Cahya Mata Sarawak: Apples of the eye

By Anil Netto, 
 
These are the substantial shareholders of Cahya Mata Sarawak Bhd, according to the firm’s 2009 Annual Report.
The analysis as at 22 March 2010:

Substantial Shareholders as per Register of Substantial Shareholders, excluding nominee companies
Name of Substantial Shareholders – Direct – Indirect – % of Issued
(Daughter) 1. Datin Hanifah Hajar Taib (Direct) 705,000 (Indirect) 44,925,102  – 13.85%
(Son-in-law) 2. Datuk Syed Ahmad Alwee Alsree – (Indirect) 45,630,102  13.85%
(Family concern) 3. Majaharta Sdn. Bhd. (Direct) 44,925,102 – 13.64%
(Daughter) 4. Jamilah Hamidah Taib (Indirect) 44,925,102 1 – 13.64%
(Late wife) 5. Lejla Taib (Direct) 37,000,000 – 11.23%
(Son) 6. YB Dato Sri Sulaiman Abdul Rahman Taib (Direct) 29,465,085 – 8.94%
(Son) 7. Dato Sri Mahmud Abu Bekir Taib (Direct) 29,400,085 – 8.92%
8. Sarawak Economic Development Corporation (Direct) 26,965,360 – 8.19%

The closing price on 5 July was RM2.30 per share. You do the maths to find out how much the Taib Mahmud family is worth in CMS shares alone.
The CMS group made a profit before tax of RM124 million on the back of turnover of RM875 million for 2009.
Its total equity attributable to equity holders of the firm is RM1.3 billion as at 31 December 2009. It had cash and bank balances totalling RM438 million.
From a single product manufacturer of cement beginning in 1974, it has evolved into a group of over 40 companies involved in cement manufacturing, construction materials, trading, construction, road maintenance, property development and financial services.