AIRARABIA latest news (links open in new window)Top
Weak volumes hit markets National Air Arabia added 0.2 per cent to close at 80 fils, while Ajman Bank fell 1.9 per cent to 75 fils. Qatar's index added 0.3 per cent to close at 7218.52, ... and more » More ...
To Russia with love for budget carrier flydubai National The flydubai expansion into the Russian market follows Air Arabia , based in Sharjah, which opened a low-cost flight to the city of Samara last year. ... and more » More ...
Kuwait's Jazeera cancels premium on rights issue Reuters The carrier, which aims to fly 82 routes in the Middle East within the next five years, competes with United Arab Emirates-based Air Arabia (AIRA. ... and more » More ...
DFM volume at low for year National Emaar Properties and Air Arabia were also among the biggest decliners as each fell by nearly 1 per cent. The DFM General Index ended the day down by almost ... and more » More ...
Takeover talk rises as Sama Airlines taxis to standstill National A spokesman at Air Arabia , based in Sharjah, declined to comment because: 'These are all rumours and we don't comment on rumours. ... and more » More ...
Vijayanagara: the empire remains National Return flights from Sharjah to Goa on Air Arabia www.airarabia.com cost from Dh1,098, including taxes. Return flights from Dubai to Bangalore on Emirates ... More ...
DP World shares on the up National Air Arabia was the most active stock on Dubai's bourse, declining 1 per cent to 79 fils yesterday. The carrier was downgraded to 'neutral” from 'outperform” ... and more » More ...
Markets show little movement National Air Arabia was the most active stock and lost 0.5 per cent to close at 80 fils. Emaar Properties, Dubai's largest developer, added 1.9 per cent to close at ... and more » More ...
Tough week comes to end National Air Arabia was the most actively traded equity, closing 2.5 per cent lower at 80 fils. The no-frills carrier, which is based in Sharjah, this week announced ... More ...
Oil prices prompt Air Arabia backers to bail National Investors are bailing out of Air Arabia as concerns about higher oil prices were aggravated by Sunday's announcement of weaker results than expected at the ... 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
Weak volumes hit markets National Air Arabia added 0.2 per cent to close at 80 fils, while Ajman Bank fell 1.9 per cent to 75 fils. Qatar's index added 0.3 per cent to close at 7218.52, ... and more » More ...
To Russia with love for budget carrier flydubai National The flydubai expansion into the Russian market follows Air Arabia , based in Sharjah, which opened a low-cost flight to the city of Samara last year. ... and more » More ...
Kuwait's Jazeera cancels premium on rights issue Reuters The carrier, which aims to fly 82 routes in the Middle East within the next five years, competes with United Arab Emirates-based Air Arabia (AIRA. ... and more » More ...
DFM volume at low for year National Emaar Properties and Air Arabia were also among the biggest decliners as each fell by nearly 1 per cent. The DFM General Index ended the day down by almost ... and more » More ...
Takeover talk rises as Sama Airlines taxis to standstill National A spokesman at Air Arabia , based in Sharjah, declined to comment because: 'These are all rumours and we don't comment on rumours. ... and more » More ...
Vijayanagara: the empire remains National Return flights from Sharjah to Goa on Air Arabia www.airarabia.com cost from Dh1,098, including taxes. Return flights from Dubai to Bangalore on Emirates ... More ...
DP World shares on the up National Air Arabia was the most active stock on Dubai's bourse, declining 1 per cent to 79 fils yesterday. The carrier was downgraded to 'neutral” from 'outperform” ... and more » More ...
Markets show little movement National Air Arabia was the most active stock and lost 0.5 per cent to close at 80 fils. Emaar Properties, Dubai's largest developer, added 1.9 per cent to close at ... and more » More ...
Tough week comes to end National Air Arabia was the most actively traded equity, closing 2.5 per cent lower at 80 fils. The no-frills carrier, which is based in Sharjah, this week announced ... More ...
Oil prices prompt Air Arabia backers to bail National Investors are bailing out of Air Arabia as concerns about higher oil prices were aggravated by Sunday's announcement of weaker results than expected at the ... 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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