SOROUH - Sorouh Real Estate

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Share price 15 Apr 2009 2.83 dhs
Price/earnings (annualised)
Latest report SOROUH 2008 FY report
Stock market Abu Dhabi Securities Exchange
Founding date 26 Jul 2005 Listing date 20 Dec 2005
Auditor  
Chairman of SOROUH Saeed Eid Al Ghafli
CEO of SOROUH Munir Haider
Foreign ownership limit Maximum 20%
Total shares outstanding 2,500,000,000
Market capitalisation (AED) 7,075,000,000
Par value 1 Dh per share
Dividends for 2008 FY (2009 n/a) 12% cash dividend
Cash dividend yield 4.2%
Fair Value estimate
Share price rating  
Difference from fair value
Consider buying below
Consider selling above
Latest share data for SOROUH orders | trades | chart
Ratings, estimates, comments are opinions only, and are not to be taken as advice to buy, sell or hold shares. E&OE.
SOROUH reports
* annualised
Date Profit
AED
EPS
AED
EPS*
AED
Price
AED
PE* PBV ROE* ROS
SOROUH 2008 FY 29 Jan 2009 1.86bn 0.74 0.74 2.99 4.0 1.3 31.2% 49.9%
SOROUH 2008 Q4 29 Jan 2009 44.8m 0.02 0.07 2.99 41.7 1.3 3.0% 8.4%
SOROUH 2008 Q3 22 Oct 2008 0.77bn 0.31 1.22 5.26 4.3 2.2 51.8% 51.1%
SOROUH 2008 Q2 24 Jul 2008 0.69bn 0.27 1.10 9.47 8.6 4.6 53.1% 64.2%
SOROUH 2008 Q1 23 Apr 2008 361m 0.14 0.58 9.86 17.0 5.5 32.2% 58.0%
SOROUH 2007 FY 29 Jan 2008 1.26bn 0.50 0.50 8.16 16.2 4.6 28.2% 54.2%
SOROUH 2007 Q4 29 Jan 2008       8.16   4.6    
SOROUH 2007 Q3 30 Oct 2007 217m 0.09 0.35 6.06 17.5 3.8 21.8% 53.5%
SOROUH 2007 Q2 29 Jul 2007 443m 0.18 0.71 4.38 6.2 2.9 47.1% 55.3%
SOROUH 2006 FY 30 Jan 2007 0.98bn 0.39 0.39 2.34 6.0 1.7 28.1% 154.8%
SOROUH 2006 Q3 31 Oct 2006 156m 0.06 0.25 3.18 12.8 2.7 21.0% 102.0%
SOROUH 2006 Q2 01 Sep 2006 -40.0m -0.02 -0.06 3.40   3.0 -5.7% -30.4%
SOROUH 2006 Q1 01 May 2006 48.6m 0.02 0.08 4.31 55.4 3.6 6.4% 19.7%
Share price 15 Apr 2009 2.83 dhs
Price/earnings (annualised)
Latest report SOROUH 2008 FY report
Stock market Abu Dhabi Securities Exchange
Founding date 26 Jul 2005 Listing date 20 Dec 2005
Auditor  
Chairman of SOROUH Saeed Eid Al Ghafli
CEO of SOROUH Munir Haider
Foreign ownership limit Maximum 20%
Total shares outstanding 2,500,000,000
Market capitalisation (AED) 7,075,000,000
Par value 1 Dh per share
Dividends for 2008 FY (2009 n/a) 12% cash dividend
Cash dividend yield 4.2%
Fair Value estimate
Share price rating  
Difference from fair value
Consider buying below
Consider selling above
Latest share data for SOROUH orders | trades | chart
Ratings, estimates, comments are opinions only, and are not to be taken as advice to buy, sell or hold shares. E&OE.
SOROUH reports
* annualised
Date Profit
AED
EPS
AED
EPS*
AED
Price
AED
PE* PBV ROE* ROS
SOROUH 2008 FY 29 Jan 2009 1.86bn 0.74 0.74 2.99 4.0 1.3 31.2% 49.9%
SOROUH 2008 Q4 29 Jan 2009 44.8m 0.02 0.07 2.99 41.7 1.3 3.0% 8.4%
SOROUH 2008 Q3 22 Oct 2008 0.77bn 0.31 1.22 5.26 4.3 2.2 51.8% 51.1%
SOROUH 2008 Q2 24 Jul 2008 0.69bn 0.27 1.10 9.47 8.6 4.6 53.1% 64.2%
SOROUH 2008 Q1 23 Apr 2008 361m 0.14 0.58 9.86 17.0 5.5 32.2% 58.0%
SOROUH 2007 FY 29 Jan 2008 1.26bn 0.50 0.50 8.16 16.2 4.6 28.2% 54.2%
SOROUH 2007 Q4 29 Jan 2008       8.16   4.6    
SOROUH 2007 Q3 30 Oct 2007 217m 0.09 0.35 6.06 17.5 3.8 21.8% 53.5%
SOROUH 2007 Q2 29 Jul 2007 443m 0.18 0.71 4.38 6.2 2.9 47.1% 55.3%
SOROUH 2006 FY 30 Jan 2007 0.98bn 0.39 0.39 2.34 6.0 1.7 28.1% 154.8%
SOROUH 2006 Q3 31 Oct 2006 156m 0.06 0.25 3.18 12.8 2.7 21.0% 102.0%
SOROUH 2006 Q2 01 Sep 2006 -40.0m -0.02 -0.06 3.40   3.0 -5.7% -30.4%
SOROUH 2006 Q1 01 May 2006 48.6m 0.02 0.08 4.31 55.4 3.6 6.4% 19.7%

