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Home > Issuers > Listed Securities > Securities > Company Profile Page

Emirates Refreshments Company

ERC
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  • Market: DFM
  • Symbol: ERC
  • ISIN: AEJ000101014
  • Sector: Consumer Staples and Discretionary

Company Brief

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

Emirates Refreshments (P.S.C.) (formerly Jeema Mineral Water (P.S.C.)) (“the Company”) is a Public Shareholding Company, incorporated in Dubai, United Arab Emirates under a decree issued by His Highness The Ruler of Dubai. The Company is listed on the Dubai Financial Market.

The principal activity of the Company is bottling and selling mineral water as well as manufacturing plastic bottles and containers. The Company has two plants, each located in Dibba and Hatta, UAE. The Company mainly markets, distributes and sells its products across the UAE.

Key Facts

ESTABLISHED

Jan 1, 1980

AUDITOR

Ernst & Young

FISCAL YEAR END

DECEMBER

REGISTRAR

Jeema Mineral Water Company

Board Members

CHAIRMAN
Mr. Mohammed Abdul Aziz Ali Abdulla Al Owais

Vice Chairman 
Mr. Khaled Nasir Hameed Al Shamsi

MEMBERS
Mr. Mohamed Salim Rashid Abdalla Al Owais
Mr. Abdualla Rahmah Abdualla Rahma Al Owais
Mr. Ahmed Abdualla Sultan Abdulla Al Owais

Top Management

General Manager

Mr. Mourad Tarzi

Head of Finance
Mr. Rizwan Siddiqui

Equity Profile

Date of Listing

Aug 1, 2005

SECTOR

Consumer Staples

AUTHORIZED CAPITAL:

30,000,000.00 AED

ISSUED SHARES

30,000,000.00

PER VALUE SHARE

1.00 AED

Contact Details

Head Office

Dubai

Address

P.O. Box 5567 Al Awir, Dubai, UAE

Phone No.

+9714 333 5566

Fax No.

+9714 333 5558

Email address:

jyotica.kapoor@erc.ae

Website

http://www.erc.ae

Showing Last 10 Disclosures - ERC View all
ERC 28-08-2017 02:52 AM

Results of BOD meeting

1 File(s)
ERC 20-08-2017 03:07 AM

BOD meeting

1 File(s)
ERC 09-08-2017 02:16 AM

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

1 File(s)
ERC 30-06-2017 10:30 AM

Financial statements for the 2nd QTR of 2017

1 File(s)
ERC 11-06-2017 02:19 AM

Notification from the company

1 File(s)
ERC 11-06-2017 02:18 AM

Results of BOD meeting

1 File(s)
ERC 05-06-2017 02:18 AM

BOD meeting

1 File(s)
ERC 08-05-2017 02:09 AM

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

1 File(s)
ERC 08-05-2017 07:30 AM

Financial statements for the 1st QTR of 2017

1 File(s)
ERC 09-03-2017 08:32 AM

Results of BOD meeting

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

Financial statements for the 2nd QTR of 2017

1 File(s)
ERC 08-05-2017 07:30 AM

Financial statements for the 1st QTR of 2017

1 File(s)
ERC 31-12-2016 01:03 AM

Financial statements for the year of 2016

1 File(s)
ERC 30-09-2016 02:24 AM

Financial statements for the 3rd QTR of 2016

1 File(s)
ERC 30-06-2016 12:17 AM

Financial statements for the 2nd QTR of 2016

1 File(s)
ERC 01-05-2016 02:40 AM

Financial statements for the 1st QTR of 2016

1 File(s)
ERC 31-03-2016 04:32 AM

Financial statements for the year of 2015

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

Financial statements for the 3rd QTR of 2015

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

Financial statements for the 2nd QTR of 2015

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

Financial statements for the 1st QTR of 2015

1 File(s)
Showing Last 10 General Meetings - ERC View all
Meeting Date/TimeMar 01, 2017 04:30:00 PMType of MeetingGeneral Assembly
Net Profit/Loss3,517,791Cash Dividend10
Bonus Share
Announcements/Resolutions

1. Approve the board report in terms of the company’s activity and financial status for the year ending at 31/12/2016.

2. Approve the report of the external auditors for the year ending at 31/12/2016.

3. Approve the balance sheet and the profit & losses account for the year ending at 31/12/2016.

4. Approve to release the board members and external auditors in terms of their liability of works for the year ending at 31/12/2016.

5. Approve to re-appoint Ernst& Young’s (external auditors) for the company for 2017 and fixing their remunerations.

6. Approve the board’s suggestion to distribute ten percent of net profits, in cash, being AED 3,000,000.

7. Approve the entry by the company into the restated and amended Memorandum and Articles of Association as per the new Companies Law no. 2 of 2015 and as approved by SCA and Dubai Economic Department and nominating one director of the company to sign the same at the Notary Public on behalf of the company.

