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01 january 2014
Home > Issuers > Listed Securities > Securities > Company Profile Page

Gulf Navigation Holding PJSC

GULFNAV
1.410
0.010
0.710%
Summary Period

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  • Market: DFM
  • Symbol: GULFNAV
  • ISIN: AEG000601019
  • Sector: Transportation

Company Brief

Gulf Navigation Holding (“the Company”) changed its legal form to Public Joint Stock Company and became Gulf Navigation Holding PJSC in October 2006. The Company is a holding company with shipping and maritime related activities undertaken through its subsidiaries.  The business areas encompass marine transportation of commodities, chartering of vessels, ship agencies, marine transport undertaken by special passengers and merchant contracts, clearing and forwarding services and container loading, unloading, discharging and packing services etc.

Key Facts

ESTABLISHED

15 March 2003

AUDITOR
Ernst & Young 

FISCAL YEAR END

DECEMBER

REGISTRAR

National Bank of Abu Dhabi - NBAD

Board Members

CHAIRMAN

Mr. Abdulla Saeed Abdulla Brook Al Hemeiri 

DEPUTY

Mr. Anas S. A. Atatreh 

MEMBERS
Mr. Khamis Juma Khamis Buamim

Mr. Ahmad “M.F.” A. Al Kilani
Mr. Mohammad Ziad Tariq Raslan Abu Younus Al Hawari
Mr. Majid Attallah M. Alshamrokh

 

Top Management

Chief Executive Officer       

Mr.Khamis Juma Buamim

Chief operating officer
Omar Abu Omar

Head of Finance & Accounts 
Richard B. Lim

Equity Profile

DATE OF LISTING

Feb 7, 2007

SECTOR

Transportation

AUTHORIZED CAPITAL:

1,000,000,000.00 AED

ISSUED SHARES

551,666,666.00

PER VALUE SHARE

1.00 AED

Subsidiaries

Gulf Navigation & Brokerage LLC UAE 100.00 %
Gulf Navigation Group FZCO UAE 100.00 %
GulfNav Ship Management FZE UAE 100.00 %
Gulf Ship FZE UAE 100.00 %

Gulf Navigation Maritime

UAE 100.00 %
Gulf Chemical Carriers Company LLC UAE 100.00 %
Gulf Crude Carriers Company LLC UAE 100.00 %
Gulf Jalmuda Corporation Panama 100.00 %
Gulf Huwaylat Corporation Panama 100.00 %
Gulf Fanatir Corporation Panama 100.00 %
Gulf Deffi Corporation Panama 100.00 %
Gulf Stolt Ship Management UAE 50.00 %
Gulf Stolt Tankers UAE 50.00 %

Contact Details

Head Office

Dubai

Address

Jumeirah Lake Towers - Saba Tower 1, 32nd Floor P.O BOX: 49651 Dubai - UAE

Phone No.

+9714 427 0104

Fax No.

+971 4 427 0102

Email address:

