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

Emirates 24/7 Qannas exits two Dubai investments, pays dividend Emirates 24/7 Qannas Investments Limited (Qil), a closed-ended investment company managed by ADCM Ltd, the investment arm of Abu Dhabi Financial Group (ADFG), on Tuesday announced dividend after strong performance during the six months ended on June 30, ... and more » More ...


News Item

Waha Capital gets nod for share buyback Emirates 24/7 Abu Dhabi-listed investment firm Waha Capital has secured regulatory approval to buy back up to 10 per cent of its outstanding shares, the company said in a bourse filing on Tuesday without disclosing the price it would offer. Waha said last month the ... and more » More ...


News Item

Aramex aiming for 2 acquisitions Emirates 24/7 Dubai-listed logistics firm Aramex is targeting at least two acquisitions in 2015 as part of the company growth strategy, its founder and vice-chairman said on Monday. We are going to grow through acquisitions, we are going to acquire next year and will be ... and more » More ...


News Item

The National Saudia ready to join the wave of Arabian Gulf IPOs The National The ongoing boom in Arabian Gulf initial public offerings looks likely to continue for some time to come as companies look to cash in on a booming stock market. On Monday, Saudi Arabian Airlines, or Saudia, said that it was planning to raise a total of about ... and more » More ...


News Item

The National Air Arabia weighs up expansion of Egyptian and Moroccan hubs The National The budget carrier Air Arabia is considering growing its Egyptian and Moroccan hubs as its business in the two countries continues to improve. 'This year Egypt made a good profit for us,ā€¯ said Adel Ali, the chief executive of Air Arabia . 'We are very optimistic ... and more » More ...


News Item

The National Etihad and Alitalia unveil Airbus A330s in Milan to highlight Expo 2015 The National Etihad and Alitalia unveiled two Airbus A330-200 aircraft in Milan on Monday to showcase Expo 2015, which will be hosted by the city. But the celebrations at Malpensa Airport contrasted sharply with a less festive mood elsewhere in Europe's aviation sector ... and more » More ...


News Item

The National Germany's Lufthansa cuts Abu Dhabi flight The National The German airline Lufthansa said on Thursday that it would stop its daily flights between Frankfurt and Abu Dhabi amid growing competition from Arabian Gulf carriers. 'Substantial capacity has arisen in recent years ... and more » More ...


News Item

The National Lend a helping hand on holiday The National The flight: Air Arabia (www.airarabia.com) offers direct return flights from Sharjah to Kathmandu from Dh1,200, including tax. The flight takes three-and-a-half hours. The hotel: International Volunteer HQ (IVHQ; www.volunteerhq.org) volunteer programmes ... and more » More ...


News Item

Return fares to 37 places from Dh599 all-inclusive Emirates 24/7 The latest offer in the skies is from budget carrier Air Arabia , with the airline offering return fares to 37 destinations starting from Dh599 and this is all-inclusive so there are no last minutes add-ons as you finalise the booking. You can take advantage of this ... More ...


News Item

WEF's Global Growth Companies: 3 UAE firms on list Emirates 24/7 Three UAE companies, Bayt.com Inc, Al Hilal Bank and Air Arabia feature in the list of 28 Global Growth Companies (GGCs) in Europe, Eurasia and the Middle East by the World Economic Forum. Other firms that make it to the list from the region (Middle East) ... 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

Emirates 24/7 Qannas exits two Dubai investments, pays dividend Emirates 24/7 Qannas Investments Limited (Qil), a closed-ended investment company managed by ADCM Ltd, the investment arm of Abu Dhabi Financial Group (ADFG), on Tuesday announced dividend after strong performance during the six months ended on June 30, ... and more » More ...


News Item

Waha Capital gets nod for share buyback Emirates 24/7 Abu Dhabi-listed investment firm Waha Capital has secured regulatory approval to buy back up to 10 per cent of its outstanding shares, the company said in a bourse filing on Tuesday without disclosing the price it would offer. Waha said last month the ... and more » More ...


News Item

Aramex aiming for 2 acquisitions Emirates 24/7 Dubai-listed logistics firm Aramex is targeting at least two acquisitions in 2015 as part of the company growth strategy, its founder and vice-chairman said on Monday. We are going to grow through acquisitions, we are going to acquire next year and will be ... and more » More ...


News Item

The National Saudia ready to join the wave of Arabian Gulf IPOs The National The ongoing boom in Arabian Gulf initial public offerings looks likely to continue for some time to come as companies look to cash in on a booming stock market. On Monday, Saudi Arabian Airlines, or Saudia, said that it was planning to raise a total of about ... and more » More ...


News Item

The National Air Arabia weighs up expansion of Egyptian and Moroccan hubs The National The budget carrier Air Arabia is considering growing its Egyptian and Moroccan hubs as its business in the two countries continues to improve. 'This year Egypt made a good profit for us,ā€¯ said Adel Ali, the chief executive of Air Arabia . 'We are very optimistic ... and more » More ...


News Item

The National Etihad and Alitalia unveil Airbus A330s in Milan to highlight Expo 2015 The National Etihad and Alitalia unveiled two Airbus A330-200 aircraft in Milan on Monday to showcase Expo 2015, which will be hosted by the city. But the celebrations at Malpensa Airport contrasted sharply with a less festive mood elsewhere in Europe's aviation sector ... and more » More ...


News Item

The National Germany's Lufthansa cuts Abu Dhabi flight The National The German airline Lufthansa said on Thursday that it would stop its daily flights between Frankfurt and Abu Dhabi amid growing competition from Arabian Gulf carriers. 'Substantial capacity has arisen in recent years ... and more » More ...


News Item

The National Lend a helping hand on holiday The National The flight: Air Arabia (www.airarabia.com) offers direct return flights from Sharjah to Kathmandu from Dh1,200, including tax. The flight takes three-and-a-half hours. The hotel: International Volunteer HQ (IVHQ; www.volunteerhq.org) volunteer programmes ... and more » More ...


News Item

Return fares to 37 places from Dh599 all-inclusive Emirates 24/7 The latest offer in the skies is from budget carrier Air Arabia , with the airline offering return fares to 37 destinations starting from Dh599 and this is all-inclusive so there are no last minutes add-ons as you finalise the booking. You can take advantage of this ... More ...


News Item

WEF's Global Growth Companies: 3 UAE firms on list Emirates 24/7 Three UAE companies, Bayt.com Inc, Al Hilal Bank and Air Arabia feature in the list of 28 Global Growth Companies (GGCs) in Europe, Eurasia and the Middle East by the World Economic Forum. Other firms that make it to the list from the region (Middle East) ... 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.