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
Operating Summary
Revenue	1.48B	1.21B	0.98B	0.64B	0.44B
Operating Expenses	1.43B	1.06B	0.82B	0.64B	0.40B
Pretax Income	-31.27M	93.73M	87.89M	0.41M	36.61M
Income Tax	12.48M	22.73M	20.95M	18.63M	10.45M
Net Income	-43.75M	71.00M	66.94M	-18.23M	26.15M
Premium Revenue	1.34B	1.06B	0.80B	0.60B	0.37B
Policy Benefits	1.19B	0.81B	0.66B	0.61B	0.28B
Policy Cost	150.02M	137.37M	73.73M	—	38.65M
EPS (Basic)	-0.55	0.89	1.01	-0.29	0.65
EPS (Diluted)	-0.55	0.89	1.01	-0.29	0.65
Margins & Efficiency
Net Margin %	-3.0%	+5.9%	+6.8%	-2.9%	+5.9%
Revenue & Income
Revenue Growth (YoY)	+22.2%	+23.8%	+53.2%	+45.0%	+11.3%
Revenue Insurance	1.48B	1.21B	0.98B	0.64B	0.44B
Premiums Annuity Rev	1.34B	1.06B	0.80B	0.60B	0.37B
Other Revenue Insurance	3.65M	7.58M	17.82M	—	60.46M
Gain Investment Rev Insurance	-2.33M	18.80M	4.26M	0.12M	13.18M
Currency Exchange Gain (Loss)	-34.00K	14.00K	52.00K	11.00K	—
Expenses & Provisions
SG&A Insurance	0.08M	0.49M	0.68M	0.12M	57.00M
Other Opex Insurance	93.45M	116.33M	86.53M	27.46M	20.53M
Total Opex Insurance	1.43B	1.06B	0.82B	0.64B	0.40B
Interest Expense	-81.01M	-59.76M	-83.31M	—	—
Policy Benefits	1.19B	0.81B	0.66B	0.61B	0.28B
Policy Cost	150.02M	137.37M	73.73M	—	38.65M
Provision for Bad Debts	—	—	—	—	5.88M
D&A For EBITDA	7.57M	15.25M	10.51M	5.06M	1.44M
Da Suppl Insurance	—	—	—	—	4.38M
Deferred Policy Acquisition Cost	—	—	—	—	10.13M
Profitability & Returns
EBIT	49.78M	153.47M	163.15M	0.40M	36.61M
EBIT Margin	+3.4%	+12.7%	+16.7%	+0.1%	+8.3%
EBITDA	57.34M	168.73M	173.66M	5.46M	38.05M
EBITDA Margin	+3.9%	+13.9%	+17.7%	+0.9%	+8.6%
EBT Excluding Unusual Items	-31.27M	93.73M	79.89M	0.41M	36.61M
Pretax Income	-31.27M	93.73M	87.89M	0.41M	36.61M
Opinc Insurance	49.78M	153.47M	163.15M	0.40M	36.61M
Operating Margin	+3.4%	+12.7%	+16.7%	+0.1%	+8.3%
Profit Margin	-3.0%	+5.9%	+6.8%	-2.9%	+5.9%
Net Income	-43.75M	71.00M	66.94M	-18.23M	26.15M
Net Income to Common	-43.75M	71.00M	66.94M	-18.23M	26.15M
Net Income Growth	—	+6.1%	—	—	-17.4%
Income Tax Expense	12.48M	22.73M	20.95M	18.63M	10.45M
Effective Tax Rate	—	+24.3%	+23.8%	+4,588.9%	+28.6%
Per Share & Capital
EPS (Basic)	-0.55	0.89	1.01	-0.29	0.65
EPS (Diluted)	-0.55	0.89	1.01	-0.29	0.65
EPS Growth	—	-12.2%	—	—	-17.2%
Shares Change (YoY)	—	0.21	0.05	0.58	-0
Shares Outstanding (Basic)	79.82M	79.82M	66.04M	63.13M	40.00M
Shares Outstanding (Diluted)	79.82M	79.82M	66.04M	63.13M	40.00M
Free Cash Flow	32.11M	-34.12M	226.04M	83.13M	-76.10M
Free Cash Flow Margin	+2.2%	-2.8%	+23.1%	+13.0%	-17.3%
Free Cash Flow Per Share	0.40	-0.43	3.42	1.32	-1.90
Supplemental
Other Unusual Items	—	—	7.99M	—	—
Total Interest Dividend Income	144.81M	126.96M	161.51M	36.55M	1.63M