investor.relations@gulfnav.com

Website

http://www.gulfnav.com

Showing Last 10 Disclosures - GULFNAV View all
GULFNAV 17-10-2017 03:00 AM

Date of press conference

1 File(s)
GULFNAV 17-10-2017 02:58 AM

BOD meeting

1 File(s)
GULFNAV 13-08-2017 08:26 AM

Press release regarding financial results for the first half of 2017

1 File(s)
GULFNAV 13-08-2017 08:24 AM

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

2 File(s)
GULFNAV 02-08-2017 02:55 AM

BOD meeting

1 File(s)
GULFNAV 11-07-2017 09:19 AM

Press release

1 File(s)
GULFNAV 10-07-2017 09:07 AM

Results of BOD meeting held by circulation

1 File(s)
GULFNAV 06-07-2017 09:35 AM

Date of press conference

1 File(s)
GULFNAV 06-07-2017 09:33 AM

BOD meeting to be held by circulation

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

Financial statements for the 2nd QTR of 2017

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

Financial statements for the 2nd QTR of 2017

1 File(s)
GULFNAV 14-05-2017 10:54 AM

Financial statements for the 1st QTR of 2017

1 File(s)
GULFNAV 31-12-2016 02:03 AM

Financial statements for the year of 2016

1 File(s)
GULFNAV 30-09-2016 02:21 AM

Financial statements for the 3rd QTR of 2016

1 File(s)
GULFNAV 30-06-2016 11:33 AM

Financial statements for the 2nd QTR of 2016

1 File(s)
GULFNAV 12-05-2016 04:19 AM

Financial statements for the 1st QTR of 2016

1 File(s)
GULFNAV 28-04-2016 03:30 AM

Financial statements for the year of 2015

1 File(s)
GULFNAV 01-11-2015 03:37 AM

Financial statements for the 3rd QTR of 2015

1 File(s)
GULFNAV 09-08-2015 03:30 AM

Financial statements for the 2nd QTR of 2015

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

Financial statements for the 1st QTR of 2015

1 File(s)
Showing Last 10 General Meetings - GULFNAV View all
Meeting Date/TimeApr 19, 2017 02:00:00 PMType of MeetingGeneral Assembly
Net Profit/Loss136,573,000Cash Dividend
Bonus Share
Announcements/ResolutionsResolutions:
1. 
Approved the report of the Board of Directors on the Company’s activities and its financial position for the year ended on 31 December 2016.

2.  
Approved the External Auditors' report for the year ended on 31 December 2016.

3. Approved the balance sheet and profit & loss statements for the year ended on 31 December 2016.

4. Approved discharge of the Board of Directors of the liability for their actions for the year ended 31 December 2016.

5. Approved discharge of the Company's Auditors of the liability for their actions for the year ended 31 December 2016.

6. Approved the appointment of Ernst & Young as auditors of the Company for the financial year 2017, and fixing their fees.

7. Ratified the appointment of Dar Al Sharia Islamic Finance Consultancy LLC as the Company’s Islamic Sharia Advisors

8. Approved the remuneration for the board members for the year 2016
 

9. Presented the report about the international partnership entered into between the Company and Polimar Holding BV. 

10. Presented the report addressing  the latest developments regarding filing a court case against Mr. Fahad Al Otaibi or reaching a settlement agreement regarding the sale and lease contracts of the premises of the Company located at  Office 3201, 32nd floor, Saba Tower,, Jumeirah Lakes Towers, Dubai, UAE.

Special Resolution

11. Approved the issuance of senior and unsecured Sukuk with a total value up to USD 250 million by Public Offering, redeemable within five years at profit rate less than 10%, and authorized the Board to take all necessary actions with respect to the issuance of the Sukuk and to negotiate its terms.  


Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueLe Royal Meridian Beach Resort, Al Sufouh Road, Jumeirah Beach Residence, Dubai
1 File(s)
Meeting Date/TimeJun 15, 2016 11:30:00 AMType of MeetingAnnual General Meeting
Net Profit/Loss6,337 millionCash Dividend
Bonus Share
Announcements/Resolutions

1-  Approve by the majority of shares represented in the meeting to appoint HE Khamis Juma Buamim as a board member in the Board of Gulf Navigation Holding PJSC

Special resolution:  

1- Approve by the majority of shares represented in the meeting to amend the Articles of Association of the Company amended as per the provisions of the Federal Law No 2 of 2015 concerning Commercial Companies and subject to the competent authorities’ approval.

2- It is not approved that authorized share capital of the company to be AED 5,000,000,000 (Five billion UAE Dirhams) as it is not in compliance with the Federal Law No 2 of 2015 concerning Commercial Companies

3- Approved by the majority of shares represented in the meeting that authorized share capital of the Company to be as AED 1,000,000,000 (One Billion UAE Dirhams Only).

