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 2008 FY (2009 n/a) 10% cash dividend
Cash dividend yield 10.3%
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 2008 FY (2009 n/a) 10% cash dividend
Cash dividend yield 10.3%
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 2009Q3 profit AED144m -33% 3 1297 28 Jan 10 10:06
« Templeton buying Air Arabia 1 12 17 Dec 09 10:40
Air Arabia's Cash Position 3 521 13 Dec 09 10:53
Air Arabia dividend 3 563 07 Dec 09 13:01
Air Arabia awards LCC 2009 0 232 07 Dec 09 12:00
Air Arabia Egypt third hub 0 443 10 Sep 09 15:34
Air Arabia 2009Q2 profit Dh90m +10% 2 642 09 Aug 09 19:50
Air Arabia Goldman Sachs rating Buy 0 522 09 Aug 09 13:58
Air Arabia declare 10% cash dividend 2 776 11 May 09 14:18
Air Arabia 2008Q4 profit AED136m +45% [page: 1, 2] 30 3707 10 May 09 12:52

AIRARABIA latest news (links open in new window)Top

News Item

Bahrain SWF moves Gulf Air ownership to govt Reuters It now competes with regional low-cost airlines such as Air Arabia AIRA.DU and Bahrain Air, as well as with the state-owned airlines of its richer Gulf Arab ... and more » More ...


News Item

RAK Airways faces new woes National ... and cash in on the aviation boom that Dubai and Sharjah have tapped into with their carriers, Emirates Airline and Air Arabia , respectively. ... More ...


News Item

Arabia spreads wings to Egypt National Air Arabia is ready to forge an Egyptian link as part of its expansion drive, expecting to carry 6 million passengers this year. Jeff Topping / The National ... and more » More ...


News Item

Budget airlines soar even higher National It was 2005 and the chief executive of Air Arabia , the Sharjah-based budget airline, was considering opening a route to the central Indian city of 2.4 ... and more » More ...


News Item

Weather affects aerial displays National Anatoly Tarasenko, 47, a Ukrainian pilot for Air Arabia , added: 'I was a little disappointed that the Saudi Hawks did not fly, but it didn't ruin the day ... and more » More ...


News Item

New budget hotels for capital National This had been helped by the expansion of low-cost carriers in the region, including Air Arabia and Jazeera Airways, Mr al Yousuf added. ... and more » More ...


News Item

Jazeera Airways plans purchase to expand National The low-cost airline aims to open services in markets that are underserved by existing budget airlines – a strategy similar to that of Air Arabia , ... and more » More ...


News Item

Dubai bourse ends six-day losing streak Emirates Business 24/7 Other active stocks, including DFM, DSI and Air Arabia , also advanced during the session in a narrow range. Speculators and daily traders remained in ... and more » More ...


News Item

Authority lifts ban on flights to Peshawar National Sharjah's Air Arabia was the first carrier to resume services on January 5, after a five-month hiatus, while Etihad Airways said it was still reviewing the ... More ...


News Item

Emirates Business 24/7 Airfares to rise in 2010: Etihad Emirates Business 24/7 ... cut airfares by about 30 per cent in 2009 – including Emirates, Jet Airways, Air Arabia – in order to boost the load factor in financially difficult ... 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 2009Q3 profit AED144m -33% 3 1297 28 Jan 10 10:06
« Templeton buying Air Arabia 1 12 17 Dec 09 10:40
Air Arabia's Cash Position 3 521 13 Dec 09 10:53
Air Arabia dividend 3 563 07 Dec 09 13:01
Air Arabia awards LCC 2009 0 232 07 Dec 09 12:00
Air Arabia Egypt third hub 0 443 10 Sep 09 15:34
Air Arabia 2009Q2 profit Dh90m +10% 2 642 09 Aug 09 19:50
Air Arabia Goldman Sachs rating Buy 0 522 09 Aug 09 13:58
Air Arabia declare 10% cash dividend 2 776 11 May 09 14:18
Air Arabia 2008Q4 profit AED136m +45% [page: 1, 2] 30 3707 10 May 09 12:52
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

Bahrain SWF moves Gulf Air ownership to govt Reuters It now competes with regional low-cost airlines such as Air Arabia AIRA.DU and Bahrain Air, as well as with the state-owned airlines of its richer Gulf Arab ... and more » More ...


News Item

RAK Airways faces new woes National ... and cash in on the aviation boom that Dubai and Sharjah have tapped into with their carriers, Emirates Airline and Air Arabia , respectively. ... More ...


News Item

Arabia spreads wings to Egypt National Air Arabia is ready to forge an Egyptian link as part of its expansion drive, expecting to carry 6 million passengers this year. Jeff Topping / The National ... and more » More ...


News Item

Budget airlines soar even higher National It was 2005 and the chief executive of Air Arabia , the Sharjah-based budget airline, was considering opening a route to the central Indian city of 2.4 ... and more » More ...


News Item

Weather affects aerial displays National Anatoly Tarasenko, 47, a Ukrainian pilot for Air Arabia , added: 'I was a little disappointed that the Saudi Hawks did not fly, but it didn't ruin the day ... and more » More ...


News Item

New budget hotels for capital National This had been helped by the expansion of low-cost carriers in the region, including Air Arabia and Jazeera Airways, Mr al Yousuf added. ... and more » More ...


News Item

Jazeera Airways plans purchase to expand National The low-cost airline aims to open services in markets that are underserved by existing budget airlines – a strategy similar to that of Air Arabia , ... and more » More ...


News Item

Dubai bourse ends six-day losing streak Emirates Business 24/7 Other active stocks, including DFM, DSI and Air Arabia , also advanced during the session in a narrow range. Speculators and daily traders remained in ... and more » More ...


News Item

Authority lifts ban on flights to Peshawar National Sharjah's Air Arabia was the first carrier to resume services on January 5, after a five-month hiatus, while Etihad Airways said it was still reviewing the ... More ...


News Item

Emirates Business 24/7 Airfares to rise in 2010: Etihad Emirates Business 24/7 ... cut airfares by about 30 per cent in 2009 – including Emirates, Jet Airways, Air Arabia – in order to boost the load factor in financially difficult ... 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.