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 2013 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 2013 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


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AIRARABIA latest news (links open in new window)Top

News Item

Abraaj takes stake in Algerian logistics firm La Flèche Bleue Algérienne The National Abraaj Group, the Middle East's largest private equity firm, has acquired a stake in Algeria's biggest logistics firm, La Flèche Bleue Algérienne (FBA), its first investment in the North African country, the Dubai-based firm said. Abraaj did not disclose the size of... and more More ...


News Item

Abraaj sells stake in regional health diagnostics firm The National Abraaj has increased its offer to buy Bisco to 926.67 million Egyptian pounds (Dh476.8m) from about 850m Egyptian pounds. Abraaj owns stakes in other high profile firms including Egypt's Orascom Construction, the Sharjah-based low-cost carrier Air Arabia ... More ...


News Item

The National Stormy week ahead for UAE markets as oil plunge continues The National 'With oil prices falling there has to be a lot of reassessing going on,” Marshall Front, the chairman of Front Barnett Associates told Bloomberg News. He described last week's ... Air Arabia has been doing well because lower oil prices are good for its business. More ...


News Item

Emirates 24/7 Click to take virtual tour of UAE's 10 most popular destinations in 2014 Emirates 24/7 The report forecast an increase in the number of tourists to the UAE in the coming years thanks to its modern infrastructure and facilities, stability, strong economy and the surge in operations by its carriers Etihad, Emirates, FlyDubai and Air Arabia . Take a... and more More ...


News Item

GCC airspace proves growing worry The National Sharjah-based Air Arabia expects to have 100 aircraft by 2022. 'We have issues with the management of the airspace,” the Qatar Airways chief executive Akbar Al Baker said at the Arab Air Carriers Organisation conference in Dubai last month. 'Making... More ...


News Item

MIDEAST STOCKS-Dubai leads losses as oil drags Gulf down Reuters But Air Arabia rises, set to benefit from cheap oil. * Oman's bourse stabilises after sharp drop. * Egypt extends gains on positive news flow. By Olzhas Auyezov. DUBAI, Dec 8 ( Reuters ) - Most stock markets in the Gulf fell on Monday after oil prices sank to new... and more More ...


News Item

UAE stock market indexes slump as oil hits five-year low The National So you have stocks like Air Arabia , RAKbank. These are among two we like that have decent dividend yields.” Dubai Islamic Bank, the biggest Sharia-compliant lender in Dubai, fell 2.1 per cent to Dh6.9 while National Central Cooling or Tabreed shed 3.7 per... and more More ...


News Item

Ibdar Bank, Ethiopian Airlines close $100mln Islamic financing deal Reuters Africa Dec 1 ( Reuters ) - Bahrain-based Ibdar Bank has closed a $100 million deal with Ethiopian Airlines for the lease of four Bombardier Q400 NextGen planes, the first sharia-compliant transaction in Africa's aviation sector, the Islamic lender said on Monday. Under the 12-year deal, Ibdar will lease the ... Last month, Dubai Islamic Bank and Air Arabia signed a $230 million Islamic financing deal to cover the purchase of six new Airbus A320 aircraft in 2015 by the budget airline. (Reporting by Bernardo Vizcaino; Editing by... and more More ...


News Item

The National Travelling alone in Iran - simple, safe and cheap The National The flights Air Arabia (www.airarabia.com) flies from Sharjah to Shiraz from Dh700 return, including taxes. FlyDubai (www.flydubai.com) flies from Dubai to Tehran from Dh1,000 return, including taxes. The accommodation Shiraz: Niayesh Boutique Hotel... More ...


News Item

Bloomberg FlyDubai Follows Emirates as Airline Sukuk Demand Growing Bloomberg 'Bank interest rates are very favorable and we find it's the cheapest way of financing airplanes at the moment,” Air Arabia (AIRARABI) Chief Executive Officer Adel Ali said in an interview in London Nov. 24. 'If the circumstances change and we found sukuk or... and more More ...


