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Monday, November 30 - 2009

Al-Jazeera Steel Product

Name Al-Jazeera Steel Product
Sector Manufacturing - Fabricated metals
Trading MSM
RIC Code AJTM.OM
Location OMAN

Profile and Background

Al-Jazeera Tube Mills Company was established in early 1997 following the flotation of 40 per cent of its equity. Its main founding shareholder is Moosa Abdul-Rahman Hassan Company with 20 per cent. Based in Sohar, Al-Jazeera manufactures galvanized and cold and hot-rolled black pipes for the local market and export.

It is the first company of its kind in Oman.Al-Jazeera reported sales of RO 1.18 million ($3 million) in its first full year of operation. A net loss of RO 427,244 ($1.1 million) was recorded. The loss has been absorbed by reserves.

The price of Al-Jazeera shares rose sharply in the first half of 2000 as sales moved ahead. This in part reflected hopes of a dividend pay-out in due course.

Shareholding Groups

Individuals N/A
Institutions N/A
Floating N/A
Government N/A

Stock Performance

Al-Jazeera Steel Product Stock Performance

Market Information

Stock Oman Index
Last Closing RO 7 1899.9
YTD % 41.67% 35.4%
Weekly % -10.256% -0.08%
Year High RO 8.035 1926.21
Year Low RO 4.647 1398.3
52 Week High RO 13.66 1926.21
52 Week Low RO 5 1282.11
BETA 8.699
Outstanding Shares 6,120,000
Market Cap RO 42,840,000
Market Cap in $ USD $111,272,727
% of Oman Market 1.35%
% of Sector 6.16%
Rank by Cap 17

Key Figures in '000 RO

2003 2002 2001
Total Assets 15,663 14,382 12,691
Shareholder's Equity 3,931 3,815 1,704
NIAT 356 902 397
Dividends N/A 240 N/A

Financial Ratios

2003 2002 2001
Assets Growth 8.91% 13.32% 39.40%
Earning Growth -60.56% 127.47% 0.00%
ROaA 2.37% 6.67% 3.64%
ROaE 9.19% 32.69% 26.34%
No. Of Shares 2,400,000 2,400,000 2,400,000
EPS 0.15 0.38 0.17
EPS Growth -60.56% 127.47% 0.00%
Payout Ratio N/A 26.602 N/A

Valuation Ratios

Trailing
PE 120.41
PB 10.90
DVPS N/A
Div Yield N/A
EV 6,984.00
EV/Equity 1.78
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