4- Approved by the majority of shares represented in the meeting that the company’s activities to be in accordance with Islamic Sharia

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueThe Westin Dubai Mina Seyahi Beach Resort & Marina – United Arab Emirates
1 File(s)
Meeting Date/TimeMar 07, 2016 05:00:00 AMType of MeetingAnnual General Meeting
Net Profit/Loss20,172,000.00Cash Dividend
Bonus Share
Announcements/Resolutions

1)   Approve by the majority of 99.95% of the shares represented in the meeting the amendment to Article 21 of the Articles of Association of the Company by reducing the number of Board members from (11) to (7) members subject to the approval of the Securities and Commodities Authority and  the Dubai Department of Economic Development. The revised wording of Article 21 shall be as follows.

 “The management of the Company shall be entrusted with a Board of Directors consisting of (7) members provided that one third shall be independent members and the majority of the board members shall be non-executive members to be elected by the General Assembly of Shareholders by way of cumulative secret vote in accordance with the Companies Law. In accordance with the Cabinet Ministerial Decree No. (11/154) of 2006 the Company has been awarded an exemption in respect of the nationality of the chairman and the majority of Board members. The chairman may not be the general manager or chief executive officer.”

  2)      Elect the following Board members:

Abdulla Saeed Abdulla Mohamed Brook Al Hamiri

Anas Sobhi Ahmed Atatreh 

Ahmad Mohamed Fathi Kilani

Mohammad Ziad Tariq Raslan Al Hawari

Fraih Saeed Hilal Fraih Al Qubaisi

Pathikrit Tapan Banjeree

Magid Attlah Mathel Al Shamrookh

 3)      approve by majority the report of the Board of Directors on the Company’s activities and its financial position for the fiscal year ended on 31 December 2015.

 4)       approve by majority the External Auditors' report for the fiscal year ended on 31 December 2015.

5)      approve by majority the Balance Sheet and profit & loss statements for the fiscal year ended on 31 December 2015.

 6)      Approve by majority the discharge of the Board of Directors of the liability for their actions for the year ended 31 December 2015.

 7)      Discharge by majority vote the Company’s Auditors of the liability for their actions for the year ended 31 December 2015.

 8)      Appoint Ernest & Young as the auditors of the Company for the financial year 2016, as well as auditors for the Saudi branch and fixing their fees at AED 364000 for the Group and AED 48000 for the Saudi branch and request the new Board of Directors to negotiate down the fees.

 9)       Authorizing the new Board of Directors to reconsider the lease contract for the company’s offices and ensure that there is no conflict of interest and that the renewal of the lease with its current terms is in line with the company’s interest

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueCrowne Plaza Hotel Dubai Shiekh Zayed Road
1 File(s)
Meeting Date/TimeJan 18, 2016 05:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss20,172 millionCash Dividend
Bonus Share
Announcements/Resolutions1. Approve by majority the appointment of Mr. Jassim Alsidiqqi as Board member;

2.    The amendment of  to Article 21 of the Articles of Association of the Company by reducing the number of Board members from (11) to (5) members subject to the approval of the Securities and   Commodities   Authority   and  the Dubai Department of Economic Development   of the        revised wording as follows:

“the management of the Company shall be entrusted with a Board consisting of (5) members provided that one third will be independent members and the majority of the board member are non-executive members and the Board members are to be elected by the General Assembly of Shareholders by way of cumulative secret vote in accordance with the Companies Law. In accordance with the Cabinet Ministerial Decree No. (11/154) of 2006 the Company has been awarded an exemption in respect of the nationality of the chairman and majority of the Board members. the chairman may not be the general manager or chief executive officer. Due to the lack of a special resolution which requires a majority vote of 75% of the shareholders present in the meeting. This item has not been approved by the General Assembly

3.       Unanimously approve the authorization of both the vice chairman Mr. Salem Ali Al Zaabi and Mr. Jassim Alsidiqqi to have all the authorities to represent the Company and run its business and sign on its behalf including but not limited to negotiating with third parties and creditors in respect of the mandatory convertible bonds as decided by the General Assembly of the Shareholders on 18 January 2016 until the election of a new Board or filling the vacant positions on the Board in accordance with the laws and regulations.