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

AIRARABIA opinion, news, reports, researchTop


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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

Abraaj takes stake in Algerian logistics firm La Flèche Bleue Algérienne The National Abraaj Group, the Middle East's largest private equity firm, has acquired a stake in Algeria's biggest logistics firm, La Flèche Bleue Algérienne (FBA), its first investment in the North African country, the Dubai-based firm said. Abraaj did not disclose the size of... and more More ...


News Item

Abraaj sells stake in regional health diagnostics firm The National Abraaj has increased its offer to buy Bisco to 926.67 million Egyptian pounds (Dh476.8m) from about 850m Egyptian pounds. Abraaj owns stakes in other high profile firms including Egypt's Orascom Construction, the Sharjah-based low-cost carrier Air Arabia ... More ...


News Item

The National Stormy week ahead for UAE markets as oil plunge continues The National 'With oil prices falling there has to be a lot of reassessing going on,” Marshall Front, the chairman of Front Barnett Associates told Bloomberg News. He described last week's ... Air Arabia has been doing well because lower oil prices are good for its business. More ...


News Item

Emirates 24/7 Click to take virtual tour of UAE's 10 most popular destinations in 2014 Emirates 24/7 The report forecast an increase in the number of tourists to the UAE in the coming years thanks to its modern infrastructure and facilities, stability, strong economy and the surge in operations by its carriers Etihad, Emirates, FlyDubai and Air Arabia . Take a... and more More ...


News Item

GCC airspace proves growing worry The National Sharjah-based Air Arabia expects to have 100 aircraft by 2022. 'We have issues with the management of the airspace,” the Qatar Airways chief executive Akbar Al Baker said at the Arab Air Carriers Organisation conference in Dubai last month. 'Making... More ...


News Item

MIDEAST STOCKS-Dubai leads losses as oil drags Gulf down Reuters But Air Arabia rises, set to benefit from cheap oil. * Oman's bourse stabilises after sharp drop. * Egypt extends gains on positive news flow. By Olzhas Auyezov. DUBAI, Dec 8 ( Reuters ) - Most stock markets in the Gulf fell on Monday after oil prices sank to new... and more More ...


News Item

UAE stock market indexes slump as oil hits five-year low The National So you have stocks like Air Arabia , RAKbank. These are among two we like that have decent dividend yields.” Dubai Islamic Bank, the biggest Sharia-compliant lender in Dubai, fell 2.1 per cent to Dh6.9 while National Central Cooling or Tabreed shed 3.7 per... and more More ...


News Item

Ibdar Bank, Ethiopian Airlines close $100mln Islamic financing deal Reuters Africa Dec 1 ( Reuters ) - Bahrain-based Ibdar Bank has closed a $100 million deal with Ethiopian Airlines for the lease of four Bombardier Q400 NextGen planes, the first sharia-compliant transaction in Africa's aviation sector, the Islamic lender said on Monday. Under the 12-year deal, Ibdar will lease the ... Last month, Dubai Islamic Bank and Air Arabia signed a $230 million Islamic financing deal to cover the purchase of six new Airbus A320 aircraft in 2015 by the budget airline. (Reporting by Bernardo Vizcaino; Editing by... and more More ...


News Item

The National Travelling alone in Iran - simple, safe and cheap The National The flights Air Arabia (www.airarabia.com) flies from Sharjah to Shiraz from Dh700 return, including taxes. FlyDubai (www.flydubai.com) flies from Dubai to Tehran from Dh1,000 return, including taxes. The accommodation Shiraz: Niayesh Boutique Hotel... More ...


News Item

Bloomberg FlyDubai Follows Emirates as Airline Sukuk Demand Growing Bloomberg 'Bank interest rates are very favorable and we find it's the cheapest way of financing airplanes at the moment,” Air Arabia (AIRARABI) Chief Executive Officer Adel Ali said in an interview in London Nov. 24. 'If the circumstances change and we found sukuk or... 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.