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

National General Insurance Company PSC

NGI
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  • Market: DFM
  • Symbol: NGI
  • ISIN: AEN000301012
  • Sector: Insurance

Company Brief

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

National General Insurance Co. (P.S.C) (“the Company”) is a Public Shareholding Company registered under UAE Federal Law No. (8) of 1984 as amended, in the Emirate of Dubai with effect from 12 September 2001. The company was originally incorporated as a Private Limited Liability Company, registered under UAE Federal Law No. (8) of 1984, as amended, in the Emirate of Dubai.

 

The Company underwrites all classes of life and general insurance business as well as certain reinsurance business in accordance with the provisions of the UAE Federal Law No. 6 of 2007 relating to establishment of insurance authority and UAE Federal Law No. 9 of 1984 relating to insurance companies and brokers.

 

Key Facts

ESTABLISHED

Nov 19, 1980

AUDITOR

KPMG

FISCAL YEAR END

DECEMBER

REGISTRAR

National General Insurance Co (PSC)

Board Members

CHAIRMAN

H.E. Hamad Mubarak Bu Amaim

DEPUTY

Mr. Adel Mohammed Saleh Al Zarouni

MEMBERS

Mr. Khalid Jassim Mohd Bin Kalban
Mr. Saod Mohd Ibrahim Obaidalla
Mr. Hesham Abdulla Qassim Al Qassim
Mr. Salah Mohd A Abdulla
Mr. Othman Ibrahim Abdulqadir Bin Hindi

Top Management

CHIEF EXECUTIVE OFFICER

Dr. Abdul Zahra A Ali

DEPUTY GENERAL MANAGER - GENERAL INSURANCE

Mr. D Sudhakaran

AUDITING MANAGER

Mr. L Ramakrishan

ASSISTANT GENERAL MANAGER

Ms. Daisy Jacob

Equity Profile

DATE OF LISTING

Nov 11, 2002

SECTOR

Insurance

AUTHORIZED CAPITAL:

149,954,112.00 UAE Dirham

ISSUED SHARES

149,954,112.00

PER VALUE SHARE

1.00 UAE Dirham

Subsidiaries

Subsidiaries
Emirates NBD United Arab Emirates 36.70 %

Affiliates
Heritage Insurance Brokers LLC UAE 1.00 %

Contact Details

Head Office

Dubai, UAE

Address

Deira, Dubai P.O.Box: 154 Dubai - U.A.E.

Phone No.

+9714 2115800

Fax No.

+9714 2502854

Email address:

ngico@emirates.net.ae

Website

http://www.ngi.ae/

Showing Last 10 Disclosures - NGI View all
NGI 11-07-2018 10:26 AM

Disclosure of exposure to Abraj Group Company

1 File(s)
NGI 14-05-2018 08:58 AM

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

2 File(s)
NGI 14-05-2018 08:57 AM

Financial statements for the 1st QTR of 2018

1 File(s)
NGI 01-05-2018 02:55 AM

Changes of BOD meeting date

1 File(s)
NGI 30-04-2018 08:15 AM

BOD meeting

1 File(s)
NGI 21-03-2018 02:41 AM

Resolutions of General Assembly

1 File(s)
NGI 20-03-2018 02:05 AM

Press release regarding financial results for the year of 2017

1 File(s)
NGI 20-03-2018 08:50 AM

Resolutions of General Assembly

1 File(s)
NGI 28-02-2018 09:33 AM

Invitation of General Assembly

2 File(s)
NGI 26-02-2018 08:27 AM

Financial statements for the year of 2017

1 File(s)
Showing Last 10 Issuer News - NGI View all
No data could be found.
Showing Last 10 Financial Reports - NGI View all
NGI 14-05-2018 08:57 AM

Financial statements for the 1st QTR of 2018

1 File(s)
NGI 26-02-2018 08:27 AM

Financial statements for the year of 2017

1 File(s)
NGI 31-10-2017 08:32 AM

Financial statements for the 3rd QTR of 2017

1 File(s)
NGI 27-07-2017 04:30 AM

Financial statements for the 2nd QTR of 2017

1 File(s)
NGI 02-05-2017 09:20 AM

Financial statements for the 1st QTR of 2017

1 File(s)
NGI 31-12-2016 02:43 AM

Financial statements for the year of 2016

1 File(s)
NGI 30-09-2016 10:30 AM

Financial statements for the 3rd QTR of 2016

1 File(s)
NGI 30-06-2016 11:05 AM

Financial statements for the 2nd QTR of 2016

1 File(s)
NGI 01-05-2016 01:55 AM

Financial statements for the 1st QTR of 2016

1 File(s)
NGI 28-04-2016 02:56 AM

Financial statements for the year of 2015

1 File(s)
Showing Last 10 General Meetings - NGI View all
Meeting Date/TimeMar 19, 2018 04:30:00 PMType of MeetingGeneral Assembly
Net Profit/Loss36,983,059Cash Dividend15
Bonus Share
Announcements/Resolutions

  The Directors’ Report and the report of the Auditors for the year ending 31thDecember 2017 are approved.