4.       Unanimously approve the issuance by the Company of mandatory convertible bonds at a nominal value of one UAE Dirham (the “Bonds”) with the value of the first tranche will be AED (92) million equivalent to USD (25) million and approve the appointment of Shuaa Capital PJSC as financial advisor for the Company in relation to the issuance of Bonds to manage the issuance process and report to SCA

5.       Unanimously approve the Board of Directors’ proposal to offer the Bonds to the Company’s existing shareholders first and thereafter offering all the Bonds or the balance thereof, as the case may be, to the Company’s creditors

6.       Unanimously approve the Board of Directors’ proposal that the cash paid by the shareholders against Bonds be the higher of the average share price in the market during the 30 days preceding the passing of the General Assembly’s Special Resolution or the share price in the market at closing on the business day immediately preceding the date of the General Assembly meeting in which the Special Resolution approving the issuance of Bonds has been passed whereas for the creditors the monetary value of the Bonds shall be at least 5% higher than the one offered to the shareholders in accordance with the prospectus  as approved by SCA. The shareholders offering the highest price for the Bonds shall be given priority in allocation of Bonds

7.       Unanimously approve and authorize the Board of Directors to issue the Bonds in one or more tranches under a program and determine the date of mandatory conversion into shares and listing of those shares on the financial market provided that the allocation of Bonds or conversion into shares does not result in violating the minimum percentage allocated to the UAE nationals in the Company’s share capital

8.       Unanimously approve the creation a special reserve in the Company’s accounts for the difference between the nominal value of the Bonds and the cash amount received so that the whole net annual profit after deduction of reserves and amortizations is allocated to such special reserve on annual basis

9.       Unanimously approve and authorize the Board of Directors to take all legal procedures required to issue the Bonds without violation to the Commercial Companies Law, implementing regulations and applicable resolutions and obtain all required approvals and permits

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueCrown Plaze Hotel, Shiekh Zayed Road - Dubai - UAE
1 File(s)
Meeting Date/TimeApr 30, 2015 05:00:00 PMType of MeetingExtraordinary Meeting
Net Profit/Loss10,028,000Cash Dividend
Bonus Share
Announcements/Resolutions
  1. The shareholders decided to cancel the first item as it is not legally required as a result of the approval of the second item.

  2. The shareholders attending the EGM approve the Board of Directors proposal to extinguish part of the accumulated losses to the extent of the legal reserve as at 31/12/2014 amounting to AED32,549,000 (thirty two million and five hundred forty nine thousand) .

  3. The shareholders attending the EGM approve the Board of Directors proposal to convert, if the laws applicable in UAE allow, the current lenders loans up to USD 60 million into shares in the Company either directly by issuing shares equivalent to the amount of such loans or indirectly by way of issuing convertible bonds to the lenders .

  4. The shareholders attending the EGM approve the Board of Directors' proposal to allow the conversion of bonds into shares at a price less than the nominal value of the shares in case the share market price at the time of conversion is less than the share nominal value, if the laws and regulations applicable in UAE allow it and such proposal if adopted shall cover the convertible bonds that have been approved by the Company's EGM on 5 Jan 2014 and which the Board has not yet issued up to the date to this EGM and authorize the Board of Directors to obtain all required approvals from competent authorities to implement such proposal.

  5. The shareholders attending the EGM authorize the Board of Directors to negotiate and enter into settlement agreements to settle the debts.

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueLe Royal Meridian Beach Resort
1 File(s)
Meeting Date/TimeMar 26, 2015 04:30:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss10,028,000Cash Dividend
Bonus Share
Announcements/Resolutions
  1. Approved the report of the Company’s Board of Directors on the activities of the Company and its financial statements for the financial year ended 31st, December 2014.

