Market: Abu Dhabi
ISIN: AEM000601017
Industry: Real estate development

Headquartered in Abu Dhabi, UAE, Manazel Real Estate is one of the nation’s leading developers of quality homes for the country’s middle income segment of the population. Through strategic investments spanning residential and commercial developments, Manazel has succeeded in striking a balance between creating thriving, sustainable communities while providing the highest returns for shareholders and investors.

With quality often sacrificed at the altar of price, Manazel is a pioneering developer that has succeeded in bridging the gap between these two factors to craft a wide range of affordable properties that cater to almost any lifestyle aspiration while adhering to Islamic real estate investment regulations.

As comprehensive master planners and community builders, we take pride in our ability to balance our multiple roles whether as planner, builder, landlord, investor, community partner or project manager. We are an equal opportunity employer that retains the most experienced and talented teams of professionals and encourage them to apply their full potential in the pursuit of excellence.

Currency AED
Last Closing Price 0.34
Change (%) 0.59
Volume 4,716,942
Number of Shares (mln) 2,600
Market Cap (mln) 889
FINANCIAL HIGHLIGHTS, AED'000 2014 2015 2016 2017 2018 2019
Revenue
738,609 739,932 748,616 861,873 809,269 946,848
Gross profit 231,482 243,906 254,322 316,450 335,925 464,985
Gross margin 31% 33% 34% 37% 42% 49%
Profit for the year 151,652 195,468 206,516 220,550 230,735 240,626
Net cash flows from (used in) operating activities 117,289 (208,431) 12,135 (89,555) 77,430 34,592
Bank balances and cash 25,898 15,094 179,992 129,589 146,430 71,691
Development work-in-progress 201,839 262,760 190,617 172,104 323,012 182,759
Total assets 3,626,837 4,210,803 4,700,632 4,975,457 5,492,929 5,869,564
Total equity 2,014,413 2,600,494 2,801,574 2,889,234 2,934,584 3,320,264
Advances from customers 144,397 29,910 33,473 33,701 18,455 16,575
Earnings per share, Basic and diluted (AED) 0.054 0.075 0.079 0.085 0.089 0.093

.
*2015: 4% bonus shares were distributed.
*2016: 4% cash dividend distribution.