Saudi Hotels & Resort Areas Company (Sharaco) was founded in 1976 to develop leisure resorts in the kingdom. The company has deployed its resources in projects it has initiated and in investments in hotels and other related companies.

About 40 per cent of Sharaco's assets are invested in companies. Among its own projects, Sharaco has constructed Al-Mostaqbel Homes, a high-quality residential compound in Riyadh with about 200 homes.

It has built the 120-home Annakheel Village in Jeddah and the lagoon project at Half-Moon Bay near Al-Khobar. It completed work in 1997 on the Al-Sulayl complex, a smaller compound with 19 homes and a residential club.

Sharaco also operates nine existing facilities in different parts of the kingdom and a chain of restaurants.Sharaco recorded net profits of SR 44 million ($11.7 million) in 1997, a 2 per cent rise on the SR 43.

1 million ($11.5 million) recorded in 1996. Sales fell by 24 per cent to SR 157.3 million ($41.9 million) from SR 206.2 million ($55 million) but the cost of sales contracted by 30 per cent to SR 100.8 million ($26.

9 million). Sales rose by 5 per cent to SR 165.5 million ($44 million). Net income for the year fell by 6.7 per cent to SR 41.1 million ($11 million). The cash dividend was cut for the second consecutive year.

Individuals	N/A
Institutions	N/A
Floating	N/A
Government	N/A

	2005	2004	2003
Total Assets	1,496,223,129	1,402,701	1,392,024
Shareholder's Equity	798,861,554	750,726	742,049
NIAT	79,579,709	40,387	30,147
Dividends	N/A	N/A	27,500

	2005	2004	2003
Assets Growth	106,567.27%	0.77%	0.59%
Earning Growth	196,941.22%	33.97%	12.49%
ROaA	10.63%	2.89%	2.17%
ROaE	19.91%	5.41%	4.08%
No. Of Shares	10,000,000	10,000,000	10,000,000
EPS	7,957.97	4.04	3.01
EPS Growth	196,941.22%	33.97%	12.49%
Payout Ratio	N/A	N/A	91.22

	Trailing
PE
PB
DVPS
Div Yield
EV
EV/Equity

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