Food Products
| Name | Food Products | |
| Sector | Manufacturing - Food & Beverage | |
| Trading | Tadawul | |
| RIC Code | 2100.SE | |
| Location | SAUDI ARABIA |
Profile and Background
Food Products Company was established in 1990 to process, market and distribute a wide range of food for the local catering and retail market. It aims wherever possible to use raw material produced by the Saudi farm sector.
The company now has six factories. They produce:- breakfast cereal The cereal plant was opened in Riyadh industrial estate in 1997. This produces corn flakes, frosted flakes, crispy rice, bran flakes and extruded corn snacks under the Wafra label- pasta and pasta products under the Wafra, Caprini and Nemah brands The company produced 6,000 tonnes of pasta in 1997 at its Riyadh plant, which was opened at the end of 1994.
The capacity of the plant is 12,000 tonnes a year. In 1997, the company started manufacturing pasta for the Binzagr group, and the company expects to increase the amount of product supplied under retailers' own brands- vegetables (including frozen chipped potatoes and peanuts) The Al-Yamama factory, opened in early 1994, is developing its product range under the Wafra brand- dates and date products Food Products Company's Al-Kharj plant makes date paste, vinegar, date syrup, jams, fancy dates and animal feeds- meat and pastry products, including burgers, frankfurters, kebabs and ground beef under the Macolate brand.
- grains This encompasses popular local products such as processed chickpeas. The company has secured an industrial license to start manufacturing baby food. The priority is to raise sales and thereby increase the capacity utilization of the company's manufacturing capacity.
This is encouraging emphasis on export markets and Food Products is now selling to Jordan, Lebanon, the UAE and East Africa. Food Products has invested in a distribution system and operates 100 vehicles from seven company-owned and four rented distribution centers.
The company now has six factories. They produce:- breakfast cereal The cereal plant was opened in Riyadh industrial estate in 1997. This produces corn flakes, frosted flakes, crispy rice, bran flakes and extruded corn snacks under the Wafra label- pasta and pasta products under the Wafra, Caprini and Nemah brands The company produced 6,000 tonnes of pasta in 1997 at its Riyadh plant, which was opened at the end of 1994.
The capacity of the plant is 12,000 tonnes a year. In 1997, the company started manufacturing pasta for the Binzagr group, and the company expects to increase the amount of product supplied under retailers' own brands- vegetables (including frozen chipped potatoes and peanuts) The Al-Yamama factory, opened in early 1994, is developing its product range under the Wafra brand- dates and date products Food Products Company's Al-Kharj plant makes date paste, vinegar, date syrup, jams, fancy dates and animal feeds- meat and pastry products, including burgers, frankfurters, kebabs and ground beef under the Macolate brand.
- grains This encompasses popular local products such as processed chickpeas. The company has secured an industrial license to start manufacturing baby food. The priority is to raise sales and thereby increase the capacity utilization of the company's manufacturing capacity.
This is encouraging emphasis on export markets and Food Products is now selling to Jordan, Lebanon, the UAE and East Africa. Food Products has invested in a distribution system and operates 100 vehicles from seven company-owned and four rented distribution centers.
Shareholding Groups
| Individuals | N/A |
| Institutions | 6% |
| Floating | N/A |
| Government | N/A |
Stock Performance
Market Information
| Stock | Saudi_Arabia Index | |
| Last Closing | SAR 35.5 | 3424.18 |
| YTD % |  -4.167% |  0% |
| Weekly % | -3.012% |  5.55% |
| Year High | SAR 66.55 | 9083.39 |
| Year Low | SAR 24.27 | 3296.01 |
| 52 Week High | SAR 210.77 | 4532.55 |
| 52 Week Low | SAR 29.27 | 2983.01 |
| BETA | 1.145 | |
| Outstanding Shares | 20,000,000 | |
| Market Cap | SAR 710,000,000 | |
| Market Cap in $ | USD $189,333,333 | |
| % of Saudi_Arabia Market | 0.06% | |
| % of Sector | 0.16% | |
| Rank by Cap | 75 |
Key Figures in '000 SAR
| 2004 | 2003 | 2002 | |
| Total Assets | 191,995 | 196,990 | 201,401 |
| Shareholder's Equity | 163,823 | 163,170 | 165,094 |
| NIAT | 653 | -1,924 | -3,448 |
| Dividends | N/A | N/A | N/A |
Financial Ratios
| 2004 | 2003 | 2002 | |
| Assets Growth | -2.54% | -2.19% | -4.03% |
| Earning Growth | 0.00% | 0.00% | 0.00% |
| ROaA | 0.34% | -0.97% | -1.68% |
| ROaE | 0.40% | -1.17% | -2.07% |
| No. Of Shares | 4,000,000 | 4,000,000 | 4,000,000 |
| EPS | 0.16 | -0.48 | -0.86 |
| EPS Growth | 0.00% | 0.00% | 0.00% |
| Payout Ratio | N/A | N/A | N/A |
Valuation Ratios
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