AIRARABIA latest news (links open in new window)Top
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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).
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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