The annual report of Al-Hassan Shaker Company showed that Shaker Family, Hassan and Hussein Shaker, sold their entire interest in the company’s shares.
Hassan Shaker’s stake was 1.87% (653.918 shares) while Hussein Shaker’s stake was 1.86% (650 shares) both by the end of 2012.
The following tables show their stakes’ development:
|
Al Hassan Ghazi Ibrahim Shaker Stake |
|
|
Stake |
Stake |
|
20.0% |
Before IPO |
|
14.0% |
After IPO |
|
12.2% |
End of 2011 |
|
5% |
7 March 2012 |
|
1.87% |
End of 2012 |
|
0% |
End of 2013 |
|
Hussain Ghazi Ibrahim Shaker Stake |
|
|
Stake |
Stake |
|
5% |
Before IPO |
|
5% |
After IPO |
|
4.7% |
End of 2011 |
|
1.86% |
End of 2012 |
|
0% |
End of 2013 |
Ibrahim Abu Nayyan Co. and Abdulqader Al-Muhaidab co. are considered the main shareholders in AL-Hassan Shaker Company as their stakes represent 12.2% of the company’s shares (4.27m shares).
|
Main Shareholders |
||
|
Stake |
Company |
|
|
12.2% |
4.27 |
Ibrahim A. Abu Nayyan & Bros. Co. |
|
12.2% |
4.27 |
Abdulqader Al Muhaidib & sons Co. |
|
6.5% |
2.28 |
Lamaa Holding Co. |
|
10.0% |
3.50 |
Tawazon Arabia Co. |
|
6.2% |
2.17 |
Al Mutlaq Group Co. |
Al Hassan Shaker Company posted a profit of SAR 125m in 2013 (SAR 3.58/share), 33% less than last year.
The company expects to maintain 2013’s financial performance level with seeking higher profit margins, the report said.
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