National Sugar Refinery
| Name | National Sugar Refinery | |
| Sector | Manufacturing - Food & Beverage | |
| Trading | MSM | |
| RIC Code | NSR.OM | |
| Location | OMAN |
Profile and Background
National Sugar Refining Company (NSR) was established to set up a factory that will refine raw sugar into white sugar for the Omani market and for export to Iran, Yemen, East Africa and other neighboring markets.
It is being promoted by the Shanfari Group and Ali Redha Trading Company, a leading sugar trader in Oman and Dubai. The estimated total cost of the project is RO 31 million ($81.2 million), of which equity makes up RO 15.
4 million ($39.9 million). A public offering in September-October 1997 raised 40 per cent of the equity and was more than 19 times oversubscribed.NSR's original plans for the construction of a 360,000-tonne-a-year (t/y) refinery have been revised and the company now plans to set up a 450,000-t/y plant.
The cost of the larger plant will be RO 39.7 million ($103 million) and will be funded with NSR's capital of RO 15 million ($39 million), commercial loans of RO 21 million ($54.5 million) and a government loan of RO 5 million ($13 million).
NSR posted a loss of RO 1.4 million ($3.6 million) for its initial reporting period between October 1997-December 1998. A slightly reduced loss was reported in 1999, again before production began. The company was delisted off the Oman Securities Market during 2000.
It is being promoted by the Shanfari Group and Ali Redha Trading Company, a leading sugar trader in Oman and Dubai. The estimated total cost of the project is RO 31 million ($81.2 million), of which equity makes up RO 15.
4 million ($39.9 million). A public offering in September-October 1997 raised 40 per cent of the equity and was more than 19 times oversubscribed.NSR's original plans for the construction of a 360,000-tonne-a-year (t/y) refinery have been revised and the company now plans to set up a 450,000-t/y plant.
The cost of the larger plant will be RO 39.7 million ($103 million) and will be funded with NSR's capital of RO 15 million ($39 million), commercial loans of RO 21 million ($54.5 million) and a government loan of RO 5 million ($13 million).
NSR posted a loss of RO 1.4 million ($3.6 million) for its initial reporting period between October 1997-December 1998. A slightly reduced loss was reported in 1999, again before production began. The company was delisted off the Oman Securities Market during 2000.
Shareholding Groups
| Individuals | N/A |
| Institutions | N/A |
| Floating | N/A |
| Government | N/A |
Stock Performance
Market Information
| Stock | Oman Index | |
| Last Closing | RO 0.86 | 1832.4 |
| YTD % |  0% | 0% |
| Weekly % | 0% |  6.57% |
| Year High | RO 0.86 | 1909.5 |
| Year Low | RO 0.86 | 1555 |
| 52 Week High | RO 0.86 | 2951.18 |
| 52 Week Low | RO 0.86 | 1734.99 |
| BETA | 0.0049 | |
| Outstanding Shares | 15,360,000 | |
| Market Cap | RO 13,209,600 | |
| Market Cap in $ | USD $34,310,649 | |
| % of Oman Market | 0.28% | |
| % of Sector | 1.65% | |
| Rank by Cap | 43 |
Key Figures in '000 RO
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Financial Ratios
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Valuation Ratios
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