (up 13% from 1Q 2023). Net income: ر.س70.5m (up 118% from 1Q 2023). Profit margin: 90% (up from 47% in 1Q 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • May 08
Now 20% undervalued Over the last 90 days, the stock has risen 4.2% to ر.س23.42. The fair value is estimated to be ر.س29.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Earnings per share has declined by 16%. Reported Earnings • Mar 15
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: ر.س1.53 (down from ر.س1.69 in FY 2022). Revenue: ر.س339.2m (up 31% from FY 2022). Net income: ر.س271.5m (down 9.6% from FY 2022). Profit margin: 80% (down from 116% in FY 2022). Revenue exceeded analyst estimates by 20%. Earnings per share (EPS) also surpassed analyst estimates by 5.5%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Real Estate 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 increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • Nov 04
Third quarter 2023 earnings released: EPS: ر.س0.26 (vs ر.س0.37 in 3Q 2022) Third quarter 2023 results: EPS: ر.س0.26 (down from ر.س0.37 in 3Q 2022). Revenue: ر.س78.0m (up 22% from 3Q 2022). Net income: ر.س46.4m (down 29% from 3Q 2022). Profit margin: 60% (down from 103% in 3Q 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Real Estate industry in Asia. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Upcoming Dividend • Aug 06
Upcoming dividend of ر.س0.25 per share at 2.5% yield Eligible shareholders must have bought the stock before 13 August 2023. Payment date: 31 August 2023. Payout ratio is a comfortable 25% but the company is paying out more than the cash it is generating. Trailing yield: 2.5%. Lower than top quartile of Saudi dividend payers (4.4%). Lower than average of industry peers (4.0%). Reported Earnings • Jul 29
Second quarter 2023 earnings released: EPS: ر.س0.24 (vs ر.س0.32 in 2Q 2022) Second quarter 2023 results: EPS: ر.س0.24 (down from ر.س0.32 in 2Q 2022). Revenue: ر.س69.6m (up 8.9% from 2Q 2022). Net income: ر.س43.3m (down 25% from 2Q 2022). Profit margin: 62% (down from 90% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: ر.س0.37 (vs ر.س0.40 in 3Q 2021) Third quarter 2022 results: EPS: ر.س0.37 (down from ر.س0.40 in 3Q 2021). Revenue: ر.س63.7m (up 2.9% from 3Q 2021). Net income: ر.س65.4m (down 7.6% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Oct 04
Upcoming dividend of ر.س0.25 per share Eligible shareholders must have bought the stock before 11 October 2022. Payment date: 30 October 2022. Payout ratio is a comfortable 34% but the company is paying out more than the cash it is generating. Trailing yield: 4.7%. Within top quartile of Saudi dividend payers (4.5%). In line with average of industry peers (4.3%). Announcement • Sep 29
Arriyadh Development Co. Announces the Distribution of Cash Dividend for First Half 2022, payable on October 30, 2022 The Board of Directors of Al-Riyadh Development Company decided, in its meeting held on Rabi’ Al-Awwal 02, 1444 AH, corresponding to September 28, 2022 AD, to distribute cash dividends to the company’s shareholders for the first half of 2022 AD. The Total amount distributed: SAR 44,444,444.25. Number of Shares Eligible for Dividends: 177,777,777 shares. Dividend per share: SAR 25. Percentage of Dividend to the Share Par Value (%): 2.5 %. Eligibility date: The eligibility for profits is for the company’s shareholders who own shares on the due date October 10, 2022 AD and are registered in the company’s shareholders’ register with the Securities Depository Center Company at the end of the second trading day following the due date. Distribution Date: October 30, 2022. Additional Information: The distribution will be, God willing, through direct transfer to the bank accounts linked to the shareholders’ investment portfolios. The company calls upon the shareholders to update their data with the banks that hold their accounts to ensure that their due profits are deposited directly in the future. Reported Earnings • Aug 03
Second quarter 2022 earnings released: EPS: ر.س0.32 (vs ر.س0.81 in 2Q 2021) Second quarter 2022 results: EPS: ر.س0.32 (down from ر.س0.81 in 2Q 2021). Revenue: ر.س63.9m (up 1.4% from 2Q 2021). Net income: ر.س57.4m (down 60% from 2Q 2021). Profit margin: 90% (down from 228% in 2Q 2021). The decrease in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Board Change • Jul 31
High number of new directors Independent Director Suleiman bin Nasser Al-Hattlan was the last director to join the board, commencing their role in 2022. Announcement • Jun 30
Arriyadh Development Co. Approves Formation of the Audit Committee Arriyadh Development Co. Ordinary General Assembly held on June 29, 2022 approved the formation of the Audit Committee for the new session, starting from the date of the assembly-s convening June 29, 2022 until the end of the session on June 24, 2025, and its tasks, work regulations and remunerations for its members, and the candidates are Mr. Suleiman bin Nasser Al Hatlan Al-Qahtani - independent member. Nayef bin Ibrahim Al-Hadithi - independent member. Mr. Ahmed bin Abdullah Al-Kanhal - a member from outside the council. and Mr. Saleh bin Moqbel Al-Khalaf - a member from outside the council. Announcement • Jun 09
Arriyadh Development Co., Annual General Meeting, Jun 29, 2022 Arriyadh Development Co., Annual General Meeting, Jun 29, 2022, at 17:00 Coordinated Universal Time. Location: headquarters in Riyadh - Al-Dirah district - King Fahd Road Riyadh Saudi Arabia Board Change • Apr 27
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. 8 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Apr 22
