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

Dubai National Insurance & Reinsurance

DNIR
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  • Market: DFM
  • Symbol: DNIR
  • ISIN: AED000101017
  • Sector: Insurance

Company Brief

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

Dubai National Insurance & Reinsurance (P.S.C.) (the “Company”) is a public shareholding company incorporated in Dubai on January 06, 1992 with a branch in Beirut, Lebanon.

The Company is engaged in insurance and reinsurance of all classes of business in accordance with the provisions of the UAE Federal Law No. 6 of 2007 relating to insurance companies and insurance agents.

Key Facts

ESTABLISHED

Jan 6, 1992

AUDITOR

Grant Thornton

FISCAL YEAR END

DECEMBER

REGISTRAR

Dubai National Insurance & Reinsurance

Board Members

CHAIRMAN

Mr. Khalaf Ahmed Mohamed Al Habtoor

DEPUTY

Mr. Sultan Ahmed Al Habtoor

MEMBERS

Mr. Mohammed Khalaf Ahmed Al Habtoor
Mr. Mohammed Abdulla Amer Al Falasi
Mr. Abdullah Fadhel Al Mazrooei

Top Management

GENERAL MANAGER

Mr. Ramez Abou Zaid

Equity Profile

DATE OF LISTING

Mar 26, 2000

SECTOR

Insurance

AUTHORIZED CAPITAL:

115,500,000.00 UAE Dirham

ISSUED SHARES

115,500,000.00

PER VALUE SHARE

1.00 UAE Dirham

Contact Details

Head Office

Dubai, UAE

Address

P.O.Box: 1806,Port Saeed, Dubai , U.A.E.

Phone No.

+971 4 295 6700

Fax No.

+971 4 295 6711

Email address:

mails@dnirc.com

Website

http://www.dnirc.com/

Showing Last 10 Disclosures - DNIR View all
DNIR 29-11-2018 02:05 AM

Financial statements for the 3rd QTR of 2018

1 File(s)
DNIR 12-11-2018 01:35 AM

Results of BOD meeting including financial statements for the 3rd QTR of 2018

2 File(s)
DNIR 06-11-2018 02:47 AM

BOD meeting

1 File(s)
DNIR 12-08-2018 01:06 AM

Results of BOD meeting including financial statements for the 2nd QTR of 2018

2 File(s)
DNIR 06-08-2018 10:54 AM

BOD meeting

1 File(s)
DNIR 11-07-2018 08:38 AM

Disclosure of exposure to Abraj Group Company

1 File(s)
DNIR 30-06-2018 10:30 AM

Financial statements for the 2nd QTR of 2018

1 File(s)
DNIR 16-05-2018 09:27 AM

Financial statements for the 1st QTR of 2018

1 File(s)
DNIR 15-05-2018 08:05 AM

Results of BOD meeting including financial statements for the 1st QTR of 2018

2 File(s)
DNIR 08-05-2018 02:48 AM

BOD meeting

1 File(s)
Showing Last 10 Issuer News - DNIR View all
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Showing Last 10 Financial Reports - DNIR View all
DNIR 29-11-2018 02:05 AM

Financial statements for the 3rd QTR of 2018

1 File(s)
DNIR 30-06-2018 10:30 AM

Financial statements for the 2nd QTR of 2018

1 File(s)
DNIR 16-05-2018 09:27 AM

Financial statements for the 1st QTR of 2018

1 File(s)
DNIR 31-01-2018 02:46 AM

Financial statements for the year of 2017

1 File(s)
DNIR 30-09-2017 10:52 AM

Financial statements for the 3rd QTR of 2017

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

Financial statements for the 2nd QTR of 2017

1 File(s)
DNIR 14-05-2017 02:38 AM

Financial statements for the 1st QTR of 2017

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

Financial statements for the year of 2016

1 File(s)
DNIR 30-09-2016 11:53 AM

Financial statements for the 3rd QTR of 2016

1 File(s)
DNIR 30-06-2016 12:07 AM

Financial statements for the 2nd QTR of 2016

1 File(s)
Showing Last 10 General Meetings - DNIR View all
Meeting Date/TimeMar 07, 2018 10:00:00 AMType of MeetingGeneral Assembly
Net Profit/Loss50,067,000Cash Dividend30
Bonus Share
Announcements/Resolutions

1.        Board of Directors’ report for the company activities and financial results for the financial year ended at 31/12/2017 has been approved.

