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Share price 15 Apr 2009 1.89 dhs
Price/earnings (annualised)
Latest report UCC 2008 FY report
Stock market Abu Dhabi Securities Exchange
Founding date 01 Jan 1972 Listing date 15 Mar 2002
Auditor Talal Abu Ghazaleh and Co International
Chairman of UCC Sheikh Saqr Bin Khalid Humaid Al Qasimi
CEO of UCC Magnus Dalen
Foreign ownership limit Maximum 49%
Total shares outstanding 637,560,000
Market capitalisation (AED) 1,204,988,400
Par value 1 Dh per share
Dividends for 2008 FY (2009 n/a) 5% share & 10% cash
Cash dividend yield 5.3%
Fair Value estimate
Share price rating  
Difference from fair value
Consider buying below
Consider selling above
Latest share data for UCC 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.
UCC reports
* annualised
Date Profit
AED
EPS
AED
EPS*
AED
Price
AED
PE* PBV ROE* ROS
UCC 2008 FY 19 Jan 2009 155m 0.24 0.24 2.50 10.3 1.1 11.1% 14.0%
UCC 2008 Q4 19 Jan 2009 62.3m 0.10 0.39 2.50 6.4 1.1 17.8% 20.9%
UCC 2008 Q3 29 Oct 2008 35.4m 0.06 0.22 3.80 17.1 1.8 10.4% 11.9%
UCC 2008 Q2 28 Jul 2008 38.2m 0.06 0.24 4.88 20.4 2.3 11.5% 12.5%
UCC 2008 Q1 23 Apr 2008 19.5m 0.03 0.12 4.55 37.3 2.2 6.0% 9.3%
UCC 2007 FY 03 Feb 2008 172m 0.31 0.31 4.44 14.3 1.8 12.6% 25.5%
UCC 2007 Q4 03 Feb 2008 23.1m 0.04 0.17 4.44 26.7 1.8 6.7% 10.5%
UCC 2007 Q3 25 Oct 2007 31.1m 0.06 0.22 4.68 20.9 1.9 9.3% 17.1%
UCC 2007 Q2 19 Jul 2007 96.1m 0.17 0.69 4.97 7.2 2.1 29.6% 54.6%
UCC 2007 Q1 25 Apr 2007 22.3m 0.04 0.16 4.54 28.2 2.1 7.4% 22.9%
UCC 2006 FY 29 Jan 2007 179m 0.35 0.35 4.18 11.8 1.6 13.9% 44.5%
UCC 2005 FY 31 Jan 2006 0.52bn 2.08 2.08 19.00 9.1 4.2 45.6% 131.4%
UCC 2004 FY 12 Dec 2004 146m 0.69 0.69 8.70 12.5 3.0 23.6% 46.3%
Share price 15 Apr 2009 1.89 dhs
Price/earnings (annualised)
Latest report UCC 2008 FY report
Stock market Abu Dhabi Securities Exchange
Founding date 01 Jan 1972 Listing date 15 Mar 2002
Auditor Talal Abu Ghazaleh and Co International
Chairman of UCC Sheikh Saqr Bin Khalid Humaid Al Qasimi
CEO of UCC Magnus Dalen
Foreign ownership limit Maximum 49%
Total shares outstanding 637,560,000
Market capitalisation (AED) 1,204,988,400
Par value 1 Dh per share
Dividends for 2008 FY (2009 n/a) 5% share & 10% cash
Cash dividend yield 5.3%
Fair Value estimate
Share price rating  
Difference from fair value
Consider buying below
Consider selling above
Latest share data for UCC 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.
UCC reports
* annualised
Date Profit
AED
EPS
AED
EPS*
AED
Price
AED
PE* PBV ROE* ROS
UCC 2008 FY 19 Jan 2009 155m 0.24 0.24 2.50 10.3 1.1 11.1% 14.0%
UCC 2008 Q4 19 Jan 2009 62.3m 0.10 0.39 2.50 6.4 1.1 17.8% 20.9%
UCC 2008 Q3 29 Oct 2008 35.4m 0.06 0.22 3.80 17.1 1.8 10.4% 11.9%
UCC 2008 Q2 28 Jul 2008 38.2m 0.06 0.24 4.88 20.4 2.3 11.5% 12.5%
UCC 2008 Q1 23 Apr 2008 19.5m 0.03 0.12 4.55 37.3 2.2 6.0% 9.3%
UCC 2007 FY 03 Feb 2008 172m 0.31 0.31 4.44 14.3 1.8 12.6% 25.5%
UCC 2007 Q4 03 Feb 2008 23.1m 0.04 0.17 4.44 26.7 1.8 6.7% 10.5%
UCC 2007 Q3 25 Oct 2007 31.1m 0.06 0.22 4.68 20.9 1.9 9.3% 17.1%
UCC 2007 Q2 19 Jul 2007 96.1m 0.17 0.69 4.97 7.2 2.1 29.6% 54.6%
UCC 2007 Q1 25 Apr 2007 22.3m 0.04 0.16 4.54 28.2 2.1 7.4% 22.9%
UCC 2006 FY 29 Jan 2007 179m 0.35 0.35 4.18 11.8 1.6 13.9% 44.5%
UCC 2005 FY 31 Jan 2006 0.52bn 2.08 2.08 19.00 9.1 4.2 45.6% 131.4%
UCC 2004 FY 12 Dec 2004 146m 0.69 0.69 8.70 12.5 3.0 23.6% 46.3%

