• TNIUAEBCFFund performance as of August 17, 2017
  • AMANResults of BOD meeting
10:00
01 january 2014
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Arabtec Holding PJSC

ARTC
3.300
0.010
0.300%
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  • Market: DFM
  • Symbol: ARTC
  • ISIN: ISIN Test
  • Sector: Real Estate & Const.

Company Brief

Country of Origin: United Arab Emirates (UAE)

Arabtec Holding PJSC (the “Company” or “Group”) is a Public Joint Stock Company established under the Laws of the United Arab Emirates pursuant to the resolution of the Minister of Economy No. 34 of 2004. Arabtec became the first private construction firm to list on the Dubai Financial Market in 2005.

Arabtec Holding PJSC is a leading contractor for social and economic infrastructure. The Group improves the quality of life of people living in the communities that it creates. Arabtec’s impressive list of completed projects includes iconic buildings such as the world’s tallest building, the Burj Khalifa in Dubai, and Abu Dhabi landmark, the Emirates Palace Hotel; as well as other technically challenging work on airports and related infrastructure. The Group consists of numerous subsidiaries with specialisations spanning all segments of the construction cycle, with a vision of building the future.

Key Facts

ESTABLISHED

Nov 29, 2004

AUDITOR

PWC (PricewaterhouseCoopers)

FISCAL YEAR END

DECEMBER

REGISTRAR

SHUAA Capital

Board Members

CHAIRMAN
H.E. Mohamed Thani Murshed Alrumaithi


DEPUTY
Mr. Mohamed Hamad Ghanem Hamad Al Mehairi

MEMBERS
Mr. Khalifa Abdulla Khamis Al Romaithi
Mr. Saeed Mohamed Saeed Al Mhairbi
Mr. Jamal Saeed Al Nuaimi
Mr. Ghannam Butti Al Mazrouei
Mr. Tariq Ahmed Al Masaood Al Mehairbi
   

Top Management

Group CEO

Mr. Hamish Tyrwhitt

Group Chief Financial Officer
Mr. Peter Pollard

 

Equity Profile

DATE OF LISTING

Jan 4, 2005

SECTOR

Realest. & Construction

AUTHORIZED CAPITAL

1,500,000,000.00 AED

ISSUED SHARES

1,500,000,000.00

PER VALUE SHARE

1.00 AED

Subsidiaries

Arabtec Construction LLC Dubai 100.00 %
House of Equipment Co. LLC Dubai 66.67 %
Austrian Arabian Ready Mix Concrete Co. LLC Dubai 100.00 %
Arabtec Construction Company W.L.L Doha 49.00 %
Arabtec Precast LLC Dubai 100.00 %
Nasser Bin Khaled Factory Ready Mix Concrete Co. L Doha 49.00 %
Arabtec Engineering LLC Dubai 80.00 %
Arabtec International Company Limited Republic of Mauritius 100.00 %
Emirates Falcon Electromechanical Co. (EFECO) LLC Dubai 55.00 %
Arabtec Construction Syria Arab Republic Syrian 100.00 %
Arabtec Pakistan (Pvt) Limited Pakistan 60.00 %
Target Engineering Construction Company Abu Dhabi 60.00 %
Gulf Steel Industries FZC Shariah 55.00 %
Arabtec Saudi Arabia LLC Kingdom of Saudi Arabia 45.00 %
Arabtec Egypt for Construction SAE Egypt 55.00 %
Arabtec Construction LLC (Foreign Company) Palestine 100.00 %
Arabtec – Musawa W.L.L Kingdom of Bahrain 75.00 %
EFECO Saudi LLC kingdom of Saudi Arabia 39.00 %
EFECO Qatar W.L.L Doha 27.00 %
EFECO L.L.C Palestine 100.00 %
Arabtec Construction Machinery Kingdom of Saudi Arabia 58.00 %
Saudi Austrian Arabian Readymix Concrete Co. LLC Kingdom of Saudi Arabia 62.00 %
Arabtec Envirogreen Facility Management Services Dubai 51.00 %
Arabtec Construction India(Pvt) limited India 63.00 %
ARTC Construction and Combined Group Contracting State of Kuwait 100.00 %
Idrotec SRL Italy Italy 48.00 %
Arabtec Investments Holding Limited Dubai 100.00 %

Contact Details

Head Office:

Abu Dhabi

Address:

P.O. Box: 7340 Abu Dhabi, UAE

Phone No.

