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Emirates Investment Bank PJSC

EIBANK
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  • Market: DFM
  • Symbol: EIBANK
  • ISIN: AEA001301018
  • Sector: Banks

Company Brief

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

Emirates Investment Bank P.J.S.C. (the “Bank”) was incorporated on 17 February 1976 in Dubai by a decree of HH the Ruler of Dubai. In 1999, the Bank was registered under the UAE Commercial Companies Law No. (8) of 1984 (as amended) as a Public Joint Stock Company. The Bank is engaged in the business of development banking, investment banking and investment portfolio management. The Bank is a subsidiary of Al Futtaim Private Company LLC which holds 50.26% of the shares in the Bank.

Key Facts

ESTABLISHED

Nov 1, 1976

AUDITOR

Ernst & Young

FISCAL YEAR END

DECEMBER

REGISTRAR

Arab Emirates Investment Bank

Board Members

CHAIRMAN

Mr. Omar Abdulla Al Futtaim

DEPUTY

Mr. Buti Obaid Buti Al Mulla

MEMBERS

Mr. Marwan Anthony Shehadeh

Top Management

Chief Executive Officer

Mr. Khaled Sifri

Chief Financial Officer
Mr. Imad Bou Khouzam 

Equity Profile

DATE OF LISTING

Apr 10, 2005

SECTOR

Banks

AUTHORIZED CAPITAL:

80,000,000.00 AED

ISSUED SHARES

700,000.00

PER VALUE SHARE

100.00 AED

Subsidiaries

Affiliates
United Kaipara Dairies Ltd UAE 8.00 %
United Foods Company (PSC) UAE 8.00 %

Contact Details

Head Office

Dubai

Address

P.O.Box: 5503, Dubai. 15 Floor,Festival Tower. DFC..

Phone No.

+971 4 231 7777

Fax No.

+971 4 231 7788

Email address:

info@eibank.com

Website

www.eibank.com

Showing Last 10 Disclosures - EIBANK View all
EIBANK 18-09-2017 03:10 AM

Results of BOD meeting

1 File(s)
EIBANK 17-09-2017 08:23 AM

BOD meeting

1 File(s)
EIBANK 09-08-2017 08:18 AM

Interim condensed consolidated financial statements for the 2nd QTR of 2017

1 File(s)
EIBANK 08-08-2017 09:14 AM

Press release regarding financial results for the first half of 2017

1 File(s)
EIBANK 08-08-2017 09:12 AM

Results of BOD meeting

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

Financial statements for the 2nd QTR of 2017

1 File(s)
EIBANK 01-08-2017 09:17 AM

BOD meeting

1 File(s)
EIBANK 05-07-2017 08:03 AM

Press release

1 File(s)
EIBANK 04-05-2017 02:32 AM

Interim condensed consolidated financial statements for the 1st QTR of 2017

1 File(s)
EIBANK 02-05-2017 08:17 AM

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

1 File(s)
Showing Last 10 Issuer News - EIBANK View all
No data could be found.
Showing Last 10 Financial Reports - EIBANK View all
EIBANK 06-08-2017 03:30 AM

Financial statements for the 2nd QTR of 2017

1 File(s)
EIBANK 31-03-2017 10:30 AM

Financial statements for the 1st QTR of 2017

1 File(s)
EIBANK 30-03-2017 12:51 AM

Financial statements for the year of 2016

1 File(s)
EIBANK 30-09-2016 12:25 AM

Financial statements for the 3rd QTR of 2016

1 File(s)
EIBANK 30-06-2016 12:05 AM

Financial statements for the 2nd QTR of 2016

1 File(s)
EIBANK 15-05-2016 04:55 AM

Financial statements for the 1st QTR of 216

1 File(s)
EIBANK 10-04-2016 03:30 AM

Financial statements for the year of 2015

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

Financial statements for the 3rd QTR of 2015

1 File(s)
EIBANK 11-08-2015 03:30 AM

Financial statements for the 2nd QTR of 2015

1 File(s)
EIBANK 28-04-2015 03:30 AM

Financial Statements for the 1st QRT of 2015

1 File(s)
Showing Last 10 General Meetings - EIBANK View all
Meeting Date/TimeMar 21, 2017 12:00:00 PMType of MeetingGeneral Assembly
Net Profit/Loss33,892,000Cash Dividend0.00
Bonus Share
Announcements/Resolutions
  1. Ratified the Board of Directors report as to the Bank’s activities and financial status for the financial year ended 31/12/2016.