UCC opinion, news, reports, researchTop

UCC - Union Cement Company forum  Replies   Views   Last Post 
UCC 08Q4 profit Dh62m +170% 1 520 04 Mar 09 17:11
UCC AGM dividends 0 238 20 Jan 09 11:09
UCC 08Q3 profit Dh35m +14% 0 276 18 Nov 08 17:26
UCC 08Q2 profit Dh38m -60% 2 338 28 Jul 08 16:47
« New UAE cement manufacturers 0 21 13 Jun 08 12:15
UCC BOD report 0 360 11 Jun 08 10:47
« UAE cement GLOBAL report 0 17 11 Jun 08 09:16
« UAE cement prices cut 0 14 06 May 08 15:28
UCC 2008 Q1 profit AED19m -13% 0 400 24 Apr 08 11:27
« Cement sector UAE TNI report 0 74 27 Mar 08 10:46

UCC latest news (links open in new window)Top

News Item

India's ACC 2009 net up, sees growth in 2010 Reuters The company said it expected the cement industry to grow by 8 to 10 percent this year, helped by the government thrust on infrastructure and increased ... and more » More ...


News Item

Nigeria Cement Makers Cut By HSBC on Fuel Shortages Bloomberg While the fuel crisis is damaging the growth prospects for the three downgraded companies, HSBC said is 'still positive” on the Nigerian cement industry , ... More ...


News Item

Emirates Business 24/7 Cement firms told to comply with new price structure Emirates Business 24/7 Union Cement Company, one of the UAE's largest producers reported that the total sales revenue decreased by 58 per cent in 2009 compared to 2008. ... and more » More ...


News Item

S.Africa coal exports to India to rise to 25 mln tonnes/yr Reuters South Africa ... coal exports conference in Cape Town that power is making up 70 percent of the country's demand for coal, followed by the steel and cement industry . and more » More ...


News Item

COAL-VIETNAM/TRADE (URGENT) Reuters UK Vietnam had to turn to coal imports because of the booming cement industry and increased power projects in the country, he said. ... and more » More ...


News Item

Grasim Post Biggest Profit Gain in Three Years on Cement Sales Bloomberg 'We have a strong intent to grow in the cement sector and for that we will increase our capacity,” Chief Financial Officer Adesh Gupta told reporters in ... and more » More ...


