Announcement • May 27
SAL Saudi Logistics Services Company announces Quarterly dividend, payable on June 11, 2026 SAL Saudi Logistics Services Company announced Quarterly dividend of SAR 1.4700 per share payable on June 11, 2026, ex-date on May 19, 2026 and record date on May 20, 2026. Reported Earnings • May 07
First quarter 2026 earnings released: EPS: ر.س1.96 (vs ر.س1.91 in 1Q 2025) First quarter 2026 results: EPS: ر.س1.96 (up from ر.س1.91 in 1Q 2025). Revenue: ر.س445.8m (up 16% from 1Q 2025). Net income: ر.س156.6m (up 2.3% from 1Q 2025). Profit margin: 35% (down from 40% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Logistics industry in Asia. Announcement • Apr 29
SAL Saudi Logistics Services Company, Annual General Meeting, May 18, 2026 SAL Saudi Logistics Services Company, Annual General Meeting, May 18, 2026, at 19:30 Arab Standard Time. Location: jeddah Saudi Arabia Upcoming Dividend • Mar 26
Upcoming dividend of ر.س1.89 per share Eligible shareholders must have bought the stock before 02 April 2026. Payment date: 16 April 2026. Payout ratio is a comfortable 75% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Saudi dividend payers (5.9%). Higher than average of industry peers (2.7%). Announcement • Mar 12
SAL Saudi Logistics Services Company, Annual General Meeting, Mar 30, 2026 SAL Saudi Logistics Services Company, Annual General Meeting, Mar 30, 2026, at 19:00 Arab Standard Time. Announcement • Mar 07
SAL Saudi Logistics Services Company (SASE:4263) acquired AviaPartner Liege NV from Aviapartner Belgium NV for €28 million. SAL Saudi Logistics Services Company (SASE:4263) Agreed to acquire AviaPartner Liege NV from Aviapartner Belgium NV for €28 million on March 4, 2026. A cash consideration of €28 million (approximately SAR 123 million/$32.8M) will be paid by SAL Saudi Logistics Services Company.
The transaction is subject to customary closing conditions and regulatory approvals. Reported Earnings • Feb 19
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: ر.س8.72 (up from ر.س8.27 in FY 2024). Revenue: ر.س1.71b (up 4.6% from FY 2024). Net income: ر.س697.9m (up 5.5% from FY 2024). Profit margin: 41% (in line with FY 2024). Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 2.1%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Logistics industry in Asia. Announcement • Feb 12
SAL Saudi Logistics Services Company announces Quarterly dividend, payable on April 16, 2026 SAL Saudi Logistics Services Company announced Quarterly dividend of SAR 1.8900 per share payable on April 16, 2026, ex-date on April 02, 2026 and record date on April 05, 2026. Reported Earnings • Nov 07
Third quarter 2025 earnings released: EPS: ر.س2.26 (vs ر.س1.94 in 3Q 2024) Third quarter 2025 results: EPS: ر.س2.26 (up from ر.س1.94 in 3Q 2024). Revenue: ر.س421.2m (up 15% from 3Q 2024). Net income: ر.س180.9m (up 16% from 3Q 2024). Profit margin: 43% (in line with 3Q 2024). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Logistics industry in Asia. Declared Dividend • Nov 06
Second quarter dividend of ر.س1.70 announced Shareholders will receive a dividend of ر.س1.70. Ex-date: 17th November 2025 Payment date: 1st December 2025 Dividend yield will be 3.5%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by both earnings (75% earnings payout ratio) and cash flows (55% cash payout ratio). The dividend has increased by an average of 88% per year over the past 2 years. However, payments have been volatile during that time. EPS is expected to grow by 29% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 05
SAL Saudi Logistics Services Company announces Quarterly dividend, payable on December 01, 2025 SAL Saudi Logistics Services Company announced Quarterly dividend of SAR 1.7000 per share payable on December 01, 2025, ex-date on November 17, 2025 and record date on November 18, 2025. Board Change • Oct 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. Non-Executive Director Wajdy Ghabban was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Sep 04
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: 3.2% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 16
