New Risk • Jun 05
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 6.2% 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: Minor Risks Dividend is not well covered by cash flows (99% cash payout ratio). Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (ر.س364.4m market cap, or US$97.0m). Duyuru • May 19
Saudi Networkers Services Company, Annual General Meeting, Jun 14, 2026 Saudi Networkers Services Company, Annual General Meeting, Jun 14, 2026, at 19:00 Arab Standard Time. Location: riyadh Saudi Arabia Reported Earnings • Apr 08
Full year 2025 earnings released: EPS: ر.س4.18 (vs ر.س4.76 in FY 2024) Full year 2025 results: EPS: ر.س4.18 (down from ر.س4.76 in FY 2024). Revenue: ر.س591.8m (up 3.6% from FY 2024). Net income: ر.س31.3m (down 12% from FY 2024). Profit margin: 5.3% (down from 6.2% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year and the company’s share price has also increased by 5% per year. New Risk • Apr 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ر.س375.0m (US$99.9m) 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 Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (ر.س375.0m market cap, or US$99.9m). Declared Dividend • Apr 01
First half dividend of ر.س1.88 announced Shareholders will receive a dividend of ر.س1.88. Ex-date: 2nd April 2026 Payment date: 14th April 2026 Dividend yield will be 6.4%, which is higher than the industry average of 1.0%. Sustainability & Growth The dividend has increased by an average of 6.4% per year over the past 4 years and payments have been stable during that time. The company's earnings per share (EPS) would need to decline by 19% to shift the payout ratio to a potentially unsustainable range, which is less than the 50% EPS decline seen over the last 5 years. 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. This is currently the only risk that has been identified for the company. Duyuru • Oct 09
Saudi Networkers Services Company Announces Changes to Its Board Saudi Networkers Services Co announces the results of its Ordinary General Assembly meeting (First Meeting) held on October 8, 2025 using the Tadawulaty system. Approval on the election of Board members from among the candidates for the upcoming term, which will begin on October 14, 2025 and last for four years, ending on October 13, 2029. The following members were elected: Dr. Abdullah Al-Hussaini, Dr. Mohammed Abdulkarim Almohimeed, Mohammed Samir Ghonaim, Mussab Hussain Alkhudairi. Duyuru • Apr 24
Saudi Networkers Services Company, Annual General Meeting, May 18, 2025 Saudi Networkers Services Company, Annual General Meeting, May 18, 2025, at 18:30 Arab Standard Time. Location: riyadh Saudi Arabia 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 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Nov 26
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ر.س87.00, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 33x in the IT industry in Saudi Arabia. Total returns to shareholders of 61% over the past year. Declared Dividend • Oct 04
First half dividend of ر.س2.00 announced Dividend of ر.س2.00 is the same as last year. Ex-date: 7th October 2024 Payment date: 17th October 2024 Dividend yield will be 6.0%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is covered by both earnings (35% earnings payout ratio) and cash flows (66% cash payout ratio). The dividend has increased by an average of 13% per year over the past 2 years and payments have been stable during that time. The company's earnings per share (EPS) would need to decline by 61% to shift the payout ratio to a potentially unsustainable range, which is more than the 47% EPS decline seen over the last 5 years. Reported Earnings • Sep 07
First half 2024 earnings released: EPS: ر.س3.37 (vs ر.س2.80 in 1H 2023) First half 2024 results: EPS: ر.س3.37 (up from ر.س2.80 in 1H 2023). Revenue: ر.س282.2m (up 2.1% from 1H 2023). Net income: ر.س20.2m (up 21% from 1H 2023). Profit margin: 7.2% (up from 6.1% in 1H 2023). Duyuru • Jun 25
Saudi Networkers Services Company Approves Cash Dividends for the Second Half of 2023 Saudi Networkers Services Co. announced that at its Extraordinary General Assembly meeting held on June 24, 2024, Approval on the Board of Directors- recommendation to distribute cash dividends for the second half of 2023 amounting to SAR 14,100,000 at SAR 2.35 per share. Provided that the entitlement to dividends is for shareholders holding the shares by the end of the trading day of the Extraordinary General Assembly date, and who are registered in the Company-s shareholders registry held with the Securities Depository Centre Company (Eda-a Center) at the end of the second trading day following the entitlement date, where the distribution shall be on 07/07/2024. Upcoming Dividend • Jun 19
