Kuwait Corporate Fact Sheet

Al-Mazaya Holding Co. Fact Sheet
Real Estate Sector
Reuters Code: MAZA.KW Current Price (KD) : 0.910
Key Facts
KD '000 2003 2004 2005 2006 2007
Cash & Equivalent 118 4,981 3,230 16,097 27,501
A/R & Other Debit Balances 7 368 7,004 23,568 43,268
Investments 0 7,776 22,836 21,816 35,916
Investments in Real Estate 0 22,424 17,914 103,493 156,846
Fixed Assets -
60
110
1,194
3,536
Total Assets 125 35,609 51,094 166,167 267,067
Loans, Wakala & Murabaha Receivables -
4,548
6,830
10,830
64,793
A/P & Accruals 15
4,555
6,886
30,286
47,837
Other Liabilities -
4,910
5,965
33,422
38,699
Total Liabilities 15
14,014
19,681
74,537 151,330
Minority interest -
-
-
3,828
6,498
Equity 110 21,595 31,413 87,802 109,239
Operating Revenues -
6,914
10,148
25,170
36,200
Operating Expenses (1) (660) (1,279) (2,858) (4,820)
Operating Profit (1) 6,254 8,869 22,312 31,380
Investment Income 0 437 6,004 3,288 3,519
Other Non-Operating Income 7 103 185 133 674
KFAS & Other Expenses (0) (209) (1,049) (2,302) (3,971)
Net Profit 7 6,585 14,008 23,431 31,602
Key Ratios
2003 2004 2005 2006 2007
Return On Assets 5.2% 18.5% 27.4% 14.1% 11.8%
Return On Equity 5.9% 30.5% 44.6% 26.7% 28.9%
Operating Profit Margin NM 90.5% 87.4% 88.6% 86.7%
Investment in Real Estate/Total Assets 0.0% 63.0% 35.1% 62.3% 58.7%
Equity/Total Assets 88.2% 60.6% 61.5% 52.8% 40.9%
Historical Share Data* YTD
2004 2005 2006 2007 22-Jun-08
Market Capitalization (KD thousand) N/A 118,170 194,488 208,489 413,148
Closing Share Price (KD) N/A 0.780 0.680 0.660 0.910
Highest Price for the Period (KD) N/A 0.860 0.900 0.690 1.000
Lowest Price for the Period (KD) N/A 0.360 0.490 0.495 0.640
Volume (Shares thousand) N/A 177,760 273,890 235,445 479,720
Value (KD thousand) N/A 101,578 175,056 138,413 407,370
No. of Trades N/A 8,420 14,556 9,070 11,306
EPS (KD) 0.044 0.071 0.091 0.104 0.104
Book Value Per Share (KD) 0.144 0.212 0.322 0.352 0.352
Dividend Per Share (KD) 0.020 0.025 0.050 0.050 NA
Price to Earnings Multiple (X) #
20.73 12.90 9.97 8.75 8.75
Price to Book Value Multiple (X) #
6.32 4.29 2.82 2.59 2.59
Dividend Yield (%) #
2.2 2.75 5.49 5.49 5.49
KD
0.950
0.900
0.850
0.800
0.750
0.700
0.650
0.600
0.550
0.500
52-Week Price Chart Rel. to KAMCO TRW Index
MAZAYA KAMCO TRW Index
24.6.07
8.7.07
22.7.07
5.8.07
19.8.07
2.9.07
16.9.07
30.9.07
14.10.07
28.10.07
11.11.07
25.11.07
9.12.07
23.12.07
6.1.08
20.1.08
3.2.08
270,268,000
17.2.08
2.3.08
16.3.08
30.3.08
13.4.08
27.4.08
KAMCO Research
270,268,000
11.5.08
Index
25.5.08
8.6.08
22.6.08
4,800
4,700
4,600
4,500
4,400
4,300
4,200
4,100
4,000
June 22, 2008
NA: Not Applicable, NM: Not Meaningful
N/A: Not Available. YTD: Beginning of year to date
#
:Historical P/E, P/B & Yield are based on
current price & historical earning per share,
book value per share & dividend per share
*: The Company was listed on the KSE on 2-May-05
Investment Research Department
KIPCO Asset Management Co.K.S.C.C
KAMCO
P.O.Box: 28873 Safat 13149 Kuwait
Email : kamco_research@kamconline.com