New Risk • May 05
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: 6.2% Last year net profit margin: 14% 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 High level of non-cash earnings (30% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (6.2% net profit margin). Market cap is less than US$100m (ر.س308.7m market cap, or US$82.3m). Buy Or Sell Opportunity • Apr 19
Now 21% overvalued Over the last 90 days, the stock has fallen 30% to ر.س42.88. The fair value is estimated to be ر.س35.49, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 13%. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ر.س48.80, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 18x in the IT industry in Saudi Arabia. Total returns to shareholders of 51% over the past three years. Buy Or Sell Opportunity • Mar 25
Now 23% overvalued Over the last 90 days, the stock has fallen 32% to ر.س43.30. The fair value is estimated to be ر.س35.26, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 13%. New Risk • Mar 22
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (ر.س315.9m market cap, or US$84.1m). Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ر.س42.40, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 15x in the IT industry in Saudi Arabia. Total returns to shareholders of 36% over the past three years. New Risk • Mar 01
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: Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Market cap is less than US$100m (ر.س371.4m market cap, or US$99.0m). Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ر.س61.90, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 25x in the IT industry in Saudi Arabia. Total returns to shareholders of 46% over the past three years. New Risk • Sep 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 5.8% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Sep 05
Second quarter 2025 earnings released: EPS: ر.س0.97 (vs ر.س1.06 in 2Q 2024) Second quarter 2025 results: EPS: ر.س0.97 (down from ر.س1.06 in 2Q 2024). Revenue: ر.س90.5m (up 48% from 2Q 2024). Net income: ر.س7.34m (down 9.4% from 2Q 2024). Profit margin: 8.1% (down from 13% in 2Q 2024). The decrease in margin was driven by higher expenses. Announcement • Sep 04
Sure Global Tech Co. Approves Board Elections Sure Global Tech Co. at its Ordinary General Assembly meeting held on September 3, 2025, approved the appointment of members of the Board of Directors for the next session, which begins on October 9, 2025 AD and ending on September 9, 2029 AD. The following members were elected: Mr. Ibraheem Abdullah Alzuhaimeel, Mr. Osama Abdulrahman Alshaalan, Mr. Mohammed Saud Al Essa and Mr. Ramez Ibrahim AlFayez. Announcement • Jun 19
Sure Global Tech Co. Approves Cash Dividend for the Year 2024, Payable from August 7, 2025 Sure Global Tech Co. announced the results of the Ordinary General Assembly meeting (First Meeting), that was held on 17-06-2025, approved the Board of Directors' recommendation to distribute cash dividends in the amount of SAR 11,541,937.50 to shareholders for the fiscal year 2024, at rate of SAR 1.50 per share and at a rate of (15%) of the nominal value of the share, provided that the eligibility is for shareholders who own the shares at the end of trading on the day of the General Assembly. Those registered in the company's shareholder register at the Securities Depository Center Company at the end of the second trading day following the maturity date, Dividend distribution will start from 01/13/1447 AH corresponding to 07/08/2025 AD. Upcoming Dividend • Jun 11
Upcoming dividend of ر.س1.50 per share Eligible shareholders must have bought the stock before 18 June 2025. Payment date: 08 July 2025. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Saudi dividend payers (5.2%). Higher than average of industry peers (1.4%). Declared Dividend • May 22
Dividend of ر.س1.50 announced Dividend of ر.س1.50 is the same as last year. Ex-date: 18th June 2025 Payment date: 8th July 2025 Dividend yield will be 1.8%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (44% cash payout ratio). The dividend has increased by an average of 6.1% per year over the past 2 years and payments have been stable during that time. Earnings per share has grown by 20% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 21
Sure Global Tech Co., Annual General Meeting, Jun 17, 2025 Sure Global Tech Co., Annual General Meeting, Jun 17, 2025, at 19:15 Arab Standard Time. Location: riyadh Saudi Arabia Announcement • Apr 16
