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

Emirates 24/7 Total wins stake in new UAE oil concession Emirates 24/7 Shell, Total and BP have made new bids, while Exxon has decided against bidding, sources have told Reuters . The concession ... An Adnoc source told Reuters the firm is negotiating separately with other companies to bring their offers in line with Total's. and more » More ...


News Item

Emirates 24/7 Turkey and Lebanon restart Baghdad flights, Gulf waits Emirates 24/7 Samir Kubba, the head of Iraq's civil aviation authority, told Reuters a flight from Istanbul had landed and another from Beirut was expected shortly. An MEA official and the Turkish Airlines website confirmed that both carriers, which provide ... Dubai Aviation Corp, known as flydubai, Emirates Airlines , Sharjah's Air Arabia and Abu Dhabi's Etihad Airways suspended flights in line with a directive from the UAE's civil aviation authority. A flydubai spokesman said its service would remain suspended until February 2, whilst ... and more » More ...


News Item

UPDATE 1-Turkey, Lebanon restart Baghdad flights after shooting, Gulf waits Reuters BAGHDAD Jan 29 ( Reuters ) - Turkish Airlines and Lebanon's Middle East Airlines (MEA) resumed flights to Baghdad on Thursday after halting them earlier in the week when bullets hit a plane as it was landing in the Iraqi capital. Samir Kubba, the head of Iraq's civil ... Dubai Aviation Corp, known as flydubai, Emirates Airlines , Sharjah's Air Arabia and Abu Dhabi's Etihad Airways suspended flights in line with a directive from the United Arab Emirates' civil aviation authority. A flydubai spokesman said its service would ... and more » More ...


News Item

Emirates 24/7 Steve Jobs wrong: iPhone 6 helps Apple set record Emirates 24/7 ( REUTERS ). Icons can get it wrong too. 'No one's going to buy a big phone' and 'you can't get your hand around it,' founder Steve Jobs famously said in 2010 when queried if Apple Inc. (NASDAQ:AAPL) could've done anything to avoid its antenna issues with the iPhone 4. It isn't on many occasions that one can find fault with Jobs or his muse, the iPhone, but boy, was he .... Qatar Airways, Air Arabia hiring in UAE · Revealed: Banks that make their employees work the hardest · Steve Jobs wrong: iPhone 6 helps ... More ...


News Item

Emirates 24/7 Dubai's Aster DM Healthcare to list in Bombay Emirates 24/7 Most Popular in Business. Read; Emailed; Commented. iPhone 7 vs Galaxy S6: How Apple stole Samsung's lunch · Latest gold and currency rates in UAE today · Revealed: Banks that make their employees work the hardest · Qatar Airways, Air Arabia hiring ... and more » More ...


News Item

Emirates 24/7 CBD's 2014 profits jump 19% to Dh1.2bn Emirates 24/7 Most Popular in Business. Read; Emailed; Commented. iPhone 7 vs Galaxy S6: How Apple stole Samsung's lunch · Latest gold and currency rates in UAE today · Revealed: Banks that make their employees work the hardest · Qatar Airways, Air Arabia hiring ... and more » More ...


News Item

Emirates 24/7 NBF arranges Dh260m loan for Abu Dhabi hospital Emirates 24/7 Most Popular in Business. Read; Emailed; Commented. iPhone 7 vs Galaxy S6: How Apple stole Samsung's lunch · Qatar Airways, Air Arabia hiring in UAE · Latest gold and currency rates in UAE today · Revealed: Banks that make their employees work the ... and more » More ...


News Item

Emirates 24/7 Revealed: Banks that make their employees work the hardest Emirates 24/7 Most Popular in Business. Read; Emailed; Commented. iPhone 7 vs Galaxy S6: How Apple stole Samsung's lunch · Latest gold and currency rates in UAE today · Revealed: Banks that make their employees work the hardest · Qatar Airways, Air Arabia hiring ... More ...


News Item

Emirates 24/7 Kuwait cuts fuel prices from Feb.1 Emirates 24/7 Reuters . Published Thursday, January 29, 2015. Kuwait's diesel price reform to save the government around $1 billion annually. (AP). Kuwait has cut selling prices of diesel and kerosene at filling stations after political opposition to price hikes. On Jan. 1, the government raised the price of diesel at wholesalers and filling stations to 0.170 dinar (59 U.S. cents) per litre from 0.055 dinar. Kerosene prices also increased. The changes .... Qatar Airways, Air Arabia hiring in UAE · Steve Jobs wrong: iPhone 6 helps Apple set ... and more » More ...


News Item

Emirates 24/7 Emaar Economic City says cheap oil may boost growth Emirates 24/7 Reuters . Published Thursday, January 29, 2015. Ninety-three companies have agreed to invest in the city, says Emaar the Economic City chief Fahd Al Rasheed. (File). Saudi Arabia's Emaar the Economic City (EEC) expects demand for its industrial and residential property to grow this year as companies increase investment despite the plunge of oil prices, a top executive said. Established in 2006, EEC's operations are an .... Qatar Airways, Air Arabia hiring in UAE · Steve Jobs wrong: iPhone 6 helps Apple set ... and more » 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

Emirates 24/7 Total wins stake in new UAE oil concession Emirates 24/7 Shell, Total and BP have made new bids, while Exxon has decided against bidding, sources have told Reuters . The concession ... An Adnoc source told Reuters the firm is negotiating separately with other companies to bring their offers in line with Total's. and more » More ...