+971 2 333 7777

Fax No.

+971 2 333 7111

Email address:

 ir@arabtecholding.com

Website:

http://www.arabtecholding.com

Showing Last 10 Disclosures - ARTC View all
ARTC 15-08-2017 08:15 AM

Press release

1 File(s)
ARTC 09-08-2017 08:23 AM

Press release regarding financial results for the first half of 2017

2 File(s)
ARTC 09-08-2017 08:22 AM

Results of BOD meeting including interim condensed consolidated financial statements for the 2nd QTR of 2017

2 File(s)
ARTC 07-08-2017 09:44 AM

Press release

1 File(s)
ARTC 06-08-2017 03:30 AM

Financial statements for the 2nd QTR of 2017

1 File(s)
ARTC 06-08-2017 08:43 AM

BOD meeting

1 File(s)
ARTC 01-08-2017 08:04 AM

Press release

1 File(s)
ARTC 05-07-2017 08:08 AM

Press release

1 File(s)
ARTC 04-07-2017 08:10 AM

Press release

1 File(s)
ARTC 03-07-2017 09:13 AM

Press release

1 File(s)
Showing Last 10 Issuer News - ARTC View all
ARTC 22-05-2017 09:52 AM

Press release

1 File(s)
ARTC 10-05-2017 09:55 AM

Press release

1 File(s)
ARTC 04-05-2014 07:54 AM

Appoints Chief Financial Officer

2 File(s)
ARTC 29-04-2014 08:59 AM

Appoints CEO for its new educational and training arm

2 File(s)
ARTC 29-04-2014 08:52 AM

Arabtec to launch an education, training and certification arm

2 File(s)
ARTC 22-04-2014 08:47 AM

Appoints Chief HR Officer for Arabtec Construction

2 File(s)
ARTC 22-04-2014 07:47 AM

Arabtec Properties to showcase a series of projects at Cityscape Abu Dhabi

2 File(s)
ARTC 20-04-2014 07:37 AM

Appoints Chief Operating Officer for Oil & Gas

2 File(s)
ARTC 14-04-2014 08:02 AM

Appoints Chief Operating Officer for Arabtec Construction's International Operations

2 File(s)
ARTC 09-04-2014 08:57 AM

Appoints a chief Internal Audit Officer

2 File(s)
Showing Last 10 Financial Reports - ARTC View all
ARTC 06-08-2017 03:30 AM

Financial statements for the 2nd QTR of 2017

1 File(s)
ARTC 04-05-2017 12:00 AM

Financial statements for the 1st QTR of 2017

1 File(s)
ARTC 01-03-2017 12:54 AM

Financial statements for the year of 2016

1 File(s)
ARTC 30-09-2016 10:30 AM

Financial statements for the 3rd QTR of 2016

1 File(s)
ARTC 30-06-2016 01:05 AM

Financial statements for the 2nd QTR of 2016

1 File(s)
ARTC 01-05-2016 12:11 AM

Financial statements for the 1st QTR of 2016

1 File(s)
ARTC 11-04-2016 03:30 AM

Financial statements for the year of 2015

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

Financial statements for the 3rd QTR of 2015

1 File(s)
ARTC 16-08-2015 03:46 AM

Financial statements for the 2nd QTR of 2015

1 File(s)
ARTC 13-05-2015 03:30 AM

Financial statements for the 1st QTR of 2015

1 File(s)
Showing Last 10 General Meetings - ARTC View all
Meeting Date/TimeApr 18, 2017 11:00:00 AMType of MeetingGeneral Assembly
Net Profit/Loss(4645248000)Cash Dividend
Bonus Share
Announcements/Resolutions
Ordinary Resolutions

1.Ratified the Board of Directors' Report concerning the Company's activities and financial status for the financial year ended 31 December 2016. 

2.Ratified the external auditors' report for the financial year ended 31 December 2016. 

3.Ratified the Company's balance sheet and profit and loss account for the financial year ended 31 December 2016.

4. Absolved the Board of Directors from liability for the financial year ended 31 December 2016.

5. Absolved the External Auditors from liability for the financial year ended 31 December 2016.

6. Approved the reappointment of PwC (Price Waterhouse Coopers) as the external auditors of the Company for the year 2017 and approved their annual fees of AED 350 thousand.

