ARABIAN SHIELD

Arabian Shield Cooperative Insurance Co.

8070StocksTadawulInsurance

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Assets
Cash & Equivalents	259.17M	82.02M	160.97M	146.73M	365.56M
Total Assets	4.89B	3.61B	3.36B	2.52B	1.15B
Investment Securities	281.09M	195.10M	70.00M	—	—
Reinsurance Recoverable	771.80M	536.42M	421.73M	224.16M	177.01M
Liabilities
Total Liabilities	3.26B	1.96B	1.81B	1.34B	0.66B
Insurance Liabilities	2.97B	1.78B	1.57B	1.11B	0.03B
Unearned Premiums	—	—	—	—	198.70M
Unpaid Claims	—	—	—	—	247.87M
Equity & Ownership
Deferred Policy Acquisition Cost	—	—	—	—	10.13M
Total Equity	1.63B	1.65B	1.54B	1.19B	0.49B
Shares Outstanding	79,815,295	79,815,295	79,815,295	63,852,500	40,000,000
Cash & Assets
Total Assets	4.89B	3.61B	3.36B	2.52B	1.15B
Cash & Equivalents	259.17M	82.02M	160.97M	146.73M	365.56M
Net Cash (Debt)	188.42M	80.84M	159.22M	146.73M	365.56M
Net Cash Per Share	2.36	1.01	2.41	2.32	9.14
Net Cash Growth	+133.1%	-49.2%	+8.5%	-59.9%	-29.4%
Other Receivables Insurance	26.95M	37.40M	55.14M	88.99M	129.06M
Restricted Cash	79.82M	79.82M	79.82M	63.85M	40.00M
Construction In Progress	96.00K	193.00K	521.00K	—	190.00K
Machinery	78.90M	60.84M	58.09M	37.29M	20.90M
Property, Plant & Equipment	95.01M	6.70M	7.84M	5.98M	2.71M
Goodwill	364.95M	364.95M	364.95M	364.95M	46.79M
Other Intangibles Insurance	52.62M	56.31M	62.51M	43.71M	10.67M
Deferred Policy Acquisition Cost	—	—	—	—	10.13M
Other Current Assets Insurance	41.52M	29.87M	32.66M	1.95M	36.88M
Other Long Term Assets Insurance	—	—	—	—	1.97M
Long-Term Leases	70.75M	1.18M	1.75M	—	—
Long-Term Deferred Charges	—	—	—	—	2.20M
Loans & Investments
Investment Debt Securities	281.09M	195.10M	70.00M	—	—
Investment Equity Preferred	155.68M	134.29M	101.09M	—	14.63M
Other Investments	0.79B	0.96B	0.98B	1.02B	0.31B
Reinsurance Recoverable	771.80M	536.42M	421.73M	224.16M	177.01M
Total Investments	3.20B	2.42B	2.17B	1.58B	0.33B
Liabilities & Obligations
Total Liabilities & Equity	4.89B	3.61B	3.36B	2.52B	1.15B
Accounts Payable Insurance	—	—	—	—	—
Accrued Expenses	92.79M	56.96M	114.79M	92.64M	74.04M
Current Income Taxes Payable	28.50M	40.88M	56.85M	50.71M	40.72M
Other Current Liabilities Insurance	—	—	—	59.16M	39.77M
Other Long Term Liabilities Insurance	72.01M	58.19M	46.64M	6.78M	3.13M
Reinsurance Payable	4.42M	6.11M	2.95M	0.90M	13.87M
Unearned Premiums	—	—	—	—	198.70M
Unpaid Claims	—	—	—	—	247.87M
Insurance Annuity Liabilities	2.97B	1.78B	1.57B	1.11B	0.03B
Debt & Funding
Total Debt	70.75M	1.18M	1.75M	—	—
Equity & Book Value
Shareholders' Equity	1.63B	1.65B	1.54B	1.19B	0.49B
Common Stock	798.15M	798.15M	798.15M	638.53M	400.00M
Additional Paid-In Capital	478.47M	478.47M	478.47M	355.88M	—
Retained Earnings	248.55M	292.31M	221.31M	152.91M	90.48M
Comprehensive Income & Other	107.13M	83.16M	46.30M	37.86M	-1.77M
Book Value Per Share	20.45	20.70	19.35	18.56	12.22
Tangible Book Value	1.21B	1.23B	1.12B	0.78B	0.43B
Tangible Book Value Per Share	15.22	15.42	13.99	12.16	10.78
Filing Date Shares Outstanding	79.82M	79.82M	79.82M	63.85M	40.00M
Total Common Shares Outstanding	79.82M	79.82M	79.82M	63.85M	40.00M
Supplemental
Total Liabilities Insurance	3.26B	1.96B	1.81B	1.34B	0.66B

