Saudi Ceramic Company was established as a joint stock entity in 1977. It manufactures a range of ceramic products for local and export markets in an industrial complex in Riyadh. Government agencies hold a 21 per cent stake in the firm.

Features of 1997 included preparations for an increase in paid-up capital to SR 200 million ($53 million) from SR 150 million ($40 million) through a one-for-three bonus share issue. The capital increase programme was completed in July 1998 with Saudi Ceramic completing a rights issue in which 1 million new shares were sold at their nominal value of SR 50 ($13.

33). Paid-in capital currently stands at SR 250 million ($66.7 million). The company was hard hit by the fall in oil prices and the Saudi recession of 1998. Sales rose in the year, but prices were depressed and the company reported a loss of SR 22.

5 million ($6 million) in the year. No dividend was paid for the third consecutive year. The loss was carried over on the balance sheet. The company has been investing heavily in new projects in recent years.

An electric water-heater plant came on stream in January. A new tile factory began commercial production in early 1998.

Individuals	N/A
Institutions	N/A
Floating	N/A
Government	21%

	2004	2003	2002
Total Assets	626,015	541,898	562,711
Shareholder's Equity	472,071	396,475	367,716
NIAT	106,996	43,842	15,284
Dividends	N/A	30,000	15,000

	2004	2003	2002
Assets Growth	15.52%	-3.70%	-5.15%
Earning Growth	144.05%	186.85%	0.00%
ROaA	18.32%	7.94%	2.64%
ROaE	24.64%	11.47%	4.25%
No. Of Shares	5,000,000	5,000,000	5,000,000
EPS	21.40	8.77	3.06
EPS Growth	144.05%	186.85%	0.00%
Payout Ratio	N/A	68.428	98.142

	Trailing
PE
PB
DVPS
Div Yield
EV
EV/Equity

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