Gazadco
| Name | Gazadco | |
| Sector | Agriculture Forestry and Fisheries - Crops | |
| Trading | Tadawul | |
| RIC Code | 6090.SE | |
| Location | SAUDI ARABIA |
Profile and Background
Gizan Agricultural Development Company (Gazadco) was founded in 1993 to develop farming activities around Jizan in the far southwest of the kingdom. It is wholly owned by private investors. Projects completed so far include a fish and shrimp processing unit using catches from the Red Sea.
The company has announced plans to investigate the possibility of shrimp farming. It is also considering sheep breeding, chicken processing and fodder manufacture. Gazadco has reported profits for each of the four years it has been in operation.
It paid its first dividend, of 5 per cent, in 1996. This was not to be repeated in 1997 following a 95 per cent drop in profits to SR 220,000 ($59,000) from SR 4.5 million ($1.2 million). The Saudi recession of 1998 dealt the company a heavy blow.
Sales revenues fell by more than half to SR 9.2 million ($2.5 million). A loss of SR 3.7 million ($1 million) was recorded in the year and no dividend was paid.
The company has announced plans to investigate the possibility of shrimp farming. It is also considering sheep breeding, chicken processing and fodder manufacture. Gazadco has reported profits for each of the four years it has been in operation.
It paid its first dividend, of 5 per cent, in 1996. This was not to be repeated in 1997 following a 95 per cent drop in profits to SR 220,000 ($59,000) from SR 4.5 million ($1.2 million). The Saudi recession of 1998 dealt the company a heavy blow.
Sales revenues fell by more than half to SR 9.2 million ($2.5 million). A loss of SR 3.7 million ($1 million) was recorded in the year and no dividend was paid.
Shareholding Groups
| Individuals | N/A |
| Institutions | 0% |
| Floating | N/A |
| Government | N/A |
Stock Performance
Market Information
| Stock | Saudi_Arabia Index | |
| Last Closing | SAR 24.25 | 3424.18 |
| YTD % |  -0.916% |  0% |
| Weekly % | -0.001% |  5.55% |
| Year High | SAR 38.5 | 9083.39 |
| Year Low | SAR 18.75 | 3296.01 |
| 52 Week High | SAR 146.19 | 4532.55 |
| 52 Week Low | SAR 22.5 | 2983.01 |
| BETA | 3.9247 | |
| Outstanding Shares | 50,000,000 | |
| Market Cap | SAR 1,212,500,000 | |
| Market Cap in $ | USD $323,333,333 | |
| % of Saudi_Arabia Market | 0.10% | |
| % of Sector | 11.30% | |
| Rank by Cap | 65 |
Key Figures in '000 SAR
| 2004 | 2003 | 2002 | |
| Total Assets | 316,204 | 263,272 | 289,388 |
| Shareholder's Equity | 268,287 | 220,077 | 218,762 |
| NIAT | 29,339 | -779 | -11,621 |
| Dividends | N/A | N/A | N/A |
Financial Ratios
| 2004 | 2003 | 2002 | |
| Assets Growth | 20.11% | -9.02% | 8.64% |
| Earning Growth | 0.00% | 0.00% | 0.00% |
| ROaA | 10.13% | -0.28% | -4.18% |
| ROaE | 12.02% | -0.36% | -4.91% |
| No. Of Shares | 5,000,000 | 5,000,000 | 5,000,000 |
| EPS | 5.87 | -0.16 | -2.32 |
| 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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