“Shaker Family” sells its entire stake in “Al-Hassan Shaker”:

26/02/2014 Argaam

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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