Upcoming dividend of ر.س2.35 per share Eligible shareholders must have bought the stock before 25 June 2024. Payment date: 07 July 2024. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 5.7%. Within top quartile of Saudi dividend payers (4.9%). Higher than average of industry peers (1.8%). Upcoming Dividend • Jun 18
Upcoming dividend of ر.س2.35 per share Eligible shareholders must have bought the stock before 25 June 2024. Payment date: 07 July 2024. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 5.7%. Within top quartile of Saudi dividend payers (4.9%). Higher than average of industry peers (1.9%). Upcoming Dividend • Jun 18
Upcoming dividend of ر.س2.35 per share Eligible shareholders must have bought the stock before 25 June 2024. Payment date: 07 July 2024. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 5.7%. Within top quartile of Saudi dividend payers (4.9%). Higher than average of industry peers (1.9%). Duyuru • Jun 05
Saudi Networkers Services Company, Annual General Meeting, Jun 24, 2024 Saudi Networkers Services Company, Annual General Meeting, Jun 24, 2024, at 18:45 Arab Standard Time. Location: riyadh Saudi Arabia Duyuru • May 15
Saudi Networkers Services Company Announces Resignation of Asher Noor Nisar Akhtar as Board Member Saudi Networkers Services Company announced the decision of the Board of Directors (by circulation) on 14/05/2024 G Corresponding to 06/11/1445 H approving the acceptance of the resignation of the member of the Board of Directors, Mr. Asher Noor Nisar Akhtar, which he submitted on 14/05/2024, due to his personal circumstances. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ر.س75.10, the stock trades at a trailing P/E ratio of 15.7x. Average trailing P/E is 38x in the IT industry in Saudi Arabia. Total returns to shareholders of 47% over the past year. New Risk • Mar 25
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 7.3% 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.6% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (7.3% average weekly change). New Risk • Feb 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. 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 Earnings have declined by 3.6% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Short dividend paying track record (1 year of continuous dividend payments). Buy Or Sell Opportunity • Feb 08
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at ر.س57.60. The fair value is estimated to be ر.س72.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last year. Earnings per share has declined by 4.4%. Buying Opportunity • Nov 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 4.8%. The fair value is estimated to be ر.س70.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last year. Earnings per share has declined by 4.4%. Buying Opportunity • Oct 05
Now 20% undervalued Over the last 90 days, the stock is up 2.1%. The fair value is estimated to be ر.س74.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last year. Earnings per share has declined by 4.4%. Buying Opportunity • Sep 11
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 7.9%. The fair value is estimated to be ر.س73.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last year. Earnings per share has declined by 4.4%. New Risk • Aug 31
New major risk - Revenue and earnings growth Earnings have declined by 3.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.3% per year over the past 5 years. Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Market cap is less than US$100m (ر.س367.8m market cap, or US$98.1m). Board Change • Nov 16
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Non-Executive Non-Independent Director Adel Moahammed Ali Mallawi 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. Reported Earnings • Sep 18
First half 2022 earnings released First half 2022 results: EPS: ر.س3.43. Net income: ر.س20.6m (up ر.س20.6m from 1H 2021). Board Change • Aug 18
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. 1 independent director (5 non-independent directors). Non-executive Director Adel Moahammed Ali Mallawi is the most experienced director on the board, commencing their role in 2021. Independent Director Abdullah Saghir Mohammed Al-Shehri was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. 