2.        The Auditor’s report for the year ended at 31/12/2017 has been approved.

3.        The Company’s financial statements for the year ended at 31/12/2017 has been approved.

4.        It has been approved to distribute cash dividend of 30% paid up share capital AED 34.650/- Million (Thirty-Four Million, six hundred and fifty thousand Dirhams) Shareholders who are listed by the end of Sunday 18/03/2018 are eligible to receive dividend.

5.        A Remuneration of 10% of net profits of AED 5.006/- (Five Million, six thousand Dirhams) for the Board of Director’s has been approved.

6.        The Chairman and the Members of the board were discharged from any liabilities related to their duties during the year ended at 31/12/2017.

7.        Auditors were discharged from any liabilities related to their duties during the year ended at 31/12/2017.

8.        M/S Grant Thornton has been reappointed as Statutory Auditors for the year 2018.

9.        The New Board Members were elected in accordance to the corporate governance code for the period 2018-2020 as follows:

-          Mr. Khalaf Ahmed Al Habtoor  -Chairman Executive – Member

-          Mr. Sultan Ahmed Al Habtoor - Vice Chairman - Non-Executive Member

-          Mr. Mohammed Khalaf Al Habtoor - Managing Director - Executive Member

-          Mr. Mohamed Al Falasy Director   - Independent Member

-          Mr. Abdulla Fadhel Almazrooei - Director Independent -Member

Last Date For Dividend EntitlementWednesday, March 14, 2018Ex-Dividend DateThursday, March 15, 2018
Register Closing (Settlement) DateSunday, March 18, 2018Trading Suspension Date
Trading Resuming DateDividends Payment DateMonday, April 02, 2018
Payment EntityMeeting VenueAl Habtoor Group Headquarters Dubai Al Wasl Road Bldg No. 727
1 File(s)
Meeting Date/TimeMar 07, 2017 10:00:00 AMType of MeetingGeneral Assembly
Net Profit/Loss44,033,234Cash Dividend25
Bonus Share
Announcements/Resolutions

1.      Board of Directors’ report for the company activities and financial results for the financial year ended at 31/12/2016 has been approved.

2.      The Auditor’s report for the year ended at 31/12/2016 has been approved.

3.      The Company’s financial statements for the year ended at 31/12/2016 has been approved.

4.      It has been approved to distribute cash dividend of 25% paid up share capital AED 28.875/- Million (Twenty-eight Million, eight hundred and seventy five thousand Dirhams) 

Shareholders who are listed by the end of Sunday 19/03/2017 are eligible to receive dividend.

5.      A Remuneration of 10% of net profits of AED 3.825/- (Three Million, eight hundred and twenty five thousand Dirhams) for the Board of Director’s has been approved.

6.      It has been approved to appoint Mr. Abdulla Fadhel Al Mazrooei as an independent board member instead of Mr. Sary Al Mansoury.

7.      The Chairman and the Members of the board were discharged from any liabilities related to their duties during the year ended at 31/12/2016.

8.      Auditors were discharged from any liabilities related to their duties during the year ended at31/12/2016.

9.      M/S Grant Thornton has been reappointed as Statutory Auditors for the year 2017. 


Last Date For Dividend EntitlementWednesday, March 15, 2017Ex-Dividend DateThursday, March 16, 2017
Register Closing (Settlement) DateSunday, March 19, 2017Trading Suspension Date
Trading Resuming DateDividends Payment DateTuesday, April 04, 2017
Payment EntityMeeting VenueAl Habtoor Group Headquarters Dubai Al wasl Road Bldg. No. 727
1 File(s)
Meeting Date/TimeMar 07, 2016 10:00:00 AMType of MeetingAnnual General Meeting
Net Profit/Loss40,810,840 Cash Dividend20%
Bonus Share
Announcements/Resolutions

1.  Board of Directors' reports for the company activities and financial result for the financial year ended at 31/12/2015 had been approved.                                                                                            

2.  The Auditor's report for the year ended at 31/12/2015 had been approved.

3.  The Company's financial statements for the year ended 31/12/2015 has been approved. 

4.  Transfer of AED 40 Million (Forty Million Dirhams) from General Reserve to Retained Earnings has been approved.

5.  It has been approved to distribute cash dividend of 20% of paid up share capital -AED 23.100 Million (Twenty-three Million, one hundred thousand Dirhams).

