Gulf Cement


NameGulf Cement
SectorManufacturing - Cement and allied products
TradingADX
RIC CodeGCEM.AD
LocationUAE


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.



Shareholding Groups

IndividualsN/A
InstitutionsN/A
FloatingN/A
Government 20%

Board Members (Listed in alphabetical order)

DirectorAabdallah Ahmed Jaber
DirectorAabdel Wahab Ahmed Al Awda
DirectorAhmad Salem Al Hajiri
ChairmanH.E. Sheikh Omar Saqr Al Qassimi
Vice ChairmanMohammed Ibrahim Maarafi
DirectorMohammed Ibrahim Mansour
DirectorSalem Abdullah Salem
DirectorSheikh Mountaser Khaled Al Qassimi
DirectorYacoub Yousef Malulla

Stock Performance

Gulf Cement Stock Performance



Market Information

StockUAE Index
Last ClosingAED 6.575063.31
YTD % 40.023% -0.29%
Weekly % -0.453% -1.92%
Year HighAED 75418.77
Year LowAED 4.694472.14
52 Week HighAED 75418.77
52 Week LowAED 4.443504.54
BETA5.0536
Outstanding Shares928,196,405
Market CapAED 6,098,250,381
Market Cap in $USD $1,660,291,419
% of UAE Market0.72%
% of Sector20.49%
Rank by Cap30

Key Figures in '000 AED

200520042003
Total Assets1,544,822,147767,138473,416
Shareholder's Equity1,317,258,994585,615374,318
NIAT502,497,986186,74067,757
DividendsN/AN/A24,059

Financial Ratios

200520042003
Assets Growth201,274.66%62.04%17.37%
Earning Growth268,989.62%175.60%530.73%
ROaA65.02%30.11%15.46%
ROaE76.26%38.91%18.59%
No. Of Shares357,276,499264,649,258240,590,235
EPS1,406.470.710.28
EPS Growth268,989.62%175.60%530.73%
Payout RatioN/AN/A35.508

Valuation Ratios

Trailing
PE0.01
PB
DVPSN/A
Div YieldN/A
EV5,287,692.19
EV/Equity0.00




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