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01 january 2014
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DXB Entertainments (P.J.S.C.)

DXBE
0.763
-0.022
-2.800%
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  • Market: DFM
  • Symbol: DXBE
  • ISIN: AED001501017
  • Sector: Consumer Staples and Discretionary

Key Facts

ESTABLISHED

Jul 12, 2012

AUDITOR

Deloitte and Touche Middle East

FISCAL YEAR END

DECEMBER

REGISTRAR

Dubai Financial Market PJSC

Board Members

CHAIRMAN

Mr. Abdulla Ahmad Mohd Alhabbai

MEMBERS

Mr. Abdul Wahab Al-Halabi
Mr. Fahad Abdulrahim Abdulla Kazim
Mr. Raed Kajoor Al Nuaimi 
Mr. Dennis Chesley Gilbert
Mr. Steven David Shaiken
Mr.  Edris Alrafi
Mr.  Fayez Mohamed Al-Boainin
Mr.  Cristian Viorel Gheorghe

Top Management

Chief Executive Officer

Mr. Mohamed Almulla

Chief Financial and Investment Officer

Mr. Sandesh Pandhare

Chief Projects Officer
Mr.Paul La France

Chief Technical Officer
Mr.Matthew Priddy

Chief Business Development and Strategy Officer
Mr. Vinit Shah 

Chief Parks Operating Officer
Mr.Stanford Pinto

Senior Vice President of Sales and Marketing
Mr. David Loiseau 

Chief Business Support Officer
Ms. Aida Hamza

Senior Vice President –Retail and Hospitality
Mr.Klaus Assman

Vice President Governance, Risk & Compliance
Mr. Muhammad Suleman 

Company Secretary
Ms. Jean Fitzgerald


Contact Information:
Ms.Marwa Gouda


Investor Relationship Manager
Title: Head of Investor Relations 

Email: IR@dp-r.com





Equity Profile

DATE OF LISTING

Dec 10, 2014

SECTOR

Consumer Staples & Discretionary

AUTHORIZED CAPITAL:

12,643,655,416.00 AED

ISSUED SHARES

7,999,912,670.00

PAR VALUE/SHARE

1.00 AED

Contact Details

Head Office

Sheikh Zayed Road, Opposite Palm Jebel Ali, Exit 5, Saih Shuaib
PO Box 33772 Dubai

Phone No.

04 8200820

Investor Relations Email:
IR@dxbentertainments.com

Website:
www.dxbentertainments.com

Showing Last 10 Disclosures - DXBE View all
DXBE 14-06-2017 09:27 AM

Press release

1 File(s)
DXBE 31-05-2017 09:16 AM

Appointment of new CEO

1 File(s)
DXBE 29-05-2017 09:18 AM

Notification from the company

1 File(s)
DXBE 10-05-2017 08:43 AM

Financial statements for the 1st QTR of 2017

1 File(s)
DXBE 10-05-2017 08:41 AM

Press release regarding financial results for the 1st QTR of 2017

1 File(s)
DXBE 10-05-2017 08:40 AM

Results of BOD meeting including interim condensed consolidated financial statements for the 1st QTR of 2017

