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 Fly to Russia @ Dh1,700 return as Flydubai expands network Emirates 24/7 Related articles. Moscow welcomes first flydubai flight · Flydubai to expand network to Yekaterinburg · Flydubai expands Central Asia network to Almaty, Shymkent · A380 for Riyadh; flydubai, Air Arabia soar · Flydubai bolsters presence in Saudi Arabia. and more » More ...


News Item

Emirates 24/7 Sharjah airport records busiest quarter for passenger traffic in Q1 Emirates 24/7 Sharjah International Airport passenger traffic increased 6.11 per cent to 2.4 million during the first quarter of 2015 as compared to 2.25 million in the same period last year, helped by new airlines and the expansion of Air Arabia . A statement said that it was ... and more » More ...


News Item

Emirates 24/7 E24|7 Offer: Win a FREE stay at The Meydan Hotel Emirates 24/7 Emirates 24|7, your favourite lifestyle enhancing digital news provider, is bringing you a chance to win a FREE stay at one of Dubai's newest and most luxurious hotels – The Meydan Hotel. It's SIMPLE. All you need to do is to visit our Facebook Page and click ... More ...


News Item

Emaar AGM re-elects board, declares Dh1.074bn cash dividend Emirates 24/7 Related articles. New Emaar projects in Dubai this year · Emaar proposes 10% dividend · Emaar offers Dh8bn dividend · Air Arabia gives 7.25% dividend · DIB's 10% cash dividend approved. Sponsored: Make money while planning your next big investment ... and more » More ...


News Item

Man featured in 'lewd' Sharjah wedding video turns himself in The National According to Al Ittihad, The National's sister publication, Khalid Houria was arrested at Sharjah International Airport on-board an Air Arabia flight which had arrived from Oman. He is the first accused in the case, along with 10 others, nine of whom have now ... and more » More ...


News Item

Bloomberg Iran Watchers' Stock Buying Guide Is Loaded With Dubai Names Bloomberg Air Arabia PJSC (AIRARABI UH): The budget airline flies to Tehran, Abadan, Mashhad and Shiraz. As of April 1 and April 10 respectively, the carrier was due to start flights to Isfahan and Sanandaj. The stock fell 5.3 percent in the first quarter. 'The nuclear ... and more » More ...


News Item

Bloomberg Businessweek Middle East - Business news and analysis Iran Stock Watchers Eye Dubai Names Bloomberg Businessweek Middle East - Business news and analysis Air Arabia The budget airline flies to Tehran, Abadan, Mashhad and Shiraz. As of 1 April 1 and 10 April respectively, the carrier was due to start flights to Isfahan and Sanandaj. 'The nuclear deal is likely to have a big impact on Iran's tourism industry,” Helen ... and more » More ...


News Item

Bloomberg Dubai Piers Abuzz as Iranian Deal Fuels Hopes of New Trade Boom Bloomberg Few places are better located to benefit than the United Arab Emirates, Iran's second-biggest trading partner after China since 2009, data compiled by Bloomberg show. Investors signaled their enthusiasm on the first day of trading after the April 2 pact. Dubai's ... and more » More ...


News Item

Abraaj and TPG invest in Saudi food firm Kudu The National ... regional, sector and country-specific funds. TGP has made investments in companies that include Burger King, the retailer Debenhams and the technology firm Lenovo. Abraaj is an investor in Sharjah-based Air Arabia and the supermarket chain Spinneys. and more » More ...


News Item

Proxy investments could take the risk out of rushing into Iran The National The trade and logistics sector stands to gain immediately from the lifting of sanctions, so shares in Air Arabia , Aramex and DP World could be obvious beneficiaries. Arqaam recommends DP World 'to a lesser extent” than the other two, given that it is a global ... 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 Fly to Russia @ Dh1,700 return as Flydubai expands network Emirates 24/7 Related articles. Moscow welcomes first flydubai flight · Flydubai to expand network to Yekaterinburg · Flydubai expands Central Asia network to Almaty, Shymkent · A380 for Riyadh; flydubai, Air Arabia soar · Flydubai bolsters presence in Saudi Arabia. and more » More ...


News Item

Emirates 24/7 Sharjah airport records busiest quarter for passenger traffic in Q1 Emirates 24/7 Sharjah International Airport passenger traffic increased 6.11 per cent to 2.4 million during the first quarter of 2015 as compared to 2.25 million in the same period last year, helped by new airlines and the expansion of Air Arabia . A statement said that it was ... and more » More ...


News Item

Emirates 24/7 E24|7 Offer: Win a FREE stay at The Meydan Hotel Emirates 24/7 Emirates 24|7, your favourite lifestyle enhancing digital news provider, is bringing you a chance to win a FREE stay at one of Dubai's newest and most luxurious hotels – The Meydan Hotel. It's SIMPLE. All you need to do is to visit our Facebook Page and click ... More ...


News Item

Emaar AGM re-elects board, declares Dh1.074bn cash dividend Emirates 24/7 Related articles. New Emaar projects in Dubai this year · Emaar proposes 10% dividend · Emaar offers Dh8bn dividend · Air Arabia gives 7.25% dividend · DIB's 10% cash dividend approved. Sponsored: Make money while planning your next big investment ... and more » More ...


News Item

Man featured in 'lewd' Sharjah wedding video turns himself in The National According to Al Ittihad, The National's sister publication, Khalid Houria was arrested at Sharjah International Airport on-board an Air Arabia flight which had arrived from Oman. He is the first accused in the case, along with 10 others, nine of whom have now ... and more » More ...


News Item

Bloomberg Iran Watchers' Stock Buying Guide Is Loaded With Dubai Names Bloomberg Air Arabia PJSC (AIRARABI UH): The budget airline flies to Tehran, Abadan, Mashhad and Shiraz. As of April 1 and April 10 respectively, the carrier was due to start flights to Isfahan and Sanandaj. The stock fell 5.3 percent in the first quarter. 'The nuclear ... and more » More ...


News Item

Bloomberg Businessweek Middle East - Business news and analysis Iran Stock Watchers Eye Dubai Names Bloomberg Businessweek Middle East - Business news and analysis Air Arabia The budget airline flies to Tehran, Abadan, Mashhad and Shiraz. As of 1 April 1 and 10 April respectively, the carrier was due to start flights to Isfahan and Sanandaj. 'The nuclear deal is likely to have a big impact on Iran's tourism industry,” Helen ... and more » More ...


News Item

Bloomberg Dubai Piers Abuzz as Iranian Deal Fuels Hopes of New Trade Boom Bloomberg Few places are better located to benefit than the United Arab Emirates, Iran's second-biggest trading partner after China since 2009, data compiled by Bloomberg show. Investors signaled their enthusiasm on the first day of trading after the April 2 pact. Dubai's ... and more » More ...


News Item

Abraaj and TPG invest in Saudi food firm Kudu The National ... regional, sector and country-specific funds. TGP has made investments in companies that include Burger King, the retailer Debenhams and the technology firm Lenovo. Abraaj is an investor in Sharjah-based Air Arabia and the supermarket chain Spinneys. and more » More ...


News Item

Proxy investments could take the risk out of rushing into Iran The National The trade and logistics sector stands to gain immediately from the lifting of sanctions, so shares in Air Arabia , Aramex and DP World could be obvious beneficiaries. Arqaam recommends DP World 'to a lesser extent” than the other two, given that it is a global ... 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.