TASI · 8180

ALSAGR INSURANCE

Discounted cash-flow valuation

EDITABLE, SOURCE-LINKED MODEL

Insurance equity DCF builder

Al Sagr’s latest shareholder results and June accounting equity are reviewed below. Trailing shareholder earnings remain a loss, so a positive steady-state return and recovery date cannot be supported. No automatic valuation is published.

Valuation date2026-06-30Scenario basis date

Earnings basis & source figures

Reported shareholder result: FY2025 loss SAR 70.317m + H1 2026 profit SAR 2.111m − H1 2025 loss SAR 33.258m = TTM loss SAR 34.948m. June accounting equity is SAR 344.324m and paid-up capital supports 30.000m issued shares. These facts do not establish sustainable earnings or distributable regulatory capital.

Review figures and sources ↓

INPUT REVIEW REQUIRED

Start with a documented basis

Official reference figures ↓

Reported TTM shareholder loss: SAR 34.948m. A positive DCF would require an explicit, sourced recovery case; RUKNasi has not invented one.

Missing inputs are not zero-filled. Total equity is not automatically common equity. Review the statements and notes, then enter the adjusted basis.

Common equity · SAR mNormalized annual ordinary earnings · SAR mDiluted ordinary shares · millionsValuation dateReport URL supporting your inputs

I reviewed the source, aligned dates, non-ordinary claims and capital constraints. These are my inputs, not a RUKNasi verification.This positive, steady-state model is not suitable for an unresolved loss-making or negative-equity turnaround.

↗

Analyst estimates

Published estimates

No verified numerical analyst forecast

Reviewed sources do not publish a numerical forward consensus for this company. DCF assumptions are shown separately and are not analyst estimates.

Every number, with its source

Reported inputs below are converted to SAR millions where needed. Page references are PDF page numbers.

Reported TTM shareholder result after zakat and tax-34.95−70.317330 + 2.110782 − (−33.258058)

Reported input	Period	Value	Unit	Source
Shareholder result after zakat and taxAnnual result reproduced as the rolling-period anchor in the H1 report.	FY2025	-70.317	SAR m	Page 6 ↗
Shareholder result after zakat and tax	H1 2026	2.111	SAR m	Page 6 ↗
Comparative shareholder result after zakat and tax	H1 2025 comparative	-33.258	SAR m	Page 6 ↗
Total accounting equityAccounting equity is not independently verified regulatory or distributable capital.	30 Jun 2026	344.324	SAR m	Page 5 ↗
Issued ordinary sharesSAR 300m paid-up share capital divided by SAR 10 par value.	30 Jun 2026	30	m shares	Page 5 ↗

Model boundaries

The positive H1 2026 result does not establish a profitable run rate: reported trailing shareholder earnings remain negative. No recovery growth, normalized profit or recovery date is assumed.
An insurer requires explicit underwriting, investment-return, claims, solvency-capital and dividend assumptions. Insurance contract assets and investments are not spare shareholder cash.
Accounting equity is not automatically common distributable capital. Regulatory capital, restrictions and any capital actions require separate dated evidence.
The 30m-share denominator is derived from paid-up capital and par value in the report; later capital events would require a new same-date review.
Keep policyholder funds separate. Insurance contract liabilities, reinsurance, IFRS 17 changes and solvency buffers cannot be treated as spare shareholder cash.
Use a verified same-date, fully diluted ordinary-share denominator. The current issued share count shown for reference may reflect later bonus issues, capital reductions or rights issues.
Earnings less retained capital is a clean-surplus equity model. It does not separately forecast working capital, acquisitions, OCI or regulatory capital. It is not suitable for unresolved negative-equity or loss-making turnaround cases.
Growth and return defaults are illustrative controls, not analyst forecasts. Dividends and accounting earnings do not by themselves establish distributable free cash flow.

Model source review: 2026-09-07. Not investment advice.