2 File(s)
DXBE 03-05-2017 02:03 AM

BOD meeting

1 File(s)
DXBE 26-04-2017 03:10 AM

Press release

1 File(s)
DXBE 25-04-2017 02:05 AM

Press release

1 File(s)
DXBE 20-04-2017 08:16 AM

Press release

1 File(s)
Showing Last 10 Issuer News - DXBE View all
DXBE 05-06-2017 09:08 AM

Press release

1 File(s)
DXBE 25-05-2017 09:47 AM

Press release

1 File(s)
DXBE 24-05-2017 09:22 AM

Press release

1 File(s)
DXBE 26-03-2017 02:38 AM

Press release

1 File(s)
DXBE 26-03-2017 08:59 AM

Press release

1 File(s)
DXBE 06-03-2017 09:16 AM

Press release

1 File(s)
DXBE 01-03-2017 02:58 AM

Press release

1 File(s)
DXBE 14-02-2017 09:23 AM

Press release

1 File(s)
DXBE 05-02-2017 03:03 AM

Press release

1 File(s)
DXBE 26-01-2017 09:23 AM

Press release

1 File(s)
Showing Last 10 Financial Reports - DXBE View all
DXBE 10-05-2017 08:43 AM

Financial statements for the 1st QTR of 2017

1 File(s)
DXBE 31-12-2016 01:57 AM

Financial statements for the year of 2016

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

Financial statements for the 3rd QTR of 2016

1 File(s)
DXBE 30-06-2016 12:28 AM

Financial statements for the 2nd QTR of 2016

1 File(s)
DXBE 12-05-2016 10:30 AM

Financial statements for the 1st QTR of 2016

1 File(s)
DXBE 28-04-2016 03:23 AM

Financial statements for the year of 2015

1 File(s)
DXBE 11-11-2015 03:27 AM

Financial statements for the 3rd QTR of 2015

1 File(s)
DXBE 12-08-2015 03:30 AM

Financial statements for the 2nd QTR of 2015

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

Financial Statements for the 1st QRT of 2015

1 File(s)
DXBE 10-12-2014 09:37 AM

Interim condensed consolidated financial information and independent auditor's review report for the nine months period ended 30 September 2014

1 File(s)
Showing Last 10 General Meetings - DXBE View all
Meeting Date/TimeApr 18, 2017 04:00:00 PMType of MeetingGeneral Assembly
Net Profit/Loss(484,838,000)Cash Dividend
Bonus Share
Announcements/Resolutions

The General Assembly meeting of DXB Entertainments PJSC was held today, Monday 18th April 2017 at 4:00pm at the Lapita Hotel, Dubai Parks and Resorts, Jebel Ali. The Shareholders participation in today’s General Assembly was 70%.

The following resolutions were adopted at the General Assembly meeting:

1. Approved the Board of Directors’ report in respect of the activity and financial position of the Company for the financial year ended 31 December 2016.

2. Approved the External Auditors’ report for the financial year ended 31 December 2016.

3. Approved the Company’s balance sheet and income statement for the financial year ended 31 December 2016.

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

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

6. Approved the reappointment of Deloitte & Touche (M.E.) as the external auditors for the financial year 2017 and their fees amounting to AED 305,000.

7. Elected Mr.  Edris Alrafi as a Non-Executive member of the board of Directors to fill the existing vacant position for the remainder of the term of the board.

Special resolutions:

8. A) Approved the launch of an Employee Share based Incentive Plan (ESOP) for employees through the issuance of new shares of the Company in accordance with the provisions of Article 226 of Federal Law No (2) of 2015 regarding Commercial Companies, and in accordance with the following basic terms and conditions:

1. The maximum number of shares that can be issued for the purposes of implementing the program: 155 million shares to be issued on specific allocation dates and after the approval of the Securities and Commodities Authority.

2. Total period of the program: Two years (i.e. 1 May 2017 to 30 April 2019).

3. The value of shares issued to eligible employees: at par.

4. Functional grades eligible: Grades U-6

B) Authorized the Board of Directors to take all executive measures and adopt the necessary conditions for the implementation of the program in light   of the rules issued by the Securities and Commodities Authority, to regulate the terms and conditions of Employee Share Option Plans in public shareholding companies.

9. Approved to amend Article 18 of the Articles of Association of the Company, to increase the number of board members to be 9.

10.       Elected for the remaining term of the board, Mr.  Christian Gheorghe as a Non-Executive member andMr. Fayez Al Boainin as a Non-Executivemember of the Board of Directors for the additional seats created in accordancewith the amended Articles of Association stipulating that the Board ofDirectors shall consist of nine (9) members
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueLapita Hotel
1 File(s)
Meeting Date/TimeJun 23, 2016 02:00:00 PMType of MeetingAnnual General Meeting
Net Profit/LossNACash Dividend
Bonus Share
Announcements/Resolutions
  1. Mr. Shravan Shroff was appointed as an additional Board of Directors’ member for the remaining term of the Board.

