Gulf Cement
| Name | Gulf Cement | |
| Sector | Manufacturing - Cement and allied products | |
| Trading | ADX | |
| RIC Code | GCEM.AD | |
| Location | UAE |
Profile and Background
Gulf Cement was established in May 1977 as a joint stock company to facilitate the manufacture of cement and cement products. It presently commands a 15% market share in the UAE domestic cement sector, producing at a total capacity of 1.
6 million tons per annum. Most of the produced cement is consumed in the local market, while a marginal amount is sold to neighboring countries. In light of the recent surge of demand for cement products in the UAE and the GCC region, the company is currently undergoing an expansion of its clinker and cement production capacity.
The company supplies Ordinary Portland Cement, Sulphate Resisting Portland Cement, and Moderate Sulphate Resisting Cement - all produced in conformance with British and American standards. In addition, the Gulf Cement Company is equipped to grind and sell pulverized slag as Ground Granulated Blast Furnace Slag (GGBS) and Portland Blast Furnace Cement (PBFC).
In an effort to reduce costs of production, Gulf Cement owns and operates its own power station, comprised of an Industrial Gas Turbine generating 26 MW of power supply for its operations. Links to the public power grid are in place to meet any excess power requirements.
6 million tons per annum. Most of the produced cement is consumed in the local market, while a marginal amount is sold to neighboring countries. In light of the recent surge of demand for cement products in the UAE and the GCC region, the company is currently undergoing an expansion of its clinker and cement production capacity.
The company supplies Ordinary Portland Cement, Sulphate Resisting Portland Cement, and Moderate Sulphate Resisting Cement - all produced in conformance with British and American standards. In addition, the Gulf Cement Company is equipped to grind and sell pulverized slag as Ground Granulated Blast Furnace Slag (GGBS) and Portland Blast Furnace Cement (PBFC).
In an effort to reduce costs of production, Gulf Cement owns and operates its own power station, comprised of an Industrial Gas Turbine generating 26 MW of power supply for its operations. Links to the public power grid are in place to meet any excess power requirements.
Shareholding Groups
| Individuals | N/A |
| Institutions | N/A |
| Floating | N/A |
| Government | 20% |
Board Members (Listed in alphabetical order)
| Director | Aabdallah Ahmed Jaber |
| Director | Aabdel Wahab Ahmed Al Awda |
| Director | Ahmad Salem Al Hajiri |
| Chairman | H.E. Sheikh Omar Saqr Al Qassimi |
| Vice Chairman | Mohammed Ibrahim Maarafi |
| Director | Mohammed Ibrahim Mansour |
| Director | Salem Abdullah Salem |
| Director | Sheikh Mountaser Khaled Al Qassimi |
| Director | Yacoub Yousef Malulla |
Stock Performance
Market Information
| Stock | UAE Index | |
| Last Closing | AED 6.57 | 5063.31 |
| YTD % | 40.023% | -0.29% |
| Weekly % | -0.453% | -1.92% |
| Year High | AED 7 | 5418.77 |
| Year Low | AED 4.69 | 4472.14 |
| 52 Week High | AED 7 | 5418.77 |
| 52 Week Low | AED 4.44 | 3504.54 |
| BETA | 5.0536 | |
| Outstanding Shares | 928,196,405 | |
| Market Cap | AED 6,098,250,381 | |
| Market Cap in $ | USD $1,660,291,419 | |
| % of UAE Market | 0.72% | |
| % of Sector | 20.49% | |
| Rank by Cap | 30 |
Key Figures in '000 AED
| 2005 | 2004 | 2003 | |
| Total Assets | 1,544,822,147 | 767,138 | 473,416 |
| Shareholder's Equity | 1,317,258,994 | 585,615 | 374,318 |
| NIAT | 502,497,986 | 186,740 | 67,757 |
| Dividends | N/A | N/A | 24,059 |
Financial Ratios
| 2005 | 2004 | 2003 | |
| Assets Growth | 201,274.66% | 62.04% | 17.37% |
| Earning Growth | 268,989.62% | 175.60% | 530.73% |
| ROaA | 65.02% | 30.11% | 15.46% |
| ROaE | 76.26% | 38.91% | 18.59% |
| No. Of Shares | 357,276,499 | 264,649,258 | 240,590,235 |
| EPS | 1,406.47 | 0.71 | 0.28 |
| EPS Growth | 268,989.62% | 175.60% | 530.73% |
| Payout Ratio | N/A | N/A | 35.508 |
Valuation Ratios
| Trailing | |
| PE | 0.01 |
| PB | |
| DVPS | N/A |
| Div Yield | N/A |
| EV | 5,287,692.19 |
| EV/Equity | 0.00 |

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