  2. Approved the Auditors’ report for the financial year ended 31st, December 2014.

  3. Approved the audited financial statements for the financial year ended 31 December 2014.

  4. The Board Members were discharged for their action for the year ended 31st, December 2014.

  5. The Company’s Auditors are discharged of the liability of their actions for the year ending 31 December 2014.

  6. Approved the appointment of PWC, Saudi Accountant and BLS Chartered Accountant as Auditors of the Group and its Subsidiaries and other related companies in respect of various audit scope  for the financial year 2014 and  2015, and fixed their fees with an amount of AED 523,600 for Gulf Navigation Holding(PJSC)

  7. Approved the ratification of appointment of PWC and Saudi Accountant Chartered Accountant for the financial year 2012 and 2013 and fixing their fees with the amount of  AED 242, 202 in connection with  the audit of the company’s branch ((Gulf Navigation Holding,PJSC(Branch)) and Subsidiary in Hong Kong (Gulf Sheba Shipping Limited)

  8. Approved the appointment of Mr. Mubarak Ahmed Bin Fahad as a Board member in the event that he accepts to continue his duties as a Board Member.

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueLe Royal Meridian Beach Resort
1 File(s)
Meeting Date/TimeMay 05, 2014 04:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss(927,677)Cash Dividend
Bonus Share
Announcements/Resolutions

1.    Approved the Board of Directors report on the  company’s activities and its financial statements for the financial year ended 31 December 2013;

2.    Approved the Auditors' report for the financial year ended 31 December 2013;.

3.    Approved the audited financial statements for the  financial year ended 31 December 2013;

4.    Approved the recommendation of Board of Directors for not distributing dividends for the financial year ended 31 December 2013.

5.     The Board Members were discharged for their actions for the year ended 31 December 2013.

6.    Approved the appointment of Mr. Mubarak Bin Fahaed as a Board of Directors member, as he was appointed by the Board on 15th March 2014 in place of the resigned member Mrs. Sahia Ahmed.

7.    The Company’s Auditors were discharged for their actions for the year ended 31 December 2013.

8.    Approved the reappointment of PWC as Auditors of the Company for the financial year 2014, and fixed their fees with an amount of AED 275,598 for Gulf Navigation Holding (PJSC).

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueAmwaj Rotana- Sadaf ballroom- Dubai Walk JBR
1 File(s)
Meeting Date/TimeJan 05, 2014 05:00:00 PMType of MeetingExtraordinary Meeting
Net Profit/Loss(147,834,000.00)Cash Dividend
Bonus Share
Announcements/Resolutions

That the Company continues its business as a going concern and will not be dissolved

 

The approval of the Board’s proposal to reduce the capital by way of writing off the accumulated losses in the amount of AED (1,103,333,334), to become AED (551,666,666), after reduction and that the Board of Directors be authorized to take all necessary actions and obtain all required consents for the capital reduction, and amends the article No. (6) of the company’s Article of Association.

   

The approval of Board of Directors proposal of selling the two VLCC’s Gulf Sheba and Gulf Eyadah, and that the Board of Directors be authorized to negotiate the price, sign the sale agreements and complete the sale at the best available price

 

The approval of the Board of Directors proposal to increase the company’s capital through the issuance of convertible bonds into shares up to USD 130 million, and that the Board of Directors be authorized to take all the necessary actions, for the bonds issuance, negotiating, taking into consideration the bonds issuance, signing all the required contract, with the related parties as required for the issuance procedures. Authorize the Board of Directors to issue these bonds from the date of adopting the EGM these resolutions; through several stages within 5 years from as well not to issue any Convertible bonds into shares less than their nominal price (par value) at the time of conversion.

