National Industrialization
| Name | National Industrialization | |
| Sector | Manufacturing - Other manufacturers | |
| Trading | Tadawul | |
| RIC Code | 2060.SE | |
| Location | SAUDI ARABIA |
Profile and Background
National Industrialization Company (NIC) was founded in 1985 to promote industrial development in Saudi Arabia. By the start of the 1990s, the company had acquired a portfolio of investments, most of them taking the form of minority stakes in manufacturing firms across the kingdom.
In 1995, the shareholding structure of the company was radically changed and a new board of directors was elected in 1996. It now includes leading figures from Saudi industry. A new chief executive, Moayyed al-Qurtas, was appointed.
He was previously a senior executive with Saudi Basic Industries Corporation (Sabic).Later this year, work is due to start on a world scale polypropylene/propane dehydrogenation (PDH) plant in Jubail industrial city, a signal that a new era has started for the firm.
Plans call for the plant to start operating in the second half of 2002.The start of construction will the first phase of a new strategy for NIC, acquired by a group of Saudi Arabian investors led by Prince Alwaleed Bin Talal in 1995.
In its first 10 years, the company acquired stakes in a wide range of businesses. By the mid-1990s, it had shares in almost 50 Saudi companies, encompassing every sector from farming to hazardous waste disposal, with unsatisfactory results for investors.
This will change substantially with the polypropylene project which NIC conceived and developed. Capacity is 450,000 tonnes a year (t/y) of a product that now sells at $700 a tonne. NIC commissioned petrochemicals consultant Chem Systems to prove the planned plant's viability.
Badger was appointed managing contractor to oversee lump sum turnkey bids submitted in August and September. Petrochemicals are NIC's future, but it is also committed to maximizing the potential of existing investments.
In 1995, the shareholding structure of the company was radically changed and a new board of directors was elected in 1996. It now includes leading figures from Saudi industry. A new chief executive, Moayyed al-Qurtas, was appointed.
He was previously a senior executive with Saudi Basic Industries Corporation (Sabic).Later this year, work is due to start on a world scale polypropylene/propane dehydrogenation (PDH) plant in Jubail industrial city, a signal that a new era has started for the firm.
Plans call for the plant to start operating in the second half of 2002.The start of construction will the first phase of a new strategy for NIC, acquired by a group of Saudi Arabian investors led by Prince Alwaleed Bin Talal in 1995.
In its first 10 years, the company acquired stakes in a wide range of businesses. By the mid-1990s, it had shares in almost 50 Saudi companies, encompassing every sector from farming to hazardous waste disposal, with unsatisfactory results for investors.
This will change substantially with the polypropylene project which NIC conceived and developed. Capacity is 450,000 tonnes a year (t/y) of a product that now sells at $700 a tonne. NIC commissioned petrochemicals consultant Chem Systems to prove the planned plant's viability.
Badger was appointed managing contractor to oversee lump sum turnkey bids submitted in August and September. Petrochemicals are NIC's future, but it is also committed to maximizing the potential of existing investments.
Shareholding Groups
| Individuals | N/A |
| Institutions | N/A |
| Floating | N/A |
| Government | N/A |
Board Members (Listed in alphabetical order)
| Director | Fahad Al Mubarak |
| Director | Ihsan Bin Ali Bu Halaiga |
| Director | Khalid Al Thukair |
| Director | Maher al Ojan |
| Chairman | Mubarak Al Khafra |
| Director | Sulaiman Al Quwais |
| Director | Tariq Al Gassabi |
Stock Performance
Market Information
| Stock | Saudi_Arabia Index | |
| Last Closing | SAR 50.25 | 3424.18 |
| YTD % |  -11.858% |  0% |
| Weekly % |  16.767% | 5.55% |
| Year High | SAR 85.73 | 9083.39 |
| Year Low | SAR 43.75 | 3296.01 |
| 52 Week High | SAR 194.62 | 4532.55 |
| 52 Week Low | SAR 48 | 2983.01 |
| BETA | 5.5478 | |
| Outstanding Shares | 157,000,000 | |
| Market Cap | SAR 7,889,250,000 | |
| Market Cap in $ | USD $2,103,800,000 | |
| % of Saudi_Arabia Market | 0.64% | |
| % of Sector | 1.82% | |
| Rank by Cap | 23 |
Key Figures in '000 SAR
| 2005 | 2004 | 2003 | |
| Total Assets | 5,268,636 | 3,884,656 | 2,226,784 |
| Shareholder's Equity | 1,697,216 | 978,651 | 725,961 |
| NIAT | 317,215 | 136,008 | 54,252 |
| Dividends | N/A | 94,200 | 60,000 |
Financial Ratios
| 2005 | 2004 | 2003 | |
| Assets Growth | 35.63% | 74.45% | 47.22% |
| Earning Growth | 133.23% | 150.70% | 26.15% |
| ROaA | 6.93% | 4.45% | 2.90% |
| ROaE | 23.71% | 15.96% | 14.95% |
| No. Of Shares | 19,625,000 | 15,700,000 | 12,000,000 |
| EPS | 16.16 | 8.66 | 4.52 |
| EPS Growth | 133.23% | 150.70% | 26.15% |
| Payout Ratio | N/A | 69.261 | 110.595 |
Valuation Ratios
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| PE | |
| PB | |
| DVPS | |
| Div Yield | |
| EV | |
| EV/Equity |
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