  2. Ratified the Auditors report for the financial year ended 31/12/2016.

  3. Ratified Bank’s balance sheet and its profit and loss statement for financial year ended 31/12/2016.Subject to the Central Bank’s approval and publication of the Bank’s financial statements only following the Central Bank’s approval.

  4. Ratified not to distribute dividend for the financial year ended 31/12/2016.

  5. Discharged the Members of the Board of Directors and the Auditors from their liabilities for the financial year ended 31/12/2016.

  6. Re-appointed E&Y as Auditors for the financial year 2017 and determined their fees.


Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueHead office in Festival Tower, DFC.
1 File(s)
Meeting Date/TimeJun 30, 2016 01:00:00 PMType of MeetingAnnual General Meeting
Net Profit/LossN/ACash DividendN/A
Bonus ShareN/A
Announcements/Resolutions

Resolved the following special resolutions:

  1. Approved the amendment of articles of association in line with the provisions federal law No. 2 of 2015,concerning commercial companies, subject to the relevant authorities’ approval.

  2. Approved the amendment article related to increase or decrease the members of Board of Directors.

  3. Approved the amendments to the power of the board of directors.

  4. Approved the amendments to the objects of the Bank.

  5. Approved the amendment to change the ownership percentage of UAE nationals.

  6. Approved the amendment to change the dividends distribution policy to the shareholders.

  7. Approved the amendment article related to increase or decrease the Bank share capital.

  8. Approved the amendment article related to the increase or decrease of the Bank authorized share capital.

  9. Approved the amendment of the term of the Bank.   


Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueBank head office in Festival Tower, DFC.
1 File(s)
Meeting Date/TimeMar 16, 2016 12:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss28.1mCash Dividend
Bonus Share
Announcements/Resolutions

 Resolved the following   resolutions:

  1. Ratified the Board of Directors report as to the Bank’sactivities and financial status for the financial year ended 31/12/2015.

  2. Ratified the Auditorsreport for the financial year ended 31/12/2015.

  3. Ratified Bank’s balancesheet and its profit and loss statement for financial year ended 31/12/2015.

  4. Ratified not to distributedividend for the financial year ended 31/12/2015.

  5. Discharged the Members ofthe Board of Directors and the Auditors from their liabilities for thefinancial year ended 31/12/2015.

  6. Re-appointed E&Y as Auditors for the financial year 2016 anddetermined their fees.


Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueBank head office in Festival Tower, DFC.
1 File(s)
Meeting Date/TimeMar 18, 2015 12:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss46,234,000Cash Dividend
Bonus Share7.692%
Announcements/Resolutions

1.Ratified the Board of Directors report as to the Bank’s activities and financial status for the financial year ended 31/12/2014.

2.Ratified the Auditors report for the financial year ended 31/12/2014.

3.Ratified Bank’s balance sheet and its profit and loss statement for financial year ended 31/12/2014.

4.Approved the Board of Directors recommendation to distribute scrip dividend at 7.692% of the paid up capital amounting to AED 5 million.   

5.Discharged and released the Members of the Board of Directors and the Auditors for the financial year ended 31/12/2014.

6.Re-appointed M/s E&Y as Auditors for the financial year 2015 and determined their fees.

7.Elected the existing Board members for new cycle.

 

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 DateFriday, May 29, 2015
Payment EntityMeeting VenueBank head office in Festival Tower, DFC.
1 File(s)
Meeting Date/TimeMar 30, 2014 12:00:00 AMType of MeetingAnnual General Meeting
Net Profit/Loss36,229,000.00Cash Dividend
Bonus Share8.333%
Announcements/ResolutionsThe ratification of the report of the Governing Council on the bank's activities and its financial position for the financial year ended on December 31, 2013
The ratification of the auditors' report for the financial year ended December 31, 2013
The ratification of the balance sheet and profit and loss account for the financial year ended December 31, 2013
The ratification of the Board's proposals on the distribution of a bonus shares of 8.333% of the share capital for the financial year ended December 31, 2013
Discharge of the members of the Board of Directors and the auditor of the responsibility for the financial year ended December 31, 2013
Appointment of the bank accounts for the financial year 2014 and determine his fees
Last Date For Dividend EntitlementMonday, April 07, 2014Ex-Dividend DateTuesday, April 08, 2014
Register Closing (Settlement) DateWednesday, April 09, 2014Trading Suspension DateSunday, March 30, 2014
Trading Resuming DateMonday, March 31, 2014Dividends Payment Date
Payment EntityMeeting VenueEmiartes Investment Bank Headquarters
1 File(s)
Meeting Date/TimeMar 25, 2013 11:00:00 AMType of MeetingAnnual General Meeting
Net Profit/Loss26,326,000.00Cash Dividend10%
Bonus Share9.091%
Announcements/Resolutions

