Asir Company for Trading, Tourism, Industry, Agriculture, Real Estate & Contracting was established in 1976 to develop projects in Asir province, the diverse and distant region of southwest Saudi Arabia.

The company is 100 per cent owned by private investors, but benefits from official assistance and is seen as an agent to economic progress in one of the most populous regions of the kingdom. It is based in Abha, the provincial capital of Asir.

Asir has initiated projects and invested in other companies. Investments include International Company for Meals (30 per cent), Al-Maghrabi Medical Company (40 per cent), Middle East Optics (40 per cent), Halwani Brothers Company (19.

14 per cent), Khalid Electronics (49 per cent) and Al-Misfaq (22.22 per cent). In 1997, Asir acquired 600,000 shares in Bank al-Jazira.Asir recorded net profits of SR 19.8 million ($5.3 million) in the financial year to 31 March 1997, more than six times earnings recorded in the previous year, and declared a 6 per cent cash dividend - the only dividend awarded in recent years.

Earnings in the financial year to 31 March 1998 fell by 64 per cent to SR 6.6 million ($1.8 million). Although the growth in sales, which nearly tripled to SR 171 million ($45.6 million), outstripped the growth in the cost of sales, which grew to SR 146.

5 million ($39.1 million) from SR 63.7 million ($17 million), other income fell to SR 11.2 million ($3 million) from SR 31.5 million ($8.4 million) in the previous financial year.

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

	2004	2003	2002
Total Assets	476,543	390,609	386,695
Shareholder's Equity	414,724	329,227	323,807
NIAT	26,947	15,294	22,606
Dividends	N/A	35,000	12,500

	2004	2003	2002
Assets Growth	22.00%	1.01%	5.39%
Earning Growth	76.19%	-32.34%	0.00%
ROaA	6.22%	3.94%	6.00%
ROaE	7.24%	9.29%	13.96%
No. Of Shares	5,000,000	5,000,000	5,000,000
EPS	5.39	3.06	4.52
EPS Growth	76.19%	-32.34%	0.00%
Payout Ratio	N/A	228.842	55.296

	Trailing
PE
PB
DVPS
Div Yield
EV
EV/Equity

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