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Monday, November 30 - 2009

MashreqBank

Name MashreqBank
Sector Finance & Insurance - Commercial Banks
Trading DFM
RIC Code MASB.DU
Location UAE

Profile and Background

MashreqBank was incorporated in the UAE in 1967 under a decree issued by the ruler of Dubai. The banking group includes subsidiaries in the USA (Bank Oman Overseas), Hong Kong (Mashreq Asia limited) Osool Finance Company (UAE) and Oman Insurance Company limited (UAE).

Mashreq Bank activities are mainly focused on traditional commercial banking services. As a result of its latest bonus share distribution, during the year 1998, the consolidation paid up capital of the Bank stood at AED 596.

5 million split into 5,965,530 shares of value AED 100 each.

Shareholding Groups

Individuals 100%
Institutions N/A
Floating N/A
Government N/A

Board Members (Listed in alphabetical order)

Stock Performance

MashreqBank Stock Performance

Market Information

Stock UAE Index
Last Closing AED 250 5339.64
YTD % 66.67% 81.7%
Weekly % 0% -0.08%
Year High AED 270 5771.11
Year Low AED 150 2938.78
52 Week High AED 270 5771.11
52 Week Low AED 130 1639.31
BETA 0.6629
Outstanding Shares 78,745,018
Market Cap AED 19,686,254,500
Market Cap in $ USD $5,359,866,727
% of UAE Market 3.34%
% of Sector 6.26%
Rank by Cap 9

Key Figures in '000 AED

2003 2002 2001
Total Assets 26,236,595 23,683,180 22,700,020
Shareholder's Equity 3,738,990 3,164,961 2,815,367
NIAT 600,684 504,898 405,742
Dividends 178,966 214,759 214,759

Financial Ratios

2003 2002 2001
Assets Growth 10.78% 4.33% 2.78%
Earning Growth 18.97% 24.44% 15.76%
ROaA 2.41% 2.18% 1.81%
ROaE 17.40% 16.89% 15.11%
No. Of Shares 71,586,360 7,158,636 7,158,636
EPS 8.39 70.53 56.68
EPS Growth 18.97% 24.44% 15.76%
Payout Ratio 29.794 42.535 52.93

Valuation Ratios

Trailing
PE 32.77
PB 5.27
DVPS 2.27
Div Yield 0.91%
EV 8,375,604.12
EV/Equity 2.24
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