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Dubai Refreshment Company P.J.S.C.

DRC
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  • Market: DFM
  • Symbol: DRC
  • ISIN: AED000501018
  • Sector: Consumer Staples and Discretionary

Company Brief

Country of Origin: United Arab Emirates (U.A.E)

Dubai Refreshment (P.J.S.C.) (the “Company”) was incorporated in Dubai in 1959 by a Decree from Highness, The Ruler of Dubai

The Company is engaged in bottling and selling Pepsi Cola International products in Dubai, Sharjah and other Northern Emirates in the UAE. The Company also exports Pepsi Cola International products from time to time to foreign countries after obtaining authorization from Pepsi Cola International. The Company holds 7Up and Aquafina bottling and selling right for the whole of the UAE.

Key Facts

ESTABLISHED

Jan 1, 1959

AUDITOR

Ernst & Young

FISCAL YEAR END

DECEMBER

REGISTRAR

Dubai Refreshments Company

Board Members

CHAIRMAN

Mr. Ahmad Bin Eisa Bin Nasser Al Serkal

DEPUTY

Mr. Ali Humaid Ali Abdulla Al Owais

MEMBERS

Mr. Ibrahim A. Razak Ustadi
Mr. Abdullah AlHuraiz AlFalasi
Mr. Ayoub Mohamed Amin Kazim
Mr. Mohammed Hadi Ahmad Abdullah Al Husaini
Mr. Mohamed Abdulaziz Ali Abdalla Al Owais

Top Management

Chief Executive Officer

Mr. Tarek El Sakka

Vice President of Finance and Chief Financial Officer
Mr. Nassif Bazouzi

Director of Legal – Company Secretary
Mr. Karem Mahmoud

Equity Profile

DATE OF LISTING:

Jan 8, 2007

SECTOR:

Consumer Staples

AUTHORIZED CAPITAL:

90,000,000.00 AED

ISSUED SHARES:

90,000,000.00

PER VALUE SHARE:

1.00 AED

Contact Details

Head Office

Dubai

Address

Dubai Investment Park 2, Dubai - UAE  

Phone No.

+9714 8025000

Fax No.

+9714 8025098

Email address:

pepsi@pepsidrc.ae

Website

http://www.pepsidrc.com

Showing Last 10 Disclosures - DRC View all
DRC 06-04-2017 08:04 AM

Results of BOD meeting

1 File(s)
DRC 02-04-2017 08:42 AM

BOD meeting

1 File(s)
DRC 26-03-2017 08:49 AM

Results of BOD meeting

1 File(s)
DRC 26-03-2017 08:47 AM

Resolutions of General Assembly

1 File(s)
DRC 23-03-2017 02:21 AM

Resolutions of General Assembly

1 File(s)
DRC 19-03-2017 02:59 AM

BOD meeting

1 File(s)
DRC 12-03-2017 08:01 AM

Nominees for Board of Directors membership

1 File(s)
DRC 28-02-2017 08:55 AM

Opens the nominations for BOD membership

1 File(s)
DRC 28-02-2017 08:55 AM

Invitation of General Assembly

1 File(s)
DRC 19-02-2017 08:22 AM

Consolidated financial statements for the year 2016

1 File(s)
Showing Last 10 Issuer News - DRC View all
No data could be found.
Showing Last 10 Financial Reports - DRC View all
DRC 31-12-2016 02:34 AM

Financial statements for the year of 2016

1 File(s)
DRC 30-09-2016 11:54 AM

Financial statements for the 3rd QTR of 2016

1 File(s)
DRC 30-06-2016 12:58 AM

Financial statements for the 2nd QTR of 2016

1 File(s)
DRC 01-05-2016 12:06 AM

Financial statements for the 1st QTR of 2016

1 File(s)
DRC 31-03-2016 04:03 AM

Financial statements for the year of 2015

1 File(s)
DRC 12-11-2015 03:30 AM

Financial statements for the 3rd QTR of 2015

1 File(s)
DRC 10-08-2015 03:30 AM

Financial statements for the 2nd QTR of 2015

1 File(s)
DRC 10-05-2015 03:30 AM

Financial statements for the 1st QTR of 2015

1 File(s)
DRC 24-02-2015 04:00 AM

Financial statements for the year 2014

1 File(s)
DRC 09-11-2014 04:00 AM

Financial Statements for the 3rd QTR of 2014

1 File(s)
Showing Last 10 General Meetings - DRC View all
Meeting Date/TimeMar 23, 2017 04:30:00 PMType of MeetingGeneral Assembly
Net Profit/Loss118,058,000Cash Dividend70%
Bonus Share
Announcements/Resolutions