-       Approvedthe Financial statements for the year ending 31th December 2017.

-       Approvedthe Board of Directors’ recommendation to distribute 15% cash dividend onshares held by the shareholders whose names appear in the share register on 29th  March 2018.

-       Resolvedthat Directors Remuneration as recommended in Directors’ Report be and is here byapproved.

-       TheBoard of Directors and Auditors are absolved from responsibility for the yearended 31 December 2017.

-      Theappointment of M/s KPMG as Auditors of the company until the conclusion of thenext Annual General Meeting, to audit the accounts of the company for the year2018.

-       RESOLVED tocap of the total General reserve to 50% of the Share Capital as perarticle 59 / 2 of article of association of the company.

-       TheBoard of Directors is granted approval in terms of Article 108 of UAE FederalLaw No. 8 of 1984 to participate in other business engaged in insurance andrelated activities.


Last Date For Dividend EntitlementTuesday, March 27, 2018Ex-Dividend DateWednesday, March 28, 2018
Register Closing (Settlement) DateThursday, March 29, 2018Trading Suspension Date
Trading Resuming DateDividends Payment DateMonday, April 09, 2018
Payment EntityDFM Meeting VenueCBD Office Dubai
1 File(s)
Meeting Date/TimeMar 19, 2017 04:30:00 PMType of MeetingGeneral Assembly
Net Profit/Loss28437278Cash Dividend12
Bonus Share
Announcements/Resolutions

- The Directors’ Report and the report of the Auditors for the year ending 31th December 2016 are approved.

- Approved the Financial statements for the year ending 31th December 2016.

- Approved the Board of Directors’ recommendation to distribute 12% cash dividend on shares held by the shareholders whose names appear in the share register on 29th March 2017.

- Resolved that Directors Remuneration as recommended in Directors’ Report be and is here by approved.

- The Board of Directors and Auditors are absolved from responsibility for the year ended 31 December 2016.

- The appointment of M/s KPMG as Auditors of the company until the conclusion of the next Annual General Meeting, to audit the accounts of the company for the year 2017.

- The Board of Directors is granted approval in terms of Article 108 of UAE Federal Law No. 8 of 1984 to participate in other business engaged in insurance and related activities.

Last Date For Dividend EntitlementMonday, March 27, 2017Ex-Dividend DateTuesday, March 28, 2017
Register Closing (Settlement) DateWednesday, March 29, 2017Trading Suspension Date
Trading Resuming DateDividends Payment DateWednesday, April 12, 2017
Payment EntityBy Bank transferMeeting VenueHead office of commercial bank of Dubai
1 File(s)
Meeting Date/TimeMar 20, 2016 04:30:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss23.5 MillionCash Dividend10%
Bonus Share0
Announcements/Resolutions

1.       The Directors’ Report and the report of the Auditors for the year ending 31th December 2015 are approved.

2.       Approved the Financial statements for the year ending 31th December 2015.

3.       Approved the Board of Directors’ recommendation to distribute 10% cash dividend on shares held by the shareholders whose names appear in the share register on 30th   March 2016.

4.       Resolved that Directors Remuneration as recommended in Directors’ Report be and is hereby approved.

5.       The Board of Directors and Auditors are absolved from responsibility for the year ended 31 December 2015

6.       The appointment of M/s KPMG as Auditors of the company until the conclusion of the next Annual General Meeting, to audit the accounts of the company for the year 2015

7.       Resolved that the following Directors be,and are hereby elected until the conclusion of the Annual General Meeting to be held in the year 2019:

H.E Hamad Mubarak Buaim

Mr. Adel Mohd. Salih  Al Zarouni

Mr. Khalid Jasim Kalban

Mr.  Saod  Mohd Ibrahim Obaidalla

Mr. Othman Ibrahim Abdulqadir  Bin Hindi

Mr. Hesham Abdulla Al Qassim

Mr. Salah Mohd Amin

8.       The Board of Directors is granted approval in terms of Article 108 of UAE Federal Law No. 8 of 1984 to participate in other business engaged in insurance and related activities.

