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

Bloomberg Businessweek Middle East - Business news and analysis Airline Sukuk Takes Off Amid Growing Demand Bloomberg Businessweek Middle East - Business news and analysis 'Bank interest rates are very favourable and we find it's the cheapest way of financing airplanes at the moment,” says Air Arabia chief executive officer Adel Ali. 'If the circumstances change and we found sukuk or bonds more favourable, by all means ... and more » More ...


News Item

Bloomberg Businessweek Middle East - Business news and analysis 24 Hours In Istanbul Bloomberg Businessweek Middle East - Business news and analysis A brief walk from my hotel in Besiktas to Ortakoy's tiny cobbled streets and alleyways on the European shore of the Bosphorus landed me in an intimate setting reminiscent of Western Europe's finer cities. Far removed from the ancient style of ... 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 ... More ...


News Item

Bloomberg Businessweek Middle East - Business news and analysis Lifting Iran Sanctions a Boon for Trade with Dubai Bloomberg Businessweek Middle East - Business news and analysis 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 signalled their enthusiasm on the first day of trading after ... Other non ... More ...


News Item

Emirates 24/7 Dewa receives Dh1.2 billion bids for 25 substations Emirates 24/7 Dubai Electricity and Water Authority (Dewa) has received 18 bids for a long-term project to supply, install, test, and launch 25 substations. The 132kV substations will meet the growing demand in all areas of the Emirate. The project will fulfil the ... and more » More ...


News Item

Emirates 24/7 Dubai remains a 'very strong' market: NBF Emirates 24/7 National Bank of Fujairah (NBF) expects to outperform its rivals with double-digit loan growth in 2015 as buoyant demand in sectors such as trade finance, services, manufacturing and education offset slight softness in the infrastructure market, its ... and more » More ...


News Item

Latest gold and currency rates in UAE: Gold slides to one-week low Emirates 24/7 In other news, China is expected to receive approval from its central bank for a yuan-denominated gold fix anytime now , with more details about the scheme potentially set to emerge at a major industry conference this week, sources told Reuters . and more » More ...


News Item

Emirates 24/7 Latest gold and currency rates in UAE: Gold steadies after drop Emirates 24/7 Assets in SPDR Gold Trust, the top gold-backed ETF, are near their lowest since September 2008, though they did post a small jump in holdings on Monday to 705.48 tonnes, the first increase since May 26. Physical demand in top consuming region Asia has ... and more » More ...


News Item

Emirates 24/7 Air Arabia named best low-cost airline in Middle East Emirates 24/7 We are delighted to be once again named the region's top low-cost carrier, said Adel A. Ali, Group Chief Executive Officer of Air Arabia . Winning the Skytrax award is particularly pleasing as it is based on levels of customer satisfaction, which is ... and more » More ...


News Item

Emirates 24/7 Dubai consumer price index at 4.7% in May Emirates 24/7 Hundreds of jobs open up at NestlĂ©'s Dubai factory · Latest gold and currency rates in UAE: Gold slides to one-week low · ABN Amro fires employee in Dubai for misconduct · Emirates, Etihad, Flydubai, Gulf Air hiring… click for salaries · Air Arabia ... 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

Bloomberg Businessweek Middle East - Business news and analysis Airline Sukuk Takes Off Amid Growing Demand Bloomberg Businessweek Middle East - Business news and analysis 'Bank interest rates are very favourable and we find it's the cheapest way of financing airplanes at the moment,” says Air Arabia chief executive officer Adel Ali. 'If the circumstances change and we found sukuk or bonds more favourable, by all means ... and more » More ...


News Item

Bloomberg Businessweek Middle East - Business news and analysis 24 Hours In Istanbul Bloomberg Businessweek Middle East - Business news and analysis A brief walk from my hotel in Besiktas to Ortakoy's tiny cobbled streets and alleyways on the European shore of the Bosphorus landed me in an intimate setting reminiscent of Western Europe's finer cities. Far removed from the ancient style of ... 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 ... More ...


News Item

Bloomberg Businessweek Middle East - Business news and analysis Lifting Iran Sanctions a Boon for Trade with Dubai Bloomberg Businessweek Middle East - Business news and analysis 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 signalled their enthusiasm on the first day of trading after ... Other non ... More ...


News Item

Emirates 24/7 Dewa receives Dh1.2 billion bids for 25 substations Emirates 24/7 Dubai Electricity and Water Authority (Dewa) has received 18 bids for a long-term project to supply, install, test, and launch 25 substations. The 132kV substations will meet the growing demand in all areas of the Emirate. The project will fulfil the ... and more » More ...


News Item

Emirates 24/7 Dubai remains a 'very strong' market: NBF Emirates 24/7 National Bank of Fujairah (NBF) expects to outperform its rivals with double-digit loan growth in 2015 as buoyant demand in sectors such as trade finance, services, manufacturing and education offset slight softness in the infrastructure market, its ... and more » More ...


News Item

Latest gold and currency rates in UAE: Gold slides to one-week low Emirates 24/7 In other news, China is expected to receive approval from its central bank for a yuan-denominated gold fix anytime now , with more details about the scheme potentially set to emerge at a major industry conference this week, sources told Reuters . and more » More ...


News Item

Emirates 24/7 Latest gold and currency rates in UAE: Gold steadies after drop Emirates 24/7 Assets in SPDR Gold Trust, the top gold-backed ETF, are near their lowest since September 2008, though they did post a small jump in holdings on Monday to 705.48 tonnes, the first increase since May 26. Physical demand in top consuming region Asia has ... and more » More ...


News Item

Emirates 24/7 Air Arabia named best low-cost airline in Middle East Emirates 24/7 We are delighted to be once again named the region's top low-cost carrier, said Adel A. Ali, Group Chief Executive Officer of Air Arabia . Winning the Skytrax award is particularly pleasing as it is based on levels of customer satisfaction, which is ... and more » More ...


News Item

Emirates 24/7 Dubai consumer price index at 4.7% in May Emirates 24/7 Hundreds of jobs open up at NestlĂ©'s Dubai factory · Latest gold and currency rates in UAE: Gold slides to one-week low · ABN Amro fires employee in Dubai for misconduct · Emirates, Etihad, Flydubai, Gulf Air hiring… click for salaries · Air Arabia ... 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.