1.  Approve the report of the Company’s board of directors on the Company’s activities and itsfinancial position for the financial year ended on31/12/2016

2.   Approve the report of the Company’s auditor for the financial year ended on 31/12/2016

3.   Approve the Company’s budget and its profit and loss statement for the year ended 31/12/2016

4.   Approve the proposal of the Company’s board of directors concerning the distribution of dividends of the total amount of AED 63,000,000 at a percentage of 70% of the capital

5.   Discharge the Company’s board members of the liability for the financial year ended on31/12/2016

6.   Discharge the Company’s external auditors of the liability for the financial year ended on 31/12/2016

7    Consider the approval of the remunerations of Company's board members.

7.   Appoint the auditor for .the year 217and determine his fees.

8.  Elect the following candidates as members for the Board of Directors by uncontested elections.

Mr. Ahmad Bin Eisa Bin Naser Bin Abdellatif Al Serkal

Mr. Ali Humaid Ali Abdullah Al Owais

Mr. Ibrahim Abdulrazaq Mohamed Ustadi

    Mr. Mohamed Abdulaziz Ali Abdullah Al Owais

      Mr. Mohamed Hadi Ahmad Abdullah Al Hussaini

        Mr. Abdullah Mohamed Rashed AlHuraiz AlFalasi

          Dr. Ayoub Kazim

           

           

          Last Date For Dividend EntitlementWednesday, March 29, 2017Ex-Dividend DateThursday, March 30, 2017
          Register Closing (Settlement) DateSunday, April 02, 2017Trading Suspension Date
          Trading Resuming DateDividends Payment DateWednesday, April 19, 2017
          Payment EntityDubai Financial MarketMeeting VenueDubai Refreshment - Dubai Investment Park 2
          1 File(s)
          Meeting Date/TimeMar 17, 2016 04:30:00 PMType of MeetingAnnual General Meeting
          Net Profit/Loss148741000Cash Dividend63000000
          Bonus Share70
          Announcements/Resolutions

          1. Approve the report of the Company’sboard of directors on the Company’s activities and its financial position for the financial year ended on 31/12/2015.

          2. Approve the report of the Company’s auditor for the financial year ended on 31/12/2015.

          3. Approve the Company’s budget and its profit and loss statement for the year ended 31/12/2015.

          4. Consider the proposals of theCompany’s board of directors concerning the distribution of the total amount of 63,000,000 AED as dividends with a percentage of 70% of the Capital.

          5. Discharge the Company’s board members and its auditors of the liability for the financial year ended on 31/12/2015.

          6. Approve the remunerations of Company's board members as presented by the Board of Directors. 

          7. Re-appoint Ernst & Young as external auditor for the year 2016 and approve their fees.

          8. Approve by Special Resolution the amendment of the company’s articles of association to comply with the Federal Law 2/2015 as per the final version approved by Securities and Commodities Authority.


          Last Date For Dividend EntitlementWednesday, March 23, 2016Ex-Dividend DateThursday, March 24, 2016
          Register Closing (Settlement) DateSunday, March 27, 2016Trading Suspension Date
          Trading Resuming DateDividends Payment Date
          Payment EntityDubai Financial Market Meeting VenueJumeirah Beach Hotel, Dubai
          1 File(s)
          Meeting Date/TimeMar 19, 2015 04:00:00 PMType of MeetingAnnual General Meeting
          Net Profit/Loss140,337,000Cash Dividend65%
          Bonus Share
          Announcements/Resolutions

          1.       Review and approve the report of the Company’s board of directors on the Company’s activities and its financial position for the financial year ended on 31/12/2014.

          2.       Review and approve the report of the Company’s auditor for the financial year ended on 31/12/2014.

          3.       Discuss and approve the Company’s budget and its profit and loss statement for the year ended 31/12/2014.

          4.       Approve the proposal of the Company’s board of directors concerning the distribution of dividends of a percentage of65% the total amount of 58,500,000 AED.

          5.       Discharge the Company’s board members and its auditors of the liability for the financial year ended on 31/12/2014.

