Al-Ahsa Development
| Name | Al-Ahsa Development | |
| Sector | Finance & Insurance - Holdings & Other investment co | |
| Trading | Tadawul | |
| RIC Code | 2140.SE | |
| Location | SAUDI ARABIA |
Profile and Background
Al-Ahsa Development Company was established in 1993 as a joint stock company and floated on the Saudi share market in 1994. Its objective is to develop economic activities in and around Al-Ahsa, the oasis town in the Eastern Province famous for its date palms.
Its main projects so far include a date processing plant and a hospital.Al-Ahsa has developed a joint venture factory with Japan's Marubeni Corporation to produce high quality national dress. The factory began production in the first quarter of 1998.
In December 1998, Al-Ahsa started work on the construction of a SR 200 million ($53.3 million) hospital in the east of the kingdom, in joint venture with the government and other local investors Construction is expected to take 26 months.
The bulk of the company's income comes from the share in the profits of the projects it has invested in. In 1998, income fell modestly to SR 15 million ($4 million). Net income dropped by 10 per cent to SR 11.
1 million ($3 million). The company declared a 5 per cent dividend for the year.
Its main projects so far include a date processing plant and a hospital.Al-Ahsa has developed a joint venture factory with Japan's Marubeni Corporation to produce high quality national dress. The factory began production in the first quarter of 1998.
In December 1998, Al-Ahsa started work on the construction of a SR 200 million ($53.3 million) hospital in the east of the kingdom, in joint venture with the government and other local investors Construction is expected to take 26 months.
The bulk of the company's income comes from the share in the profits of the projects it has invested in. In 1998, income fell modestly to SR 15 million ($4 million). Net income dropped by 10 per cent to SR 11.
1 million ($3 million). The company declared a 5 per cent dividend for the year.
Shareholding Groups
| Individuals | N/A |
| Institutions | 5% |
| Floating | N/A |
| Government | N/A |
Stock Performance
Market Information
| Stock | Saudi_Arabia Index | |
| Last Closing | SAR 34 | 3424.18 |
| YTD % |  -0.746% |  0% |
| Weekly % |  2.308% | 5.55% |
| Year High | SAR 47.75 | 9083.39 |
| Year Low | SAR 24.25 | 3296.01 |
| 52 Week High | SAR 159.72 | 4532.55 |
| 52 Week Low | SAR 32 | 2983.01 |
| BETA | 1.8121 | |
| Outstanding Shares | 42,875,000 | |
| Market Cap | SAR 1,457,750,000 | |
| Market Cap in $ | USD $388,733,333 | |
| % of Saudi_Arabia Market | 0.12% | |
| % of Sector | 0.32% | |
| Rank by Cap | 61 |
Key Figures in '000 SAR
| 2004 | 2003 | 2002 | |
| Total Assets | 482,301 | 415,682 | 433,269 |
| Shareholder's Equity | 355,760 | 292,563 | 312,574 |
| NIAT | 63,197 | -19,799 | -26,245 |
| Dividends | N/A | N/A | N/A |
Financial Ratios
| 2004 | 2003 | 2002 | |
| Assets Growth | 16.03% | -4.06% | 26.70% |
| Earning Growth | 0.00% | 0.00% | 0.00% |
| ROaA | 14.08% | -4.66% | -6.77% |
| ROaE | 19.50% | -6.54% | -8.06% |
| No. Of Shares | 6,000,000 | 6,000,000 | 6,000,000 |
| EPS | 10.53 | -3.30 | -4.37 |
| EPS Growth | 0.00% | 0.00% | 0.00% |
| Payout Ratio | N/A | N/A | N/A |
Valuation Ratios
| Trailing | |
| PE | |
| PB | |
| DVPS | |
| Div Yield | |
| EV | |
| EV/Equity |
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