Al-Shurooq Investment Services
| Name | Al-Shurooq Investment Services | |
| Sector | Finance & Insurance - Brokers and asset management firms | |
| Trading | MSM | |
| RIC Code | SISC.OM | |
| Location | OMAN |
Profile and Background
Al-Shurooq Investment Services Company was established in 1998 by a group of seven Omani and two UAE investors to carry out brokerage and investment banking activities. The company has an authorized capital of RO 6 million ($15.
6 million) and a paid-in capital of RO 2 million ($5.2 million). An initial public offering (IPO) was held in August 1998 in which 40 per cent of the company's capital, or 800,000 shares with a nominal value of RO 1 ($2.
60), were sold to the public. Foreign ownership of the company's shares is limited to 49 per cent. Al-Shurooq plans to increase its capital to RO 4 million ($10.4 million) after three years and to RO 6 million ($15.
6 million) after six years. In 1999, the company recorded a loss of RO 147,030 ($380,000). This is being held on the balance sheet. It is now looking for opportunities to apply its skills in markets outside Oman in the region and globally.
The company underwent a restructuring process in Q3 04, where 65% of capital was written off against accumulated losses followed by a capital increase to OMR 2 mn through a private placement to Kuwait's Global Investment House.
6 million) and a paid-in capital of RO 2 million ($5.2 million). An initial public offering (IPO) was held in August 1998 in which 40 per cent of the company's capital, or 800,000 shares with a nominal value of RO 1 ($2.
60), were sold to the public. Foreign ownership of the company's shares is limited to 49 per cent. Al-Shurooq plans to increase its capital to RO 4 million ($10.4 million) after three years and to RO 6 million ($15.
6 million) after six years. In 1999, the company recorded a loss of RO 147,030 ($380,000). This is being held on the balance sheet. It is now looking for opportunities to apply its skills in markets outside Oman in the region and globally.
The company underwent a restructuring process in Q3 04, where 65% of capital was written off against accumulated losses followed by a capital increase to OMR 2 mn through a private placement to Kuwait's Global Investment House.
Shareholding Groups
| Individuals | N/A |
| Institutions | N/A |
| Floating | N/A |
| Government | N/A |
Stock Performance
Market Information
| Stock | Oman Index | |
| Last Closing | RO 1.9 | 1832.4 |
| YTD % |  -0.042% |  0% |
| Weekly % | 0% |  6.57% |
| Year High | RO 1.9 | 1909.5 |
| Year Low | RO 1.4 | 1555 |
| 52 Week High | RO 1.9 | 2951.18 |
| 52 Week Low | RO 1.89 | 1734.99 |
| BETA | 1.942 | |
| Outstanding Shares | 2,000,000 | |
| Market Cap | RO 3,800,000 | |
| Market Cap in $ | USD $9,870,130 | |
| % of Oman Market | 0.08% | |
| % of Sector | 0.16% | |
| Rank by Cap | 73 |
Key Figures in '000 RO
| 2002 | 2001 | ||
| Total Assets | 660 | 456 | |
| Shareholder's Equity | 319 | 335 | |
| NIAT | -27 | -713 | |
| Dividends | N/A | N/A |
Financial Ratios
| 2002 | 2001 | ||
| Assets Growth | 44.82% | N/A | |
| Earning Growth | 0.00% | 0.00% | |
| ROaA | -4.77% | -312.71% | |
| ROaE | -8.14% | -425.58% | |
| No. Of Shares | 2,000,000 | 2,000,000 | |
| EPS | -0.01 | -0.36 | |
| EPS Growth | 0.00% | 0.00% | |
| Payout Ratio | N/A | N/A |
Valuation Ratios
| Trailing | |
| PE | |
| PB | |
| DVPS | |
| Div Yield | |
| EV | |
| EV/Equity |
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