          6.       Approve the remunerations of Company's board members as proposed.

          7.       Appoint the auditor for the year 2015and determine his fees.

          Last Date For Dividend EntitlementWednesday, March 25, 2015Ex-Dividend DateThursday, March 26, 2015
          Register Closing (Settlement) DateSunday, March 29, 2015Trading Suspension Date
          Trading Resuming DateDividends Payment Date
          Payment EntityMeeting VenueMeydan Hotel Dubai
          1 File(s)
          Meeting Date/TimeFeb 26, 2012 05:00:00 PMType of MeetingExtraordinary Meeting
          Net Profit/LossAED 132,173,000Cash Dividend
          Bonus Share
          Announcements/Resolutions- Approved the amendment to Article (23) of the Statute of the company relating to arbitration.
          Last Date For Dividend EntitlementEx-Dividend Date
          Register Closing (Settlement) DateTrading Suspension Date
          Trading Resuming DateDividends Payment Date
          Payment EntityMeeting VenueAl Maidan Hotel – Dubai
          1 File(s)
          Meeting Date/TimeFeb 26, 2012 04:00:00 PMType of MeetingAnnual General Meeting
          Net Profit/LossAED 132,173,000Cash Dividend40%
          Bonus Share
          Announcements/Resolutions- Approved Directors and auditor’s report for the year ended 31/12/2011 - Approved balance sheet and the Income Statement of the company for the year ended 31/12/2011 - Approved to distribute 40% cash dividend - Absolved the members of the Board of Directors and the auditors from responsibilities for the year ended 31/12/2011 – Approved the remuneration to Board of Directors for the year ended 31/12/2011 - Approved the appointment of the auditors for the Financial Year 2012 and determined their fees.
          Last Date For Dividend Entitlement05/03/2012Ex-Dividend Date06/03/2012
          Register Closing (Settlement) Date07/03/2012Trading Suspension Date
          Trading Resuming DateDividends Payment Date
          Payment EntityMeeting VenueAl Maidan Hotel – Dubai
          1 File(s)
          Meeting Date/TimeMar 08, 2011 04:00:00 PMType of MeetingAnnual General Meeting
          Net Profit/LossAED 64,706,000Cash Dividend50%
          Bonus Share50%
          Announcements/Resolutions- Approved Directors and auditor’s report for the year ended 31/12/2010 - Approved balance sheet and the Income Statement of the company for the year ended 31/12/2010 - Approved to distribute 50% cash dividend and 50% bonus shares - Absolved the members of the Board of Directors and the auditors from responsibilities for the year ended 31/12/2010 – Approved to appoint auditors for the Financial Year 2011 - Appointed new BOD member – Approved the remuneration to Board of Directors for the year ended 31/12/2010 - Approved the Election of seven of Board of Directors for the year 2011
          Last Date For Dividend Entitlement16/03/2011Ex-Dividend Date17/03/2011
          Register Closing (Settlement) Date20/03/2011Trading Suspension Date
          Trading Resuming DateDividends Payment Date
          Payment EntityMeeting VenueAl Maidan Hotel – Dubai
          Meeting Date/TimeFeb 28, 2010 04:00:00 PMType of MeetingAnnual General Meeting
          Net Profit/LossAED 32,110,000Cash Dividend25%
          Bonus Share
          Announcements/Resolutions- Approved Directors and auditor’s report for the year ended 31/12/2009 - Approved balance sheet and the Income Statement of the company for the year ended 31/12/2009 - Approved to distribute 25% cash dividend - Absolved the members of the Board of Directors and the auditors from responsibilities for the year ended 31/12/2009 – Approved to appoint auditors for the Financial Year 2010 - Appointed new BOD member – Approved loan of AED 16 million of Company’s Activities – Approved Green Field Project – Approved merging the reserved balance
          Last Date For Dividend Entitlement08/03/2010Ex-Dividend Date09/03/2010
          Register Closing (Settlement) Date10/03/2010Trading Suspension Date
          Trading Resuming DateDividends Payment Date
          Payment EntityMeeting VenueFairmont Hotel – Dubai
          Meeting Date/TimeApr 05, 2009 05:00:00 PMType of MeetingExtraordinary Meeting
          Net Profit/LossAED 14,398,000Cash Dividend
          Bonus Share
          Announcements/Resolutions- Approved causing the necessary amendment on article (32/R) for the year 2007 in accordance with the Corporate Governance Code for joint stock companies and institutional discipline criteria - Change the percentages in Article of Association for non-locals - Cause the necessary amendments on Article of Association and Memorandum of association
          Last Date For Dividend EntitlementEx-Dividend Date
          Register Closing (Settlement) DateTrading Suspension Date
          Trading Resuming DateDividends Payment Date
          Payment EntityMeeting VenueFairmont Hotel – Dubai
          Meeting Date/TimeApr 05, 2009 04:00:00 PMType of MeetingAnnual General Meeting
          Net Profit/LossAED 14,398,000Cash Dividend15%
          Bonus Share
          Announcements/Resolutions- Approved Directors and auditor’s report for the year ended 31/12/2008 - Approved balance sheet and the Income Statement of the company for the year ended 31/12/2008 - Approved to distribute 15% cash dividend - Absolved the members of the Board of Directors and the auditors from responsibilities for the year ended 31/12/2008 – Approved to appoint auditors for the Financial Year 2009 - Appointed new BOD member
          Last Date For Dividend Entitlement13/ April /2009 Ex-Dividend Date14/ April /2009
          Register Closing (Settlement) Date15/ April /2009 Trading Suspension Date
          Trading Resuming DateDividends Payment Date
          Payment EntityMeeting VenueFairmont Hotel – Dubai
          Meeting Date/TimeJun 28, 2007 12:00:00 AMType of MeetingExtraordinary Meeting
          Net Profit/LossAED 20,122 ThousandCash Dividend
          Bonus Share25%
          Announcements/Resolutions- approving the split of the share by reducing the face value of the share from AED 100 to AED 1 - Approving the distribution of 25% Bonus shares
          Last Date For Dividend Entitlement08/July/2007Ex-Dividend Date
          Register Closing (Settlement) Date10/July/2007Trading Suspension Date
          Trading Resuming DateDividends Payment Date
          Payment EntityMeeting VenueDusit Dubai hotel
          Top ShareholdersLast Refreshed at: 27 April 2017

