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% 10 379 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% 7 968 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 3 383 01 Feb 09 11:03
Sorouh HSBC report 1 515 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

Deyaar postpones plans for fund to acquire distressed properties National This month, Sorouh Real Estate, the second-largest property developer in Abu Dhabi, created a joint venture called Al Sdeirah Real Estate Investment with ... and more More ...


News Item

Aldar invites project partners National Last week, Sorouh Real Estate, the second-largest property developer in Abu Dhabi, created a joint venture called Al Sdeirah Real Estate Investment with ... and more More ...


News Item

Global markets drag Gulf lower National Aldar Properties, Abu Dhabi's largest developer, was down 3.9 per cent and Sorouh Real Estate finished 2.9 per cent lower. RAK Properties shares fell 3.57 ... More ...


News Item

Mixed note ends Gulf week National Aldar Properties and Sorouh Real Estate also declined 1.2 per cent, while Arkan Building Materials dipped 2.2 per cent. Elsewhere in the region, ... and more More ...


News Item

Markets higher across Gulf National First Gulf Bank and Abu Dhabi Islamic Bank both rose 4.7 per cent, while Aldar Properties and Sorouh Real Estate both advanced 1.7 per cent. ... and more More ...


News Item

UAE shares set the pace National Sorouh and Aldar advanced 2.5 and 1.5 per cent respectively. 'Bulls are in control for the short term but the long-term market picture is still bleak,” said ... and more More ...


News Item

Sorouh is unfazed by drop in profits National Sorouh Real Estate, Abu Dhabi's second-largest developer, saw fourth-quarter profit fall by almost 40 per cent as it increased provisions and recognised ... and more More ...


News Item

Property firms could be on shaky ground National Shares of Sorouh Real Estate rose slightly yesterday even after Abu Dhabi's second-largest developer posted a 39 per cent drop in fourth-quarter net profit. ... and more More ...


News Item

China credit clamp hits region's markets National Aldar Properties declined 5.6 per cent, while Sorouh Real Estate lost 4.7 per cent and RAK Properties closed 1.9 per cent lower. Elsewhere in the region, ... More ...


News Item

Dubai stocks tumble on Obama plan National Aldar Properties retreated 7 per cent while Sorouh closed 6.6 per cent lower. RAK Properties, the third-largest Abu Dhabi-listed developer, ended the day ... 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% 10 379 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% 7 968 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 3 383 01 Feb 09 11:03
Sorouh HSBC report 1 515 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

Deyaar postpones plans for fund to acquire distressed properties National This month, Sorouh Real Estate, the second-largest property developer in Abu Dhabi, created a joint venture called Al Sdeirah Real Estate Investment with ... and more More ...


News Item

Aldar invites project partners National Last week, Sorouh Real Estate, the second-largest property developer in Abu Dhabi, created a joint venture called Al Sdeirah Real Estate Investment with ... and more More ...


News Item

Global markets drag Gulf lower National Aldar Properties, Abu Dhabi's largest developer, was down 3.9 per cent and Sorouh Real Estate finished 2.9 per cent lower. RAK Properties shares fell 3.57 ... More ...


News Item

Mixed note ends Gulf week National Aldar Properties and Sorouh Real Estate also declined 1.2 per cent, while Arkan Building Materials dipped 2.2 per cent. Elsewhere in the region, ... and more More ...


News Item

Markets higher across Gulf National First Gulf Bank and Abu Dhabi Islamic Bank both rose 4.7 per cent, while Aldar Properties and Sorouh Real Estate both advanced 1.7 per cent. ... and more More ...


News Item

UAE shares set the pace National Sorouh and Aldar advanced 2.5 and 1.5 per cent respectively. 'Bulls are in control for the short term but the long-term market picture is still bleak,” said ... and more More ...


News Item

Sorouh is unfazed by drop in profits National Sorouh Real Estate, Abu Dhabi's second-largest developer, saw fourth-quarter profit fall by almost 40 per cent as it increased provisions and recognised ... and more More ...


News Item

Property firms could be on shaky ground National Shares of Sorouh Real Estate rose slightly yesterday even after Abu Dhabi's second-largest developer posted a 39 per cent drop in fourth-quarter net profit. ... and more More ...


News Item

China credit clamp hits region's markets National Aldar Properties declined 5.6 per cent, while Sorouh Real Estate lost 4.7 per cent and RAK Properties closed 1.9 per cent lower. Elsewhere in the region, ... More ...


News Item

Dubai stocks tumble on Obama plan National Aldar Properties retreated 7 per cent while Sorouh closed 6.6 per cent lower. RAK Properties, the third-largest Abu Dhabi-listed developer, ended the day ... 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.