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

AIRARABIA Air Arabia forum  Replies   Views   Last Post 
Air Arabia 2008Q4 profit AED136m +45% 10 798 19 Feb 09 16:46
Air Arabia expansion plans 0 281 08 Jan 09 16:47
Air Arabia share prices suppose to fall 17 1942 27 Dec 08 19:58
Air Arabia buys 10 more A320s 0 178 12 Nov 08 17:11
Air Arabia 08Q3 profit Dh214m +30% 3 416 09 Nov 08 15:04
Air Arabia Maroc 1 412 04 Nov 08 16:13
AA purchase today very below 1.10 1 498 21 Oct 08 12:46
Trading Air Arabia 13 1826 14 Oct 08 14:25
Air Arabia starts Kiev flights 10 694 04 Oct 08 02:29
Air Arabia Morgan Stanley report 2 906 25 Aug 08 11:49

AIRARABIA latest news (links open in new window)Top

News Item

Emirates Airline to take Dh1 billion hit during Dubai airport runway upgrade The National Emirates Airline to take Dh1 billion hit during Dubai airport runway upgrade · Etihad signs interline agreement with Fiji Airways · Turkish Airlines has ambitious expansion plans · Etihad Airways revenues rise 27% in first quarter as network expands · Air Arabia  ... and more » More ...


News Item

Etihad signs interline agreement with Fiji Airways The National Etihad Airways and Fiji Airways have signed an agreement that will cement ties between the two carriers in the future. The interline agreement will allow each airline to sell seats for the other to facilitate easier travel and booking connections for passengers. and more » More ...


News Item

Turkish Airlines has ambitious expansion plans The National Turkish Airlines aims to almost double its aircraft fleet and hit US$24 billion in revenues by 2023, the company's chief executive said. It plans to increase the number of aircraft to 450 by 2023 from its current fleet of 267 aircraft. Speaking during a presentation ... and more » More ...


News Item

Australia rugby to test World Cup campaign on tour The National ... Dubai debt adviser Moelis will list on Wall Street · Sharjah rents rise as Dubai property crunch drive residents north · GE, Saudi Aramco launch contest to improve desalination technology · Air Arabia to launch flights from Ras Al Khaimah next month · Drake .... Australia rugby to test World Cup campaign on tour. Ewen McKenzie's Australia side will play five matches on five successive weekends, which includes clashes against World Cup Pool A opponents England and Wales. Reuters . April 16, 2014 Updated: April ... and more » More ...


News Item

Etihad signs agreement with Fiji Airways The National Etihad Airways and Fiji Airways have signed an agreement that will cement ties between the two carriers in the future. The interline agreement will allow each airline to sell seats for the other to facilitate easier travel and booking connections for passengers. More ...


News Item

Emirati unmarried women a 'burden' on the state? Not a chance The National The refusal of men to have more than one wife is creating 'a financial burden on the countryā€¯, according to one FNC member, who made a call to tackle the 'problemā€¯ of the growing number of unmarried women in the UAE. The FNC member in question ... More ...


News Item

Roberto Martinez says Everton has a winning mentality The National Roberto Martinez believes Everton's mentality can give them an advantage in the battle to qualify for the Uefa Champions League. Everton overtook Arsenal in fourth place with victory over Sunderland at the weekend to move into pole position with five games ... and more » More ...


News Item

Abu Dhabi set to emerge as cultural citadel as tourist numbers soar The National ABU DHABI // More tourists are flocking to Abu Dhabi from outside the region, which has been credited to the city's rising international profile. Figures from the Statistics Centre - Abu Dhabi, found that the number of hotel guests rose from 2.11 million to 2.38 ... and more » More ...


News Item

No words can describe this April 17, your captions will The National Have a catchy caption for our picture? Share it with us and we might publish it. The winner will also receive a free subscription to The National and a copy of The Entertainer. Send your caption to captioncontest@thenational.ae under the title Caption #3. and more » More ...


News Item

NBA: LA Clippers set club record with 57th win The National ... Sharjah rents rise as Dubai property crunch drive residents north · GE, Saudi Aramco launch contest to improve desalination technology · Air Arabia to launch flights from Ras Al Khaimah next month · Drake & Scull labour costs double in Saudi Arabia ... and more » More ...


