Emirates Business 24/7 Deyaar postpones Dh500m property fund's closure Emirates Business 24/7 Deyaar Development has delayed the closing of its Dh500 million property opportunities fund to the second quarter of 2010 after foreign investors opted out ... and more » More ...
Deyaar postpones plans for fund to acquire distressed properties National Deyaar Development had hoped to raise Dh500m for the fund, which was launched last summer to buy distressed properties from its own portfolio as well as ... and more » More ...
Aldar invites project partners National Developers in Dubai, including Deyaar Development, have also created joint ventures to help weather the slowdown. What could come next are more joint ... and more » More ...
National Bonds flagship a year late National Deyaar Development, a proper developer that is managing the construction of National Bonds' property projects, said last week the apartments would be ... More ...
Emirates Business 24/7 Court denies bail to main accused in Deyaar case Emirates Business 24/7 The main accused in a new case of financial irregularities in real estate developer, Deyaar , was denied bail by the Dubai Criminal Court yesterday. ... and more » More ...
UAE office workers waste 13 million days on tea and gossip Emirates Business 24/7 New research shows that office workers in the UAE spend considerable time engaged in non-work-related activites while at their desks. ... and more » More ...
Emirates Business 24/7 Two new charges in Deyaar case Emirates Business 24/7 Two new charges should be added to the list of offences committed by the first defendant in the Deyaar -2 case, Deyaar 's lawyers argued yesterday. ... More ...
Dubai stocks tumble on Obama plan National Other property companies also recorded declines yesterday, with Union Properties and Deyaar Properties both falling by more than 7 per cent. ... and more » More ...
UAE shares resume fall National Companies related to the property sector such as Arabtec, Emaar and Deyaar were among the losers yesterday. Jeffrey E Biteng / The National DUBAI // Stocks ... More ...
Emirates Business 24/7 Deyaar case deferred Emirates Business 24/7 A new corruption case related to real estate developer Deyaar was adjourned to February 3 by the Dubai Criminal Court yesterday as Mohammed Mustafa Hussein, ... More ...
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.
Emirates Business 24/7 Deyaar postpones Dh500m property fund's closure Emirates Business 24/7 Deyaar Development has delayed the closing of its Dh500 million property opportunities fund to the second quarter of 2010 after foreign investors opted out ... and more » More ...
Deyaar postpones plans for fund to acquire distressed properties National Deyaar Development had hoped to raise Dh500m for the fund, which was launched last summer to buy distressed properties from its own portfolio as well as ... and more » More ...
Aldar invites project partners National Developers in Dubai, including Deyaar Development, have also created joint ventures to help weather the slowdown. What could come next are more joint ... and more » More ...
National Bonds flagship a year late National Deyaar Development, a proper developer that is managing the construction of National Bonds' property projects, said last week the apartments would be ... More ...
Emirates Business 24/7 Court denies bail to main accused in Deyaar case Emirates Business 24/7 The main accused in a new case of financial irregularities in real estate developer, Deyaar , was denied bail by the Dubai Criminal Court yesterday. ... and more » More ...
UAE office workers waste 13 million days on tea and gossip Emirates Business 24/7 New research shows that office workers in the UAE spend considerable time engaged in non-work-related activites while at their desks. ... and more » More ...
Emirates Business 24/7 Two new charges in Deyaar case Emirates Business 24/7 Two new charges should be added to the list of offences committed by the first defendant in the Deyaar -2 case, Deyaar 's lawyers argued yesterday. ... More ...
Dubai stocks tumble on Obama plan National Other property companies also recorded declines yesterday, with Union Properties and Deyaar Properties both falling by more than 7 per cent. ... and more » More ...
UAE shares resume fall National Companies related to the property sector such as Arabtec, Emaar and Deyaar were among the losers yesterday. Jeffrey E Biteng / The National DUBAI // Stocks ... More ...
Emirates Business 24/7 Deyaar case deferred Emirates Business 24/7 A new corruption case related to real estate developer Deyaar was adjourned to February 3 by the Dubai Criminal Court yesterday as Mohammed Mustafa Hussein, ... More ...
Deyaar Development share capital, shares outstanding, AGM and dividend dates
22 March 2009 - Deyaar AGM, approved no dividends for 2008 FY?
31 December 2008 - AED 5.778 billion (5,778,000,000 shares outstanding,
par value 1 dh per share)
31 December 2007 - AED 5.778 billion (5,778,000,000 shares outstanding,
par value 1 dh per share)
2007 - 56% share dividend proposed for FY 2006
31 December 2006 - AED 1 billion (10 million shares par value 100 dhs each)
31 December 2005 - AED 500 million (500,000 shares par value 1000 dhs
each)
19 April 2005 - shareholders voted to increase share capital from AED
200 million to AED 500 million (300,000 additional shares par value 1000
dhs).
31 December 2004 - AED 20 million (20,000 shares par value 1,000 dhs each)
24 October 2002 - EGM resolution to increase share capital from AED 20
million to AED 200 million (an additional 180,000 shares of par value 1000
dhs added).
02 July 2009 - new Deyaar chairman
Abdulla Al Hamli is appointed as the new chairman of Deyaar Development. He is also CEO of Dubai Islamic Bank.
21 June 2009 - Deyaar chairman resigns
Naser Al Sheikh resigns from the post of Deyaar chairman.
17 August 2008 - new Deyaar CEO
Markus Giebel is appointed CEO of Deyaar, replacing Zack Shahin who was arrested in February 2008 on allegations of fraud. Adnan Tareen was acting CEO in the intervening period.
29 March 2008
HE Nasser Bin Hassan Al-Shaikh replaced HE Dr Mohammed Khalfan Bin Kharbash as chairman of Deyaar.
The vice chairman, HE Sultan Saeed Al-Mansoori, also resigned, and was replaced by HE Khalid Mohammad Ali Al-Kamda.
23 August 2007
Foreign ownership is limited to GCC nationals according to
the prospectus.
Chairman is also UAE Minister of Finance and Industry, and chairman of
Dubai Islamic Bank (DIB).
Deyaar's dividend policy is to pay out 25% of earnings for the year, subject
to various "get-out" caveats (information from the Deyaar prospectus).
Deyaar announced today that it would list on the Dubai
Financial Market (DFM) on Wednesday 05 September 2007. If Deyaar shares
float at anything less than 1.50 dhs, they could be seen as at an attractive
price. Between 1.50 and 2.00 dhs is reasonable and may still be
worth buying depending on market conditions, over 2 dhs per share they
don't look like such good value based on growth and profit forecasts currently
available.
EPS forecasts from Shuaa Capital (SHUAA) are AED 0.09 for 2007, rising
to AED 0.21 for 2011.
Deyaar Development PJSC links for further reading
Deyaar listing - discussion and survey of possible float price
DEYAAR - 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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