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Analysis of Hotel and Tourism Industry

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Investment Summary

An Analysis of Hotel and Tourism Industry

Tajamouat for Touristic Projects vs. Zara Investment Holding (ZARA)

Prepared By: Rasha Alazzeh Khaled Al-Shareef Marwa Jarkas Kamal Odeh May Hirzallah Nedal Khouri
Valuation results

| Tajamouat for Touristic Projects | Zara Investment Holding (ZARA) | Risk Characteristic | | | Beta | 0.7 | 0.02 | Jensen Alpha | -0.45% | -1.34% | R squared | 0.0873 | 0.0011 | Investment Performance | | | ROE – COE | -153.40% | -1.14% | ROC – WACC | -338.02% | -190.75% | EVA (Millions) | 91952595 | 166466611 | Capital Structure | | | Current Debt ratio | 48.07% | 38.62% | Optimal Debt Ratio | 92.57% | 62.91% | Change in WACC | N\A | N\A | Dividend Policy | | | Dividends (Millions) | 0 | 0 | FCFE (Millions) | -19678413.00 | -75373182.24 | Valuations | | | Value/share | 0.92 | 1.332 | Price/Share | 0.59 | 1.05 |

Table of Contents Introduction: 3 Overview of Performance, Corporate Governance: 3 Tajamouat Business: 3 Zara Investment Business: 4 Corporate Governance: 5 Risk Profile: 6 Investment Return Analysis: 7 Investment Returns: 8 Dividends Policy: 11 Cash flow choice: 12 Growth pattern choice: 13 Valuation: 14 Weighted Average Cost of Capital – WACC: 14 Value enhancement: 14 References: 17 Appendix: 18

Introduction:

Our Financial Review is provided to compare the financial results of operations, financial condition and cash flows of Tajamouat and Zara investments.
The purpose is to provide a brief with comprehensive information on Tajamouat and Zara investment, its financial health and activities, their strength and weaknesses, and whether it

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