Buy Or Sell Opportunity • Jun 09
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 21% to ر.س217. The fair value is estimated to be ر.س178, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are also forecast to grow by 9.5% per annum over the same time period. Reported Earnings • May 05
First quarter 2026 earnings: EPS exceeds analyst expectations First quarter 2026 results: EPS: ر.س3.09 (up from ر.س3.03 in 1Q 2025). Revenue: ر.س3.00b (up 6.3% from 1Q 2025). Net income: ر.س370.0m (up 2.6% from 1Q 2025). Profit margin: 12% (in line with 1Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.6%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Declared Dividend • Apr 30
Dividend of ر.س8.00 announced Shareholders will receive a dividend of ر.س8.00. Ex-date: 20th May 2026 Payment date: 1st January 1970 Dividend yield will be 3.6%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is covered by earnings (63% 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 dividend has increased by an average of 19% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 29
Arabian Internet and Communication Services Company, Annual General Meeting, May 19, 2026 Arabian Internet and Communication Services Company, Annual General Meeting, May 19, 2026, at 20:30 Arab Standard Time. Location: riyadh Saudi Arabia Buy Or Sell Opportunity • Apr 01
Now 21% overvalued Over the last 90 days, the stock has fallen 13% to ر.س197. The fair value is estimated to be ر.س163, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 6.6% per annum. Earnings are also forecast to grow by 8.3% per annum over the same time period. Major Estimate Revision • Feb 26
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from ر.س14.2b to ر.س13.6b. EPS estimate also fell from ر.س14.42 per share to ر.س12.87 per share. Net income forecast to grow 2.0% next year vs 16% growth forecast for IT industry in Saudi Arabia. Consensus price target down from ر.س289 to ر.س262. Share price fell 11% to ر.س178 over the past week. Price Target Changed • Feb 25
Price target decreased by 9.4% to ر.س262 Down from ر.س289, the current price target is an average from 13 analysts. New target price is 41% above last closing price of ر.س185. Stock is down 43% over the past year. The company is forecast to post earnings per share of ر.س12.87 for next year compared to ر.س12.52 last year. Reported Earnings • Feb 22
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: ر.س12.52 (down from ر.س13.42 in FY 2024). Revenue: ر.س12.7b (up 5.5% from FY 2024). Net income: ر.س1.50b (down 5.9% from FY 2024). Profit margin: 12% (down from 13% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 10.0%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Price Target Changed • Feb 20
Price target decreased by 7.0% to ر.س278 Down from ر.س300, the current price target is an average from 13 analysts. New target price is 40% above last closing price of ر.س199. Stock is down 39% over the past year. The company is forecast to post earnings per share of ر.س13.91 for next year compared to ر.س13.42 last year. Buy Or Sell Opportunity • Dec 10
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 1.0% to ر.س234. The fair value is estimated to be ر.س192, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 8.1% per annum. Earnings are also forecast to grow by 10% per annum over the same time period. Reported Earnings • Nov 06
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: EPS: ر.س3.50 (down from ر.س3.90 in 3Q 2024). Revenue: ر.س3.10b (up 13% from 3Q 2024). Net income: ر.س416.8m (down 10% from 3Q 2024). Profit margin: 14% (down from 17% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates by 4.3%. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Aug 03
Second quarter 2025 earnings: EPS exceeds analyst expectations Second quarter 2025 results: EPS: ر.س3.75 (down from ر.س3.81 in 2Q 2024). Revenue: ر.س2.90b (up 4.7% from 2Q 2024). Net income: ر.س446.3m (down 1.4% from 2Q 2024). Profit margin: 15% (in line with 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 19%. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • May 08
Arabian Internet and Communication Services Company Approves Dividend for the Year 2024, Payable on May 27, 2025 Arabian Internet and Communication Services Company announced at the ordinary general assembly meeting held on May 6, 2025, approved to distribute cash dividends with a total amount of SAR 1,190,408,520 to the shareholders for the year 2024 at SAR 10 per share equivalent to 100% of the share par value, where the eligibility will be to the shareholders owning shares on the General Assembly Meeting date, and are registered in the Company’s share registry at the Depository Center (Edaa) at the end of the second trading day following the due date. The date of the dividends’ distribution will be on 27-5-2025. Reported Earnings • Apr 30