Newsfeed from Google News. See also latest UAE market news.

AIRARABIA opinion, news, reports, researchTop

AIRARABIA Air Arabia forum  Replies   Views   Last Post 
Air Arabia 2008Q4 profit AED136m +45% 10 798 19 Feb 09 16:46
Air Arabia expansion plans 0 281 08 Jan 09 16:47
Air Arabia share prices suppose to fall 17 1942 27 Dec 08 19:58
Air Arabia buys 10 more A320s 0 178 12 Nov 08 17:11
Air Arabia 08Q3 profit Dh214m +30% 3 416 09 Nov 08 15:04
Air Arabia Maroc 1 412 04 Nov 08 16:13
AA purchase today very below 1.10 1 498 21 Oct 08 12:46
Trading Air Arabia 13 1826 14 Oct 08 14:25
Air Arabia starts Kiev flights 10 694 04 Oct 08 02:29
Air Arabia Morgan Stanley report 2 906 25 Aug 08 11:49
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 Airline to take Dh1 billion hit during Dubai airport runway upgrade The National Emirates Airline to take Dh1 billion hit during Dubai airport runway upgrade · Etihad signs interline agreement with Fiji Airways · Turkish Airlines has ambitious expansion plans · Etihad Airways revenues rise 27% in first quarter as network expands · Air Arabia  ... and more » More ...


News Item

Etihad signs interline agreement with Fiji Airways The National Etihad Airways and Fiji Airways have signed an agreement that will cement ties between the two carriers in the future. The interline agreement will allow each airline to sell seats for the other to facilitate easier travel and booking connections for passengers. and more » More ...


News Item

Turkish Airlines has ambitious expansion plans The National Turkish Airlines aims to almost double its aircraft fleet and hit US$24 billion in revenues by 2023, the company's chief executive said. It plans to increase the number of aircraft to 450 by 2023 from its current fleet of 267 aircraft. Speaking during a presentation ... and more » More ...


News Item

Australia rugby to test World Cup campaign on tour The National ... Dubai debt adviser Moelis will list on Wall Street · Sharjah rents rise as Dubai property crunch drive residents north · GE, Saudi Aramco launch contest to improve desalination technology · Air Arabia to launch flights from Ras Al Khaimah next month · Drake .... Australia rugby to test World Cup campaign on tour. Ewen McKenzie's Australia side will play five matches on five successive weekends, which includes clashes against World Cup Pool A opponents England and Wales. Reuters . April 16, 2014 Updated: April ... and more » More ...


News Item

Etihad signs agreement with Fiji Airways The National Etihad Airways and Fiji Airways have signed an agreement that will cement ties between the two carriers in the future. The interline agreement will allow each airline to sell seats for the other to facilitate easier travel and booking connections for passengers. More ...


News Item

Emirati unmarried women a 'burden' on the state? Not a chance The National The refusal of men to have more than one wife is creating 'a financial burden on the countryā€¯, according to one FNC member, who made a call to tackle the 'problemā€¯ of the growing number of unmarried women in the UAE. The FNC member in question ... More ...


News Item

Roberto Martinez says Everton has a winning mentality The National Roberto Martinez believes Everton's mentality can give them an advantage in the battle to qualify for the Uefa Champions League. Everton overtook Arsenal in fourth place with victory over Sunderland at the weekend to move into pole position with five games ... and more » More ...


News Item

Abu Dhabi set to emerge as cultural citadel as tourist numbers soar The National ABU DHABI // More tourists are flocking to Abu Dhabi from outside the region, which has been credited to the city's rising international profile. Figures from the Statistics Centre - Abu Dhabi, found that the number of hotel guests rose from 2.11 million to 2.38 ... and more » More ...


News Item

No words can describe this April 17, your captions will The National Have a catchy caption for our picture? Share it with us and we might publish it. The winner will also receive a free subscription to The National and a copy of The Entertainer. Send your caption to captioncontest@thenational.ae under the title Caption #3. and more » More ...


News Item

NBA: LA Clippers set club record with 57th win The National ... Sharjah rents rise as Dubai property crunch drive residents north · GE, Saudi Aramco launch contest to improve desalination technology · Air Arabia to launch flights from Ras Al Khaimah next month · Drake & Scull labour costs double in Saudi 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.