Sure Global Tech Co. Announces Cash Dividend for the Fiscal Year ended December 31, 2024 Sure Global Tech Co. announced the Board of Directors' recommendation to distribute cash dividends of SAR 1.50 per share, a 15% par value, to shareholders for the fiscal year ended on December 31, 2024. Total amount distributed SAR 11,541,937.50. The entitlement to dividends for shareholders of the company who own shares by the end of trading day of the General Assembly meeting of the company, and are registered in the company's records with the Securities Depository Center (EDAA) by the end of the second trading day following the date of the General Assembly meeting, which will be announced later after obtaining the necessary regulatory approvals. The entitlement to dividends for shareholders of the company who own shares by the end of trading day of the General Assembly meeting of the company, and are registered in the company's records with the Securities Depository Center (EDAA) by the end of the second trading day following the date of the General Assembly meeting, which will be announced later after obtaining the necessary regulatory approvals. Distribution Date will be announced later. New Risk • Mar 20
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (28% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Dividend is not well covered by cash flows (104% cash payout ratio). Share price has been volatile over the past 3 months (6.8% average weekly change). Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ر.س83.80, the stock trades at a trailing P/E ratio of 21.9x. Average trailing P/E is 32x in the IT industry in Saudi Arabia. Total returns to shareholders of 82% over the past year. New Risk • Nov 08
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. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (28% accrual ratio). Minor Risks Dividend is not well covered by cash flows (104% cash payout ratio). Share price has been volatile over the past 3 months (5.4% average weekly change). New Risk • Sep 08
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 28% 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 Risk High level of non-cash earnings (28% accrual ratio). Minor Risk Dividend is not well covered by cash flows (104% cash payout ratio). Announcement • Jun 01
Sure Global Tech Co., Annual General Meeting, Jun 25, 2024 Sure Global Tech Co., Annual General Meeting, Jun 25, 2024, at 18:50 Arab Standard Time. Location: riyadh Saudi Arabia Announcement • Apr 05
Sure Global Tech Co. Announces the Recommendation to Distribute Cash Dividends to Shareholders for the Fiscal Year Ended December 31, 2023 Sure Global Tech Co. announced the Board of Directors' recommendation to distribute cash dividend of 1.50 Saudi Riyals per share to shareholders for the fiscal year ended on December 31, 2023. The Total amount distributed is 11,541,937.50 Saudi Riyals. Announcement • Jan 05
Sure Global Tech Company Announces Management Changes Sure Global Tech Co. announced that the Board of Directors, on 21-06-1445 AH, corresponding to January 3, 2024, has approved the request of Mr. Basem Abdullah Al-Saloum to change his membership status from an Executive Board Member to a Non-Executive Board Member, effective from the date of the decision, while retaining his membership on the Board of Directors as a Non-Executive Member. The Chairman and Members of the Board of Directors, along with all employees of the company, express their gratitude and appreciation to Mr. Basem Abdullah Al-Saloum for his active role and fruitful efforts in contributing to the company's performance during his tenure, wishing him continued success. Furthermore, the Board has decided to appoint Mr. Mohammed Saud Al-Issa as the Executive Director of the company, effective from 21-06-1445 AH, corresponding to January 3, 2024 AD. Mr. Mohammed Al-Issa brings extensive experience in business management, project management, and digital product management. He holds a master's degree in Occupational Safety Management from the University of Central Missouri, USA. Mr. Mohammed Al-Issa has held various leadership positions and currently serves as the Chief Executive Officer of Sure Global Tech Co. Announcement • Dec 29
SURE Global Tech. Co. Announces Audit Committee Changes SURE Global Tech. Co. announced the decision of the Board of Directors by circulation approving the appointment of Mr. Faisal Mohammed Al-Obaid as a member of the Audit Committee (a member from outside the Board) to succeed the deceased member Mr. Abdulaziz Al-Saleh, to complete the term of his predecessor for the remaining period of the current session of the Committee and the Board of Directors, which ends on September 10, 2025. Mr. Faisal Al-Obaid has over 15 years of experience in the fields of finance, investment, risk management and governance, holds a bachelor's degree in accounting and a master's degree in business administration, in addition to a fellowship of the Saudi Organization for Certified Public Accountants (SOCPA). He has held various positions in the field of investment and financial management and is currently the Executive Vice President of Investment, Strategy and Excellence at the Saudi Public Transport Company (SAPTCO). New Risk • Nov 22
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 7.6% 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 No financial data reported. Share price has been highly volatile over the past 3 months (7.6% average weekly change). Minor Risk Market cap is less than US$100m (ر.س346.3m market cap, or US$92.3m).