News Item

FACTBOX-Venezuela's state takeovers under Chavez Reuters Chavez ordered the nationalization of the cement industry in 2008, affecting Mexico's Cemex (CX.N), Switzerland's Holcim (HOLN.VX) and France's Lafarge SA ... and more » More ...


News Item

Union Cement 's profit falls 64% GulfNews Abu Dhabi: Union Cement Co, one of the UAE's largest producers, yesterday reported annual profit fell by 64 per cent in 2009 compared to the previous year, ... More ...


News Item

Emirates Business 24/7 Big ticket projects needed as UAE cement output likely to increase by 19% in 2011 Emirates Business 24/7 Other income, which in the past continued to cushion the bottom lines of the UAE cement sector , put a circuit breaker this time around due to their heavy ... More ...


News Item

Camargo eyes Cimpor cement tie-up in challenge to CSN Reuters Analysts have suggested that a fair price of Cimpor, based on previous deals in the cement sector , would be between 6.6 euros to 7.8 euros a share. and more » More ...


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

UCC opinion, news, reports, researchTop

UCC - Union Cement Company forum  Replies   Views   Last Post 
UCC 08Q4 profit Dh62m +170% 1 520 04 Mar 09 17:11
UCC AGM dividends 0 238 20 Jan 09 11:09
UCC 08Q3 profit Dh35m +14% 0 276 18 Nov 08 17:26
UCC 08Q2 profit Dh38m -60% 2 338 28 Jul 08 16:47
« New UAE cement manufacturers 0 21 13 Jun 08 12:15
UCC BOD report 0 360 11 Jun 08 10:47
« UAE cement GLOBAL report 0 17 11 Jun 08 09:16
« UAE cement prices cut 0 14 06 May 08 15:28
UCC 2008 Q1 profit AED19m -13% 0 400 24 Apr 08 11:27
« Cement sector UAE TNI report 0 74 27 Mar 08 10:46
Union Cement financial statements & accountsTop
PDF files (new window) 2004 2005 2006 2007 2008
UCC First Quarter 2004Q1 2005Q1 2006Q1 2007Q1 2008Q1
UCC Second Quarter 2004Q2 2005Q2 2006Q2 2007Q2 2008Q2
UCC Third Quarter 2004Q3 2005Q3 2006Q3 2007Q3  2008Q3
UCC Preliminary FY Report 2004PR 2005PR 2006PR  2007PR  2008PR 
UCC Final Annual Report 2004FY 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.

UCC latest news (links open in new window)Top

News Item

India's ACC 2009 net up, sees growth in 2010 Reuters The company said it expected the cement industry to grow by 8 to 10 percent this year, helped by the government thrust on infrastructure and increased ... and more » More ...


News Item

Nigeria Cement Makers Cut By HSBC on Fuel Shortages Bloomberg While the fuel crisis is damaging the growth prospects for the three downgraded companies, HSBC said is 'still positive” on the Nigerian cement industry , ... More ...


News Item

Emirates Business 24/7 Cement firms told to comply with new price structure Emirates Business 24/7 Union Cement Company, one of the UAE's largest producers reported that the total sales revenue decreased by 58 per cent in 2009 compared to 2008. ... and more » More ...


News Item

S.Africa coal exports to India to rise to 25 mln tonnes/yr Reuters South Africa ... coal exports conference in Cape Town that power is making up 70 percent of the country's demand for coal, followed by the steel and cement industry . and more » More ...


News Item

COAL-VIETNAM/TRADE (URGENT) Reuters UK Vietnam had to turn to coal imports because of the booming cement industry and increased power projects in the country, he said. ... and more » More ...


News Item

Grasim Post Biggest Profit Gain in Three Years on Cement Sales Bloomberg 'We have a strong intent to grow in the cement sector and for that we will increase our capacity,” Chief Financial Officer Adesh Gupta told reporters in ... and more » More ...


News Item

FACTBOX-Venezuela's state takeovers under Chavez Reuters Chavez ordered the nationalization of the cement industry in 2008, affecting Mexico's Cemex (CX.N), Switzerland's Holcim (HOLN.VX) and France's Lafarge SA ... and more » More ...


