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 Air Arabia forum  Replies   Views   Last Post 
Air Arabia 2008Q4 profit AED136m +45% 10 798 19 Feb 09 16:46
Air Arabia expansion plans 0 281 08 Jan 09 16:47
Air Arabia share prices suppose to fall 17 1942 27 Dec 08 19:58
Air Arabia buys 10 more A320s 0 178 12 Nov 08 17:11
Air Arabia 08Q3 profit Dh214m +30% 3 416 09 Nov 08 15:04
Air Arabia Maroc 1 412 04 Nov 08 16:13
AA purchase today very below 1.10 1 498 21 Oct 08 12:46
Trading Air Arabia 13 1826 14 Oct 08 14:25
Air Arabia starts Kiev flights 10 694 04 Oct 08 02:29
Air Arabia Morgan Stanley report 2 906 25 Aug 08 11:49

AIRARABIA latest news (links open in new window)Top

News Item

Emirates 24/7 Crowded skies: UAE to be busiest air corridor in world by 2020 Emirates 24/7 These numbers, according to Capa, are expected to reach 16 million by 2020 and 25 million per annum within 20 years – thanks fast growing Air Arabia , opening a new runway, taxiway and air traffic control facility which are enough to handle its needs for the ... and more » More ...


News Item

The National RAK's Al Marjan islands to rival Ibiza and Miami The National DUBAI // Music festivals and beach parties to rival Ibiza and Miami are planned across four man-made islands in Ras Al Khaimah. Property developers are in talks with music companies and promoters to stage shows that will transform the northernmost ... and more » More ...


News Item

The National Travel news: Have a wild time with tigers in India The National It's official: India now has the largest tiger population in the world. If you're keen on seeing the big cats, Taj Safaris (by Taj Hotels, Resorts and Palaces) is currently offering special packages. The brand has launched a wildlife circuit with four lodges in Madhya ... More ...


News Item

The National Emirates to restart Dubai-Baghdad flights after gunfire incident The National Air Arabia , meanwhile, resumed its flights from Sharjah to Baghdad last week. Bahraini carrier Gulf Air said on February 5 that it would resume flights to the city. After the gunfire incident, the Iraqi ambassador to the UAE was summoned to the Ministry of ... and more » More ...


News Item

GFH shares gain after return to profit The National Gains by Damac Properties and DFM were cancelled out by declines in Air Arabia , UPP and Deyaar Development. In the capital, the Abu Dhabi Securities Exchange General Index ended the day down 0.3 per cent at 4,630.36 as financial stocks edged down. and more » More ...


News Item

UAE stock market investors shifting focus The National Earnings reports released last week from du and Sharjah-based Air Arabia failed to provide any 'upside in prices”, he said. In Dubai, Arabtec rose 7 fils to Dh3.15 a share in early trading as the company won US$253 million worth of oil and gas contracts in ... and more » More ...


News Item

The National Travel news: Make your next Bali break a Ritz-y affair The National The Ritz-Carlton has returned to Bali, six years after ceasing management of its previous site there. The hotel is set among the dramatic cliffs and pristine beaches of Sawangan, Nusa Dua, on 12.7 hectares of beachfront. It boasts 313 hotel rooms, including 34 ... More ...


News Item

Emirates 24/7 UAE's Etihad, Emirates, Air Arabia hiring cabin crew: Click for salary details Emirates 24/7 To give you a rough idea of the pay packages, Air Arabia , cabin crew are paid a monthly salary which includes basic, housing allowance and transportation allowance. Flying allowance will be paid as per the slabs. Additional benefits include medical ... and more » More ...


News Item

UAE is world's No. 1 in aviation safety compliance Emirates 24/7 ... within the international civil aviation community. Ghaith Al Ghaith, CEO of flydubai and Adel Ali, CEO of Air Arabia congratulated the GCAA on its latest achievements and its ongoing role in transforming and developing the aviation industry in the region. and more » More ...


News Item

Emirates 24/7 Discount in the air(fare): Dxb-Mum @ Dh980 Emirates 24/7 Meanwhile, Sharjah-based budget carrier, Air Arabia , has also announced its 48 hour sale that ends Tuesday, allowing residents to bag deals for an early summer break with prices starting at Dh799 to Beirut. Air Arabia is offering return deals for travel until ... and more » More ...


