This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Makkah & Madinah Holdings' Unique Investment Attributes Highlighted In Keith Bayley Rogers' Report

DUBAI, UAE, November 17, 2013 /PRNewswire/ --

Keith Bayley Rogers & Co. Limited (KBR), a long-established member of the London Stock Exchange, provides bespoke services for public companies, including corporate advice, corporate broker-ships, capital raising and research. KBR today released its report on ISDX-quoted Makkah & Madinah Holdings Limited (MMH).  

MMH is a Sharia'ah compliant, Gulf-based property company with net assets recently valued at US$459 million (£287 million).  Many of the assets in which MMH is interested through its company associate, MMCI, are in the two holy cities of Makkah and Madinah in the Kingdom of Saudi Arabia ("KSA").

KBR's report is based on analysis of MMH and the value of the portfolio of MMCI in KSA. It is underpinned by background research on the property market in KSA's holy cities and on the economic and demographic drivers which are at work there. The report states that MMH's existing portfolio offers a unique opportunity to gain public equity exposure to the rapidly developing property markets of Makkah and Madinah, where land prices in certain quarters are among the highest in the world.  

The KBR report shows MMH's strong asset backing from the investments to which the Company has exposure in real estate and development in the holy cities of KSA. An investment in MMH at its present share price could be an interesting opportunity for both "Frontier" funds and value investors. Through MMH's shares, investors are able to gain equity exposure, which has previously been available only to Saudi nationals; or to citizens of the GCC countries. Neither MMH nor MMCI has any debt; and MMCI has significant net cash. KBR views MMH's balance sheet to be robust.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,671.96 -104.16 -0.59%
S&P 500 2,056.74 -11.15 -0.54%
NASDAQ 4,863.4190 -37.4660 -0.76%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs