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

United Foods Company (PSC)

UFC
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  • Market: DFM
  • Symbol: UFC
  • ISIN: AEU000901014
  • Sector: Consumer Staples and Discretionary

Company Brief

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

United Foods Company (PSC) (the “Company”) was incorporated in Dubai on 1 November 1976 by a Decree issued by His Highness, The Ruler of Dubai. On 27 June 1994, the Company amended its status to a Public Shareholding Company to comply with the provisions of the UAE Commercial Companies Law No. 8 of 1084 (as amended). The Company listed its shares on the Dubai Financial Market (DFM) on July 2006.

The Company is primarily engaged in the manufacturing, processing and marketing of hydrogenated vegetable ghee, cooking oil, margarine, butter products, animal oil and fat manufacturing.

Key Facts

ESTABLISHED

Nov 4, 1976

AUDITOR

ERNST & YOUNG

FISCAL YEAR END

DECEMBER

REGISTRAR

United Foods

Board Members

CHAIRMAN

Mr. Ali Bin Humaid Ali Abdalla Al Owais

DEPUTY

Mr. Mohamed Salim Rashid Abdalla Al Owais

MEMBERS
Mr. Mohamed Abdelaziz Ali Abdalla Al Owais
Mr. Abdulla Rahma Abdulla Rahma Al Owais
Mr. Khalid Nasser Humaid Al Shamsi
Mr. Ahmed Abdulla Sultan Abdulla Al Owais

Top Management

EXECUTIVE DIRECTOR

Mr. Mohamed Abdel Aziz Al Owais

CEO

Mr. Fethi Khairi

CFO
Avinash Mittal

Chief Marketing and Sales
Mourad Tarzi

Chief Supply Chain
Rajeev Singh

Chief Human Resource
Reji Paul

Legal Advisor
Mohamed Shawky Abdul Kreem

Contact Information Investor Relationship Manager: 
Mr. Mohamed Shawky

Office: +971 (4) 3382688 (EXT: 203)
Fax:    +971 (4) 3381987
MShawky@unitedfoods.ae

 

 

 

Equity Profile

DATE OF LISTING

Jul 30, 2006

SECTOR

Consumer Staples

AUTHORIZED CAPITAL:

30,250,000.00 AED

ISSUED SHARES

30,250,000.00

PER VALUE SHARE

1.00 AED

Contact Details

Head Office

Dubai - Al Quoz

Address

P.O. Box 5836 Dubai, United Arab Emirates

Phone No.

(9714) 338 2688

Fax No.

(9714) 338 1987

Email address:

aseel@emirates.net.ae

Website
www.unitedfoods.ae
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Showing Last 10 Financial Reports - UFC View all
UFC 14-11-2017 08:50 AM

Financial statements for the 3rd QTR of 2017

1 File(s)
UFC 30-06-2017 12:56 AM

Financial statements for the 2nd QTR of 2017

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

Financial statements for the 1st QTR of 2017

1 File(s)
UFC 01-03-2017 01:56 AM

Financial statements for the year of 2016

1 File(s)
UFC 30-09-2016 11:02 AM

Financial statements for the 3rd QTR of 2016

1 File(s)
UFC 30-06-2016 01:34 AM

Financial statements for the 2nd QTR of 2016

1 File(s)
UFC 15-05-2016 06:04 AM

Financial statements for the 1st QTR of 2016

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

Financial statements for the year of 2015

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

Financial statements for the 3rd QTR of 2015

1 File(s)
UFC 06-08-2015 03:30 AM

Financial statements for the 2nd QTR of 2015

1 File(s)
Showing Last 10 General Meetings - UFC View all
Meeting Date/TimeMar 15, 2017 11:00:00 AMType of MeetingGeneral Assembly
Net Profit/Loss26,175,228Cash Dividend10
Bonus Share
Announcements/Resolutions

Special Resolution:

Approved the initial estimates of the transactions with related parties for the year 2017.

United cans Company, supplies worthan approximate 766,666 dirhams per month, the total amount of AED 9,199,992 annually represents a monthly average of 2.53% of the capital of the company approx.

Modern Bakery (LLC), worth anapproximate sales of AED 125,000 per month of edible oil and Ghee, buy total amount of AED 1.5 million annually and represents a monthly average of 0.41% ofthe company's capital almost.

1. Approved the Directors’ report on the Company’s activities and its financial position for the year ended 31/12/2016.

2. Adopted and approved the report of the Company’s auditor for the year ended 31/12/2016.

3. Adopted and approved the Company’s statement of financial position and income statement for the year ended 31/12/2016.

4. Approved the recommendation of the Company’s board of directors for distribution of 10% Cash dividends for the year ended 31/12/2016.

5. Discharged the Company’s board members and its auditors of any liability for the financialyear ended on 31/12/2016.

6. Approved remunerations of Company's board members.

7. Ernst& Young was reappointed as external auditor and the audit fees of AED 160,000for the year 2017 including quarterly reviews was approved.

8. Approved Board elected as follows:

Mr. Ali Humaid Al Owais.

Mr. Mohamed Salim Rashid Al Owais.

Mr. Mohamed Abdel Aziz Al Owais.

Mr. Abdullah Rahma Al Owais.

Mr. Ahmed Abdullah Sultan Al Owais.

               Mr. Khalid Nasier Humaid Al Shamsi.
Last Date For Dividend EntitlementWednesday, March 22, 2017Ex-Dividend DateThursday, March 23, 2017
Register Closing (Settlement) DateSunday, March 26, 2017Trading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityDFMMeeting VenueCompany’s main premises, in Al Quoz, Dubai
1 File(s)
Meeting Date/TimeJun 14, 2016 11:00:00 AMType of MeetingAnnual General Meeting
Net Profit/Loss27,782,439 Cash Dividend
Bonus Share
Announcements/Resolutions

1- Approved the amendment of Company Articles of Associations to comply with the legal requirements of Federal Commercial Companies Law No. 2 of 2015, subject to related authorities approvals.

2-  Adopted and approved estimated transaction with related parties as following.


- Monthly AED1,229,000 with United Cans Company.

- Monthly AED 105,000with Modern Bakery.

3- Approved the recommendation of the Company’s board of directors for launching new branches out of the country and equity investment in UAE markets subject to related authority’s approvals and consistent with the company articles.

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueUFC - office
2 File(s)
Meeting Date/TimeMar 09, 2016 04:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss27,782,439Cash Dividend10
Bonus Share10
Announcements/Resolutions1- Approved the Directors’ report on the Company’sactivities and its financial position for the year ended 31/12/2015.
2- Adopted and approved the report of the Company’s auditorfor the year ended 31/12/2015.
3- Adopted and approved the Company’s statement offinancial position and income statement for the year ended 31/12/2015.
4- Approved the recommendation of the Company’s board ofdirectors for distribution of
10%Cash dividends for the year ended 31/12/2015.
5- Approved the recommendation of the Company’s board ofdirectors for distribution of 10% bonus shares, to increase the capital ofcompany and comply with the legal requirements of Federal Commercial CompaniesLaw No. 2 of 2015.
6- Discharged the Company’s board members and itsauditors of any liability for the financial year ended on 31/12/201
5.
7- Approved the remunerations of Company's board members.
8- Ernst & Young was reappointed as external auditorand the audit fees of AED 160,000 for the year 2016 including quarterly reviewswas approved.
9- The Chairman of the Board was authorized to take thenecessary steps to implement the resolutions adopted by the general assembly,including amendment of Company Articles of Associations to comply with thelegal requirements of Federal Commercial Companies Law No. 2 of 2015.
Last Date For Dividend EntitlementWednesday, March 16, 2016Ex-Dividend DateThursday, March 17, 2016
Register Closing (Settlement) DateSunday, March 20, 2016Trading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueCompany’s main office
1 File(s)
Meeting Date/TimeMar 19, 2015 11:30:00 AMType of MeetingAnnual General Meeting
Net Profit/Loss16,133,362000Cash Dividend10%
Bonus Share
Announcements/Resolutions

-  Approved the Directors’ report on the Company’s activities and its financial position for the year ended 31/12/2014.

- Adopted and approved the report of the Company’s auditor for the year ended 31/12/2014.

- Adopted and approved the Company’s statement of financial position and income statement for the year ended 31/12/2014.

- Approved the recommendation of the Company’s board of directors for distribution of 10% Cash dividends for the year ended 31/12/2014.

- Discharged the Company’s board members and its auditors of any liability for the financial year ended on 31/12/2014.

- Approved the remunerations of Company's board members

- Ernst & Young was reappointed as external auditor, with the audit fees of AED 168,000 for the year 2015.

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 Date
Payment EntityMeeting VenueCompany’s main premises
1 File(s)
Meeting Date/TimeApr 24, 2013 04:30:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss15,417,927.00Cash Dividend0%
Bonus Share10%
Announcements/Resolutions

Approval of the directors' report on the company's activities and financial position for the financial year ended 31/12/2012 as well as the approval of the report of the external auditors of the Company for the same period
Approval of the consolidated financial statement of financial position and statement of comprehensive income for the year ended 31/12/2012
Discharge of the members of the Board of Directors and auditors for the financial year ended 31/12/2012
To approve the Board's proposal to distribute dividends by 10% in the form of bonus shares to shareholders
Approval of the proposed Directors' remuneration for the year 2012
Reset the company's auditors for the financial year 2013 and determine their fees

