| Market: Abu Dhabi | Symbol: ASM | ISIN: AEA00701013 | Industry: Others |
Al Seer Marine becomes IHC's 6th subsidiary to list in less than eight months on Abu Dhabi Securities Exchange under the ticker ASM.
Founded in 2002, Al Seer Marine offers marine services in the region, with total assets of Dhs3.98bn as at the end of June 2021, Dhs1bn in paid-in capital and over 1,200 employees.
The company provides vessels construction services, operation, refurbishment, and yacht management to private customers, as well as fulfilling public sector vessels contracts. It currently has 60 vessels catering to private customers and 250 vessels serving government customers, a statement said.
| Share data | 29-Apr-2025 | ||
| Currency | AED | Volume | |
| Previous Close | Number of Shares | 0 | |
| Change (%) | Market Cap | 0 | |
| Key Figures (AED'000) | 2019 |
2020 |
2021 |
|---|---|---|---|
| Income statement | |||
| Revenue | 653,349 | 507,088 | 620,759 |
| Gross profit | 83,018 | 55,765 | 82,266 |
| Operating Profit for the year | 52,978 | 33,943 | 54,753 |
| Net Profit for the year | 52,978 | 33,943 | 2,516,330 |
| Balance sheet | |||
| Total assets | 476,737 | 717,817 | 6,121,598 |
| Total liabilities | 230,422 | 437,559 | 325,010 |
| Total equity | 246,315 | 280,258 | 5,796,589 |
| Cash flow | |||
| Net cash generated from operating activities | 64,651 | 35,708 | 42,007 |
| Net cash (used in) investing activities | (2,152) | (4,925) | (117,382) |
| Net cash used in financing activities | (22,628) | (2,422) | (864) |