Last Date For Dividend EntitlementMonday, March 28, 2016Ex-Dividend DateTuesday, March 29, 2016
Register Closing (Settlement) DateWednesday, March 30, 2016Trading Suspension Date
Trading Resuming DateDividends Payment DateSunday, April 03, 2016
Payment EntityBY CHEQUEMeeting VenueHead Office of Commercial Bank of Dubai
1 File(s)
Meeting Date/TimeMar 16, 2015 04:30:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss79632526Cash Dividend25%
Bonus Share
Announcements/Resolutions

1)   Board of Directors’  & Auditors Reports

 

2)   Adoption of Financial Statement

 

 

3)   Declaration of Dividend

 

4)   Appointment of new Board Member

5)   Board of Directors Remuneration

6)   Grant Approval in Terms of Article 108 of the UAE Federal Law No. 8 of 1984 (as amended)

 

7)   Absolution of Directors and Auditors

 

8)   Appointment of Auditors

 

Last Date For Dividend EntitlementTuesday, March 24, 2015Ex-Dividend DateWednesday, March 25, 2015
Register Closing (Settlement) DateThursday, March 26, 2015Trading Suspension Date
Trading Resuming DateDividends Payment Date
Payment Entityby chequeMeeting VenueHead Office of Commercial Bank of Dubai
1 File(s)
Meeting Date/TimeMar 18, 2014 04:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss125,105,579 Cash Dividend20%
Bonus Share
Announcements/Resolutions

1.The Directors report and the report of the Auditors for the year ending 31st December are approved.

2.Approved the Financial statements for the year ending 31st December 2013.

3.Approved the Board of Directors recommendation to distribute 20% cash dividend on shares held by shareholders whose names appear in the share resister on 20th March 2014.

4.The Board of Directors and Auditors are absolved from responsibility for the year ended 31/12/2014

5.Resolved that Directors Remuneration as recommended in Directors Report be and hereby approved.

6.The Board of Directors are granted approval in terms of Article 108 of UAE Federal Law No. 8 of 1984 to participate in other business engaged in insurance and related activities.

7.The appointment of M/s KPMG as Auditors of the company until conclusion of the next Annual General Meeting, to audit the accounts of the company for the year 2014

Last Date For Dividend EntitlementWednesday, March 26, 2014Ex-Dividend DateThursday, March 27, 2014
Register Closing (Settlement) DateSunday, March 30, 2014Trading Suspension Date
Trading Resuming DateDividends Payment DateThursday, April 10, 2014
Payment EntityMeeting VenueCommercial Bank of Dubai, Head Office, Deira, Dubai ,UAE
1 File(s)
Meeting Date/TimeMar 18, 2013 05:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss46,400,395.00Cash Dividend20%
Bonus Share0%
Announcements/Resolutions

Approval of the directors 'report on the company's activities and financial position for the year ended 31/12/2012 as well as the approval of the auditors' report for the same period
Approval of the company's financial statements for the year ended 31/12/2012
To approve the proposal of the Board of Directors to distribute cash dividends for the year 2012 (20%) of the capital 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
Consider the directors' remuneration
Election of Board of Directors
Approval of the members of the Governing Council under Article 108 of the Federal Law on Commercial Companies Shan United Arab Emirates (8) of 1984 (as amended) to participate in any other business related to insurance workers and other similar activities
Appointment of an auditor for the year 2013 and determine his fees

 