News Item

Union Cement 's profit falls 64% GulfNews Abu Dhabi: Union Cement Co, one of the UAE's largest producers, yesterday reported annual profit fell by 64 per cent in 2009 compared to the previous year, ... More ...


News Item

Emirates Business 24/7 Big ticket projects needed as UAE cement output likely to increase by 19% in 2011 Emirates Business 24/7 Other income, which in the past continued to cushion the bottom lines of the UAE cement sector , put a circuit breaker this time around due to their heavy ... More ...


News Item

Camargo eyes Cimpor cement tie-up in challenge to CSN Reuters Analysts have suggested that a fair price of Cimpor, based on previous deals in the cement sector , would be between 6.6 euros to 7.8 euros a share. and more » More ...


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

Union Cement comments & notesTop

Union Cement shares outstanding, share capital, AGMs and dividend dates
  • 31 March 2008 - 637,560,000 (15% share dividend - 83,160,000 shares added)
  • 09 March 2008 - dividend record date
  • 27 February 2008 - AGM approves 15% cash and 15% share dividends
  • 31 December 2007 - AED 554,400,000
  • 31 March 2007 - AED 554,400,000 (10% bonus shares added for 2006 FY)
  • 31 December 2006 - AED 504,000,000 (100% bonus shares issued for 2005 FY)
  • 31 December 2005 - AED 252,000,000
  • 31 June 2005 - AED 252,000,000 (20% bonus shares issued for 2004 FY)
  • 31 December 2004 - AED 210,000,000
  • 31 December 2003 - AED 210,000,000
03 February 2008
  • General Manager is Abdullah Saeed Al Sayah according to 2007 Preliminary Report from UCC.
  • Nothing obvious in the full accounts relating to purchase of RAK Energy shares (decided in 17 Dec 2007 BOD meeting).
17 December 2007

BOD meeting 09 December 2007 reported that

  • Abdullah Saeed Al Sayah / Sayyah was appointed as General Manager from 01 January 2007 since the management contract of Heidelberg Cement expired on 31 December 2007. Presumably UCC meant from 01 January 2008, and that Magnus Dalen is no longer serving as General Manager, although that wasn't stated.
  • UCC have decided to invest in 35% of RAK Energy's authorised capital of AED 500 million which would be AED 175m, but that wasn't explicitly stated (see Union Cement buys RAK Energy stake).
23 March 2007
  • Abdullah Sayah is CEO according to ADSM
  • Volker Schneider is General Manager according to April 2005 report.
  • Magnus Dalen is General Manager according to June 2006 report.
  • UCC the first cement manufacturer in the UAE.
  • www.uccrak.ae shows UAEnic parking page only, cannot find UCC website.
  • ADSM site has listing date as 01 Jul 2002. Foundation date agrees with SCA site.

Chairman's name is seen written in several different ways:

  • Sheikh Saqr Bin Khalid H Al Qassimi
  • Sheikh Saqr Bin Khalid Hamed Al Qassimi
  • Sheikh Saqr Bin Khalid Humaid Al Qassimi (Hamed and Humaid are different names, Humaid appears to be correct).
  • Sheikh Saqr Bin Khalid Al Qasimi
  • Sheikh Saqr Bin Khaled Al Qassimi
  • Sheikh Saqr Bin Khalid Al Qassimi (same name as the ruler of Sharjah from 1883 to 1914)
  • Is rarely seen using the variations Shaikh, Saqer, Saqar, Sagr, Sager, Qasmi, Qassimmi, or Qasimmi.
Contact details and investor informationTop
  • Union Cement, PO Box 170, Ras Al Khaimah, UAE. Tel +971-7-2668166.
  • Domain not found or website not active.
  • uccrak@emirates.net.ae - Union Cement email.
UCC - 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 25 Jul 2008. E & OE.