Shareholders who are listed by the end of Thursday 17/03/2016 are eligible to receive dividend.

6.  A Remuneration of 10% of net profits of AED 3.504 Million (Three million, five hundred and four thousand Dirhams) for the Board of Director's has been approved.

7. The Chairman and the Members of the Board were discharged from any liabilities related to their duties during the year ended 31/12/2015.

8. Auditors were discharged from any liabilities related to their duties during the year ended 31/12/2015.

9.  M/S.Grant Thornton has been reappointed as Statutory Auditors for the year 2016.

10. It has been approved to amend the company Article of Association to comply with the Federal Law No. (2) Of 2015 for the commercial companies.

Last Date For Dividend EntitlementTuesday, March 15, 2016Ex-Dividend DateWednesday, March 16, 2016
Register Closing (Settlement) DateThursday, March 17, 2016Trading Suspension Date
Trading Resuming DateDividends Payment DateWednesday, March 30, 2016
Payment EntityMeeting VenueAl Habtoor Group headquarters, Dubai, Al Wasl Road, Bldg. No. 727
1 File(s)
Meeting Date/TimeMar 09, 2015 10:00:00 AMType of MeetingAnnual General Meeting
Net Profit/Loss35,771,000Cash Dividend20.00%
Bonus Share
Announcements/Resolutions

Pleasebe informed that the Ordinary General Meeting had been convened on Monday 09thMarch 2015 and passed the following resolutions:-

  1. Board of Directors' reportsfor the company activities and financial result for the financial year ended at31/12/2014 has been approved.

  2. The Auditor's report for the year ended at 31/12/2014 had been approved.

  3. The Company's financial statements for the year ended 31st December 2014 has been approved.

  4. It has been approved to distribute 20% of paid up share capital of AED 23.100 Million.

    Shareholders who are listed by the end ofThursday 19/03/2015 are eligible to receive dividend.

  5. The Chairman and the Members of the Board and Auditors were discharged from any liabilities relatedto their duties during the year end 31/12/2014.

  6. A Remuneration of 10% of net profits (AED 2.99Million) for the Board of Director's has been approved.

  7. M/S. Grant Thornton has been reappointed as Statutory Auditors for the year 2015.

  8. The New Board Members were elected  in accordance to the corporate governance code for the period 2015-2017 asfollows:

1

Mr. Khalaf Ahmed Al Habtoor 

Chairman

Non-Executive

Member

2

Mr. Sultan Ahmed Al Habtoor

Vice Chairman

Non-Executive

Member

3

Mr. Mohammed Khalaf Al Habtoor.

Managing Director

Executive Member

4

Mr. Mohamed Al Falasy

Director

Independent

Member

5

Mr. Sari Al Mansoori

Director

Independent

Member

 

 

 


Last Date For Dividend EntitlementTuesday, March 17, 2015Ex-Dividend DateWednesday, March 18, 2015
Register Closing (Settlement) DateThursday, March 19, 2015Trading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueAl Habtoor Group headquarters, Dubai, Al Wasl Road, Bldg. No. 727
1 File(s)
Meeting Date/TimeMar 17, 2013 10:00:00 AMType of MeetingAnnual General Meeting
Net Profit/Loss29,113,000Cash Dividend20%
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
Approval of the Governing Council on the proposals cash dividend by 20% of the capital.
Discharge of the members of the Board of Directors and Auditors for the financial year ended 31/12/2012.
Approval of the board of directors' remuneration.
Appointment of auditors for the year 2013 and determine their remuneration.