SOROUH opinion, news, reports, researchTop

SOROUH Real Estate forum  Replies   Views   Last Post 
Sorouh 2009Q3 profit AED185m -76% 10 562 29 Oct 09 13:32
« Sorouh report Nomura 0 15 15 Oct 09 11:44
« Sorouh JP Morgan rating 0 6 11 Aug 09 18:08
« Sorouh Goldman Sachs fair value 0 9 13 Jun 09 10:46
SOROUH 2008Q4 profit Dh45m -91% 7 1115 19 Mar 09 16:27
« Sorouh Jordan AED40bn project 0 5 26 Feb 09 16:06
« Abu Dhabi property report Morgan Stanley 0 5 04 Feb 09 00:13
Sorouh EFG 08FY report 3 483 01 Feb 09 11:03
Sorouh HSBC report 1 646 27 Jan 09 20:43
« Aldar Sorouh merger denied 0 5 20 Jan 09 02:09

SOROUH latest news (links open in new window)Top

News Item

Sorouh Price Estimate Cut 34% at HC on Delivery Delays; Recommends Aldar Bloomberg By Zahra Hankir - Mon Aug 30 05:32:02 GMT 2010 Sorouh Real Estate Co., Abu Dhabi's second-biggest property developer by market value, had its price estimate ... and more » More ...


News Item

DFM volume at low for year National Sorouh Real Estate, Abu Dhabi's second biggest developer, dropped 1.8 per cent to Dh1.60. The Saudi Tadawul All-Share Index was off 1.5 per cent at 6018.27. ... and more » More ...


News Item

Renting still the best option for most National Several developers, including Emaar Properties in Dubai and Sorouh Real Estate in Abu Dhabi, have launched 'rent-to-own” schemes in which tenants can opt ... and more » More ...


News Item

Slow days and sideways trade National Its relatively smaller competitor, Sorouh dropped 7.6 per cent, hitting multiple 12-month lows, to close the week at Dh1.57. Mr al Zoubi said institutions ... and more » More ...


News Item

Trades down as Ramadan starts National All property stocks retreated, with Aldar Properties declining 1.3 per cent to Dh2.12, Sorouh Real Estate falling 2.4 per cent to Dh1.16 and RAK Properties ... More ...


News Item

Al Maabar shortlists companies for $750m Tripoli development National Al Maabar was set up in 2006 as a joint venture between Abu Dhabi's largest property developers: Aldar Properties, Sorouh Real Estate, Al Qudra Holding and ... and more » More ...


Newsfeed from Google News. See also latest UAE market news.