   

The approval of the Board of Directors’ proposal to amend Article (7) of the AOA of the Company in order to increase the ownership of the non- UAE and GCC nationals up to (49%) and authorize the Board of Directors to take the necessary measures in this regard be authorized

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueLe Royal Meridian - Dubai
1 File(s)
Meeting Date/TimeApr 25, 2013 05:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss(147,834,000.00)Cash Dividend0%
Bonus Share0%
Announcements/Resolutions

The ratification of the report of the Board of Directors on the Company's activities and its financial statements for the fiscal year ended 31/12/2012
Approve the recommendation of the Board of Directors not to distribute dividends 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
Reset the company's auditors for the financial year 2013 and determine their remuneration
Election of the Board of Directors for the next session

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueRoyal Meridien Resort - Dubai
1 File(s)
Meeting Date/TimeApr 22, 2012 05:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss(72,695,000) AEDCash Dividend
Bonus Share
Announcements/ResolutionsApproved the report of the Board of Directors on its activities and its financial statements for the fiscal year ended 31/12/2011- Approved the report of the Auditors for the financial year ended 31/12/2011- Approved the audited financial statements for the fiscal year ended 31/12/2011- Approved the recommendation of the Board of Directors not to distribute dividends for the financial year ended 31/12/2011- Discharged the members of the Board of Directors for their actions during the year ended 31/12/2011- Adopted to appoint Mr. Jamal Nasser Lootah Adhar the Board of Directors instead of Mr. Abdul Rahman Al Saleh, who resigned from his post - Approved the appointment of Faisal Al-Qahtani, instead of Mr. Mohammed Al Muallem, who resigned from his post- Discharged the company's auditors for their actions during the year ended 31/12/2011- Approved the reappointment of the company's auditors for the fiscal year 2012, and determine their fees.
Last Date For Dividend EntitlementN/AEx-Dividend DateN/A
Register Closing (Settlement) DateN/ATrading Suspension DateN/A
Trading Resuming DateN/ADividends Payment Date
Payment EntityMeeting VenueLe Royal Meridien Beach Resort, located on Al Sufouh Road, near Jumeirah Beach Resident - Dubai
1 File(s)
Top ShareholdersLast Refreshed at: 23 October 2017

Individual Investors

ShareholdersPercentage
INVEST AD UAE FOCUS FUND 10.88%
WALEED MOHAMMAD MOHAMMAD 7.01%
MOHAMMAD BIN AHMAD BIN SAEED ALQASSIMI 5.74%
H.H.SHEIKH TAHNOON BINMOHAMMED ALNEHAYAN5.08%

Associated Groups

Group NameShareholdersGroup Percentage
TABARAK INVESTMENT L L C
ROCK ALOWLA GENERAL TRADING 12.01%
DIAMOND LINE GENERAL TRADING LLC 9.37%
TABARAK INVESTMENT L L C 0.67%
22.04%
  • 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:
UAE 70.33% 100% 17.91% 100% 10.53% 49% 1.23% 49% 23-10-2017
Showing Last 10 Corporate Governance Reports - GULFNAV View all
  • 18-04-2017

    GULFNAV CGR - 2016

  • 31-12-2015

    Corporate Governance Report - GULFNAV 2015

  • 01-01-2011

    Corporate Governance Report GULFNAV 2011

Showing Corporate Actions - GULFNAV View all
Year2010Corporate Action TypeCash Dividends Distribution
Last Date For Action Entitlement3/10/2010Ex-Dividend Date3/11/2010
Register Closing (Settlement) Date3/14/2010Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 03% cash dividends as agreed at the AGM held on 04/03/2010.
Year2009Corporate Action TypeCash Dividends Distribution
Last Date For Action Entitlement3/11/2009Ex-Dividend Date3/12/2009
Register Closing (Settlement) Date3/15/2009Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 3% cash dividends as agreed at the AGM held on 05/03/2009.
Year2008Corporate Action TypeCash Dividends Distribution
Last Date For Action Entitlement4/7/2008Ex-Dividend Date4/8/2008
Register Closing (Settlement) Date4/9/2008Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 7% cash dividends as agreed in their AGM held on 30/03/2008.
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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