Last Date For Dividend EntitlementMonday, March 25, 2013Ex-Dividend DateTuesday, March 26, 2013
Register Closing (Settlement) DateWednesday, March 27, 2013Trading Suspension DateSunday, March 17, 2013
Trading Resuming DateSunday, March 17, 2013Dividends Payment Date
Payment EntityMeeting VenueThe headquarters of the Al Habtoor Group - Dubai - Al Wasl Road, Building No. 727
1 File(s)
Meeting Date/TimeMar 17, 2013 10:00:00 AMType of MeetingAnnual General Meeting
Net Profit/Loss29.113 millionCash Dividend20%
Bonus Share0%
Announcements/Resolutions
  1. Board of directors’ reports for the company activities and financial results for the financial year ended at 31/12/2012 had been approved

  2. The auditor’s report for the year ended at 31/12/2012 had been approved

  3. The company’s financial statements for the year ended 31/12/2012 has been approved

  4. It has been approved to distribute 20% of cash dividend

  5. The chairman and the members of the board and auditors were discharged from any liabilities related to their duties during the year end 31/12/2012

  6. The board of director’s remuneration had been approved

  7. M/S. Grant Thornton has been reappointed as statutory auditors for the year 2013

Last Date For Dividend EntitlementMonday, March 25, 2013Ex-Dividend DateTuesday, March 26, 2013
Register Closing (Settlement) DateWednesday, March 27, 2013Trading Suspension DateSunday, March 17, 2013
Trading Resuming DateSunday, March 17, 2013Dividends Payment Date
Payment EntityMeeting VenueAl Habtoor Group Building –Al Wasel street - Building number:727 - Dubai
1 File(s)
Meeting Date/TimeApr 05, 2012 09:30:00 AMType of MeetingAnnual General Meeting
Net Profit/Loss23,620,000.00 AEDCash Dividend15 %
Bonus Share5%
Announcements/ResolutionsApproved the report of the Board of Directors on the activities of the company and its financial position during the financial year ended 31/12/2011. Approved auditor's report for the financial year ended 31/12/2011 was approved to the financial statements for the year ended 31/12/2011- approved unanimously on the distribution of bonus shares by 5% in addition to the distribution of 15% cash dividends-. discharged the members of the board of directors and auditors from any responsibility for the performance of their duties during the financial year ended 31/12/2011- Approved reward the members of the Board of Directors - elected members of the Board of Directors for the years from 2012 to 2014- re-appointed auditors for the year 2012 and determine their remuneration
Last Date For Dividend Entitlement11/04/2012Ex-Dividend Date12/04/2012
Register Closing (Settlement) Date15/04/2012Trading Suspension Date05/04/2012
Trading Resuming Date05/04/2012Dividends Payment Date
Payment EntityMeeting VenueThe headquarters of the Al Habtoor Group - Al Wasl Road - Building 727
1 File(s)
Meeting Date/TimeMar 30, 2011 11:00:00 AMType of MeetingAnnual General Meeting
Net Profit/LossAED 21,751,000Cash Dividend20%
Bonus Share
Announcements/Resolutions- Approved Directors and auditor’s report for the year ended 31/12/2010 - Approved balance sheet and the Income Statement of the company for the year ended 31/12/2010 - Approved to distribute 20% cash dividend - Absolved the members of the Board of Directors and the auditors from responsibilities for the year ended 31/12/2010 – Approved to re-appoint auditors for the Financial Year 2011 - Approved the BOD remuneration
Last Date For Dividend Entitlement06/ April /2011 Ex-Dividend Date07/ April /2011
Register Closing (Settlement) Date10/ April /2011 Trading Suspension Date30/03/2011
Trading Resuming Date31/03/2011Dividends Payment Date
Payment EntityMeeting VenueMetropolitan Hotel
Meeting Date/TimeMar 25, 2009 11:00:00 AMType of MeetingExtraordinary Meeting
Net Profit/LossAED 43,529,000Cash Dividend
Bonus Share
Announcements/Resolutions- Approved the amendment on Memorandum of Association in accordance with the Corporate Governance Code for joint stock companies and institutional discipline criteria
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date25/March/2009
Trading Resuming Date26/March/2009Dividends Payment Date
Payment EntityMeeting VenueMetropolitan Hotel
Meeting Date/TimeMar 25, 2009 11:00:00 AMType of MeetingAnnual General Meeting
Net Profit/LossAED 43,529,000Cash Dividend40%
Bonus Share
Announcements/Resolutions- Approved Directors and auditor’s report for the year ended 31/12/2008 - Approved on the consolidated financial statements for the year ended 31/12/2008 - Approved to distribute 40% cash dividend - Absolved the members of the Board of Directors and the auditors from responsibilities for the year ended 31/12/2008 – Approved to re-appoint auditors for the Financial Year 2009 – Approved to appoint BOD members
Last Date For Dividend Entitlement01/ April /2009 Ex-Dividend Date02/ April /2009
Register Closing (Settlement) Date05/ April /2009 Trading Suspension Date25/March/2009
Trading Resuming Date26/March/2009Dividends Payment Date
Payment EntityMeeting VenueMetropolitan Hotel
Top ShareholdersLast Refreshed at: 10 December 2018