Last Date For Dividend EntitlementTuesday, March 26, 2013Ex-Dividend DateWednesday, March 27, 2013
Register Closing (Settlement) DateThursday, March 28, 2013Trading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueMeeting Room Commercial Bank of Dubai - the main center - Dubai
1 File(s)
Meeting Date/TimeMar 20, 2012 05:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss28,320,402.00 AED Cash Dividend15 %
Bonus ShareN/A
Announcements/ResolutionsApproved the report of the BOD & the auditor’s report for the year ended 31/12/2011 - Approved on the consolidated financial statements for the year ended 31/12/2011 - Approved to distribute cash dividends of 15% - Absolved the members of the Board of Directors and the auditors from responsibilities for the year ended 31/12/2011 - The approval of directors' remuneration - ratification of the appointment of Board Member – Approval is granted to members of the Governing Council under Article 108 of the Federal Law on Commercial Companies of the United Arab Emirates No. (8) for the year 1984 (as amended) to participate in any other work related to the business of insurance and other similar activities
Last Date For Dividend Entitlement28/03/2012Ex-Dividend Date29/03/2012
Register Closing (Settlement) Date01/04/2012Trading Suspension DateN/A
Trading Resuming DateN/ADividends Payment Date
Payment EntityMeeting VenueAuditorium Hall, Commercial Bank of Dubai – Head Office- DUBAI
1 File(s)
Meeting Date/TimeMar 07, 2011 05:00:00 PMType of MeetingAnnual General Meeting
Net Profit/LossAED 53,825,884Cash Dividend25%
Bonus Share
Announcements/Resolutions- Approved the report of the BOD & the 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 cash dividends of 25% - Absolved the members of the Board of Directors and the auditors from responsibilities for the year ended 31/12/2010 – Approved to appoint auditors for the Financial Year 2011 - Approved authorizing BOD to participate in Banks activities
Last Date For Dividend Entitlement15/03/2011Ex-Dividend Date16/03/2011
Register Closing (Settlement) Date17/03/2011Trading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueCommercial Bank of Dubai Head Office
Meeting Date/TimeMar 07, 2010 05:00:00 PMType of MeetingExtraordinary Meeting
Net Profit/LossAED 33,349,401Cash Dividend
Bonus Share
Announcements/Resolutions- Approved causing amendments on article 6 of Articles of Association to allow non national 25% participation -Approved to causing the necessary amendments on article 10 of Memorandum of Association
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueCommercial Bank of Dubai Head Office
Meeting Date/TimeMar 07, 2010 05:00:00 PMType of MeetingAnnual General Meeting
Net Profit/LossAED 33,349,401Cash Dividend12%
Bonus Share12%
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 - Approved to distribute cash dividends of 12% and 12% bonus shares - Absolved the members of the Board of Directors and the auditors from responsibilities for the year ended 31/12/2009 – Approved to appoint auditors for the Financial Year 2010 - Approved authorizing BOD to participate in Banks activities – Approved appointing BOD members until 2013
Last Date For Dividend Entitlement15/03/2010Ex-Dividend Date16/03/2010
Register Closing (Settlement) Date17/03/2010Trading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueCommercial Bank of Dubai Head Office
Top ShareholdersLast Refreshed at: 16 July 2018

Individual Investors

ShareholdersPercentage
EMIRATES NBD PJSC 36.72%
COMMERCIAL BANK OF DUBAI 17.75%
MOHAMMED SALEH ALI NAQI ALZAROUNI 10.95%
شركه دبي للاستثمار ش .م.ع 8.46%
محمد عمر بن حيدر للاستثمار ش .ذ.م.م 8.07%
الشيخ مانع خليفه ال مكتوم 5.00%

No data could be found.
Foreign Investments View all
National GCC Arab Other Nationalities
Country of Origin Actual Permitted Actual Permitted Actual Permitted Actual Permitted As of Date:
United Arab Emirates 99.62% 100% 0.05% 25% 0.15% 25% 0.18% 25% 16-07-2018
Showing Last 10 Corporate Governance Reports - NGI View all
  • 23-02-2017

