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

Dad fights with mom, stabs infant; mob kills him Emirates 24/7 Missing Malaysian MH370 update: Cyclone versus military sea-power on show · Diego Garcia and MH370 conspiracy of a 'lost' island in middle of it all · Hot Air Arabia 2-day offer: Dh449 return, all-inclusive · Emirates to receive jobseekers this week ... More ...


News Item

Facebook 'Friends' can track your precise location Emirates 24/7 Call it yet another attempt at intruding your privacy or a great way to advance social meet ups. Facebook has rolled out a new feature where your friends are notified when you are nearby or vice versa – enabling friends to catch up for a coffee or even watch a ... More ...


News Item

Worse than Titanic? Korean kids drowned because they couldn't reach lifeboats Emirates 24/7 Read; Emailed; Commented. 68,000 applicants for 2 jobs; but today you could join DDF · Missing Malaysian MH370 update: Cyclone versus military sea-power on show · Hot Air Arabia 2-day offer: Dh449 return, all-inclusive · Emirates to receive jobseekers ... More ...


News Item

Missing Malaysian MH370 update: Cyclone versus military sea-power on show Emirates 24/7 Australian officials supervising the search for missing Malaysia Airlines Flight MH370 told Reuters on Saturday that an underwater search for the black box recorder based on pings possibly from the device could be completed in five to seven days. More ...


News Item

Missing Malaysian MH370 latest: Search is in wrong area? Emirates 24/7 Hot Air Arabia 2-day offer: Dh449 return, all-inclusive · Missing Malaysia Airline flight MH370 latest update: Cyclone versus military sea-power on show · Emirates to meet jobseekers this week · New bottled drinking water rules for UAE from October 1 ... More ...


News Item

Militants kill 3 before voting in India's Kashmir Emirates 24/7 Two village headmen are among three persons killed ahead of polls in South Kashmir's Anantnag constituency tonight, Deputy Superintendent of Police Pervaiz Ahmad told Reuters . Village headman Mohammad Anwar Sheikh of Amlar Tral was killed at ... More ...


News Item

Your chance to live in San Francisco-inspired Dubai locale Emirates 24/7 ... flight MH370 latest update: Cyclone versus military sea-power on show · 5-year-old girl in coma after nearly drowning in RAK resort pool · 68,000 applicants, only 2 jobs; but today you could join DDF · Hot Air Arabia 2-day offer: Dh449 return, all-inclusive ... More ...


News Item

Baby weighing 6kg born in Saudi Emirates 24/7 A Saudi mother gave birth to a baby girl weighing six kg and doctors said it was one of the highest weights for a newborn to be recorded in the Gulf kingdom. The woman underwent a Caesarian operation at the hospital in the northern town of Tabuk after she ... More ...


News Item

Revealed: Heart-breaking last words of boy on South Korean ferry: 'Do you ... Emirates 24/7 That call was forwarded to the coastguard two minutes later and was followed by about 20 others to the fire brigade, a fire station officer told Reuters . The first call as the ferry began sinking on Wednesday was from a boy whose voice was shaking and ... More ...


News Item

Car plows through wall of church before concert Emirates 24/7 In this photo taken April 20, 2014, a member of the Fort Myers Police Department investigates the scene of a vehicle accident at Second Hatian Baptist Church in Fort Myers, Fla. A car slammed into a church just as its annual Easter concert was about to begin, ... 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

Dad fights with mom, stabs infant; mob kills him Emirates 24/7 Missing Malaysian MH370 update: Cyclone versus military sea-power on show · Diego Garcia and MH370 conspiracy of a 'lost' island in middle of it all · Hot Air Arabia 2-day offer: Dh449 return, all-inclusive · Emirates to receive jobseekers this week ... More ...


News Item

Facebook 'Friends' can track your precise location Emirates 24/7 Call it yet another attempt at intruding your privacy or a great way to advance social meet ups. Facebook has rolled out a new feature where your friends are notified when you are nearby or vice versa – enabling friends to catch up for a coffee or even watch a ... More ...


News Item

Worse than Titanic? Korean kids drowned because they couldn't reach lifeboats Emirates 24/7 Read; Emailed; Commented. 68,000 applicants for 2 jobs; but today you could join DDF · Missing Malaysian MH370 update: Cyclone versus military sea-power on show · Hot Air Arabia 2-day offer: Dh449 return, all-inclusive · Emirates to receive jobseekers ... More ...


News Item

Missing Malaysian MH370 update: Cyclone versus military sea-power on show Emirates 24/7 Australian officials supervising the search for missing Malaysia Airlines Flight MH370 told Reuters on Saturday that an underwater search for the black box recorder based on pings possibly from the device could be completed in five to seven days. More ...


News Item

Missing Malaysian MH370 latest: Search is in wrong area? Emirates 24/7 Hot Air Arabia 2-day offer: Dh449 return, all-inclusive · Missing Malaysia Airline flight MH370 latest update: Cyclone versus military sea-power on show · Emirates to meet jobseekers this week · New bottled drinking water rules for UAE from October 1 ... More ...


News Item

Militants kill 3 before voting in India's Kashmir Emirates 24/7 Two village headmen are among three persons killed ahead of polls in South Kashmir's Anantnag constituency tonight, Deputy Superintendent of Police Pervaiz Ahmad told Reuters . Village headman Mohammad Anwar Sheikh of Amlar Tral was killed at ... More ...


News Item

Your chance to live in San Francisco-inspired Dubai locale Emirates 24/7 ... flight MH370 latest update: Cyclone versus military sea-power on show · 5-year-old girl in coma after nearly drowning in RAK resort pool · 68,000 applicants, only 2 jobs; but today you could join DDF · Hot Air Arabia 2-day offer: Dh449 return, all-inclusive ... More ...


News Item

Baby weighing 6kg born in Saudi Emirates 24/7 A Saudi mother gave birth to a baby girl weighing six kg and doctors said it was one of the highest weights for a newborn to be recorded in the Gulf kingdom. The woman underwent a Caesarian operation at the hospital in the northern town of Tabuk after she ... More ...


News Item

Revealed: Heart-breaking last words of boy on South Korean ferry: 'Do you ... Emirates 24/7 That call was forwarded to the coastguard two minutes later and was followed by about 20 others to the fire brigade, a fire station officer told Reuters . The first call as the ferry began sinking on Wednesday was from a boy whose voice was shaking and ... More ...


News Item

Car plows through wall of church before concert Emirates 24/7 In this photo taken April 20, 2014, a member of the Fort Myers Police Department investigates the scene of a vehicle accident at Second Hatian Baptist Church in Fort Myers, Fla. A car slammed into a church just as its annual Easter concert was about to begin, ... 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.