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

AIRARABIA opinion, news, reports, researchTop

AIRARABIA Air Arabia forum  Replies   Views   Last Post 
Air Arabia 2008Q4 profit AED136m +45% 10 798 19 Feb 09 16:46
Air Arabia expansion plans 0 281 08 Jan 09 16:47
Air Arabia share prices suppose to fall 17 1942 27 Dec 08 19:58
Air Arabia buys 10 more A320s 0 178 12 Nov 08 17:11
Air Arabia 08Q3 profit Dh214m +30% 3 416 09 Nov 08 15:04
Air Arabia Maroc 1 412 04 Nov 08 16:13
AA purchase today very below 1.10 1 498 21 Oct 08 12:46
Trading Air Arabia 13 1826 14 Oct 08 14:25
Air Arabia starts Kiev flights 10 694 04 Oct 08 02:29
Air Arabia Morgan Stanley report 2 906 25 Aug 08 11:49
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 Crowded skies: UAE to be busiest air corridor in world by 2020 Emirates 24/7 These numbers, according to Capa, are expected to reach 16 million by 2020 and 25 million per annum within 20 years – thanks fast growing Air Arabia , opening a new runway, taxiway and air traffic control facility which are enough to handle its needs for the ... and more » More ...


News Item

The National RAK's Al Marjan islands to rival Ibiza and Miami The National DUBAI // Music festivals and beach parties to rival Ibiza and Miami are planned across four man-made islands in Ras Al Khaimah. Property developers are in talks with music companies and promoters to stage shows that will transform the northernmost ... and more » More ...


News Item

The National Travel news: Have a wild time with tigers in India The National It's official: India now has the largest tiger population in the world. If you're keen on seeing the big cats, Taj Safaris (by Taj Hotels, Resorts and Palaces) is currently offering special packages. The brand has launched a wildlife circuit with four lodges in Madhya ... More ...


News Item

The National Emirates to restart Dubai-Baghdad flights after gunfire incident The National Air Arabia , meanwhile, resumed its flights from Sharjah to Baghdad last week. Bahraini carrier Gulf Air said on February 5 that it would resume flights to the city. After the gunfire incident, the Iraqi ambassador to the UAE was summoned to the Ministry of ... and more » More ...


News Item

GFH shares gain after return to profit The National Gains by Damac Properties and DFM were cancelled out by declines in Air Arabia , UPP and Deyaar Development. In the capital, the Abu Dhabi Securities Exchange General Index ended the day down 0.3 per cent at 4,630.36 as financial stocks edged down. and more » More ...


News Item

UAE stock market investors shifting focus The National Earnings reports released last week from du and Sharjah-based Air Arabia failed to provide any 'upside in prices”, he said. In Dubai, Arabtec rose 7 fils to Dh3.15 a share in early trading as the company won US$253 million worth of oil and gas contracts in ... and more » More ...


News Item

The National Travel news: Make your next Bali break a Ritz-y affair The National The Ritz-Carlton has returned to Bali, six years after ceasing management of its previous site there. The hotel is set among the dramatic cliffs and pristine beaches of Sawangan, Nusa Dua, on 12.7 hectares of beachfront. It boasts 313 hotel rooms, including 34 ... More ...


News Item

Emirates 24/7 UAE's Etihad, Emirates, Air Arabia hiring cabin crew: Click for salary details Emirates 24/7 To give you a rough idea of the pay packages, Air Arabia , cabin crew are paid a monthly salary which includes basic, housing allowance and transportation allowance. Flying allowance will be paid as per the slabs. Additional benefits include medical ... and more » More ...


News Item

UAE is world's No. 1 in aviation safety compliance Emirates 24/7 ... within the international civil aviation community. Ghaith Al Ghaith, CEO of flydubai and Adel Ali, CEO of Air Arabia congratulated the GCAA on its latest achievements and its ongoing role in transforming and developing the aviation industry in the region. and more » More ...


News Item

Emirates 24/7 Discount in the air(fare): Dxb-Mum @ Dh980 Emirates 24/7 Meanwhile, Sharjah-based budget carrier, Air Arabia , has also announced its 48 hour sale that ends Tuesday, allowing residents to bag deals for an early summer break with prices starting at Dh799 to Beirut. Air Arabia is offering return deals for travel until ... 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.