Individual Investors

ShareholdersPercentage
KHALAF AHMAD MOHAMMAD ALHABTOOR 26.03%
الحبتور للا ستثمار ش .ذ.م.م 10.79%
MOHAMMAD BINAHMAD BINSAEED ALQASSIMI 10.51%
SALEM ABDULLA SALEM ALHOSANI 7.99%
مجموعه سلطان احمد الحبتور للاستثمار 7.08%

  • 1 EN
    1

    Article of Association - 0001

Foreign Investments View all
National GCC Arab Foreign
Country of Origin Actual Permitted Actual Permitted Actual Permitted Actual Permitted As of Date:
United Arab Emirates 98.93% 100% 0.14% 30% 0.75% 25% 0.18% 25% 10-12-2018
Showing Last 10 Corporate Governance Reports - DNIR View all
  • 19-06-2018

    DNIR - CGR 2017

  • 21-02-2017

    DNIR CGR 2016

  • 31-12-2015

    Corporate Governance Report - DNIR 2015

  • 27-05-2014

    Corporate Governance Report DNIR 2014

  • 01-01-2011

    Corporate Governance Report DNIR 2011

Showing Corporate Actions - DNIR View all
Year2018Corporate Action TypeCash Dividends
Last Date For Action Entitlement3/14/2018Ex-Dividend Date3/15/2018
Register Closing (Settlement) Date3/18/2018Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 30% cash dividends as agreed at the GA held on 07/03/2018
Year2017Corporate Action TypeCash Dividend
Last Date For Action Entitlement3/15/2017Ex-Dividend Date3/16/2017
Register Closing (Settlement) Date3/19/2017Trading Suspension Date1/1/1900
Trading Resuming Date1/1/1900Run (Effective) Date1/1/1900
Corporate Action DetailsDistribute 25% cash dividends as agreed at the GA held on 07/03/2017
Year2016Corporate Action TypeCash Dividends
Last Date For Action Entitlement3/15/2016Ex-Dividend Date3/16/2016
Register Closing (Settlement) Date3/17/2016Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 20% cash dividends as agreed at the GA held on 07/03/2016
Year2016Corporate Action Typecash dividends
Last Date For Action Entitlement3/14/2016Ex-Dividend Date3/15/2016
Register Closing (Settlement) Date3/16/2016Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 20% cash dividends as agreed at the GA held on 07/03/2016.
Year2015Corporate Action TypeCash Dividends
Last Date For Action EntitlementNot AvailableEx-Dividend DateNot Available
Register Closing (Settlement) DateNot AvailableTrading Suspension Date9/3/2015
Trading Resuming Date9/3/2015Run (Effective) DateNot Available
Corporate Action DetailsDistribute 20% cash dividends as agreed at the AGM held on 09/03/2015
Year2014Corporate Action TypeCash Dividends
Last Date For Action Entitlement4/2/2014Ex-Dividend Date4/3/2014
Register Closing (Settlement) Date4/6/2014Trading Suspension Date3/26/2014
Trading Resuming Date3/26/2014Run (Effective) DateNot Available
Corporate Action DetailsDistribute 20% cash dividends as agreed at the AGM held on 26/03/2014
Year2013Corporate Action TypeCash Dividends
Last Date For Action Entitlement3/25/2013Ex-Dividend Date3/26/2013
Register Closing (Settlement) Date3/27/2013Trading Suspension Date3/17/2013
Trading Resuming Date3/17/2013Run (Effective) DateNot Available
Corporate Action DetailsDistribute 20% cash dividends as agreed at the AGM held on 17/03/2013
Year2012Corporate Action TypeCash Dividends Distribution
Last Date For Action Entitlement4/11/2012Ex-Dividend Date4/12/2012
Register Closing (Settlement) Date4/15/2012Trading Suspension Date4/5/2012
Trading Resuming Date4/5/2012Run (Effective) DateNot Available
Corporate Action DetailsDistribute 15 % cash dividends as agreed at the AGM held on 05/04/2012
Year2012Corporate Action TypeBonus Shares
Last Date For Action Entitlement4/11/2012Ex-Dividend Date4/12/2012
Register Closing (Settlement) Date4/15/2012Trading Suspension Date4/5/2012
Trading Resuming Date4/5/2012Run (Effective) DateNot Available
Corporate Action DetailsIssue bonus shares of 5% as agreed at the Annual General Meeting held on 05/04/2012.