The ratification of the report of the Governing Council on the bank's activities and its financial position for the financial year ended on December 31, 2012
The ratification of the auditors' report for the financial year ended December 31, 2012
The ratification of the balance sheet and profit and loss account for the financial year ended December 31, 2012
The ratification of the Board's proposals on the distribution of a cash dividend by 10% and bonus shares of 9.091% of the share capital for the financial year ended December 31, 2012
Discharge of the members of the Board of Directors and the auditor of the responsibility for the financial year ended December 31, 2012
Appointment of the bank accounts for the financial year 2013 and determine his fees

Last Date For Dividend EntitlementTuesday, April 02, 2013Ex-Dividend DateWednesday, April 03, 2013
Register Closing (Settlement) DateThursday, April 04, 2013Trading Suspension DateMonday, March 25, 2013
Trading Resuming DateMonday, March 25, 2013Dividends Payment Date
Payment EntityMeeting VenueBank Headquarters
1 File(s)
Meeting Date/TimeMar 21, 2012 11:00:00 AMType of MeetingAnnual General Meeting
Net Profit/Loss22,286,000.00 AEDCash Dividend10%
Bonus Share11.27%
Announcements/ResolutionsThe ratification of the Board of Directors report on the activity of the bank and its financial position for the financial year ended 31/12/2011. The ratification of the auditors' report for the financial year ended 31/12/2011. The ratification of the 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 of the responsibility for the financial year ended 31/12/2012. The ratification of the Board of Directors remuneration. Reset M / Ernst & Young Kamradjaa bank accounts for the financial year 2012 and determine their fees.
Last Date For Dividend Entitlement28/03/2012Ex-Dividend Date29/03/2012
Register Closing (Settlement) Date01/04/2012Trading Suspension Date21/03/2012
Trading Resuming Date21/03/2012Dividends Payment Date
Payment EntityMeeting VenueThe headquarters of the Bank - Festival Tower - Floor 15 - Dubai Festival City
1 File(s)
Meeting Date/TimeApr 28, 2011 11:00:00 AMType of MeetingAnnual General Meeting
Net Profit/LossCash Dividend10%
Bonus Share10%
Announcements/ResolutionsApproved BOD & auditors reports for the year ended 31/12/2010 - Approving the auditor's report, the balance sheet and the profit & loss statement of the bank for the year ended 31/12/2010 - Approving a cash dividend of 10% and 10% bonus shares to the shareholders - Discharging the directors and auditors for the liabilities for the year ended 31/12/2010 - Approved the BOD remuneration - Approving the re-appointment of Ernst & Young as auditors of the bank for the year 2011
Last Date For Dividend Entitlement04/05/2011Ex-Dividend Date05/05/2011
Register Closing (Settlement) Date08/05/2011Trading Suspension Date28/04/2011
Trading Resuming Date01/05/2011Dividends Payment DateN/A
Payment EntityN/AMeeting VenueBank’s Head Office
Meeting Date/TimeJun 02, 2010 12:00:00 PMType of MeetingExtraordinary Meeting
Net Profit/LossAED 9,786,500Cash Dividend
Bonus Share
Announcements/Resolutions- Approved causing necessary amendments on Article and Memorandum of Association - Approved changing the name of the bank to Emirates Investment Bank
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date02/06/2010
Trading Resuming Date02/06/2010Dividends Payment Date
Payment EntityMeeting VenueBank’s Head Office
Meeting Date/TimeApr 23, 2009 05:00:00 PMType of MeetingAnnual General Meeting
Net Profit/LossAED 598,373Cash Dividend
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 - 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 members for the next three years
Last Date For Dividend EntitlementN/AEx-Dividend DateN/A
Register Closing (Settlement) DateN/ATrading Suspension DateN/A
Trading Resuming DateN/ADividends Payment DateN/A
Payment EntityN/AMeeting VenueBank Offices, Festival Towers Building
Top ShareholdersLast Refreshed at: 19 October 2017