7. Ratified the appointment of Mr. Jamal Saeed Al Nuaimi as a member of the Board of Directors of the Company.

Special Resolutions

1. Approved amending Article 39(3) of the Company's Articles of Association to read as follows: 

“Members of the Board of Directors of the Company may not participate in the vote on the resolutions of the general meeting relating to exonerating board members from liability for management or conferring a private benefit upon them or which relate to a conflict of interest or dispute between them and the Company.  Where a Board member is a representative of a body corporate, the shares of such body corporate shall be excluded”.

2. Approved the continuation of the Company in order to implement the recapitalisation plan and authorised the Board of Directors thereafter to take all continuation decisions that are required under Article 302 of the UAE Commercial Companies Law No. (2) of 2015 until the Company’s Annual General Assembly for the financial year ending 31 December 2017. 

3. Approved the recapitalisation plan of the Company and adopted all the resolutions specified below.

4. Approved the proposal of the Board of Directors’ to increase the issued share capital of the Company by AED 1,500,000,000 through the issuance of new shares at an offer price of AED 1 per new share (“Capital Increase”). 

5. Authorised Aabar Investments PJS (a shareholder of the Company) and/or any person associated with it (from amongst the shareholders or the owners of subscription rights), to subscribe, on the closing day of subscription to the rights issue, for all shares that have not been subscribed for by the other shareholders.

6. Approved a capital reduction through the cancellation of up to 4,615,065,000 shares of AED 1 each in the Company (the Capital Reduction) on a pro rata basis to extinguish the accumulated losses as at 31 December 2016 (amounting to AED 4,645,248,000),  pursuant to the auditors' report prepared on the Capital Reduction and approved the granting to the Board of Directors of the Company full authority to effectuate the procedure for the Capital Reduction and specify the number of shares to be cancelled pursuant to the provisions of the law and its implementing regulations and resolutions. 

7. Approved the use of the Company’s statutory reserve to offset against any of the Company’s losses and authorised the Board of Directors of the Company to implement this resolution during the current financial year ending 31 December 2017.

8. Authorised the Company’s Board of Directors and any person authorised by the Board of Directors to undertake all necessary procedures and steps, adopt any resolutions, sign any undertaking, contracts and agreements, to duly implement the resolutions stated herein including amending the Articles of Association of the Company following the completion of the Capital Increase and Capital Reduction, and to communicate with all private and government entities including the Securities and Commodities Authority, the Dubai Department of Economic Development, the Dubai Financial Market to complete the recapitalisation of the capital of the Company and to register and list the new shares and the cancellation of the shares to reduce the share capital, and further to authorise the Board of Directors of the Company to negotiate and agree any settlement or variation of any debt on terms as the Board of Directors of the Company sees fit. 

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueIpic Auditorium, Ipic Square, Muroor Street (4th), Abu Dhabi, UAE
1 File(s)
Meeting Date/TimeJun 01, 2016 11:00:00 AMType of MeetingAnnual General Meeting
Net Profit/Loss(2778960000)Cash Dividend
Bonus Share
Announcements/ResolutionsSpecial Resolutions:

1.Upon considering the requests submitted by a number of shareholders owning more than 10% of the Company’s share capital, in accordance with the provisions of the law, the following amendments to the  Memorandum Association of the Company (“MoA”) were approved:

A.Amend the definition of “Related Parties” in the MoA to read as follows:

“The Chairman and members of the Board of Directors, the members of the executive management of the Company, employees of the Company, the companies in which any of the aforementioned persons owns no less than 30% of its share capital, as well as Subsidiaries, Affiliate companies and Sister companies.”

B.Deleting paragraph (g) of clause (5) of Article 18 of the MoA.

Ordinary Resolutions:

2.Approved extinguishing 1.004 Billion Dirhams of the losses of the Company from the Company’s statutory reserves. 

3.Elected the following as Board members:

Mr. Tariq Ahmad Mohamed Al Masaood Al Mehairbi; and
Mr. Ghannam Butti Khaleefa Khalaf Al Mazrouei.

The term of the newly elected Board members shall end at the end of term of the current Board of Directors, which started on 30 April 2015. 