Second quarter 2025 earnings released: EPS: ر.س2.03 (vs ر.س1.94 in 2Q 2024) Second quarter 2025 results: EPS: ر.س2.03 (up from ر.س1.94 in 2Q 2024). Revenue: ر.س394.0m (down 2.8% from 2Q 2024). Net income: ر.س162.2m (up 4.4% from 2Q 2024). Profit margin: 41% (up from 38% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Logistics industry in Asia. Declared Dividend • Aug 09
First quarter dividend of ر.س1.52 announced Shareholders will receive a dividend of ر.س1.52. Ex-date: 24th August 2025 Payment date: 9th September 2025 Dividend yield will be 3.3%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by both earnings (75% earnings payout ratio) and cash flows (68% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 29% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Aug 08
SAL Saudi Logistics Services Company announces Quarterly dividend, payable on September 09, 2025 SAL Saudi Logistics Services Company announced Quarterly dividend of SAR 1.5200 per share payable on September 09, 2025, ex-date on August 24, 2025 and record date on August 25, 2025. Price Target Changed • Jun 17
Price target decreased by 13% to ر.س184 Down from ر.س211, the current price target is an average from 5 analysts. New target price is 10% above last closing price of ر.س167. Stock is down 42% over the past year. The company is forecast to post earnings per share of ر.س8.80 for next year compared to ر.س8.27 last year. Announcement • Jun 04
SAL Saudi Logistics Services Company, Annual General Meeting, Jun 24, 2025 SAL Saudi Logistics Services Company, Annual General Meeting, Jun 24, 2025, at 19:00 Arab Standard Time. Location: jeddah Saudi Arabia Major Estimate Revision • May 28
Consensus EPS estimates increase by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from ر.س1.68b to ر.س1.74b. EPS estimate increased from ر.س7.80 to ر.س8.80 per share. Net income forecast to grow 19% next year vs 18% growth forecast for Logistics industry in Saudi Arabia. Consensus price target down from ر.س211 to ر.س207. Share price was steady at ر.س176 over the past week. Reported Earnings • May 22
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: ر.س1.91 (down from ر.س2.61 in 1Q 2024). Revenue: ر.س384.1m (down 15% from 1Q 2024). Net income: ر.س153.1m (down 27% from 1Q 2024). Profit margin: 40% (down from 46% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 7.7%. Earnings per share (EPS) also missed analyst estimates by 3.0%. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Logistics industry in Asia. Price Target Changed • Mar 29
Price target decreased by 15% to ر.س224 Down from ر.س263, the current price target is an average from 5 analysts. New target price is 13% above last closing price of ر.س198. Stock is down 23% over the past year. The company is forecast to post earnings per share of ر.س8.12 for next year compared to ر.س8.27 last year. 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. Reported Earnings • Mar 04
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: ر.س8.27 (up from ر.س6.37 in FY 2023). Revenue: ر.س1.63b (up 12% from FY 2023). Net income: ر.س661.4m (up 30% from FY 2023). Profit margin: 41% (up from 35% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 6.3%. Earnings per share (EPS) also missed analyst estimates by 7.8%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Logistics industry in Asia. Buy Or Sell Opportunity • Mar 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to ر.س198. The fair value is estimated to be ر.س251, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 9.3% per annum over the same time period. Declared Dividend • Feb 21
Third quarter dividend of ر.س1.33 announced Shareholders will receive a dividend of ر.س1.33. Ex-date: 27th February 2025 Payment date: 1st January 1970 Dividend yield will be 2.4%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (64% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 20
SAL Saudi Logistics Services Company announces Quarterly dividend SAL Saudi Logistics Services Company announced Quarterly dividend of SAR 1.3300 per share, ex-date on February 27, 2025 and record date on March 02, 2025. Board Change • Feb 17
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. Non Executive Non Independent Director Ibraheem bin Adel Ibraheem Sheerah was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Jan 06
