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Last 3.25 AED
Change Today 0.00 / 0.00%
Volume 0.0
As of 6:00 AM 07/5/15 All times are local (Market data is delayed by at least 15 minutes).

ras al khaimah ceramics (RAKCEC) Snapshot

Previous Close
Day High
Day Low
52 Week High
08/25/14 - 3.88
52 Week Low
12/16/14 - 2.58
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield

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ras al khaimah ceramics (RAKCEC) Details

Ras Al Khaimah Ceramics PSC manufactures and sells various ceramic products worldwide. Its products include ceramic wall and floor tiles, bathroom sets, and sanitary wares. The company also manufactures pharmaceuticals; paints and allied products; glue/adhesives for fixing tiles; chemicals used in ceramic industries; pipes; and water tap faucets, as well as manufactures and trades in switchgears. In addition, it trades in ceramic tiles and sanitary ware; and electrical goods, as well as provides utility services; freight forwarding and logistics services; and typing, photocopying, and translation services. Further, the company is involved in construction activities; power generation activities; mechanical, electrical, and plumbing contracting activities; the manufacture, processing, import, and export of industrial minerals; electrical, plumbing, ducting, and air-conditioning works; fabrication contract works; and piling and foundation works. Additionally, it engages in waste-water treatment works; aluminum and glass works; gypsum works; food and beverages, and hotel activities; lease of investment property; and the extraction, distribution, and export of clay and other minerals, as well as operates as an airline ticket booking agent. Ras Al Khaimah Ceramics PSC was incorporated in 1989 and is headquartered in Ras Al Khaimah, the United Arab Emirates.

Founded in 1989

ras al khaimah ceramics (RAKCEC) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: 1.4M
Chief Financial Officer
Total Annual Compensation: 908.0K
Total Annual Compensation: 1.3M
Compensation as of Fiscal Year 2014.

ras al khaimah ceramics (RAKCEC) Key Developments

Ras Al Khaimah Ceramics PSC Announces Key Appointments

RAK Ceramics announced it has further expanded its management team with three new senior appointments. George Rabahie has been appointed as the chief legal counsel and company secretary; Rene Maan the regional vice president; and Philippe Habeichi as the new head of investor relations, said a statement from the company. Rabahie will be working closely with the leadership team to manage all the legal and regulatory aspects of the business globally. He joins RAK Ceramics as a qualified lawyer, bringing 16 years of legal experience in the region, including nine years in the UAE as Middle East regional counsel for a Fortune 100 oil and gas services company and legal director for an industry leader in food distribution and manufacturing. Based in Europe, Maan will be working alongside the leadership team to accelerate the strategic growth initiatives for the European business in cooperation with the current structure of joint venture partners. He joins the company with more than 20 years of international sales and marketing experience, successfully completing posts in the Netherlands, New Zealand, US, Germany, and Singapore. Prior to RAK Ceramics, he served as managing director at Hydrostyle and Interior Affairs in Singapore. Habeichi will be responsible for creating and communicating the company's strategy and equity story with the investment community, and will be reporting directly to the chief executive officer. He joins RAK Ceramics with 15 years of equity research and analysis experience between Canada and the UAE. Prior to RAK Ceramics, he was the senior vice president of Institutional Equity Sales at Shuaa Capital.

Ras Al Khaimah Ceramics PSC Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Ras Al Khaimah Ceramics PSC announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported profit attributable to owners of the company of AED 57.9 million or AED 0.07 per basic and diluted share compared to AED 58.0 million or AED 0.07 per basic and diluted share reported in the same period last year. Profit from continuing operations was AED 61.7 million or AED 0.07 per basic and diluted share compared to AED 64.5 million or AED 0.08 per basic and diluted share reported in the same period last year. Adjusted net profit (adjusted for hyper-inflation loss) amounted to AED 75.8 million during the period against AED 62.0 million during same period of last year. Revenue was AED 744.1 million against AED 740.8 million reported last year. Operating profit was AED 56.4 million against AED 69.8 million reported last year. Profit before tax from continuing operations was AED 68.4 million against AED 70.9 million reported last year. Net cash generated from operating activities was AED 82.0 million against AED 4.7 million reported last year. Acquisition of property, plant and equipment and capital work in progress was AED 49.4 million against AED 19.5 million reported last year. Acquisition of intangible assets was AED 0.2 million against AED 0.3 million reported last year. EBITDA was AED 130.5 million against AED 134.2 million reported last year. Net debt at the end of the period was AED 1,366.7 million against AED 1,411.2 million reported a year ago.

Ras Al Khaimah Ceramics PSC Approves Cash Dividend for the Quarter Ending June 30, 2015

Ras Al Khaimah Ceramics PSC announced that at the Annual General Meeting (AGM) held on April 26, 2015, the shareholders approved cash dividend of 35% which was proposed by the Board of Directors which will be accounted for in quarter ending June 30, 2015.


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Valuation RAKCEC Industry Range
Price/Earnings 8.3x
Price/Sales 0.8x
Price/Book 0.9x
Price/Cash Flow 9.5x
TEV/Sales NM Not Meaningful

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