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

The National Ras Al Khaimah looks to Russia as tourism numbers slump The National Ras Al Khaimah tourism officials hope that Russian travellers will sustain the emirate's hospitality sector after a 43 per cent slump in overall visitors during the first half. About 330,048 people visited the emirate in the first half, down from 577,900 guests during ... and more » More ...


News Item

Emirates 24/7 Win iPhone, iPad Mini, Blackberry for FREE Emirates 24/7 Emirates 24|7, your favourite lifestyle enhancing digital news provider, is bringing you a chance to win an iPhone, iPad Mini and a BlackBerry phone this September. Whether it is for your kid going back to school or for yourself, the offer is totally FREE. and more » More ...


News Item

Flight deals take off for UAE residents: Delhi for Dh700, Karachi for Dh722 Emirates 24/7 Dh995 all-inclusive fare to Pakistan? Discounts in the air: Gulf carriers slash tickets · Indian expats, celebrate Diwali at home: Fly UAE to India for Dh149 · Flydubai 2-day sale begins with 20% discount · Flydubai, Air Arabia and Qatar Airways cut fares ... More ...


News Item

Emirates 24/7 Indian expats, celebrate Diwali at home: Fly UAE to India for Dh149 Emirates 24/7 It's back-to-discounts time for UAE residents. Just a few days after Dubai's Emirates and flyDubai, and Abu Dhabi's Etihad announced special fares for those planning to travel now, Sharjah's budget carrier Air Arabia joins the discounted airfare bandwagon ... More ...


News Item

The National Air Arabia awaits approval of flights to India from Ras Al Khaimah The National Air Arabia is still waiting for approvals to fly to India from Ras Al Khaimah following the closure of RAK Airways, which had operated to the country until last year. But that is not stopping the region's biggest low-cost carrier from expanding elsewhere in south ... and more » More ...


News Item

Air Arabia to Chittagong from Ras Al Khaimah Emirates 24/7 Chittagong, Bangladesh's second-largest city with a population of over 6.5 million, is located on the country's coastline and becomes the 98th destination serviced by Air Arabia worldwide and second in Bangladesh; the airline currently runs 14 flights to Dhaka ... 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

The National Ras Al Khaimah looks to Russia as tourism numbers slump The National Ras Al Khaimah tourism officials hope that Russian travellers will sustain the emirate's hospitality sector after a 43 per cent slump in overall visitors during the first half. About 330,048 people visited the emirate in the first half, down from 577,900 guests during ... and more » More ...


News Item

Emirates 24/7 Win iPhone, iPad Mini, Blackberry for FREE Emirates 24/7 Emirates 24|7, your favourite lifestyle enhancing digital news provider, is bringing you a chance to win an iPhone, iPad Mini and a BlackBerry phone this September. Whether it is for your kid going back to school or for yourself, the offer is totally FREE. and more » More ...


News Item

Flight deals take off for UAE residents: Delhi for Dh700, Karachi for Dh722 Emirates 24/7 Dh995 all-inclusive fare to Pakistan? Discounts in the air: Gulf carriers slash tickets · Indian expats, celebrate Diwali at home: Fly UAE to India for Dh149 · Flydubai 2-day sale begins with 20% discount · Flydubai, Air Arabia and Qatar Airways cut fares ... More ...


News Item

Emirates 24/7 Indian expats, celebrate Diwali at home: Fly UAE to India for Dh149 Emirates 24/7 It's back-to-discounts time for UAE residents. Just a few days after Dubai's Emirates and flyDubai, and Abu Dhabi's Etihad announced special fares for those planning to travel now, Sharjah's budget carrier Air Arabia joins the discounted airfare bandwagon ... More ...


News Item

The National Air Arabia awaits approval of flights to India from Ras Al Khaimah The National Air Arabia is still waiting for approvals to fly to India from Ras Al Khaimah following the closure of RAK Airways, which had operated to the country until last year. But that is not stopping the region's biggest low-cost carrier from expanding elsewhere in south ... and more » More ...


News Item

Air Arabia to Chittagong from Ras Al Khaimah Emirates 24/7 Chittagong, Bangladesh's second-largest city with a population of over 6.5 million, is located on the country's coastline and becomes the 98th destination serviced by Air Arabia worldwide and second in Bangladesh; the airline currently runs 14 flights to Dhaka ... 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.