Year2011Corporate Action TypeCash Dividends Distribution
Last Date For Action Entitlement4/6/2011Ex-Dividend Date4/7/2011
Register Closing (Settlement) Date4/10/2011Trading Suspension Date3/30/2011
Trading Resuming Date3/31/2011Run (Effective) DateNot Available
Corporate Action DetailsDistribute 20% cash dividends as agreed at the AGM held on 30/03/2011
Year2010Corporate Action TypeCash Dividends Distribution
Last Date For Action Entitlement4/21/2010Ex-Dividend Date4/22/2010
Register Closing (Settlement) Date4/25/2010Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 30% cash dividends as agreed at the AGM held on 14/04/2010.
Year2010Corporate Action TypeBonus Shares Issue
Last Date For Action Entitlement4/21/2010Ex-Dividend Date4/22/2010
Register Closing (Settlement) Date4/25/2010Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date4/25/2010
Corporate Action DetailsIssue 10% bonus shares as agreed at the AGM held on 14/04/2010 leading the number of shares reaches 110,000,000
Year2009Corporate Action TypeCash Dividends Distribution
Last Date For Action Entitlement4/1/2009Ex-Dividend Date4/2/2009
Register Closing (Settlement) Date4/5/2009Trading Suspension Date3/25/2009
Trading Resuming Date3/26/2009Run (Effective) DateNot Available
Corporate Action DetailsDistribute 40% cash dividends as agreed at the AGM held on 25/03/2009.
Year2008Corporate Action TypeCash Dividends Distribution
Last Date For Action Entitlement3/24/2008Ex-Dividend Date3/25/2008
Register Closing (Settlement) Date3/26/2008Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 35% cash dividends of the paid up capital agreed in the Annual General Meeting & Extra Ordinary Meeting held on 16/03/2008
Year2008Corporate Action TypeCash Dividends Distribution
Last Date For Action Entitlement3/24/2008Ex-Dividend Date3/25/2008
Register Closing (Settlement) Date3/26/2008Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 35% cash dividends as agreed in their AGM held on 16/03/2008.
Year2005Corporate Action TypeStock Consolidation (10 : 1)
Last Date For Action Entitlement10/24/2005Ex-Dividend Date10/25/2005
Register Closing (Settlement) Date10/26/2005Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date10/26/2005
Corporate Action DetailsStock Consolidation in the ratio of 10:1 as agreed at the Extraordinary Meeting held on 17/10/2005. Change of par value from AED 10 to AED 1.Number of shares becomes 100,000,000
Year2005Corporate Action Type51.15% Bonus Shares
Last Date For Action Entitlement3/13/2004Ex-Dividend Date3/14/2005
Register Closing (Settlement) Date3/15/2005Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date3/15/2004
Corporate Action DetailsIssue 51.51% bonus shares as agreed at the Extraordinary Meeting held on 09/03/2005, Number of shares becomes 100,000,000
Year2004Corporate Action Type10% Bonus Shares
Last Date For Action Entitlement3/13/2004Ex-Dividend Date3/14/2004
Register Closing (Settlement) Date3/15/2004Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date3/15/2004
Corporate Action DetailsIssue bonus shares in the ratio of one share for every ten shares held is activated as areed at teh Extraordinary Meeting held on 10/03/2004, Number of shares becomes 6,600,000
Year2001Corporate Action TypeStock Consolidation (10 : 1)
Last Date For Action Entitlement2/4/2001Ex-Dividend Date2/5/2001
Register Closing (Settlement) Date2/6/2001Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date2/13/2001
Corporate Action DetailsStock Consolidation in the ratio of one share for every ten shares is activated as agreed at the Extraordinary Meeting held on 6/2/2001. Change of par value from AED 1 to AED 10. Number of shares becomes 6,000,000.
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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