          Individual Investors

          ShareholdersPercentage
          احمد بن راشد ال مكتوم 20.00%
          محمد وعبيد الملا 9.96%
          JUMA ALMAJID ABDULLA 5.32%

          • Article of Association - 0001

          Foreign Investments View all
          National GCC Arab Other Nationalities
          Country of Origin Actual Permitted Actual Permitted Actual Permitted Actual Permitted As of Date:
          UAE 97.73% 100% 2.27% 49% 0% 0% 0% 0% 27-04-2017
          Showing Last 10 Corporate Governance Reports - DRC View all
          • 15-03-2017

            DRC - CGR 2016

          • 10-03-2016

            Corporate Governance Report - DRC 2015

          • 01-01-2011

            Corporate Governance Report DRC 2011

          Showing Corporate Actions - DRC View all
          Year2017Corporate Action TypeCash dividend
          Last Date For Action Entitlement3/29/2017Ex-Dividend Date3/30/2017
          Register Closing (Settlement) Date4/2/2017Trading Suspension Date1/1/1900
          Trading Resuming Date1/1/1900Run (Effective) Date1/1/1900
          Corporate Action DetailsDistribute 70% cash dividend as agreed at the GA held on 23/03/2017
          Year2016Corporate Action TypeCash dividends
          Last Date For Action Entitlement3/23/2016Ex-Dividend Date3/24/2016
          Register Closing (Settlement) Date3/27/2016Trading Suspension DateNot Available
          Trading Resuming DateNot AvailableRun (Effective) DateNot Available
          Corporate Action DetailsDistribute 70% cash dividends as agreed at the GA held on 17/03/2016
          Year2015Corporate Action TypeCash dividends
          Last Date For Action EntitlementNot AvailableEx-Dividend DateNot Available
          Register Closing (Settlement) DateNot AvailableTrading Suspension DateNot Available
          Trading Resuming DateNot AvailableRun (Effective) DateNot Available
          Corporate Action DetailsDistribute 65% cash dividends as agreed at the AGM held on 19/03/2015
          Year2014Corporate Action TypeCash dividends
          Last Date For Action Entitlement3/26/2014Ex-Dividend Date3/27/2014
          Register Closing (Settlement) Date3/30/2014Trading Suspension DateNot Available
          Trading Resuming DateNot AvailableRun (Effective) DateNot Available
          Corporate Action DetailsDistribute 60% cash dividends as agreed at the AGM held on 20/03/2014
          Year2013Corporate Action TypeCash Dividends
          Last Date For Action Entitlement3/5/2013Ex-Dividend Date3/6/2013
          Register Closing (Settlement) Date3/7/2013Trading Suspension Date2/26/2013
          Trading Resuming Date2/26/2013Run (Effective) DateNot Available
          Corporate Action DetailsDistribute 50% cash dividends as agreed at the AGM held on 25/02/2013
          Year2012Corporate Action TypeCash Dividends Distribution
          Last Date For Action Entitlement3/5/2012Ex-Dividend Date3/6/2012
          Register Closing (Settlement) Date3/7/2012Trading Suspension DateNot Available
          Trading Resuming DateNot AvailableRun (Effective) DateNot Available
          Corporate Action DetailsDistribute 40% cash dividends as agreed at the AGM held on 26/02/2012.
          Year2011Corporate Action TypeCash Dividends Distribution
          Last Date For Action Entitlement3/16/2011Ex-Dividend Date3/17/2011
          Register Closing (Settlement) Date3/20/2011Trading Suspension DateNot Available
          Trading Resuming DateNot AvailableRun (Effective) DateNot Available
          Corporate Action DetailsDistribute 50% cash dividends as agreed at the AGM held on 08/03/2011
          Year2011Corporate Action TypeBonus Shares Issue
          Last Date For Action Entitlement3/16/2011Ex-Dividend Date3/17/2011
          Register Closing (Settlement) Date3/20/2011Trading Suspension DateNot Available
          Trading Resuming DateNot AvailableRun (Effective) Date3/20/2011