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueAbu Dhabi Chamber of Commerce and Industry, Corniche Road, Abu Dhabi
1 File(s)
Meeting Date/TimeApr 20, 2016 04:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss(2778960000)Cash Dividend
Bonus Share
Announcements/ResolutionsOrdinary Resolutions:

1.Approved the amendment of the Memorandum and Articles of Association of the Company in accordance with the provisions of Federal Law No. (2) of 2015, after obtaining the consent of the competent authorities.  

2.Approved amending the Company’s objects in order to allow it to conduct its activities through its subsidiaries in accordance with the listed companies’ provisions of Federal Law no. (2) of 2015 governing Commercial Companies.

3.Upon considering the requests submitted by a number of shareholders owning more than 10% of the Company’s share capital, in accordance with the provisions of the Law, it was approved to increase the number of the Company’s current Board Members from 5 to 7 members and to amend paragraph 1 of Article 18 of the Company’s Memorandum of Association, after obtaining the approval of the competent authorities, and to initiate the nomination period as soon as reasonably possible.
       
Special Resolutions:

4.Ratified the Board of Directors' Report concerning the Company's activities and financial status for the financial year ended 31 December 2015. 

5.Ratified the external auditors' report for the financial year ended 31 December 2015. 

6.Ratified the Company's balance sheet and profit and loss account for the financial year ended 31 December 2015.


7.Released the Board of Directors from liability for the financial year ended 31 December 2015.

8.Released the External Auditors from liability for the financial year ended 31 December 2015.

9.Approved the appointment of PwC (Price Waterhouse Coopers) as the external auditors of the Company for the year 2016 and approved their annual fees of AED 350 thousand.

10.Approved deleting the grant to the Board Members a one year permission to carry out activities competing with or related to the Company’s activities, in accordance with paragraph 3 of Article 152 of Federal Law No. 2 of 2015.


Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueSt. Regis Hotel, Corniche Road, Abu Dhabi
1 File(s)
Meeting Date/TimeApr 30, 2015 09:00:00 AMType of MeetingAGM & EGM
Net Profit/Loss214,553,000Cash Dividend
Bonus Share5%
Announcements/Resolutions

EGM Resolutions:

 

 

1.     Approval of the amendments to articles 15, 24, 29-2, 30-b, 31-1, 31-3, 43 and 52-1 of the Articles of Association of the Company in relation to the payment of profits, Board meetings and decisions and voting, Board committees, internal control, the implementation of governance controls and corporate discipline standards issued by the Securities and Commodities Authority,  and the external auditor, which promote good governance and effective and transparent implementation, in line with the laws and regulations in force, and according to the invitation of the Extraordinary General Assembly and to what was published on the Company’s website.

2.     Upon consideration of 2 requests submitted by a number of shareholders owning more than 10% of the capital of the Company in accordance with the provisions of the law, the amendments to Clause 1 of Article 18 of the Articles of Association of the Company concerning the reduction of Board members from 9 to 5 members were approved, and now reads as follows:

“The Company's Board of Directors shall consist of five (5) members who must all be UAE nationals, and the Board shall consist of at least one third of independent members, a majority of non-executive members elected by the ordinary general assembly of shareholders by secret cumulative ballot.”

3.     And upon consideration of a request submitted by a number of shareholders owning more than 10% of the capital of the Company in accordance with the provisions of the law, the amendments to Article 18 of the Articles of Association of the Company concerning the duties of Board members and conditions for the nomination to the Board membership by adding a last Clause, were approved as follows:

 

"A member of the Board of Directors must, in addition to what is set out in Federal Law No. (8) of 1984 concerning commercial companies as amended and SCA rules and regulations in this regard, be able to devote sufficient time and attention for his membership.

 

A candidate for the membership of the Board of Directors when applying for candidacy, must:

 

a.     Complete a nomination application and attach a brief about himself and his experience, and the Board category on the basis of which he wants to apply (executive - non-executive - independent);

b.     Submit the original application demand and brief about himself and his experience personally by hand to the Company;

c.     Not be under the age of thirty (30) at the time of submission of the nomination application;

d.     No court judgment against the candidate in crimes involving moral or trust must have been issued, and such judgement does not need to be final;

e.     Any other criteria, conditions, requirements or other procedures set out by the Nomination and Remuneration Committee of Company that are consistent with the laws, rules and regulations applicable in this regard."

 

 

 AGM Resolutions:

 

1.     Approval of the Board of Directors' Report concerning the Company's activities and financial status for the financial year ended 31 December 2014.