News Item

Emirates 24/7 Turkey and Lebanon restart Baghdad flights, Gulf waits Emirates 24/7 Samir Kubba, the head of Iraq's civil aviation authority, told Reuters a flight from Istanbul had landed and another from Beirut was expected shortly. An MEA official and the Turkish Airlines website confirmed that both carriers, which provide ... Dubai Aviation Corp, known as flydubai, Emirates Airlines , Sharjah's Air Arabia and Abu Dhabi's Etihad Airways suspended flights in line with a directive from the UAE's civil aviation authority. A flydubai spokesman said its service would remain suspended until February 2, whilst ... and more » More ...


News Item

UPDATE 1-Turkey, Lebanon restart Baghdad flights after shooting, Gulf waits Reuters BAGHDAD Jan 29 ( Reuters ) - Turkish Airlines and Lebanon's Middle East Airlines (MEA) resumed flights to Baghdad on Thursday after halting them earlier in the week when bullets hit a plane as it was landing in the Iraqi capital. Samir Kubba, the head of Iraq's civil ... Dubai Aviation Corp, known as flydubai, Emirates Airlines , Sharjah's Air Arabia and Abu Dhabi's Etihad Airways suspended flights in line with a directive from the United Arab Emirates' civil aviation authority. A flydubai spokesman said its service would ... and more » More ...


News Item

Emirates 24/7 Steve Jobs wrong: iPhone 6 helps Apple set record Emirates 24/7 ( REUTERS ). Icons can get it wrong too. 'No one's going to buy a big phone' and 'you can't get your hand around it,' founder Steve Jobs famously said in 2010 when queried if Apple Inc. (NASDAQ:AAPL) could've done anything to avoid its antenna issues with the iPhone 4. It isn't on many occasions that one can find fault with Jobs or his muse, the iPhone, but boy, was he .... Qatar Airways, Air Arabia hiring in UAE · Revealed: Banks that make their employees work the hardest · Steve Jobs wrong: iPhone 6 helps ... More ...


News Item

Emirates 24/7 Dubai's Aster DM Healthcare to list in Bombay Emirates 24/7 Most Popular in Business. Read; Emailed; Commented. iPhone 7 vs Galaxy S6: How Apple stole Samsung's lunch · Latest gold and currency rates in UAE today · Revealed: Banks that make their employees work the hardest · Qatar Airways, Air Arabia hiring ... and more » More ...


News Item

Emirates 24/7 CBD's 2014 profits jump 19% to Dh1.2bn Emirates 24/7 Most Popular in Business. Read; Emailed; Commented. iPhone 7 vs Galaxy S6: How Apple stole Samsung's lunch · Latest gold and currency rates in UAE today · Revealed: Banks that make their employees work the hardest · Qatar Airways, Air Arabia hiring ... and more » More ...


News Item

Emirates 24/7 NBF arranges Dh260m loan for Abu Dhabi hospital Emirates 24/7 Most Popular in Business. Read; Emailed; Commented. iPhone 7 vs Galaxy S6: How Apple stole Samsung's lunch · Qatar Airways, Air Arabia hiring in UAE · Latest gold and currency rates in UAE today · Revealed: Banks that make their employees work the ... and more » More ...


News Item

Emirates 24/7 Revealed: Banks that make their employees work the hardest Emirates 24/7 Most Popular in Business. Read; Emailed; Commented. iPhone 7 vs Galaxy S6: How Apple stole Samsung's lunch · Latest gold and currency rates in UAE today · Revealed: Banks that make their employees work the hardest · Qatar Airways, Air Arabia hiring ... More ...


News Item

Emirates 24/7 Kuwait cuts fuel prices from Feb.1 Emirates 24/7 Reuters . Published Thursday, January 29, 2015. Kuwait's diesel price reform to save the government around $1 billion annually. (AP). Kuwait has cut selling prices of diesel and kerosene at filling stations after political opposition to price hikes. On Jan. 1, the government raised the price of diesel at wholesalers and filling stations to 0.170 dinar (59 U.S. cents) per litre from 0.055 dinar. Kerosene prices also increased. The changes .... Qatar Airways, Air Arabia hiring in UAE · Steve Jobs wrong: iPhone 6 helps Apple set ... and more » More ...


News Item

Emirates 24/7 Emaar Economic City says cheap oil may boost growth Emirates 24/7 Reuters . Published Thursday, January 29, 2015. Ninety-three companies have agreed to invest in the city, says Emaar the Economic City chief Fahd Al Rasheed. (File). Saudi Arabia's Emaar the Economic City (EEC) expects demand for its industrial and residential property to grow this year as companies increase investment despite the plunge of oil prices, a top executive said. Established in 2006, EEC's operations are an .... Qatar Airways, Air Arabia hiring in UAE · Steve Jobs wrong: iPhone 6 helps Apple set ... and more » 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.