Announcement • Mar 24
Assurances Maghrebia SA announces Annual dividend, payable on June 10, 2026 Assurances Maghrebia SA announced Annual dividend of TND 2.9000 per share payable on June 10, 2026, ex-date on June 08, 2026 and record date on June 09, 2026. Announcement • Mar 20
Assurances Maghrebia SA, Annual General Meeting, May 15, 2026 Assurances Maghrebia SA, Annual General Meeting, May 15, 2026. Board Change • Oct 10
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Pierre Vasserot was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 12
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Pierre Vasserot was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jul 01
Upcoming dividend of د.ت3.15 per share Eligible shareholders must have bought the stock before 07 July 2025. Payment date: 09 July 2025. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 6.2%. Lower than top quartile of Tunisian dividend payers (6.8%). Higher than average of industry peers (4.5%). Declared Dividend • Jul 01
Dividend increased to د.ت3.15 Dividend of د.ت3.15 is 1.6% higher than last year. Ex-date: 7th July 2025 Payment date: 9th July 2025 Dividend yield will be 6.2%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (31% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 14% per year over the past 4 years and payments have been stable during that time. Earnings per share has grown by 22% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Board Change • Apr 22
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Pierre Vasserot was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 01
Assurances Maghrebia SA, Annual General Meeting, May 30, 2025 Assurances Maghrebia SA, Annual General Meeting, May 30, 2025. Board Change • Jan 03
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Pierre Vasserot was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jul 25
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 Tunisian stocks, typically moving 5.0% 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 Share price has been highly volatile over the past 3 months (5.0% average weekly change). High level of non-cash earnings (74% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (د.ت239.6m market cap, or US$77.3m). Upcoming Dividend • Jun 28
Upcoming dividend of د.ت3.10 per share Eligible shareholders must have bought the stock before 05 July 2024. Payment date: 09 July 2024. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 6.7%. Lower than top quartile of Tunisian dividend payers (8.3%). Higher than average of industry peers (4.6%). Reported Earnings • May 07
Full year 2023 earnings released Full year 2023 results: Revenue: د.ت325.9m (up 7.2% from FY 2022). Net income: د.ت33.5m (up 13% from FY 2022). Profit margin: 10% (in line with FY 2022). Board Change • Nov 01
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. 1 independent director (6 non-independent directors). Chairman of the Board Mohamed Essassi was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Sep 28
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. 1 independent director (6 non-independent directors). Chairman of the Board Mohamed Essassi was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jul 20
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. 6 experienced directors. 1 highly experienced director. No independent directors (7 non-independent directors). Chairman of the Board Mohamed Essassi was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Jun 20
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. 6 experienced directors. 1 highly experienced director. No independent directors (7 non-independent directors). Chairman of the Board Mohamed Essassi was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • May 25
Upcoming dividend of د.ت2.34 per share at 4.2% yield Eligible shareholders must have bought the stock before 01 June 2023. Payment date: 06 June 2023. Payout ratio is a comfortable 36% and the cash payout ratio is 77%. Trailing yield: 4.2%. Lower than top quartile of Tunisian dividend payers (8.0%). In line with average of industry peers (4.0%). Board Change • May 25
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. 6 experienced directors. 1 highly experienced director. No independent directors (7 non-independent directors). Chairman of the Board Mohamed Essassi was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Feb 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. 6 experienced directors. 1 highly experienced director. No independent directors (7 non-independent directors). Chairman of the Board Mohamed Essassi was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. 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. 4 experienced directors. 1 highly experienced director. No independent directors (5 non-independent directors). Chairman of the Board Mohamed Essassi was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • May 25
Upcoming dividend of د.ت2.21 per share Eligible shareholders must have bought the stock before 01 June 2022. Payment date: 06 June 2022. Trailing yield: 3.3%. Lower than top quartile of Tunisian dividend payers (6.6%). Lower than average of industry peers (4.9%). 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. 4 experienced directors. 1 highly experienced director. No independent directors (5 non-independent directors). Chairman of the Board Mohamed Essassi was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.