8. Approve the decision to appoint the following members to the position of board members and fix their remuneration.

  • Mohammed Salim Rashid Abdulla Al Owais

  • Mohammed Abdul Aziz Ali Abdulla Al Owais

  • Abdualla Rahmah Abdualla Rahma Al Owais

  • Khaled Nasir Hameed Al Shamsi

  • Ahmed Abdualla Sultan Abdulla Al Owais


Last Date For Dividend EntitlementWednesday, March 08, 2017Ex-Dividend DateThursday, March 09, 2017
Register Closing (Settlement) DateSunday, March 12, 2017Trading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueERC Head office, Ras Al Khor
1 File(s)
Meeting Date/TimeApr 14, 2016 11:00:00 AMType of MeetingAnnual General Meeting
Net Profit/Loss4,205,322Cash Dividend1,500,000
Bonus Share
Announcements/Resolutions1. Approve the board report in terms of the company's activity and financial status for the year ending at 31/12/2015
2. Approve the report of the external auditors for the year ending at 31/12/2015
3. Approve the balance sheet and the profit and losses account for the year ending at 31/12/2015
4. Approve to release the board members and external auditors in terms of their liability of work for the year ending 31/12/2015
5. Approve to appoint Ernst and young (External auditors) for the company for 2016 and fixing their remunerations.
6. Consider the approval of the remunerations of company's board members.
7. Approve the board's suggestion to distribute five percent of net profits, in cash being AED 1,500,000
8. Approve the entry by the company into the restated and amended Memorandum and Article of Association as per the new companies Law no. 2 of 2015 and as approved by SCA and Dubai Economic department and approve nominating a director to sign the same at the Notary Public on behalf of the company.
9. Approve the decision to appoint the following members to the position of board members and fix their remuneration:
                                # Mr. Mana Mohammed Saeed Al Mulla
                                # Mr. Mohammed Salim Alowais
                                # Mr. Neeraj Vohra
                                # Mr. Abdullah Essa AlZaabi
                                # Mr. Talal Ahmed Alhashemi
Last Date For Dividend EntitlementWednesday, April 20, 2016Ex-Dividend DateThursday, April 21, 2016
Register Closing (Settlement) DateSunday, April 24, 2016Trading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueERC Head office, Ras Al Khor
1 File(s)
Meeting Date/TimeApr 16, 2013 02:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss767,427.00Cash Dividend0%
Bonus Share0%
Announcements/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' report 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
The ratification of the Board's proposal not to distribute dividends for the year 2012
Discharge of the members of the Board of Directors and auditors are the financial year ended 31/12/2012
Appointment of the external auditors for the Company for the year 2013 and determine their remuneration
Election of Board of Directors

