AIRARABIA - Air Arabia

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Share price 15 Apr 2009 0.97 dhs
Price/earnings (annualised)
Latest report AIRARABIA 2008 FY report
Stock market Dubai Financial Market
Founding date 28 Jan 2003 Listing date 17 Jul 2007
Auditor Deloitte and Touche
Chairman of AIRARABIA Sheikh Abdulla Bin Mohamed Al Thani
CEO of AIRARABIA Adel Ali
Foreign ownership limit Maximum 49%
Total shares outstanding 4,666,700,000
Market capitalisation (AED) 4,526,699,000
Par value 1 Dh per share
Dividends for 2014 FY
Cash dividend yield
Fair Value estimate
Share price rating  
Difference from fair value
Consider buying below
Consider selling above
Latest share data for AIRARABIA orders | trades | chart
Ratings, estimates, comments are opinions only, and are not to be taken as advice to buy, sell or hold shares. E&OE.
AIRARABIA reports
* annualised
Date Profit
AED
EPS
AED
EPS*
AED
Price
AED
PE* PBV ROE* ROS
AIRARABIA 2008 FY 15 Feb 2009 0.51bn 0.11 0.11 0.92 8.4 0.8 9.4% 24.7%
AIRARABIA 2008 Q4 15 Feb 2009 136m 0.03 0.12 0.92 7.9 0.8 10.0% 23.8%
AIRARABIA 2008 Q3 08 Nov 2008 214m 0.05 0.18 1.17 6.4 1.0 15.8% 34.3%
AIRARABIA 2008 Q2 03 Aug 2008 81.5m 0.02 0.07 1.60 22.9 1.4 6.2% 16.7%
AIRARABIA 2008 Q1 11 May 2008 78.3m 0.02 0.07 2.04 30.4 1.9 6.1% 20.4%
AIRARABIA 2007 FY 13 Feb 2008 282m 0.06 0.06 2.04 33.8 1.9 5.6% 35.1%
AIRARABIA 2007 Q4 13 Feb 2008 93.6m 0.02 0.08 2.04 25.4 1.9 7.4% 25.1%
AIRARABIA 2007 Q3 04 Nov 2007 165m 0.04 0.14 1.68 11.9 1.6 13.4% 44.7%
AIRARABIA 2007 Q2 24 Jul 2007 71.7m 0.02 0.06 1.09 17.7 1.1 6.0%  
AIRARABIA 2007 Q1 02 May 2007 43.4m           99.8% 17.2%
AIRARABIA 2006 FY 31 Jan 2007 101m           58.1% 13.5%
Share price 15 Apr 2009 0.97 dhs
Price/earnings (annualised)
Latest report AIRARABIA 2008 FY report
Stock market Dubai Financial Market
Founding date 28 Jan 2003 Listing date 17 Jul 2007
Auditor Deloitte and Touche
Chairman of AIRARABIA Sheikh Abdulla Bin Mohamed Al Thani
CEO of AIRARABIA Adel Ali
Foreign ownership limit Maximum 49%
Total shares outstanding 4,666,700,000
Market capitalisation (AED) 4,526,699,000
Par value 1 Dh per share
Dividends for 2014 FY
Cash dividend yield
Fair Value estimate
Share price rating  
Difference from fair value
Consider buying below
Consider selling above
Latest share data for AIRARABIA orders | trades | chart
Ratings, estimates, comments are opinions only, and are not to be taken as advice to buy, sell or hold shares. E&OE.
AIRARABIA reports
* annualised
Date Profit
AED
EPS
AED
EPS*
AED
Price
AED
PE* PBV ROE* ROS
AIRARABIA 2008 FY 15 Feb 2009 0.51bn 0.11 0.11 0.92 8.4 0.8 9.4% 24.7%
AIRARABIA 2008 Q4 15 Feb 2009 136m 0.03 0.12 0.92 7.9 0.8 10.0% 23.8%
AIRARABIA 2008 Q3 08 Nov 2008 214m 0.05 0.18 1.17 6.4 1.0 15.8% 34.3%
AIRARABIA 2008 Q2 03 Aug 2008 81.5m 0.02 0.07 1.60 22.9 1.4 6.2% 16.7%
AIRARABIA 2008 Q1 11 May 2008 78.3m 0.02 0.07 2.04 30.4 1.9 6.1% 20.4%
AIRARABIA 2007 FY 13 Feb 2008 282m 0.06 0.06 2.04 33.8 1.9 5.6% 35.1%
AIRARABIA 2007 Q4 13 Feb 2008 93.6m 0.02 0.08 2.04 25.4 1.9 7.4% 25.1%
AIRARABIA 2007 Q3 04 Nov 2007 165m 0.04 0.14 1.68 11.9 1.6 13.4% 44.7%
AIRARABIA 2007 Q2 24 Jul 2007 71.7m 0.02 0.06 1.09 17.7 1.1 6.0%  
AIRARABIA 2007 Q1 02 May 2007 43.4m           99.8% 17.2%
AIRARABIA 2006 FY 31 Jan 2007 101m           58.1% 13.5%

AIRARABIA opinion, news, reports, researchTop

AIRARABIA latest news (links open in new window)Top

News Item

Dubai-based Abraaj Group closes second North Africa fund at $375m The National Abraaj has invested about US$3 billion in Africa in more than a decade. One of the largest private equity firms in the region with assets of about $9bn, Abraaj has stakes in companies such as the low-cost carrier Air Arabia and the supermarket chain ... and moreá╗ More ...