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
Operating Summary
Revenue	1.48B	1.21B	0.98B	0.64B	0.44B
Operating Expenses	1.43B	1.06B	0.82B	0.64B	0.40B
Pretax Income	-31.27M	93.73M	87.89M	0.41M	36.61M
Income Tax	12.48M	22.73M	20.95M	18.63M	10.45M
Net Income	-43.75M	71.00M	66.94M	-18.23M	26.15M
Premium Revenue	1.34B	1.06B	0.80B	0.60B	0.37B
Policy Benefits	1.19B	0.81B	0.66B	0.61B	0.28B
Policy Cost	150.02M	137.37M	73.73M	—	38.65M
EPS (Basic)	-0.55	0.89	1.01	-0.29	0.65
EPS (Diluted)	-0.55	0.89	1.01	-0.29	0.65
Margins & Efficiency
Net Margin %	-3.0%	+5.9%	+6.8%	-2.9%	+5.9%
Revenue & Income
Revenue Growth (YoY)	+22.2%	+23.8%	+53.2%	+45.0%	+11.3%
Revenue Insurance	1.48B	1.21B	0.98B	0.64B	0.44B
Premiums Annuity Rev	1.34B	1.06B	0.80B	0.60B	0.37B
Other Revenue Insurance	3.65M	7.58M	17.82M	—	60.46M
Gain Investment Rev Insurance	-2.33M	18.80M	4.26M	0.12M	13.18M
Currency Exchange Gain (Loss)	-34.00K	14.00K	52.00K	11.00K	—
Expenses & Provisions
SG&A Insurance	0.08M	0.49M	0.68M	0.12M	57.00M
Other Opex Insurance	93.45M	116.33M	86.53M	27.46M	20.53M
Total Opex Insurance	1.43B	1.06B	0.82B	0.64B	0.40B
Interest Expense	-81.01M	-59.76M	-83.31M	—	—
Policy Benefits	1.19B	0.81B	0.66B	0.61B	0.28B
Policy Cost	150.02M	137.37M	73.73M	—	38.65M
Provision for Bad Debts	—	—	—	—	5.88M
D&A For EBITDA	7.57M	15.25M	10.51M	5.06M	1.44M
Da Suppl Insurance	—	—	—	—	4.38M
Deferred Policy Acquisition Cost	—	—	—	—	10.13M
Profitability & Returns
EBIT	49.78M	153.47M	163.15M	0.40M	36.61M
EBIT Margin	+3.4%	+12.7%	+16.7%	+0.1%	+8.3%
EBITDA	57.34M	168.73M	173.66M	5.46M	38.05M
EBITDA Margin	+3.9%	+13.9%	+17.7%	+0.9%	+8.6%
EBT Excluding Unusual Items	-31.27M	93.73M	79.89M	0.41M	36.61M
Pretax Income	-31.27M	93.73M	87.89M	0.41M	36.61M
Opinc Insurance	49.78M	153.47M	163.15M	0.40M	36.61M
Operating Margin	+3.4%	+12.7%	+16.7%	+0.1%	+8.3%
Profit Margin	-3.0%	+5.9%	+6.8%	-2.9%	+5.9%
Net Income	-43.75M	71.00M	66.94M	-18.23M	26.15M
Net Income to Common	-43.75M	71.00M	66.94M	-18.23M	26.15M
Net Income Growth	—	+6.1%	—	—	-17.4%
Income Tax Expense	12.48M	22.73M	20.95M	18.63M	10.45M
Effective Tax Rate	—	+24.3%	+23.8%	+4,588.9%	+28.6%
Per Share & Capital
EPS (Basic)	-0.55	0.89	1.01	-0.29	0.65
EPS (Diluted)	-0.55	0.89	1.01	-0.29	0.65
EPS Growth	—	-12.2%	—	—	-17.2%
Shares Change (YoY)	—	0.21	0.05	0.58	-0
Shares Outstanding (Basic)	79.82M	79.82M	66.04M	63.13M	40.00M
Shares Outstanding (Diluted)	79.82M	79.82M	66.04M	63.13M	40.00M
Free Cash Flow	32.11M	-34.12M	226.04M	83.13M	-76.10M
Free Cash Flow Margin	+2.2%	-2.8%	+23.1%	+13.0%	-17.3%
Free Cash Flow Per Share	0.40	-0.43	3.42	1.32	-1.90
Supplemental
Other Unusual Items	—	—	7.99M	—	—
Total Interest Dividend Income	144.81M	126.96M	161.51M	36.55M	1.63M