2.      Approval of the external auditors' report for the financial year ended 31 December 2014.

3.     Approval of the Company's balance sheet and profit and loss account for the financial year ended 31 December 2014.

4.     Following consideration of the recommendation of the Board of Directors, it was approved to distribute bonus shares equivalent to 5% of the Company’s share capital (with a total of 219,765,000 shares) as dividends for the financial year ended 31 December 2014, and to amend the Memorandum and Articles of Association of the Company by increasing the share capital of the Company from (4,395,300,000) four billion three hundred and ninety-five million three hundred thousand shares to become (4,615,065,000) four billion, six hundred and fifteen million sixty-five thousand shares.

 

5.     To approve the release from liability of all members of the Board of Directors and the external auditor for the financial year ended 31 December 2014.

6.     New members of the Board were elected for three years as follows:

 

--     HE. Mohamed Thani Murshed Alrumaithi

--    Mr. Khalifa Abdulla Khamis Al Romaithi

--     Mr. Saeed Mohamed Saeed Al Mhairbi

--   Mr. Mohamed Ali Ismaeil Ali Al Fahim

--   Mr. Mohamed Hamad Ghanem Hamad Al Mehairi

 

7.   To approve the appointment of Ernst & Young as the external auditors of the Company for the year 2015 and their annual fees of AED 508.000.

8.    Permit Board members to carry out for one-year activities competing or related to the activities of the Company in accordance with Article 108 of Federal Law No. (8) of 1984 as amended

Last Date For Dividend EntitlementWednesday, May 06, 2015Ex-Dividend DateThursday, May 07, 2015
Register Closing (Settlement) DateSunday, May 10, 2015Trading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueArmed Forces Officers Club and Hotel in Abu Dhabi
1 File(s)
Meeting Date/TimeApr 30, 2014 11:00:00 AMType of MeetingAnnual General Meeting
Net Profit/Loss377,777,000Cash Dividend
Bonus Share40%
Announcements/Resolutions

1. Approval of the Board of Directors Report concerning the company’s activities and financial status for thee financial year ended 31 December 2013

2. Approval of the external auditors report for the financial year ended 31/12/2013

3. Approval of the company’s balance sheet and profit and loss account for the financial year ended 31/12/2013

4. Following a discussion of the recommendation of the Board of Directors, the shareholders requested to increase the bonus shares by (105) to become(40%) of the company’s share capital without any cash distribution. At the request of the shareholders and based upon it, it was approved to distribute bonus shares equivalent to 40% of the company’s share capital (with total of 1.255.800.000 shares) as dividends for the financial year ended 31/12/2013

5. Approval of the recommendation of the Board of Directors to distribute remunerations to Board members for the financial year ended 31/12/2013 as mentioned in the company’s corporate governance report.

6. Approval of the appointment of Mr. Tareq Abu Shreehah as an executive Board member in replacement of Mr. Mohamed Al Husseiny and for the remaining period of the term in accordance with Article 102 of Federal Law No. 8 1984 as amended

7. Approval of the appointment of Ernst & Young as the external auditors of the company for the year 2014 and determine their annual fees AED at 462.000

8. Permit Board member to carry out for one-year activities competing or related to the activities of the company in accordance with Article 108 of Federal Law No. (8) of 1984 as amended

Last Date For Dividend EntitlementWednesday, May 07, 2014Ex-Dividend DateThursday, May 08, 2014
Register Closing (Settlement) DateSunday, May 11, 2014Trading Suspension DateWednesday, April 30, 2014
Trading Resuming DateThursday, May 01, 2014Dividends Payment DateSunday, May 11, 2014
Payment EntityDFMMeeting VenueSt. Regis Hotel, Corniche, Abu Dhabi
1 File(s)
Meeting Date/TimeApr 13, 2013 04:00:00 PMType of MeetingAGM & EGM
Net Profit/Loss188,227,000.00Cash Dividend0%
Bonus Share0%
Announcements/Resolutions

AGM Resolutions:

 

The ratification of the report of the Governing Council on the activities of the company and its financial position for the financial year ended 31/12/2012

The ratification of the auditors for the financial year ended 31/12/2012

The ratification of the company's balance sheet and profit and loss account for the financial year ended 31/12/2012

Discharge of the members of the Board of Directors and auditors for the financial year ended 31/12/2012

 

Appointment of auditors for the year 2013 and determine their remuneration

 Approve the appointment of new members of the Board of Directors in accordance with Article 102 of the Federal Law No. 8 of 1984, as amended

