Hail Agriculture
| Name | Hail Agriculture | |
| Sector | Agriculture Forestry and Fisheries - Crops | |
| Trading | Tadawul | |
| RIC Code | 6030.SE | |
| Location | SAUDI ARABIA |
Profile and Background
Hail Agricultural Development Company (Hadco) was established in 1982 to develop farming activities in Hail province in the northeast of Saudi Arabia. The company is 100 per cent privately owned.Hadco was one of the first new joint stock farming companies set up in the 1980s amid enthusiasm for investing in modern farming techniques.
The company quickly developed as one of Saudi Arabia's leading wheat producers. In 1988, Hadco reported a return on sales profit margin of 45 per cent, most of this due to wheat sales. Following the slow-down in government payments and the phased withdrawal of the wheat price support program, Hadco has started to move into new areas of development.
It has invested in fruit cultivation and plans to expand output considerably. It has also established chilling units to support the fruit project. Other projects in prospect include cattle-farming, dairy goods production and the establishment of a juice factory.
The company reported a 7.4 per cent rise in sales revenue in 1998 to SR 147.4 million ($39 million). However, higher costs pushed the company into a loss. A deficit of SR 31 million ($8.3 million) was recorded in the year.
The company quickly developed as one of Saudi Arabia's leading wheat producers. In 1988, Hadco reported a return on sales profit margin of 45 per cent, most of this due to wheat sales. Following the slow-down in government payments and the phased withdrawal of the wheat price support program, Hadco has started to move into new areas of development.
It has invested in fruit cultivation and plans to expand output considerably. It has also established chilling units to support the fruit project. Other projects in prospect include cattle-farming, dairy goods production and the establishment of a juice factory.
The company reported a 7.4 per cent rise in sales revenue in 1998 to SR 147.4 million ($39 million). However, higher costs pushed the company into a loss. A deficit of SR 31 million ($8.3 million) was recorded in the year.
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 27.75 | 3424.18 |
| YTD % |  -5.268% |  0% |
| Weekly % | -3.356% |  5.55% |
| Year High | SAR 60.05 | 9083.39 |
| Year Low | SAR 25.52 | 3296.01 |
| 52 Week High | SAR 126.71 | 4532.55 |
| 52 Week Low | SAR 24.77 | 2983.01 |
| BETA | 2.574 | |
| Outstanding Shares | 30,000,000 | |
| Market Cap | SAR 832,500,000 | |
| Market Cap in $ | USD $222,000,000 | |
| % of Saudi_Arabia Market | 0.07% | |
| % of Sector | 7.76% | |
| Rank by Cap | 72 |
Key Figures in '000 SAR
| 2004 | 2003 | 2002 | |
| Total Assets | 444,526 | 433,013 | 450,644 |
| Shareholder's Equity | 369,172 | 366,359 | 371,154 |
| NIAT | 3,892 | -1,812 | -5,179 |
| Dividends | N/A | N/A | N/A |
Financial Ratios
| 2004 | 2003 | 2002 | |
| Assets Growth | 2.66% | -3.91% | -0.51% |
| Earning Growth | 0.00% | 0.00% | 0.00% |
| ROaA | 0.89% | -0.41% | -1.15% |
| ROaE | 1.06% | -0.49% | -1.39% |
| No. Of Shares | 6,000,000 | 6,000,000 | 6,000,000 |
| EPS | 0.65 | -0.30 | -0.86 |
| 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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