  2. Approved to amend the Company’s Articles of Association to reflect the name change of the company to DXB Entertainments (P.J.S.C) after obtaining the required approvals from the relevant authorities.
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueHotel Taj Dubai
1 File(s)
Meeting Date/TimeApr 18, 2016 02:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss-109,220,000Cash Dividend
Bonus Share
Announcements/Resolutions1.  Approved the Board of Directors’ report in respect of the activity and financial position of the Company for the financial year ended 31 December 2015.

2.  Approved the External Auditors’ report for the financial year ended 31 December 2015.

3.  Approved the Company’s balance sheet and income statement for the financial year ended 31 December 2015.

4.  Approved that the amount of AED 3.7 million retained under the Equity Issue Reserve account will be transferred and offset against Accumulated Losses.

5.  Discharged the Board of Directors from any liability for the financial year ended 31 December 2015.

6.  Discharged the External Auditors from any liability for the financial year ended 31 December 2015.

7.  Approved the reappointment of Deloitte & Touche (M.E.) as the external auditors for the financial year 2016 and their fees amounting to AED 270,000.

8.  Approved the following:
a)  to finance (i) the proposed Six Flags Dubai project, (ii) for future business development purposes and (iii) to pay for expenses incurred in connection with the issuance of the rights issue shares through an increase in the issued share capital of the Company by AED 1,678,084,962 through the issuance of 1,678,084,962 shares with a nominal value of AED 1 per share such that the issued share capital of the Company shall become AED 7,999,912,670, after obtaining all approvals from relevant authorities;
b)  adopting an authorised share capital of the Company of an amount equivalent to AED 12,643,655,416, pursuant to Article 193 of the Commercial Companies Law (Federal Law No 2 for the year 2015); and
c)  delegating to the Board of Directors of the Company the power to make all decisions and perform all actions as may be necessary to implement and execute the General Assembly resolutions in respect of the increase of the issued share capital and adoption of an authorised share capital (including the power to determine the timing of the increase of the issued share capital), provided that such implementation must take place within one year from the date of the General Assembly.

9.  Approved to amend the Company’s Articles of Association to comply with the Federal Law (2) for 2015 in respect of Commercial Companies and the General Assembly’s resolution with respect to increasing the issued and authorised share capital of the Company after obtaining the required approvals from the relevant authorities.

Upon the request of SCA, the following resolutions clarifying the required amendments to the Company’s Articles of Association were also approved:

10.  To amend the Company’s Articles of Association to comply with the Federal Law No 2 for the year 2015.

11.  To amend the Company’s Articles of Association with respect to increasing the authorised share capital of the Company of an amount equivalent to AED 12,643,655,416 pursuant to Article 193 of the Commercial Companies Law (Federal Law No 2 for the year 2015).

12.  To amend the Company’s Articles of Association to increase the number of members of the Board of Directors to become seven (7).


Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueTaj Hotel
1 File(s)
Top ShareholdersLast Refreshed at: 22 June 2017

Individual Investors

ShareholdersPercentage
QATAR HOLDING LLC 11.02%
KUWAIT INVESTMENT AUTHORITY 5.07%

Associated Groups

Group NameShareholdersGroup Percentage
MERAAS LEISURE AND ENTERTAINMENT L.L.C
MERAAS LEISURE AND ENTERTAINMENT L.L.C 51.82%
MERAAS HOLDING L.L.C 0.48%
52.29%
  • Article of Association - DXBE 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 67.36% 100% 19.05% 100% 2.89% 49% 10.7% 49% 22-06-2017
Showing Last 10 Corporate Governance Reports - DXBE View all
  • 03-04-2017

    DXBE - CGR 2016

  • 31-12-2015

    Corporate Governance Report - DUBAIPARKS 2015

No data could be found.
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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