Saudi Cement
| Name | Saudi Cement | |
| Sector | Manufacturing - Cement and allied products | |
| Trading | Tadawul | |
| RIC Code | 3030.SE | |
| Location | SAUDI ARABIA |
Profile and Background
Saudi Cement Company (SCC) was founded in 1955. In the early 1990s, it took over the Saudi-Bahraini Cement Company based in Ain Dar in the Eastern Province, which then had a capacity of 2 million tonnes a year (t/y) of cement.
In 1996, SCC completed an expansion of its Hofuf plant which has lifted its total potential output to 4.3 million t/y of cement. This makes it the largest cement company in Saudi Arabia. Both of its plants at Hofuf and Ain Dar have ISO 9001 certification.
In 1998, SCC produced 3.6 million tonnes of cement, compared to 3.4 million tonnes in 1997. Due to rising competition in the Saudi cement market, the company recorded a 30 per cent fall in pre-zakat profits to SR 270.
1 million ($72 million) in 1998. In light of declining total demand, the company is seriously exploring export markets and succeeded in increasing its exports to 2.23 million tonnes in 1998, compared to 1.
8 million tonnes in 1997. To further increase its exports at competitive rates, the company has planned to commission a cement loading terminal at Dammam port by the end of 1999.A shareholders' meeting on 26 November 1997 approved a plan for the company to cut its paid-in capital to SR 1,020 million ($272 million) from SR 1,591 million ($424.
3 million). The company repaid SR 285 million ($76.1 million), or SR 14 ($3.73) per share, to its shareholders in April 1998. The remaining SR 14 per share will be refunded in the next two-three years.
SCC says it has excess liquidity on its books which is limiting the return on shareholders' equity. The shareholders also elected a new board of directors for a three-year term starting January 1998.
In 1996, SCC completed an expansion of its Hofuf plant which has lifted its total potential output to 4.3 million t/y of cement. This makes it the largest cement company in Saudi Arabia. Both of its plants at Hofuf and Ain Dar have ISO 9001 certification.
In 1998, SCC produced 3.6 million tonnes of cement, compared to 3.4 million tonnes in 1997. Due to rising competition in the Saudi cement market, the company recorded a 30 per cent fall in pre-zakat profits to SR 270.
1 million ($72 million) in 1998. In light of declining total demand, the company is seriously exploring export markets and succeeded in increasing its exports to 2.23 million tonnes in 1998, compared to 1.
8 million tonnes in 1997. To further increase its exports at competitive rates, the company has planned to commission a cement loading terminal at Dammam port by the end of 1999.A shareholders' meeting on 26 November 1997 approved a plan for the company to cut its paid-in capital to SR 1,020 million ($272 million) from SR 1,591 million ($424.
3 million). The company repaid SR 285 million ($76.1 million), or SR 14 ($3.73) per share, to its shareholders in April 1998. The remaining SR 14 per share will be refunded in the next two-three years.
SCC says it has excess liquidity on its books which is limiting the return on shareholders' equity. The shareholders also elected a new board of directors for a three-year term starting January 1998.
Shareholding Groups
| Individuals | N/A |
| Institutions | N/A |
| Floating | N/A |
| Government | N/A |
Board Members (Listed in alphabetical order)
| Director | Nooruddin Abdullah Nooruddin |
| Chairman | Sheikh Abdul Aziz Al Goaibi |
| Director | Sheikh Abdul Karim Al Khereiji |
| Director | Sheikh Abdul Rahman Al Abdul Karim |
| Director | Sheikh Hatem Ali Jaffali |
| Vice Chairman | Sheikh Khaled Suleiman Al Olayan |
| Director | Sheikh Mohamed Abdullah Al Faraj |
| Director | Sheikh Mohamed Abdullah Al Zamil |
| Director | Sheikh Mohamed Suleiman Balghunaim |
| Director | Sheikh Omar Suleiman Al Rajhi |
| Vice Chairman | Sheikh Walid Ahmed Juffali |
Stock Performance
Market Information
| Stock | Saudi_Arabia Index | |
| Last Closing | SAR 98.5 | 3424.18 |
| YTD % |  6.841% |  0% |
| Weekly % | 2.955% | 5.55% |
| Year High | SAR 114.29 | 9083.39 |
| Year Low | SAR 78.03 | 3296.01 |
| 52 Week High | SAR 173.46 | 4532.55 |
| 52 Week Low | SAR 85.53 | 2983.01 |
| BETA | 0.5141 | |
| Outstanding Shares | 102,000,000 | |
| Market Cap | SAR 10,047,000,000 | |
| Market Cap in $ | USD $2,679,200,000 | |
| % of Saudi_Arabia Market | 0.82% | |
| % of Sector | 2.31% | |
| Rank by Cap | 21 |
Key Figures in '000 SAR
| 2005 | 2003 | 2002 | |
| Total Assets | 2,210,530 | 2,187,001 | 2,142,498 |
| Shareholder's Equity | 1,969,626 | 1,949,832 | 1,794,294 |
| NIAT | 484,292 | 402,538 | 343,518 |
| Dividends | N/A | 346,800 | 346,800 |
Financial Ratios
| 2005 | 2003 | 2002 | |
| Assets Growth | 1.08% | 2.08% | 1.14% |
| Earning Growth | 20.31% | 17.18% | 51.25% |
| ROaA | 22.03% | 18.60% | 16.13% |
| ROaE | 49.18% | 21.50% | 19.45% |
| No. Of Shares | 20,400,000 | 20,400,000 | 20,400,000 |
| EPS | 23.74 | 19.73 | 16.84 |
| EPS Growth | 20.31% | 17.18% | 51.25% |
| Payout Ratio | N/A | 86.153 | 100.955 |
Valuation Ratios
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| PE | |
| PB | |
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| Div Yield | |
| EV | |
| EV/Equity |
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