    NGI CGR 2016

  • 31-12-2015

    Corporate Governance Report - NGI 2015

  • 01-01-2011

    Corporate Governance Report NGI 2011

Showing Corporate Actions - NGI View all
Year2018Corporate Action TypeCash Dividends
Last Date For Action Entitlement3/27/2018Ex-Dividend Date3/28/2018
Register Closing (Settlement) Date3/29/2018Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 15% cash dividends as agreed at the GA held on 19/03/2018
Year2017Corporate Action TypeCash Dividend
Last Date For Action Entitlement3/27/2017Ex-Dividend Date3/28/2017
Register Closing (Settlement) Date3/29/2017Trading Suspension Date1/1/1900
Trading Resuming Date1/1/1900Run (Effective) Date1/1/1900
Corporate Action DetailsDistribute 12% cash dividends as agreed at the GA held on 19/03/2017
Year2016Corporate Action TypeCash Dividends
Last Date For Action Entitlement3/28/2016Ex-Dividend Date3/29/2016
Register Closing (Settlement) Date3/30/2016Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 10% cash dividends as agreed at the GA held on 20/03/2016
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 25% cash dividends as agreed at the AGM held on 16/03/2015
Year2014Corporate Action TypeCash Dividends
Last Date For Action Entitlement3/26/2014Ex-Dividend Date3/27/2014
Register Closing (Settlement) Date3/30/2014Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 20% cash dividends as agreed at the AGM held on 18/03/2014
Year2013Corporate Action TypeCash Dividends
Last Date For Action Entitlement3/26/2013Ex-Dividend Date3/27/2013
Register Closing (Settlement) Date3/28/2013Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 20% cash dividends as agreed at the AGM held on 18/03/2013
Year2012Corporate Action TypeCash Dividends Distribution
Last Date For Action Entitlement3/28/2012Ex-Dividend Date3/29/2012
Register Closing (Settlement) Date4/1/2012Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 15% cash dividends as agreed at the AGM held on 20/03/2012
Year2011Corporate Action TypeCash Dividends Distribution
Last Date For Action Entitlement3/15/2011Ex-Dividend Date3/16/2011
Register Closing (Settlement) Date3/17/2011Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 25% cash dividends as agreed at the AGM held on 07/03/2011.
Year2010Corporate Action TypeCash Dividends Distribution
Last Date For Action Entitlement3/15/2010Ex-Dividend Date3/16/2010
Register Closing (Settlement) Date3/17/2010Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 12% cash dividends as agreed at the AGM held on 07/03/2010.
Year2010Corporate Action TypeBonus Shares Issue
Last Date For Action Entitlement3/15/2010Ex-Dividend Date3/16/2010
Register Closing (Settlement) Date3/17/2010Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsIssue 12% bonus shares as agreed at the AGM held on 07/03/2010 leading the number of shares reaches 149,954,112
Year2009Corporate Action TypeCash Dividends Distribution
Last Date For Action Entitlement3/30/2009Ex-Dividend Date3/31/2009
Register Closing (Settlement) Date4/1/2009Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date4/2/2009
Corporate Action DetailsDistribute 10% cash dividends as agreed at the AGM held on 22/03/2009.
Year2009Corporate Action TypeBonus Shares Issue
Last Date For Action Entitlement3/30/2009Ex-Dividend Date3/31/2009
Register Closing (Settlement) Date4/1/2009Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date4/2/2009
Corporate Action DetailsIssue 10% bonus shares as agreed at the AGM held on 22/3/2009 leading the number of shares reaches 133,887,600
Year2008Corporate Action TypeCash Dividends Distribution
Last Date For Action Entitlement3/12/2008Ex-Dividend Date3/13/2008
Register Closing (Settlement) Date3/16/2008Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 40% Cash Dividends of the paid up capital agreed in the Annual General Meeting held on 4/03/2008
Year2007Corporate Action Typebonus shares
Last Date For Action Entitlement3/13/2007Ex-Dividend Date3/14/2007
Register Closing (Settlement) Date3/15/2007Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date3/15/2007
Corporate Action DetailsDistribute 35% as agreed at the AGM held on 25/2/2007.
Year2007Corporate Action Typebonus shares
Last Date For Action Entitlement3/13/2007Ex-Dividend Date3/14/2007
Register Closing (Settlement) Date3/15/2007Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date3/15/2007
Corporate Action DetailsIssue 20% bonus shares as agreed at the EGM held on 6/3/2007 leading the number of shares reaches 121,716,000.
Year2006Corporate Action TypeBonus Shares Issue
Last Date For Action Entitlement3/13/2006Ex-Dividend Date3/14/2006
Register Closing (Settlement) Date3/15/2006Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date3/15/2006
Corporate Action DetailsIssue bonus shares in the ratio of (40%) activated as agreed at the Annual General Meeting held on 06/03/2006. Number of shares becomes 10,143,000.
Year2006Corporate Action TypeStock Split
Last Date For Action Entitlement3/13/2006Ex-Dividend Date3/14/2006
Register Closing (Settlement) Date3/15/2006Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date3/15/2006
Corporate Action DetailsSplit the shares from AED 1 to AED 10 activated as agreed at the Extraordinary Meeting held on 06/03/2006. Number of shares becomes 101,430,000.
Year2005Corporate Action Type15% Bonus Shares
Last Date For Action Entitlement2/21/2005Ex-Dividend Date2/22/2005
Register Closing (Settlement) Date2/23/2005Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date2/23/2005
Corporate Action DetailsIssue bonus shares in the ratio of fifteen shares for every one hundred shares (15%) held is activated as agreed at the Extraordinary Meeting held on 12/01/2005. Number of shares becomes 1,650,000
Year2004Corporate Action Type5% Bonus Shares
Last Date For Action Entitlement2/22/2004Ex-Dividend Date2/23/2004
Register Closing (Settlement) Date2/24/2004Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date2/25/2004
Corporate Action DetailsIssue bonus shares in the ratio of one share for every twenty shares held is activated as agreed at the Extraordinary Meeting held on 18/2/2004. Number of shares becomes 6,300,000.
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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