News Item

Emirates 24/7 Man trying to stop suicide falls to death Emirates 24/7 The Hale Wainani dormitory is seen at the University of Hawaii in Honolulu on Monday, Aug. 17, 2015. Two men fell from the 14th floor of the University of Hawaii dormitory, one of them to his death while trying to pull the other from a ledge, Honolulu ... and moreá╗ More ...


News Item

Emirates 24/7 Last-minute air deals to India, Pakistan Emirates 24/7 Summer holidays in the UAE may be on their last leg, but local airlines are still offering deals to make you want to go ahead with your holiday plans that may not have materialised in the past couple of months. Budget airline Air Arabia is offering ... More ...


News Item

Emirates 24/7 Indonesia plane crash latest: No cash, but all aboard dead Emirates 24/7 Airline officials were not immediately available to respond to enquiries from Reuters . Indonesia has a patchy aviation safety record and has seen two major plane crashes in the past year, including an AirAsia flight that went down in the Java Sea ... and moreá╗ More ...


News Item

Abraaj takes majority stake in Latin American courier Urbano The National The Abraaj Group has bought a majority stake in the Latin American courier and logistics company Urbano as the private equity firm seeks to boost its investment in the region. Abraaj did not disclose the size of the stake it was acquiring or the value ... and moreá╗ More ...


News Item

Dubai-based Abraaj Group invests in Turkish medical supplies firm Yu-Ce Medical The National ... which includes the e-commerce business Hepsiburada and dairy manufacturer Yorsan Group. With assets of $9 billion, Abraaj owns stakes in several high-profile companies that include the low-cost carrier Air Arabia and the supermarket chain Spinneys. and moreá╗ More ...


News Item

Emirates 24/7 Union Properties Q2 net profit falls 96% Emirates 24/7 Reuters . Published Sunday, August 09, 2015. Union Properties reported a 96 per cent slump in second-quarter net profit on Sunday. (Supplied). Dubai's Union Properties reported a 96 per cent slump in second-quarter net profit on Sunday as revenue from ... and moreá╗ More ...


News Item

The National Emirati cadet pilots 'the future of Etihad Airways' The National Amid terracotta sands on the outskirts of Al Ain, cadets are hard at work in classrooms with names such as Yeager, Bader, Lindbergh and Earhart. The names, of course, refer to the famous pilots Chuck Yeager (the first pilot to travel faster than sound ... and moreá╗ More ...


News Item

MIDEAST STOCKS-Gulf tracks falling oil prices; bomb attack weighs on Saudi Reuters DUBAI, Aug 6 ( Reuters ) - Most Gulf stock markets fell on Thursday as Brent oil dipped below $50 per barrel again, and Saudi Arabia led losses after a suicide bomb attack in the southwest of the country killed 17 members of a state security unit. The ... and moreá╗ More ...


News Item

The National Oil price below $50 drags on UAE markets The National Air Arabia fell 1.8 per cent to Dh1.63, while the telecoms operator du fell marginally to Dh5.39. Du said yesterday it began competing with its rival Etisalat last month on fixed line services, a move that will dent profit for the former monopoly ... More ...


Newsfeed from Google News. See also latest UAE market news.

AIRARABIA opinion, news, reports, researchTop

Air Arabia financial statements & accountsTop
PDF files (new window) 2004 2005 2006 2007 2008
AIRARABIA First Quarter         2008Q1
AIRARABIA Second Quarter         2008Q2
AIRARABIA Third Quarter       2007Q3  2008Q3
AIRARABIA Preliminary FY Report        2007PR  2008PR 
AIRARABIA Final Annual Report       2007FY

Links are to the relevant PDF report on the ESCA website and are provided as a convenience by ShareWadi.com. We are not responsible for the content or availability of any external sites or pages. If accounts are not available from ESCA, try the ADX or DFM website.

AIRARABIA latest news (links open in new window)Top

News Item

Dubai-based Abraaj Group closes second North Africa fund at $375m The National Abraaj has invested about US$3 billion in Africa in more than a decade. One of the largest private equity firms in the region with assets of about $9bn, Abraaj has stakes in companies such as the low-cost carrier Air Arabia and the supermarket chain ... and moreá╗ More ...


News Item

Emirates 24/7 Man trying to stop suicide falls to death Emirates 24/7 The Hale Wainani dormitory is seen at the University of Hawaii in Honolulu on Monday, Aug. 17, 2015. Two men fell from the 14th floor of the University of Hawaii dormitory, one of them to his death while trying to pull the other from a ledge, Honolulu ... and moreá╗ More ...


News Item

Emirates 24/7 Last-minute air deals to India, Pakistan Emirates 24/7 Summer holidays in the UAE may be on their last leg, but local airlines are still offering deals to make you want to go ahead with your holiday plans that may not have materialised in the past couple of months. Budget airline Air Arabia is offering ... More ...