Individual Investors

ShareholdersPercentage
شركه الفطيم الخصوصيه المحدوده ذ.م.م 52.85%
محمد و عبيد الملا ش .ذ.م.م 26.12%

No data could be found.
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 100% 100% 0% 0% 0% 0% 0% 0% 19-10-2017
Showing Last 10 Corporate Governance Reports - EIBANK View all
No data could be found.
Showing Corporate Actions - EIBANK View all
Year2015Corporate Action TypeBonus Shares
Last Date For Action Entitlement3/25/2015Ex-Dividend Date3/26/2015
Register Closing (Settlement) Date3/29/2015Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsIssue 7.692% bonus shares as agreed at the AGM held on 18/03/2015 leading the number of shares reaches 700,000
Year2014Corporate Action TypeBonus Shares
Last Date For Action Entitlement4/7/2014Ex-Dividend Date4/8/2014
Register Closing (Settlement) Date4/9/2014Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsIssue 8.333% bonus shares as agreed at the AGM held on 30/03/2014 leading the number of shares reaches 650,000
Year2013Corporate Action TypeBonus Shares
Last Date For Action Entitlement4/2/2013Ex-Dividend Date4/3/2013
Register Closing (Settlement) Date4/4/2013Trading Suspension Date3/25/2013
Trading Resuming Date3/25/2013Run (Effective) DateNot Available
Corporate Action DetailsIssue bonus shares of 9.09% as agreed at the Annual General Meeting held on 25/03/2013
Year2013Corporate Action TypeCash Dividends
Last Date For Action Entitlement4/2/2013Ex-Dividend Date4/3/2013
Register Closing (Settlement) Date4/4/2013Trading Suspension Date3/25/2013
Trading Resuming Date3/25/2013Run (Effective) DateNot Available
Corporate Action DetailsDistribute 10% cash dividends as agreed at the AGM held on 25/03/2013
Year2012Corporate Action TypeCash Dividends Distribution
Last Date For Action Entitlement3/28/2012Ex-Dividend Date3/29/2012
Register Closing (Settlement) Date4/1/2012Trading Suspension Date3/21/2012
Trading Resuming Date3/21/2012Run (Effective) DateNot Available
Corporate Action DetailsDistribute 10 % cash dividends as agreed at the AGM held on 21/03/2012
Year2012Corporate Action TypeBonus Shares
Last Date For Action Entitlement3/28/2012Ex-Dividend Date3/29/2012
Register Closing (Settlement) Date4/1/2012Trading Suspension Date3/21/2012
Trading Resuming Date3/21/2012Run (Effective) DateNot Available
Corporate Action DetailsIssue bonus shares of 11.27% as agreed at the Annual General Meeting held on 21/03/2012.
Year2011Corporate Action TypeBonus Shares
Last Date For Action Entitlement5/4/2011Ex-Dividend Date5/5/2011
Register Closing (Settlement) Date5/8/2011Trading Suspension Date4/28/2011
Trading Resuming Date5/1/2011Run (Effective) DateNot Available
Corporate Action DetailsIssue bonus shares of 10% as agreed at the Annual General Meeting held on 28/04/2011.
Year2011Corporate Action TypeCash Dividends
Last Date For Action Entitlement5/4/2011Ex-Dividend Date5/5/2011
Register Closing (Settlement) Date5/8/2011Trading Suspension Date4/28/2011
Trading Resuming Date5/1/2011Run (Effective) DateNot Available
Corporate Action DetailsDistribute 10% cash dividends as agreed in their AGM held on 28/04/2011.
Year2008Corporate Action TypeCash Dividends
Last Date For Action Entitlement4/1/2008Ex-Dividend Date4/2/2008
Register Closing (Settlement) Date4/3/2008Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 20% cash dividends as agreed in their AGM held on 24/03/2008.
Year2006Corporate Action TypeBonus Shares
Last Date For Action Entitlement4/27/2006Ex-Dividend Date4/28/2006
Register Closing (Settlement) Date4/30/2006Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date4/30/2006
Corporate Action DetailsIssue bonus shares of 10% as agreed at the Extraordinary Meeting held on 22/04/2006. Number of issued shares becomes 40,827.
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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