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: ر.س3.03 (up from ر.س2.97 in 1Q 2024). Revenue: ر.س2.82b (flat on 1Q 2024). Net income: ر.س360.7m (up 2.1% from 1Q 2024). Profit margin: 13% (in line with 1Q 2024). Revenue missed analyst estimates by 7.9%. Earnings per share (EPS) also missed analyst estimates by 6.9%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Apr 17
Arabian Internet and Communication Services Company to Report Q1, 2025 Results on Apr 27, 2025 Arabian Internet and Communication Services Company announced that they will report Q1, 2025 results at 1:00 PM, Coordinated Universal Time on Apr 27, 2025 New Risk • Feb 27
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 46% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 20
Full year 2024 earnings released: EPS: ر.س13.42 (vs ر.س10.02 in FY 2023) Full year 2024 results: EPS: ر.س13.42 (up from ر.س10.02 in FY 2023). Revenue: ر.س12.1b (up 9.3% from FY 2023). Net income: ر.س1.60b (up 34% from FY 2023). Profit margin: 13% (up from 11% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 17% per year. Buy Or Sell Opportunity • Jan 01
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 1.3% to ر.س274. The fair value is estimated to be ر.س228, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 8.0% per annum. Earnings are also forecast to grow by 8.7% per annum over the same time period. Reported Earnings • Nov 01
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: EPS: ر.س3.89 (up from ر.س3.25 in 3Q 2023). Revenue: ر.س2.75b (down 1.5% from 3Q 2023). Net income: ر.س463.5m (up 20% from 3Q 2023). Profit margin: 17% (up from 14% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 9.3%. Earnings per share (EPS) exceeded analyst estimates by 18%. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Aug 19
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 4.7% to ر.س302. The fair value is estimated to be ر.س248, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 8.7% per annum. Earnings are also forecast to grow by 9.1% per annum over the same time period. Reported Earnings • Jul 31
Second quarter 2024 earnings released: EPS: ر.س3.81 (vs ر.س2.86 in 2Q 2023) Second quarter 2024 results: EPS: ر.س3.81 (up from ر.س2.86 in 2Q 2023). Revenue: ر.س2.77b (up 2.6% from 2Q 2023). Net income: ر.س452.8m (up 33% from 2Q 2023). Profit margin: 16% (up from 13% in 2Q 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the IT industry in Asia. Buy Or Sell Opportunity • Jun 10
Now 22% overvalued Over the last 90 days, the stock has fallen 21% to ر.س301. The fair value is estimated to be ر.س247, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 9.2% per annum. Earnings are also forecast to grow by 10% per annum over the same time period. Announcement • May 03
Arabian Internet and Communication Services Company, Annual General Meeting, May 29, 2024 Arabian Internet and Communication Services Company, Annual General Meeting, May 29, 2024, at 15:30 Coordinated Universal Time. Location: solutions headquarters Olaya Street Riyadh Saudi Arabia Agenda: To View and discuss the report of the Board of Directors for the fiscal year ending on 31-12-2023 and discuss it; to vote on auditor's report; to View and discuss the financial statements for the fiscal year ending on 31-12-2023; to vote on discharging the liability of the Board of Directors members for the fiscal year ending on 31-12-2023; to vote on appointing the External Auditors for the Company from among the candidates based on the Audit Committee's recommendation; and to consider any other matters. Reported Earnings • Feb 29
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: ر.س10.02 (up from ر.س8.86 in FY 2022). Revenue: ر.س11.0b (up 25% from FY 2022). Net income: ر.س1.19b (up 13% from FY 2022). Profit margin: 11% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 10.0%. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the IT industry in Asia. Announcement • Feb 16
Arabian Internet and Communication Services Company Recommends Distribute Cash Dividends to Shareholders for the Year 2023 Arabian Internet and Communication Services Company recommends dividend of SAR 6.0 per share for the year 2023. Announcement • Feb 06