News Item

Emirates 24/7 Indonesia plane crash latest: No cash, but all aboard dead Emirates 24/7 Airline officials were not immediately available to respond to enquiries from Reuters . Indonesia has a patchy aviation safety record and has seen two major plane crashes in the past year, including an AirAsia flight that went down in the Java Sea ... and moreá╗ More ...


News Item

Abraaj takes majority stake in Latin American courier Urbano The National The Abraaj Group has bought a majority stake in the Latin American courier and logistics company Urbano as the private equity firm seeks to boost its investment in the region. Abraaj did not disclose the size of the stake it was acquiring or the value ... and moreá╗ More ...


News Item

Dubai-based Abraaj Group invests in Turkish medical supplies firm Yu-Ce Medical The National ... which includes the e-commerce business Hepsiburada and dairy manufacturer Yorsan Group. With assets of $9 billion, Abraaj owns stakes in several high-profile companies that include the low-cost carrier Air Arabia and the supermarket chain Spinneys. and moreá╗ More ...


News Item

Emirates 24/7 Union Properties Q2 net profit falls 96% Emirates 24/7 Reuters . Published Sunday, August 09, 2015. Union Properties reported a 96 per cent slump in second-quarter net profit on Sunday. (Supplied). Dubai's Union Properties reported a 96 per cent slump in second-quarter net profit on Sunday as revenue from ... and moreá╗ More ...


News Item

The National Emirati cadet pilots 'the future of Etihad Airways' The National Amid terracotta sands on the outskirts of Al Ain, cadets are hard at work in classrooms with names such as Yeager, Bader, Lindbergh and Earhart. The names, of course, refer to the famous pilots Chuck Yeager (the first pilot to travel faster than sound ... and moreá╗ More ...


News Item

MIDEAST STOCKS-Gulf tracks falling oil prices; bomb attack weighs on Saudi Reuters DUBAI, Aug 6 ( Reuters ) - Most Gulf stock markets fell on Thursday as Brent oil dipped below $50 per barrel again, and Saudi Arabia led losses after a suicide bomb attack in the southwest of the country killed 17 members of a state security unit. The ... and moreá╗ More ...


News Item

The National Oil price below $50 drags on UAE markets The National Air Arabia fell 1.8 per cent to Dh1.63, while the telecoms operator du fell marginally to Dh5.39. Du said yesterday it began competing with its rival Etisalat last month on fixed line services, a move that will dent profit for the former monopoly ... More ...


Newsfeed from Google News. See also latest UAE market news.

Air Arabia comments & notesTop

Air Arabia share capital and dividends
  • 31 December 2007 - 4,666,700,000 shares outstanding
Air Arabia listing and profits - update 05 July 2007

Air Arabia announced that they would be listing on 17 July 2007, company financial statements would be available from 07 July 2007.

Air Arabia profits for 2006 were 101m dhs, an increase of 222% on 31m dhs in 2005. Forecast profits (from Shuaa Capital March 2007) for 2007 are 226m dhs, rising to 369m dhs for 2011. Calculations of EPS (earnings per share) mean that even at par value, Air Arabia shares look somewhat pricey compared to many other stocks on the DFM. An optimist might feel the forecasted profits are a little conservative considering the growth plans that Air Arabia has.

Air Arabia IPO

Air Arabia is a budget or low-cost airline operating out of Sharjah International Airport with flights to the Middle East and Asia. The airline broke even in its second year of operations and was profitable in its third. The Air Arabia IPO was held from 18 - 27 March 2007 and was open to foreigners and Emirati investors, with 55% of the total share issued available for subscription. It closed a disappointing 1.5x oversubscribed - much lower than IPOs through 2005 and 2006 in the UAE with oversubscription rates of tens and hundreds of times.

Founders subscribed for 45% or 2,100,000,000 shares. Major founding shareholders are:

  • Sharjah Department of Civil Aviation - 490m shares
  • Al Maha Holding Company Free Zone - 420m shares
  • Sharjah International Airport Authority - 322m shares
  • IGCF SPV 4 Limited Cayman Islands - 200m shares
  • IGCF SPV 5 Limited Cayman Islands - 100m shares
Air Arabia Dividend Policy and Foreign Ownership

The Air Arabia IPO Prospectus said the Dividend Policy would be that 25% of profits to be distributed as dividends (payout ratio), subject to Board of Directors recommendation and shareholder approval. Foreign ownership figure is an estimate only and may not be correct, an official value has not been seen (as of 05 July 2007).

Contact details and investor informationTop
  • Air Arabia, PO Box 132, Sharjah, UAE. Tel +971-6-5088800.
  • www.airarabia.com - AIRARABIA website home page.
  • contactus@airarabia.com - Air Arabia email.
AIRARABIA - related external links (open in new window)Top
  • www.sca.ae - ESCA profile. Includes share ownership details, board of director names, meeting dates, financial statements and annual report.
  • www.dfm.ae - DFM information, financial disclosures and news.

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This page last updated 26-Nov-2009. Company information last updated 03 Aug 2008. E & OE.