Reem Batteries & Power Appliances Company was established in 1981 and was listed in September 1992. It has shown consistent growth in sales in the past six years and profits grew steadily between 1993-97, when the company wiped out its accumulated losses.

Sales volumes and turnover increased by 14 per cent and 4 per cent respectively in 1998. However, increased overhead expenses, provisioning for the diminution of the value of investments and taxation hit the bottom line in 1998, when net profits declined by 25 per cent.

Despite the lower profits, the company's directors recommended the distribution of a maiden 15 per cent cash dividend for 1998.Reem increased its capacity in October 1996 to 800,000 batteries a year, and a further expansion during 1998 raised capacity to 1 million batteries.

It was awarded the ISO 9001 quality certification during 1998. The company exports to markets worldwide and during 1998 strengthened its position in South America and Scandinavia. Management stress that growing competition from other battery manufacturers in the GCC and the Far East is a cause for concern.

The company was delisted from the Oman Securities Market late 2003.

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

Vice Chairman	Nasser Khalifa Al Kalbani
Chairman	Sheik Ali Bin Hamed Al Hasani

	2002	2001	2000
Total Assets	6,268	6,438	6,946
Shareholder's Equity	3,238	2,973	3,300
NIAT	390	123	426
Dividends	N/A	125	N/A

	2002	2001	2000
Assets Growth	-2.65%	-7.31%	N/A
Earning Growth	217.50%	-71.17%	0.00%
ROaA	6.14%	1.83%	12.26%
ROaE	12.55%	3.91%	25.80%
No. Of Shares	2,500,000	2,500,000	2,500,000
EPS	0.16	0.05	0.17
EPS Growth	217.50%	-71.17%	0.00%
Payout Ratio	N/A	101.833	N/A

	Trailing
PE
PB
DVPS
Div Yield
EV
EV/Equity

The information is this section is provided by SHUAA Capital PSC. The information contained in this section is not intended to be an offer, a recommendation, or a solicitation to buy or sell securities or investment products.

The information and opinions contained in this section have been compiled from, or arrived at in good faith, from sources believed to be reliable but no guarantee or warranty is made by SHUAA Capital or AME Info as to the accuracy or completeness of the information contained herein.

All opinions expressed herein are subject to change without notice.

Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC.

© SHUAA Capital PSC. All rights reserved.