Alujain
| Name | Alujain | |
| Sector | Manufacturing - Other manufacturers | |
| Trading | Tadawul | |
| RIC Code | 2170.SE | |
| Location | SAUDI ARABIA |
Profile and Background
Alujain Corporation, the Jeddah-based industrial investment firm, was established in 1991 as a closed joint stock company. Initial objectives included promoting the establishment of an aluminum smelter.
The company went public in August 1997, but retains a close connection with the Xenel Group, the Jeddah company that developed Alujain. Alujain was working in early 1998 on the Tahseen venture, a $415 million methyl tertiary butyl ether (MTBE) unit that will have capacity of 900,000 tonnes a year.
Plans call for Alujain to take a 25-30 per cent stake in the new limited liability company.Alujain is also to take a 42 per cent stake in the National Petrochemical Industries Company (NatPet). Other planned 'core projects', which include the Aluminum Smelter (Alusa) project, the Copper Smelter & Refinery (CUSA) project in Yanbu and the Jebel Sayed Mining project, have been delayed.
The company has also invested in medium and small-scale industrial projects, including a 25 per cent stake in Arab Pesticide Industries Company (Mobeed) and a 1.3 per cent stake in Arabian Industrial Fibers Company (Ibn Rushd).
The scale of its investment activities is reflected in its balance sheet which showed investments were worth SR 121 million ($32 million) at the end of 1998.The company reported a loss of SR 41.4 million ($11 million) reflecting the cost of investing in projects.
No dividend is expected until its projects start operating.
The company went public in August 1997, but retains a close connection with the Xenel Group, the Jeddah company that developed Alujain. Alujain was working in early 1998 on the Tahseen venture, a $415 million methyl tertiary butyl ether (MTBE) unit that will have capacity of 900,000 tonnes a year.
Plans call for Alujain to take a 25-30 per cent stake in the new limited liability company.Alujain is also to take a 42 per cent stake in the National Petrochemical Industries Company (NatPet). Other planned 'core projects', which include the Aluminum Smelter (Alusa) project, the Copper Smelter & Refinery (CUSA) project in Yanbu and the Jebel Sayed Mining project, have been delayed.
The company has also invested in medium and small-scale industrial projects, including a 25 per cent stake in Arab Pesticide Industries Company (Mobeed) and a 1.3 per cent stake in Arabian Industrial Fibers Company (Ibn Rushd).
The scale of its investment activities is reflected in its balance sheet which showed investments were worth SR 121 million ($32 million) at the end of 1998.The company reported a loss of SR 41.4 million ($11 million) reflecting the cost of investing in projects.
No dividend is expected until its projects start operating.
Shareholding Groups
| Individuals | N/A |
| Institutions | 18% |
| Floating | N/A |
| Government | N/A |
Board Members (Listed in alphabetical order)
| Director | Abdallah Sadiq Dahlan |
| Director | Abdulaziz Mohammed Yamani |
| Director | Abdullah Ali Kanoo |
| Director | Adnan Kamel Salah |
| Chairman | Khalid A. Y. Zainal Alireza |
| Director | Mansour M. Abdul Ghaffar |
| Director | Mohamed A. Abdullatif |
| Director | Mohamed Ali Al Naqi |
| Director | Omar Hashim Khalifati |
Stock Performance
Market Information
| Stock | Saudi_Arabia Index | |
| Last Closing | SAR 21.5 | 3424.18 |
| YTD % |  3.51% |  0% |
| Weekly % | 7.273% | 5.55% |
| Year High | SAR 44.23 | 9083.39 |
| Year Low | SAR 17.49 | 3296.01 |
| 52 Week High | SAR 121.94 | 4532.55 |
| 52 Week Low | SAR 18.74 | 2983.01 |
| BETA | 4.5793 | |
| Outstanding Shares | 69,200,000 | |
| Market Cap | SAR 1,487,800,000 | |
| Market Cap in $ | USD $396,746,667 | |
| % of Saudi_Arabia Market | 0.12% | |
| % of Sector | 0.34% | |
| Rank by Cap | 60 |
Key Figures in '000 SAR
| 2004 | 2003 | 2002 | |
| Total Assets | 702,856 | 135,782 | 143,563 |
| Shareholder's Equity | 692,294 | 129,278 | 137,886 |
| NIAT | -48,940 | -11,246 | -1,660 |
| Dividends | N/A | N/A | N/A |
Financial Ratios
| 2004 | 2003 | 2002 | |
| Assets Growth | 417.63% | -5.42% | 6.43% |
| Earning Growth | 0.00% | 0.00% | 0.00% |
| ROaA | -11.67% | -8.05% | -1.19% |
| ROaE | -11.91% | -8.42% | -1.24% |
| No. Of Shares | 13,840,000 | 3,460,000 | 3,460,000 |
| EPS | -3.54 | -3.25 | -0.48 |
| 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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