Al-Baha Development
| Name | Al-Baha Development | |
| Sector | Finance & Insurance - Holdings & Other investment co | |
| Trading | Tadawul | |
| RIC Code | 4130.SE | |
| Location | SAUDI ARABIA |
Profile and Background
Al-Baha Development & Investment Company was founded in 1993 to develop projects in Al-Baha province, south of Jeddah. The honorary chairman is Prince Mohammad Ibn Saud Ibn Abdulaziz al-Saud, governor of the province.
The private sector, mainly local to the province, owns 100 per cent of the company. Investments include a 65 per cent stake in the Marble & Granite Company, set up to develop the high-quality minerals found in the region, which straddles the Hejaz mountains.
Al-Baha province encompasses Shuaiba, site of a major industrial development complex serving Jeddah. The company has started work on a tourism village for the region. This will comprise about 40 homes plus a conference hall.
This reflects the belief that the region could develop as a weekend resort for nationals and foreigners living in Jeddah. However, industrial projects capitalizing on local resources continue to be the priority.
Work has started on an artificial leather factory. A major poultry project is also underway. Future projects may include a large commercial complex.Al-Baha has managed to report a profit every year since it was founded mainly because of returns from its investment portfolio.
However, net profits were halved in 1997 to SR 648 million ($172,000) from SR 1.6 million ($419,000) in 1996. Sales fell by 55 per cent to SR 5.2 million ($1.4 million) from SR 11.5 million ($3.1 million) in the previous year.
In 1998, sales revenues were barely changed at SR 5.3 million ($1.4 million). Net profits edged higher to SR 656,000 ($175,000). No dividend has been paid to shareholders since the company was founded.
The private sector, mainly local to the province, owns 100 per cent of the company. Investments include a 65 per cent stake in the Marble & Granite Company, set up to develop the high-quality minerals found in the region, which straddles the Hejaz mountains.
Al-Baha province encompasses Shuaiba, site of a major industrial development complex serving Jeddah. The company has started work on a tourism village for the region. This will comprise about 40 homes plus a conference hall.
This reflects the belief that the region could develop as a weekend resort for nationals and foreigners living in Jeddah. However, industrial projects capitalizing on local resources continue to be the priority.
Work has started on an artificial leather factory. A major poultry project is also underway. Future projects may include a large commercial complex.Al-Baha has managed to report a profit every year since it was founded mainly because of returns from its investment portfolio.
However, net profits were halved in 1997 to SR 648 million ($172,000) from SR 1.6 million ($419,000) in 1996. Sales fell by 55 per cent to SR 5.2 million ($1.4 million) from SR 11.5 million ($3.1 million) in the previous year.
In 1998, sales revenues were barely changed at SR 5.3 million ($1.4 million). Net profits edged higher to SR 656,000 ($175,000). No dividend has been paid to shareholders since the company was founded.
Shareholding Groups
| Individuals | N/A |
| Institutions | N/A |
| Floating | N/A |
| Government | N/A |
Stock Performance
Market Information
| Stock | Saudi_Arabia Index | |
| Last Closing | SAR 32.75 | 3424.18 |
| YTD % |  -8.19% |  0% |
| Weekly % | -4.268% |  5.55% |
| Year High | SAR 65.98 | 9083.39 |
| Year Low | SAR 20.99 | 3296.01 |
| 52 Week High | SAR 236.66 | 4532.55 |
| 52 Week Low | SAR 19.49 | 2983.01 |
| BETA | 4.0272 | |
| Outstanding Shares | 15,000,000 | |
| Market Cap | SAR 491,250,000 | |
| Market Cap in $ | USD $131,000,000 | |
| % of Saudi_Arabia Market | 0.04% | |
| % of Sector | 0.11% | |
| Rank by Cap | 80 |
Key Figures in '000 SAR
| 2003 | 2002 | 2001 | |
| Total Assets | 107,698 | 107,437 | 121,253 |
| Shareholder's Equity | 86,319 | 88,229 | 94,095 |
| NIAT | -5,074 | -5,781 | -1,216 |
| Dividends | N/A | N/A | N/A |
Financial Ratios
| 2003 | 2002 | 2001 | |
| Assets Growth | 0.24% | -11.39% | 0.30% |
| Earning Growth | 0.00% | 0.00% | 0.00% |
| ROaA | -4.72% | -5.06% | -1.00% |
| ROaE | -5.81% | -6.34% | -1.20% |
| No. Of Shares | 3,000,000 | 3,000,000 | 3,000,000 |
| EPS | -1.69 | -1.93 | -0.41 |
| 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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