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Assets
Cash & Equivalents	259.17M	82.02M	160.97M	146.73M	365.56M
Total Assets	4.89B	3.61B	3.36B	2.52B	1.15B
Investment Securities	281.09M	195.10M	70.00M	—	—
Reinsurance Recoverable	771.80M	536.42M	421.73M	224.16M	177.01M
Liabilities
Total Liabilities	3.26B	1.96B	1.81B	1.34B	0.66B
Insurance Liabilities	2.97B	1.78B	1.57B	1.11B	0.03B
Unearned Premiums	—	—	—	—	198.70M
Unpaid Claims	—	—	—	—	247.87M
Equity & Ownership
Deferred Policy Acquisition Cost	—	—	—	—	10.13M
Total Equity	1.63B	1.65B	1.54B	1.19B	0.49B
Shares Outstanding	79,815,295	79,815,295	79,815,295	63,852,500	40,000,000
Cash & Assets
Total Assets	4.89B	3.61B	3.36B	2.52B	1.15B
Cash & Equivalents	259.17M	82.02M	160.97M	146.73M	365.56M
Net Cash (Debt)	188.42M	80.84M	159.22M	146.73M	365.56M
Net Cash Per Share	2.36	1.01	2.41	2.32	9.14
Net Cash Growth	+133.1%	-49.2%	+8.5%	-59.9%	-29.4%
Other Receivables Insurance	26.95M	37.40M	55.14M	88.99M	129.06M
Restricted Cash	79.82M	79.82M	79.82M	63.85M	40.00M
Construction In Progress	96.00K	193.00K	521.00K	—	190.00K
Machinery	78.90M	60.84M	58.09M	37.29M	20.90M
Property, Plant & Equipment	95.01M	6.70M	7.84M	5.98M	2.71M
Goodwill	364.95M	364.95M	364.95M	364.95M	46.79M
Other Intangibles Insurance	52.62M	56.31M	62.51M	43.71M	10.67M
Deferred Policy Acquisition Cost	—	—	—	—	10.13M
Other Current Assets Insurance	41.52M	29.87M	32.66M	1.95M	36.88M
Other Long Term Assets Insurance	—	—	—	—	1.97M
Long-Term Leases	70.75M	1.18M	1.75M	—	—
Long-Term Deferred Charges	—	—	—	—	2.20M
Loans & Investments
Investment Debt Securities	281.09M	195.10M	70.00M	—	—
Investment Equity Preferred	155.68M	134.29M	101.09M	—	14.63M
Other Investments	0.79B	0.96B	0.98B	1.02B	0.31B
Reinsurance Recoverable	771.80M	536.42M	421.73M	224.16M	177.01M
Total Investments	3.20B	2.42B	2.17B	1.58B	0.33B
Liabilities & Obligations
Total Liabilities & Equity	4.89B	3.61B	3.36B	2.52B	1.15B
Accounts Payable Insurance	—	—	—	—	—
Accrued Expenses	92.79M	56.96M	114.79M	92.64M	74.04M
Current Income Taxes Payable	28.50M	40.88M	56.85M	50.71M	40.72M
Other Current Liabilities Insurance	—	—	—	59.16M	39.77M
Other Long Term Liabilities Insurance	72.01M	58.19M	46.64M	6.78M	3.13M
Reinsurance Payable	4.42M	6.11M	2.95M	0.90M	13.87M
Unearned Premiums	—	—	—	—	198.70M
Unpaid Claims	—	—	—	—	247.87M
Insurance Annuity Liabilities	2.97B	1.78B	1.57B	1.11B	0.03B
Debt & Funding
Total Debt	70.75M	1.18M	1.75M	—	—
Equity & Book Value
Shareholders' Equity	1.63B	1.65B	1.54B	1.19B	0.49B
Common Stock	798.15M	798.15M	798.15M	638.53M	400.00M
Additional Paid-In Capital	478.47M	478.47M	478.47M	355.88M	—
Retained Earnings	248.55M	292.31M	221.31M	152.91M	90.48M
Comprehensive Income & Other	107.13M	83.16M	46.30M	37.86M	-1.77M
Book Value Per Share	20.45	20.70	19.35	18.56	12.22
Tangible Book Value	1.21B	1.23B	1.12B	0.78B	0.43B
Tangible Book Value Per Share	15.22	15.42	13.99	12.16	10.78
Filing Date Shares Outstanding	79.82M	79.82M	79.82M	63.85M	40.00M
Total Common Shares Outstanding	79.82M	79.82M	79.82M	63.85M	40.00M
Supplemental
Total Liabilities Insurance	3.26B	1.96B	1.81B	1.34B	0.66B