Arabian Internet and Communication Services Company (SASE:7202) completed the acquisition of Devoteam Middle East Fz-Llc from ORTLL Investment Limited and Devoteam SA. Arabian Internet and Communication Services Company (SASE:7202) signed of a binding offer to acquire 40% stake in Devoteam Middle East Fz-Llc from Devoteam SA and ORTLL Investment Ltd on June 17, 2023. The consideration will be paid in cash. The 100% Enterprise Value amounts to AED 726.3 million, on cash free and debt free basis. The binding offer is exclusive for a period of 12 weeks following its signing date. Saudi Fransi Capital as a financial advisor to Arabian Internet and Communication. Devoteam will retain control of the subsidiary, ensuring continuity of the management team under the leadership of Osama Ghoul. Arabian Internet and Communication will finance the deal from its own resources. The deal is subject to final documentation obtaining regulatory approvals from relevant authorities in Saudi Arabia, including the approval from the General Authority for Competition and any other customary completion conditions and is expected to be completed within the next three months. Arabian Internet and Communication Services Company (SASE:7202) sale and purchase agreement to acquire 40% stake in Devoteam Middle East Fz-Llc from Devoteam SA and ORTLL Investment Ltd on October 15, 2023. Arabian Internet and Communication Services Company (SASE:7202) completed the acquisition of Devoteam Middle East Fz-Llc from ORTLL Investment Limited and Devoteam SA on February 4, 2024. As of February 4, 2024, necessary regulatory approvals were obtained. Reported Earnings • Nov 06
Third quarter 2023 earnings released: EPS: ر.س3.25 (vs ر.س2.52 in 3Q 2022) Third quarter 2023 results: EPS: ر.س3.25 (up from ر.س2.52 in 3Q 2022). Revenue: ر.س2.79b (up 37% from 3Q 2022). Net income: ر.س386.6m (up 29% from 3Q 2022). Profit margin: 14% (in line with 3Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the IT industry in Asia. Major Estimate Revision • Aug 17
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from ر.س9.17 to ر.س10.15. Revenue forecast unchanged at ر.س10.9b. Net income forecast to grow 14% next year vs 22% growth forecast for IT industry in Saudi Arabia. Consensus price target broadly unchanged at ر.س322. Share price rose 4.1% to ر.س334 over the past week. Major Estimate Revision • Aug 10
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ر.س10.9b to ر.س10.8b. EPS estimate also fell from ر.س10.51 per share to ر.س9.17 per share. Net income forecast to grow 12% next year vs 24% growth forecast for IT industry in Saudi Arabia. Consensus price target broadly unchanged at ر.س321. Share price fell 3.8% to ر.س327 over the past week. Reported Earnings • Aug 06
Second quarter 2023 earnings released: EPS: ر.س2.86 (vs ر.س2.30 in 2Q 2022) Second quarter 2023 results: EPS: ر.س2.86 (up from ر.س2.30 in 2Q 2022). Revenue: ر.س2.70b (up 20% from 2Q 2022). Net income: ر.س339.7m (up 24% from 2Q 2022). Profit margin: 13% (in line with 2Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the IT industry in Asia. New Risk • Aug 02
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 5.4% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ر.س375, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 19x in the IT industry in Asia. Total returns to shareholders of 80% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ر.س208 per share. New Risk • Jul 05
New minor risk - Dividend sustainability The company has a short dividend paying track record. Continuous dividend paying years: 1 Dividend yield: 1.6% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Announcement • Jun 20
Arabian Internet and Communication Services Company (SASE:7202) signed of a binding offer to acquire 40% stake in Devoteam Middle East Fz-Llc from Devoteam SA and ORTLL Investment Ltd. Arabian Internet and Communication Services Company (SASE:7202) signed of a binding offer to acquire 40% stake in Devoteam Middle East Fz-Llc from Devoteam SA and ORTLL Investment Ltd on June 17, 2023. The consideration will be paid in cash. The 100% Enterprise Value amounts to AED 726.3 million, on cash free and debt free basis. The binding offer is exclusive for a period of 12 weeks following its signing date. Saudi Fransi Capital as a financial advisor to Arabian Internet and Communication. Devoteam will retain control of the subsidiary, ensuring continuity of the management team under the leadership of Osama Ghoul. Arabian Internet and Communication will finance the deal from its own resources. The deal is subject to final documentation obtaining regulatory approvals from relevant authorities in Saudi Arabia, including the approval from the General Authority for Competition and any other customary completion conditions and is expected to be completed within the next three months. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ر.س346, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 21x in the IT industry in Asia. Total returns to shareholders of 57% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ر.س186 per share. Reported Earnings • May 16
First quarter 2023 earnings: EPS and revenues exceed analyst expectations First quarter 2023 results: EPS: ر.س2.55 (up from ر.س2.38 in 1Q 2022). Revenue: ر.س2.68b (up 11% from 1Q 2022). Net income: ر.س303.8m (up 7.4% from 1Q 2022). Profit margin: 11% (in line with 1Q 2022). Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 1.2%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the IT industry in Asia. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ر.س287, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 20x in the IT industry in Asia. Total returns to shareholders of 30% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ر.س188 per share. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. No independent directors (9 non-independent 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: Lack of independent directors. Insufficient board refreshment. Major Estimate Revision • Nov 08