Last Date For Dividend EntitlementWednesday, May 01, 2013Ex-Dividend DateThursday, May 02, 2013
Register Closing (Settlement) DateSunday, May 05, 2013Trading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueThe company's headquarters
1 File(s)
Meeting Date/TimeApr 22, 2012 04:30:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss20,965,853.00 AEDCash DividendN/A
Bonus ShareN/A
Announcements/ResolutionsAdopt and approve the report of the Governing Council on its activities and financial position for the year ended 31/122011- Ratified on the balance sheet and statement of comprehensive income for the company for the financial year ended 31/12/2011- Discharge of the board members and auditors of the company's responsibility for their actions during the year 2011- Appointed auditors of the Company for the 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 VenueThe Head office - Al Quoz - Sheikh Zayed Road - Dubai
1 File(s)
Meeting Date/TimeMay 29, 2011 05:00:00 PMType of MeetingAnnual General Meeting
Net Profit/LossAED 54,043,279Cash Dividend
Bonus Share
Announcements/Resolutions- Increase the no. of BOD members to 8 members - Elect BOD members fot the upcoming 3 years
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueCompany's Head Office
Meeting Date/TimeMar 23, 2011 05:30:00 PMType of MeetingExtraordinary Meeting
Net Profit/LossAED 54,043,279Cash Dividend
Bonus Share
Announcements/Resolutions- Approved amendments on Memorandum of Association
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueCompany’s building
Meeting Date/TimeMar 23, 2011 04:30:00 PMType of MeetingAnnual General Meeting
Net Profit/LossAED 54,043,279Cash Dividend70%
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 to distribute 70% cash 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 BOD remuneration
Last Date For Dividend Entitlement30/03/2011Ex-Dividend Date31/03/2011
Register Closing (Settlement) Date03/04/2011Trading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueCompany’s building
Meeting Date/TimeApr 25, 2009 11:00:00 AMType of MeetingAnnual General Meeting
Net Profit/LossAED (44,409,918)Cash 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
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 VenueCompany’s building
Top ShareholdersLast Refreshed at: 16 November 2017

Individual Investors

ShareholdersPercentage
حميد على عبدالله العويس 13.80%
محمد و عبيد الملا ش .ذ.م.م 9.31%
موزه سويدان سعيد زوجه سلطان على العويس 8.67%
RAHMA ABDULLA RAHMA ALOWAIS 8.67%
EMIRATES INVESTMENT BANK 8.00%
FATIMA ALI ABDALLA ALOWAIS 6.55%
MOZA ALI ABDALLA ALOWAIS 6.51%
ALYA ALI ABDALLA ALOWAIS 6.50%
MARIAM ALI ABDALLA ALOWAIS 6.50%
MAITHA ALI ABDALLA ALOWAIS 6.41%

  • 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 99.95% 100% 0% 49% 0% 49% 0.05% 49% 16-11-2017
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Showing Corporate Actions - UFC View all
Year2017Corporate Action TypeCash Dividends
Last Date For Action Entitlement3/22/2017Ex-Dividend Date3/23/2017
Register Closing (Settlement) Date3/26/2017Trading 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 15/03/2017
Year2016Corporate Action TypeCash dividends & Bonus Shares
Last Date For Action Entitlement3/16/2016Ex-Dividend Date3/17/2016
Register Closing (Settlement) Date3/20/2016Trading Suspension Date8/9/1900
Trading Resuming Date8/9/1900Run (Effective) Date8/9/1900
Corporate Action DetailsDistribute 10% cash dividends, and 10% bonus shares as agreed at the GA held on 09/03/2016
Year2015Corporate Action TypeCash dividends
Last Date For Action EntitlementNot AvailableEx-Dividend DateNot Available
Register Closing (Settlement) DateNot AvailableTrading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 10% cash dividends as agreed at the AGM held on 19/03/2015
Year2014Corporate Action TypeCash dividends
Last Date For Action Entitlement4/30/2014Ex-Dividend Date5/1/2014
Register Closing (Settlement) Date5/4/2013Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 10% cash dividends as agreed at the AGM held on 24/04/2014
Year2013Corporate Action TypeBonus Shares
Last Date For Action Entitlement5/1/2013Ex-Dividend Date5/2/2013
Register Closing (Settlement) Date5/5/2013Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsIssue bonus shares of 10% as agreed at the Annual General Meeting held on 24/04/2013
Year2011Corporate Action TypeCash Dividends Distribution
Last Date For Action Entitlement3/30/2011Ex-Dividend Date3/31/2011
Register Closing (Settlement) Date4/3/2011Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 70% cash dividends as agreed at the AGM held on 23/03/2011
Year2010Corporate Action TypeCash Dividends Distribution
Last Date For Action Entitlement4/19/2010Ex-Dividend Date4/21/2010
Register Closing (Settlement) Date4/21/2010Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 30% cash dividends as agreed at the AGM held on 11/04/2010.
Year2008Corporate Action TypeCash Dividends Distribution
Last Date For Action Entitlement4/21/2008Ex-Dividend Date4/22/2008
Register Closing (Settlement) Date4/23/2008Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 10% cash dividends as agreed in their AGM held on 13/04/2008.
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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