Arriyadh Development Co. Proposes Distribution for the Second Half of the Year 2021 Arriyadh Development Co. recommends to distribute cash dividends to shareholders for the second half of the year 2021 AD in the amount of SAR 0.50 per share, which represents (5%) of the nominal value pershare, provided that the eligibility is for the shareholders who own the shares At theend of trading on the day of the General Assembly meeting and those who areregistered in the company's shareholders register with the Securities DepositoryCenter Company (Depository Center) at the end of the second trading day following the due date, and the dividend distribution date will be announced later. Reported Earnings • Apr 21
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: ر.س0.78 (up from ر.س0.63 in 1Q 2021). Revenue: ر.س61.1m (down 3.2% from 1Q 2021). Net income: ر.س138.9m (up 25% from 1Q 2021). Revenue exceeded analyst estimates by 373%. Earnings per share (EPS) also surpassed analyst estimates by 45%. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Feb 21
Arriyadh Development Co. Announces the Distribution of Cash Dividend for Second Half of 2021 Arriyadh Development Co. recommends in its meeting held on February 17, 2022 AD to distribute cash dividends of SAR 0.50 for each share to the shareholders of the company for the second half of 2021 AD in addition to what was distributed for the first half (1 riyal) for each share. The total of what was distributed for the year 2021 AD (1.50 riyals) per share. Reported Earnings • Feb 21
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: ر.س1.79 (up from ر.س1.28 in FY 2020). Revenue: ر.س250.9m (up 5.5% from FY 2020). Net income: ر.س318.3m (up 40% from FY 2020). Revenue exceeded analyst estimates by 373%. Earnings per share (EPS) also surpassed analyst estimates by 45%. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 22
Third quarter 2021 earnings released: EPS ر.س0.40 (vs ر.س0.31 in 3Q 2020) Third quarter 2021 results: Revenue: ر.س61.9m (up 3.6% from 3Q 2020). Net income: ر.س70.8m (up 28% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 28% per year. Executive Departure • Oct 03
CEO & Director Ali Bin Al Hassoun has left the company During their tenure, earnings grew by 12% annually compared to the industry average, which went down by 15%. On the 25th of September, Ali Bin Al Hassoun left the company after 10.0 years in the role. As of June 2021, Ali Bin still personally held 37.51k shares (ر.س918k worth at the time). Ali Bin is the only executive to leave the company over the last 12 months. Under Ali Bin's leadership, the company delivered a total shareholder return of 448%. Executive Departure • Sep 28
CEO & Director Ali Bin Al Hassoun has left the company During their tenure, earnings grew by 12% annually compared to the industry average, which went down by 15%. On the 25th of September, Ali Bin Al Hassoun left the company after 10.0 years in the role. As of June 2021, Ali Bin still personally held 37.51k shares (ر.س918k worth at the time). Ali Bin is the only executive to leave the company over the last 12 months. Under Ali Bin's leadership, the company delivered a total shareholder return of 448%. Upcoming Dividend • Sep 05
Upcoming dividend of ر.س1.00 per share Eligible shareholders must have bought the stock before 12 September 2021. Payment date: 30 September 2021. Trailing yield: 6.4%. Within top quartile of Saudi dividend payers (4.2%). Higher than average of industry peers (3.7%). Reported Earnings • Jul 15
Second quarter 2021 earnings released: EPS ر.س0.81 (vs ر.س0.31 in 2Q 2020) Second quarter 2021 results: Revenue: ر.س63.0m (up 9.8% from 2Q 2020). Net income: ر.س143.4m (up 163% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 08
First quarter 2021 earnings released: EPS ر.س0.63 (vs ر.س0.20 in 1Q 2020) First quarter 2021 results: Revenue: ر.س63.1m (up 11% from 1Q 2020). Net income: ر.س111.0m (up 216% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Reported Earnings • Mar 12
Full year 2020 earnings released: EPS ر.س1.28 (vs ر.س0.93 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.س237.7m (down 4.8% from FY 2019). Net income: ر.س227.9m (up 38% from FY 2019). Profit margin: 96% (up from 66% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Mar 12
Arriyadh Development Company Recommends Cash Dividends to Shareholders for the Second Half of 2020 Arriyadh Development Company announced during its meeting, the board of directors recommended cash dividends SAR of 115,555,555 or 65 halalas per share as cash dividends to shareholders for the second half of 2020. Is New 90 Day High Low • Feb 17
New 90-day high: ر.س18.68 The company is up 6.0% from its price of ر.س17.54 on 19 November 2020. The Saudi market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 7.0% over the same period. Is New 90 Day High Low • Jan 23
New 90-day high: ر.س17.82 The company is up 7.0% from its price of ر.س16.68 on 25 October 2020. The Saudi market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 10.0% over the same period. Reported Earnings • Oct 27
Third quarter earnings released Over the last 12 months the company has reported total profits of ر.س176.8m, down 2.8% from the prior year. Total revenue was ر.س236.8m over the last 12 months, down 6.3% from the prior year. Is New 90 Day High Low • Oct 09
New 90-day high: ر.س17.44 The company is up 21% from its price of ر.س14.42 on 09 July 2020. The Saudi market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Real Estate industry, which is up 30% over the same period.