Consensus EPS estimates increase by 10% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from ر.س9.01b to ر.س9.38b. EPS estimate increased from ر.س8.48 to ر.س9.35 per share. Net income forecast to grow 16% next year vs 20% growth forecast for IT industry in Saudi Arabia. Consensus price target up from ر.س261 to ر.س267. Share price was steady at ر.س248 over the past week. Reported Earnings • Nov 01
Third quarter 2022 earnings released: EPS: ر.س2.52 (vs ر.س2.14 in 3Q 2021) Third quarter 2022 results: EPS: ر.س2.52 (up from ر.س2.14 in 3Q 2021). Revenue: ر.س2.23b (up 14% from 3Q 2021). Net income: ر.س299.9m (up 17% from 3Q 2021). Profit margin: 14% (in line with 3Q 2021). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 10% growth forecast for the IT industry in Asia. Reported Earnings • Aug 04
Second quarter 2022 earnings released: EPS: ر.س2.30 (vs ر.س2.13 in 2Q 2021) Second quarter 2022 results: EPS: ر.س2.30 (up from ر.س2.13 in 2Q 2021). Revenue: ر.س2.26b (up 17% from 2Q 2021). Net income: ر.س273.1m (up 6.6% from 2Q 2021). Profit margin: 12% (down from 13% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 9.7%, compared to a 15% growth forecast for the industry in Saudi Arabia. Announcement • May 31
Arabian Internet and Communications Services Co. Ltd. Approves Cash Dividend for the Year 2021, Payable on June 15, 2022 Arabian Internet and Communications Services Co. Ltd. announced that at its Extraordinary General Assembly meeting held on May 29, 2022 approved the Board of Directors’ recommendation to distribute cash dividends to the Shareholders for the year 2021 with a total amount of SAR 475.2 Million at SAR 4 per share, which represents 40% of the nominal value of the shares, where the eligibility will be to the Shareholders owning shares on the General Assembly Meeting date, and are registered in the Company’s share registry at the Depository Center (Edaa) at the end of the second trading day following the due date. The date of the dividends’ distribution will be on June 15, 2022. Announcement • Apr 28
Arabian Internet and Communications Services Co. Ltd. Proposes Cash Dividends to the Shareholders for the Year 2021 Arabian Internet and Communications Services Co. Ltd. at its Extraordinary General Assembly's meeting to be held on May 29, 2022 proposed recommendation to distribute cash dividends to the Shareholders for the year 2021 with a total amount of SAR 475.2 Million at SAR 4 per share, which represents 40% of the nominal value of the shares, where the eligibility will be to the Shareholders owning shares on the General Assembly Meeting date, and are registered in the Company’s share registry at the Depository Center (Edaa) at the end of the second trading day following the due date. The date of the dividends’ distribution will be announced later. Reported Earnings • Apr 27
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: ر.س2.38 (up from ر.س1.92 in 1Q 2021). Revenue: ر.س2.42b (up 27% from 1Q 2021). Net income: ر.س282.9m (up 23% from 1Q 2021). Profit margin: 12% (in line with 1Q 2021). Revenue exceeded analyst estimates by 20%. Earnings per share (EPS) missed analyst estimates by 5.8%. Over the next year, revenue is forecast to grow 5.7%, compared to a 15% growth forecast for the industry in Saudi Arabia. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. No independent directors (9 non-independent 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: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Feb 22
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: ر.س7.01 (up from ر.س5.85 in FY 2020). Revenue: ر.س7.82b (up 13% from FY 2020). Net income: ر.س832.9m (up 19% from FY 2020). Profit margin: 11% (in line with FY 2020). Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 11%, compared to a 16% growth forecast for the industry in Saudi Arabia. Announcement • Feb 16
Arabian Internet and Communications Services Co. Ltd. Recommends Cash Dividends for the Year 2021 Arabian Internet and Communications Services Co. Ltd. announces the BOD’s recommendation for the distribution of cash dividends for the year 2021. Dividend per share is SAR 4.0. The distribution will be through direct bank transfer to shareholders bank accounts linked to their portfolios. The company urges its shareholders to update their data and to make sure to link their bank accounts numbers to their investment portfolios to ensure the receipt of their cash dividends.