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension DateTuesday, April 16, 2013
Trading Resuming DateTuesday, April 16, 2013Dividends Payment Date
Payment EntityMeeting VenueThe company's headquarters
1 File(s)
Meeting Date/TimeApr 26, 2012 11:00:00 AMType of MeetingAnnual General Meeting
Net Profit/Loss3,829,799 AEDCash DividendN/A
Bonus ShareN/A
Announcements/Resolutions Approved the Board of Directors report on the activity of the company and its financial position for the financial year ended 31/12/2011 and ratified Approved the auditor's report for the financial year ended 31/12/2011 and ratified Approved the adoption of the Company's balance sheet and profit and financial losses for the financial year ended 31/12/2011 Agreed to discharged the members of the Board and external auditors for the company from liability for their actions for the period ending 31/12/2011 Approved the reset Gentlemen (KPMG) external auditors of the Company for the year 2012 and determine their fees. Approved the Board's proposal not to distribute profits The election of Mr. / Majed Obaidullah member of the Board of Directors Authorize the Board of Administration for the sale and assignment Ratify the appointment of Mr. / Abdullah Al Qubaisi on behalf of Mr. / Khalifa pin representing the Government of Dubai
Last Date For Dividend EntitlementN/AEx-Dividend DateN/A
Register Closing (Settlement) DateN/ATrading Suspension Date26/04/2012
Trading Resuming Date29/04/2012Dividends Payment Date
Payment EntityMeeting VenueThe company's headquarters
1 File(s)
Meeting Date/TimeApr 03, 2011 04:30:00 PMType of MeetingExtraordinary Meeting
Net Profit/LossAED (11,256,386)Cash Dividend
Bonus Share
Announcements/Resolutions- Approved amendments on Memorandum of Association - Approved for mid-term loan credit for three years
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueAl Maidan Hotel – Dubai
Meeting Date/TimeApr 03, 2011 04:30:00 PMType of MeetingAnnual General Meeting
Net Profit/LossAED (11,256,386)Cash Dividend
Bonus Share
Announcements/Resolutions- Approved Directors and auditor’s report for the year ended 31/12/2010 - Approved on the consolidated financial statements for the year ended 31/12/2010 – Approved not to distribute dividends - Absolved the members of the Board of Directors and the auditors from responsibilities for the year ended 31/12/2010 – appoint external auditors for the Financial Year 2011 - Approved not to remunerate the BOD for the year ended 31/12/2010
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueAl Maidan Hotel – Dubai
Meeting Date/TimeJun 20, 2010 04:00:00 PMType of MeetingExtraordinary Meeting
Net Profit/LossAED 3,943,172Cash Dividend
Bonus Share
Announcements/Resolutions- Approved Causing the necessary amendments on Article of Association - Approved changing the name of company from Jeema Mineral Water to Emirates Refreshments Company
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueCompany’s main building
Meeting Date/TimeApr 27, 2010 05:00:00 PMType of MeetingExtraordinary Meeting
Net Profit/LossAED 3,943,172Cash Dividend
Bonus Share
Announcements/Resolutions- Approved coasing the necessary amendments of Memorandum of Association
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueDusit Dubai Hotel
Meeting Date/TimeApr 20, 2010 04:00:00 PMType of MeetingAnnual General Meeting
Net Profit/LossAED 3,943,172Cash Dividend5%
Bonus Share
Announcements/Resolutions- Approved the report of the BOD & the auditor’s report for the year ended 31/12/2009 - Approved on the consolidated financial statements for the year ended 31/12/2009 - Absolved the members of the Board of Directors and auditors from responsibilities for the year ended 31/12/2009 – Approved to re-appoint auditors for the Financial Year 2009 and approved their fees - Appointed new BOD members for the company - Approved to distribute 5% cash dividends
Last Date For Dividend Entitlement28/04/2010Ex-Dividend Date29/04/2010
Register Closing (Settlement) Date02/05/2010Trading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueDusit Dubai hotel
Meeting Date/TimeApr 01, 2009 04:00:00 PMType of MeetingAnnual General Meeting
Net Profit/LossAED 2,526,516Cash Dividend
Bonus Share
Announcements/Resolutions- Approved on the consolidated financial statements for the year ended 31/12/2008 - Absolved the members of the Board of Directors and auditors from responsibilities for the year ended 31/12/2008 – Approved to re-appoint auditors for the Financial Year 2009 and approved their fees - Appointed new BOD members for the company
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueDusit Emirates Hotel
Top ShareholdersLast Refreshed at: 19 October 2017

Individual Investors

ShareholdersPercentage
شركه الاغذيه المتحده (ش م ع ) 34.46%
محمد و عبيد الملا ش .ذ.م.م 14.20%
حميد بن على عبدالله العويس 8.52%
موزه سويدان سعيد زوجه سلطان على العويس 5.66%
RAHMA ABDULLA RAHMA ALOWAIS 5.66%

  • 1 EN
    1

    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 100% 100% 0% 0% 0% 0% 0% 0% 19-10-2017
Showing Last 10 Corporate Governance Reports - ERC View all
  • 22-02-2017

    ERC CGR 2016

  • 24-03-2015

    Corporate Governance Report - ERC 2015

  • 01-01-2011

    Corporate Governance Report ERC 2011

Showing Corporate Actions - ERC View all
Year2017Corporate Action TypeCash Dividends
Last Date For Action Entitlement3/8/2017Ex-Dividend Date3/9/2017
Register Closing (Settlement) Date3/12/2017Trading Suspension Date1/1/1900
Trading Resuming Date1/1/1900Run (Effective) Date1/1/1900
Corporate Action DetailsDistribute 10% cash dividends as agreed at the GA held on 01/03/2017
Year2016Corporate Action TypeCash dividends
Last Date For Action Entitlement4/20/2016Ex-Dividend Date4/21/2016
Register Closing (Settlement) Date4/24/2016Trading Suspension Date8/9/1900
Trading Resuming Date8/9/1900Run (Effective) Date8/9/1900
Corporate Action DetailsDistribute 5% cash dividends as agreed at the GA held on 14/04/2016
Year2010Corporate Action TypeCash Dividends Distribution
Last Date For Action Entitlement4/28/2010Ex-Dividend Date4/29/2010
Register Closing (Settlement) Date5/2/2010Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 5% cash dividends as agreed at the AGM held on 20/04/2010.
Year2008Corporate Action TypeCash Dividends Distribution
Last Date For Action Entitlement4/16/2008Ex-Dividend Date4/17/2008
Register Closing (Settlement) Date4/20/2008Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 10% cash dividends as agreed in their AGM held on 09/04/2008.
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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