SOROUH opinion, news, reports, researchTop

SOROUH Real Estate forum  Replies   Views   Last Post 
Sorouh 2009Q3 profit AED185m -76% 10 562 29 Oct 09 13:32
« Sorouh report Nomura 0 15 15 Oct 09 11:44
« Sorouh JP Morgan rating 0 6 11 Aug 09 18:08
« Sorouh Goldman Sachs fair value 0 9 13 Jun 09 10:46
SOROUH 2008Q4 profit Dh45m -91% 7 1115 19 Mar 09 16:27
« Sorouh Jordan AED40bn project 0 5 26 Feb 09 16:06
« Abu Dhabi property report Morgan Stanley 0 5 04 Feb 09 00:13
Sorouh EFG 08FY report 3 483 01 Feb 09 11:03
Sorouh HSBC report 1 646 27 Jan 09 20:43
« Aldar Sorouh merger denied 0 5 20 Jan 09 02:09
Sorouh financial statements & accountsTop
PDF files (new window) 2004 2005 2006 2007 2008
SOROUH First Quarter     2006Q1 2007Q1 2008Q1
SOROUH Second Quarter     2006Q2 2007Q2 2008Q2
SOROUH Third Quarter     2006Q3 2007Q3  2008Q3
SOROUH Preliminary FY Report   2005PR 2006PR  2007PR  2008PR 
SOROUH Final Annual Report   2005FY 2006FY 2007FY

Links are to the relevant PDF report on the ESCA website and are provided as a convenience by ShareWadi.com. We are not responsible for the content or availability of any external sites or pages. If accounts are not available from ESCA, try the ADX or DFM website.

SOROUH latest news (links open in new window)Top

News Item

Sorouh Price Estimate Cut 34% at HC on Delivery Delays; Recommends Aldar Bloomberg By Zahra Hankir - Mon Aug 30 05:32:02 GMT 2010 Sorouh Real Estate Co., Abu Dhabi's second-biggest property developer by market value, had its price estimate ... and more » More ...


News Item

DFM volume at low for year National Sorouh Real Estate, Abu Dhabi's second biggest developer, dropped 1.8 per cent to Dh1.60. The Saudi Tadawul All-Share Index was off 1.5 per cent at 6018.27. ... and more » More ...


News Item

Renting still the best option for most National Several developers, including Emaar Properties in Dubai and Sorouh Real Estate in Abu Dhabi, have launched 'rent-to-own” schemes in which tenants can opt ... and more » More ...


News Item

Slow days and sideways trade National Its relatively smaller competitor, Sorouh dropped 7.6 per cent, hitting multiple 12-month lows, to close the week at Dh1.57. Mr al Zoubi said institutions ... and more » More ...


News Item

Trades down as Ramadan starts National All property stocks retreated, with Aldar Properties declining 1.3 per cent to Dh2.12, Sorouh Real Estate falling 2.4 per cent to Dh1.16 and RAK Properties ... More ...


News Item

Al Maabar shortlists companies for $750m Tripoli development National Al Maabar was set up in 2006 as a joint venture between Abu Dhabi's largest property developers: Aldar Properties, Sorouh Real Estate, Al Qudra Holding and ... and more » More ...


Newsfeed from Google News. See also latest UAE market news.

Sorouh comments & notesTop

Sorouh share capital, shares outstanding, dividends
  • 30 March 2008 - record date for 12% cash dividend
  • 31 December 2007 - AED 2,500,000,000
  • 31 December 2006 - AED 2,500,000,000 (2.5 billion shares)
22 October 2008 - Sorouh management
  • Mounier Haidar is Chief Executive Officer (was Manager) according to 2008 3Q results press release
  • Abu Baker Seddiq Al Khouri is Managing Director of Sorouh according to 2008 3Q results press release
  • Saeed Eid Al Ghafli is Sorouh Chairman according to Sorouh website (08Q3 statements don't have chairman's name)
06 March 2007
  • Sometimes spelt Surouh Real Estate (not correct?).
  • CEO name also spelt Mounir Haidar.
  • ADSM site has tel +971-2-4440006 and fax +971-2-4440066, same as Sorouh website. Numbers from SCA website correct?
  • Full company name is 'Sorouh Real Estate Development PJSC'.
  • Sorouh 20% foreign ownership allowance from 06 March 2007
  • Sorouh auditor dispute in August 2006 resulted in late financial statements, a fine from ESCA, and a change in auditor from PWC to Deloitte & Touche.
Contact details and investor informationTop
  • Sorouh, PO Box 2655, Abu Dhabi, UAE. Tel +971-2-6444434.
  • www.sorouh.com - SOROUH website home page.
SOROUH - related external links (open in new window)Top
  • www.sca.ae - ESCA profile. Includes share ownership details, board of director names, meeting dates, financial statements and annual report.
  • www.adx.ae - ADX financial disclosures, news and information.

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This page last updated 26-Nov-2009. Company information last updated 22 Oct 2008. E & OE.