The ratification of the Board's proposal not to distribute dividends for the financial year ended 31/12/2012
 

 The ratification of the non-payment of Directors' remuneration for the financial year ended 31/12/2012, according to Article 118 of the Federal Law No. 8 of 1984, as amended, to consider approving the granting of a license for a year to members of the Board of Directors to direct activities associated companies contracting under Article 108 of the Law Federal Law No. 8 of 1984, as amended

 

EGM Resolutions:

 

To approve the recommendation of the Board of Directors to increase the company's capital by issuing 3,180,666,667 shares (issue) with a nominal value of AED one and a premium of $ 0.50 AED with a total value of approximately AED 4,771,000,000 shares each shareholder the right to subscribe in cash in two shares for each share owned and authorize the Board of Directors to doall that is necessary to take all decisions on the issuance of shares, including issues relating to the terms of the IPO and the number of shares that will be issued, and amend the Memorandum and Articles of Association of the Company and matters relating generally to increase its capital

 

Approve the recommendation of the Board of Directors to issue convertible bonds or bonds a total of up to U.S. $ 450,000,000 equivalent to AED 1,652,850,000 not be to the company's shareholders any preference or priority rights to subscribe to the issuance of bonds or any shares resulting from the conversion of bonds and authorize the Board of Directors of all powers to do whatever it takes to take all decisions on bonds to consider amendments to the Memorandum and its statute to ensure to provide expanded health coverage for employees delegated Managing Director of the company Mr. Hassan اسميك, with all the powers and authorities

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueThe Address - Dubai Marina
2 File(s)
Meeting Date/TimeApr 28, 2012 02:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss340,326,000 AED Cash Dividend5%
Bonus Share5%
Announcements/ResolutionsThe approval of shareholders unanimously approved the report of the Board of Directors and the activity of the company and its financial position for the year ended December 31, 2011 The approval of shareholders unanimously approved the auditors' report for the year ended December 31, 2011 The approval of shareholders unanimously approved the company's balance sheet and profit and loss for the year ended December 31, 2011 and approved The approval of shareholders unanimously to acquit the members of the board of directors and auditors of the responsibility for the financial year ended December 31, 2011 Requested by shareholders who own more than 10% of the capital of the company include a new item on the agenda of the General Assembly which granted approval under Article 108 of the Federal Law No. 8 of 1984, as amended to members of the Board of Directors to carry out activities related to entrepreneurial companies have the Assembly approved unanimously to include the item and to a
Last Date For Dividend Entitlement06/05/2012Ex-Dividend Date07/05/2012
Register Closing (Settlement) Date08/05/2012Trading Suspension DateN/A
Trading Resuming DateN/ADividends Payment Date
Payment EntityMeeting VenueThe Westin Hotel- Mina Siyahi Beach Resort and Marina - Sufouh Road - Dubai
1 File(s)
Meeting Date/TimeApr 03, 2011 03:00:00 PMType of MeetingAnnual General Meeting
Net Profit/LossAED 431,600,000Cash Dividend
Bonus Share25%
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 25% 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 - Approved the BOD remuneration - Approved the Election of Board of Directors for the year 2011
Last Date For Dividend Entitlement11/ April /2011 Ex-Dividend Date12/ April /2011
Register Closing (Settlement) Date13/ April /2011 Trading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenuePolman Hotel
Meeting Date/TimeMar 27, 2010 04:30:00 PMType of MeetingAnnual General Meeting
Net Profit/LossAED 591,809,000Cash Dividend
Bonus Share
Announcements/Resolutions- Approved the report of the BOD & the 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 - 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 and approved their fees – Approved authorizing BOD to participate in activities related to contracting companies – Approve appoint and re- appoint BOD members
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueWestin hotel
Meeting Date/TimeMar 28, 2009 04:00:00 PMType of MeetingAnnual General Meeting
Net Profit/LossAED 1,079,572,221Cash Dividend
Bonus Share
Announcements/Resolutions- Approved the report of the BOD & the 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 - 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 and approved their fees – Determined the BOD fees for 2008 - Approved authorizing BOD to participate in activities related to contracting companies
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueKempiniski Hotel, Mall of Emirates, Dubai
Top ShareholdersLast Refreshed at: 22 August 2017

