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MarketScreener Homepage  >  Equities  >  DUBAI INTERNATIONAL FINANCIAL EXCHANGE LTD.  >  DP World Ltd    DPW   AEDFXA0M6V00

DP WORLD LTD (DPW)
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DP World : eyes investment in 10th of Ramadan port in Egypt

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03/13/2018 | 06:31pm CEST

Operations at DP World Jebel Ali – Company’s website CAIRO13 March 2018: UAE ports operator DP World reportedly expressed its interest to invest in a port in 10th of Ramadan city.

Sultan Ahmed Bin Sulayem, the group Chairman and CEO, said that his company seeks to establish a transport model that will be connected to the Ain Sokhna port, which DP runs.

The area available for investment in the port area amounts to 250 feddans, close to the Cairo-Ismailia desert road.

The project is planned to include a logistics center in addition to the port. Sulayem’s comments came during a meeting with Transport Minister Hisham Arafat and Mohab Mamish, Head of the Suez Canal Economic Zone.

In November, DP World signed a partnership agreement with the Suez Canal Economic Zone Authority to develop an integrated industrial and residential zone in the Red Sea resort of Ain Sokhna.

The project is set to start in the first quarter of 2018. The signing ceremony included seven contracts for projects with $40 billion in investments.

In August, President Abdel Fatah al-Sisi agreed to the establishment of a joint development company between the General Authority for the Suez Canal Economic Zone and DP to execute development projects in the Suez Canal area.

(c) 2018 Egypt Today. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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2016THE ISHARES MSCI CAPPED UNITED ARAB : Undiscovered Dividend? 
Financials ($)
Sales 2018 5 098 M
EBIT 2018 1 787 M
Net income 2018 1 230 M
Debt 2018 6 066 M
Yield 2018 2,26%
P/E ratio 2018 13,94
P/E ratio 2019 12,76
EV / Sales 2018 4,47x
EV / Sales 2019 3,98x
Capitalization 16 725 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 26,5 $
Spread / Average Target 31%
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NameTitle
Sultan Ahmed Sultan bin Sulayem Group Chairman & Chief Executive Officer
Yuvraj Narayan Group Chief Financial Officer & Executive Director
Chin Seng Teo Senior Vice President-Information Technology
Deepak Shantilal Parekh Senior Independent Non-Executive Director
Robert Barclay Woods Independent Non-Executive Director
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