Now 23% overvalued Over the last 90 days, the stock has fallen 1.2% to ر.س277. The fair value is estimated to be ر.س225, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 9.9% per annum over the same time period. Reported Earnings • Nov 13
Third quarter 2024 earnings released: EPS: ر.س1.94 (vs ر.س1.45 in 3Q 2023) Third quarter 2024 results: EPS: ر.س1.94 (up from ر.س1.45 in 3Q 2023). Revenue: ر.س367.3m (flat on 3Q 2023). Net income: ر.س155.5m (up 34% from 3Q 2023). Profit margin: 42% (up from 32% in 3Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Logistics industry in Asia. Declared Dividend • Nov 06
Second quarter dividend of ر.س1.45 announced Shareholders will receive a dividend of ر.س1.45. Ex-date: 11th November 2024 Payment date: 1st January 1970 Dividend yield will be 2.2%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (18% earnings payout ratio) but not covered by cash flows (105% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 51% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Oct 25
Now 20% overvalued Over the last 90 days, the stock has fallen 11% to ر.س277. The fair value is estimated to be ر.س230, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last year. Earnings per share has grown by 62%. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Buy Or Sell Opportunity • Oct 08
Now 21% overvalued Over the last 90 days, the stock has fallen 10.0% to ر.س280. The fair value is estimated to be ر.س232, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last year. Earnings per share has grown by 62%. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Major Estimate Revision • Aug 28
Consensus EPS estimates increase by 12%, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from ر.س1.78b to ر.س1.76b. EPS estimate rose from ر.س7.95 to ر.س8.90. Net income forecast to grow 13% next year vs 26% growth forecast for Logistics industry in Saudi Arabia. Consensus price target up from ر.س227 to ر.س243. Share price fell 3.3% to ر.س293 over the past week. Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: ر.س1.94 (vs ر.س1.36 in 2Q 2023) Second quarter 2024 results: EPS: ر.س1.94 (up from ر.س1.36 in 2Q 2023). Revenue: ر.س405.5m (up 20% from 2Q 2023). Net income: ر.س155.5m (up 43% from 2Q 2023). Profit margin: 38% (up from 32% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Logistics industry in Asia. New Risk • Jul 12
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 105% Dividend yield: 2.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 08
SAL Saudi Logistics Services Company, Annual General Meeting, Jun 27, 2024 SAL Saudi Logistics Services Company, Annual General Meeting, Jun 27, 2024, at 20:00 Arab Standard Time. Location: jedah Saudi Arabia Major Estimate Revision • May 15
Consensus revenue estimates increase by 13% The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from ر.س1.66b to ر.س1.87b. EPS estimate increased from ر.س7.59 to ر.س8.51 per share. Net income forecast to grow 34% next year vs 26% growth forecast for Logistics industry in Saudi Arabia. Consensus price target up from ر.س176 to ر.س213. Share price was steady at ر.س279 over the past week. Reported Earnings • Mar 14
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: ر.س6.37 (up from ر.س4.53 in FY 2022). Revenue: ر.س1.46b (up 19% from FY 2022). Net income: ر.س509.7m (up 41% from FY 2022). Profit margin: 35% (up from 30% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Logistics industry in Asia. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ر.س274, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 13x in the Logistics industry in Asia. Simply Wall St's valuation model estimates the intrinsic value at ر.س121 per share. Valuation Update With 7 Day Price Move • Dec 26
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ر.س179, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 12x in the Logistics industry in Asia. Simply Wall St's valuation model estimates the intrinsic value at ر.س109 per share. Buying Opportunity • Nov 03
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be ر.س161, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last year. Earnings per share has grown by 12%. Board Change • Nov 01
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Non-Executive Independent Chairman Fawaz Bin Fawaz Alfawwaz is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.