          Corporate Action DetailsIssue 50% bonus shares as agreed at the AGM held on 08/03/2011 leading the number of shares reaches 90,000,000
          Year2010Corporate Action TypeCash Dividends Distribution
          Last Date For Action Entitlement3/8/2010Ex-Dividend Date3/9/2010
          Register Closing (Settlement) Date3/10/2010Trading Suspension DateNot Available
          Trading Resuming DateNot AvailableRun (Effective) DateNot Available
          Corporate Action DetailsDistribute 25% cash dividends as agreed at the AGM held on 28/02/2010
          Year2009Corporate Action TypeCash Dividends Distribution
          Last Date For Action Entitlement4/13/2009Ex-Dividend Date4/14/2009
          Register Closing (Settlement) Date4/15/2009Trading Suspension DateNot Available
          Trading Resuming DateNot AvailableRun (Effective) DateNot Available
          Corporate Action DetailsDistribute 15% cash dividends as agreed at the AGM held on 05/04/2009.
          Year2008Corporate Action TypeBonus Shares Issue
          Last Date For Action Entitlement5/7/2008Ex-Dividend Date3/8/2008
          Register Closing (Settlement) Date5/11/2008Trading Suspension DateNot Available
          Trading Resuming DateNot AvailableRun (Effective) DateNot Available
          Corporate Action DetailsIssue bonus shares in the ratio of (20%) activated as agreed at the Annual General Meeting held on 30/04/2008.
          Disclaimer
          • Ownership percentage is subject to change based on several reasons including the following:
            1. Trading activity.
            2. Off-Market Transactions such as family and inheritance transfers.
            3. Changes in the nationality status of investors.
            4. Securities deposits and withdrawals to and from DFM for Dual listed companies.
            5. Capital increase by issuing new shares to a strategic investor.
            6. Converting Bonds into shares.
            7. Equity added to the equity of the associated group.
            8. Direct Deals.

           

          Percentages are updated daily after 4 pm
          Disclaimer
          The above published Ownership Percentages:
          • Are updated daily at the end of every trading day based on date of trade and not settlement date.

          • The ownership percentages are rounded off to 2 decimal places

          • Ownership percentages are subject to change due to the following:

            1. Trading activities.

            2. Off-Market Transactions such as family and inheritance transfers.

            3. Changes in the nationality status of investors.

            4. Securities deposits and withdrawals to and from DFM for Dual listed companies.

            5. Capital increases, by issuing new shares to Strategic investor

            6. Converting bonds or Sukuk into shares.

            7. Changes of associated group’s ownership.

            8. Direct Deals. (The ownership percentage is changed immediately after the execution of the deal).

            9. Failed trade settlement.


          DISCLAIMER

          The information provided in this document is only available in Arabic due to the (Dubai court attestations only being in Arabic herein after referred thereto as (“Information”) is provided by way of general information and comment only. While reasonable care has been taken in producing this Information, changes in circumstances may occur at any time and may impact on the accuracy of the Information. The Information does not constitute professional advice or provision of any kind of services and should not be relied upon as such.  Dubai Financial Market (“DFM”) and/or its affiliates, officers or employees,  does not give any warranty or representation as to the accuracy, reliability, timeliness or completeness of the Information now or in the future. DFM shall not be liable for any loss suffered, directly or indirectly by any person acting in reliance upon the Information contained herein. 


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