Individual Investors

ShareholdersPercentage
كالدس ذ.م.م 12.01%
تصاميم العقاريه (تصاميم) 7.16%

Associated Groups

Group NameShareholdersGroup Percentage
شركه ابار للاستثمارات - ش م خ
شركه ابار للاستثمارات - ش م خ 26.06%
شركه ابار للاستثمارات البتروليه ذ م م 4.33%
شركه ابار العقاريه ذ م م 3.67%
شركه ابار للطاقه ذ م م 3.62%
37.68%
  • 2 EN
    2

    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:
United Arab Emirates 80.92% 100% 4.13% 100% 6.36% 49% 8.59% 49% 22-08-2017
Showing Last 10 Corporate Governance Reports - ARTC View all
  • 05-04-2017

    Corporate Governance Report - ARABTEC 2016

  • 31-12-2015

    Corporate Governance Report - ARABTEC 2015

  • 20-01-2011

    Corporate Governance Report ARTC (2011)

Showing Corporate Actions - ARTC View all
Year2015Corporate Action TypeBonus shares
Last Date For Action Entitlement6/5/2015Ex-Dividend Date7/5/2015
Register Closing (Settlement) Date10/5/2015Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsIssue 5% bonus shares as agreed at the AGM held on 30/04/2015 leading the number of shares reaches 4,615,065,000
Year2014Corporate Action TypeBonus shares
Last Date For Action Entitlement5/7/2014Ex-Dividend Date5/8/2014
Register Closing (Settlement) Date5/11/2014Trading Suspension Date4/30/2014
Trading Resuming Date5/1/2014Run (Effective) DateNot Available
Corporate Action DetailsIssue 40% bonus shares as agreed at the AGM held on 30/04/2014 leading the number of shares reaches 4,395,300,000
Year2012Corporate Action TypeCash Dividends Distribution
Last Date For Action Entitlement5/6/2012Ex-Dividend Date5/7/2012
Register Closing (Settlement) Date5/8/2012Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 5 % cash dividends as agreed at the AGM held on 28/04/2012
Year2012Corporate Action TypeBonus Shares
Last Date For Action Entitlement5/6/2012Ex-Dividend Date5/7/2012
Register Closing (Settlement) Date5/8/2012Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsIssue bonus shares of 5% as agreed at the Annual General Meeting held on 28/04/2012.
Year2011Corporate Action TypeBonus Shares Issue
Last Date For Action Entitlement4/11/2011Ex-Dividend Date4/12/2011
Register Closing (Settlement) Date4/13/2011Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsIssue 25% bonus shares as agreed at the AGM held on 03/4/2011 leading the number of shares reaches 1,495,000,000
Year2008Corporate Action TypeCash Dividends Distribution
Last Date For Action Entitlement4/1/2008Ex-Dividend Date4/2/2008
Register Closing (Settlement) DateNot AvailableTrading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 50% cash dividends as agreed in their AGM held on 24/03/2008.
Year2007Corporate Action TypeCash Dividends Distributions
Last Date For Action Entitlement4/16/2007Ex-Dividend Date4/17/2007
Register Closing (Settlement) Date4/18/2007Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date4/18/2007
Corporate Action DetailsDistribute 15% cash dividends as agreed at the AGM held on 09/04/2007.
Year2007Corporate Action Typebonus shares
Last Date For Action Entitlement4/16/2007Ex-Dividend Date4/17/2007
Register Closing (Settlement) Date4/18/2007Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date4/18/2007
Corporate Action DetailsIssue bonus shares in the ratio of (15%) activated as agreed at the Annual General Meeting held on 09/04/2007. Number of shares becomes 598,000,000
Year2006Corporate Action Typebonus shares
Last Date For Action Entitlement5/6/2006Ex-Dividend Date5/7/2006
Register Closing (Settlement) Date5/8/2006Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date5/8/2006
Corporate Action DetailsIssue bonus shares of 30% as agreed at the Annual General Meeting held on 29/04/2006 . Number of issued shares becomes 119,999,481.
Year2006Corporate Action Typebonus shares
Last Date For Action Entitlement5/6/2006Ex-Dividend Date5/7/2006
Register Closing (Settlement) Date5/8/2006Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date5/8/2006
Corporate Action DetailsIssue bonus shares in the ratio of (30%) activated as agreed at the Annual General Meeting held on 29/4/2006. Number of shares becomes 52000000
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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