Monday, March 11, 2013
Dividend Chronology Report
Volume 3, Issue 05
Summary Statistics
Sector
Number of
Firms with
Proposed
Dividends
Average
Dividend
Yield
Total Cash
Dividends
for
Distribution
(AEDmn)
Distributions
to Float
Shares
(AEDmn)
Distribution
to Float
Shares/Total
Cash
Distributions
(%)
17
6.38%
11,153.71
7,022.25
62.96
Construction and Related
7
6.67%
294.60
95.40
32.38
Contracting *
3
4.16%
163.68
75.16
45.92
Consumer
5
3.62%
239.32
135.24
56.51
Energy
0
-
0.00
0.00
-
Finance and Investments
1
4.35%
50.00
20.88
41.75
Health and
Pharmaceutical
2
2.98%
108.66
55.51
51.08
Insurance
9
5.81%
386.07
167.22
43.31
Property *
5
4.58%
1,210.54
962.77
79.53
Telecommunications
2
6.80%
6,905.73
2,639.75
38.23
Transport and Logistics
2
6.13%
473.08
377.03
79.70
11 March
-
TAML, ALDAR,SOROUH
-
53
5.66%
20,985.39
11,551.20
55.04
12 March
SIB, FOODCO
DIB
QCEM
CBD
ENBD, RAKPOULTRY,
DINC
TAML, ALDAR,SOROUH
DIB
Banking
Total *
Inside this Issue
Page
Page
Upcoming Corporate Events
Event Date
AGM
13 March
Last Day to Participate
for Dividend
Distribution
Finance & Investments (F&I)
6
14 March
-
-
16 March
BOS, RAKPROP
-
ETISALAT,FH,UNB,NCC,
DNIR, AIRARBIA
GMPC
17 March
Banking
3
Health & Pharmaceutical (H&P)
6
Construction
4
Insurance
7
Contracting
4
Property
8
Consumer
5
Telecommunications (Telecom)
8
Energy
5
Transport & Logistics (T&L)
9
Record Date for
Dividend Distribution
ENBD, RAKPOULTRY,
DINC
* These averages do not include outliers (non-meaningful dividend yields due to factors such as stale prices, limited
distributions, etc.) .
Dividend Chronology Report
User’s Guide to this Report
Page 2
Number of Companies in this Issue
Banks
21
Construction
12
Contracting
6
Consumers
14
Energy
2
Finance and Investment
7
Health and Pharmaceutical
2
Insurance
28
Property
8
Telecom
2
Transport and Logistics
6
Total
108
Table Legends
NHP:
No Historical Price
ND:
No Dividends Declared
NM:
Not Meaningful
Cum-Div:
Share is trading Cum Dividends.
Ex-Div
Share is trading Ex-Dividends.
TBA
Date to be Announced
Notes to the Report
Prices:
As of 10 March 2013
Disclosures
As of 11 March 2013, 10AM
Sources:
Company Financial Statements,
Abu Dhabi Stock Exchange (ADX),
Dubai Financial Market (DFM),
Securities and Commodities
Authority (SCA), UAE Central Bank,
Bloomberg, Reuters, Zawya
Implied dividend yield, based on
proposed cash dividend distribution.
The column will show a ratio, if there
is a dividend proposal. Otherwise, the
column will display, “ND” , meaning
No Dividends. There are cases where
the company’s shares have not traded
for quite some time, such that historic
price will not be relevant. In this case,
the column will display, “NM”, for Not
Meaningful dividend yield (ie, AOIC
which if the historic price of AED88.35
is used will show yield of >22%).
This reflects the number of
shares, adjusted after the
stock dividends. Please note
that this column is not used
to calculate total cash
distributions. For total cash
distributions, the current
number of issued shares are
used.
This represents the shares
available to the general
trading public.
The date at which a company determines
eligibility for participation in the dividend
payment. This is usually on the eighth (8th)
day following the AGM. Meanwhile, the ExDividend Date, the date at which a security
is traded without a previously declared
dividend or distribution. In the UAE markets,
this is usually a day after the Last Day to
Participate.
As per UAE market rules, this is usually
the 10th day after the company’s
Annual General Meeting (AGM).
Banking Sector
Proposed Distributions
Company
Latest Close Dividend Yield
Cash
Dividends
Stock
Dividends
Shares (mn)
Issued
Shares
Shares
Adjusted for
Stock
Dividends
Distributions (AEDmn)
Floated
Shares
Dividends Dividends
Available to Available to
Common
Floated
Shares
Shares
Related Events
AGM Date
Last Date to
Participate
Ex-Date
Record Date
Payment
Date
AD COMMERCIAL /d
3.98
6.28%
25.00%
5,595.60
3,636.58
1,398.90
909.14
02-Apr-13
10-Apr-13
11-Apr-13
14-Apr-13
AD ISLAMIC BK/d
3.52
6.96%
24.50%
2,364.71
1,313.24
579.35
321.74
28-Mar-13
03-Apr-13
04-Apr-13
07-Apr-13
AJMAN BANK/d
1.50
ND
1,000.00
700.00
0.00
0.00
21-Mar-13
BANK OF SHARJA/d
1.44
6.94%
10.00%
2,100.00
1,279.98
210.00
128.00
16-Mar-13
24-Mar-13
25-Mar-13
26-Mar-13
DXB COMM BK/d
3.65
8.22%
30.00%
2,038.35
1,141.48
611.51
342.44
13-Mar-13
20-Mar-13
21-Mar-13
24-Mar-13
COMM BK INTL/d
1.49
ND
1,407.02
146.89
0.00
0.00
17-Mar-13
DB ISLAMIC BK/d
2.20
6.82%
3,797.05
2,957.72
569.56
443.66
04-Mar-13
EMIRATES ISLAMIC BANK
NHP
ND
3,930.42
4.72
0.00
0.00
06-Mar-13
EMIRATES INVESTMENT BANK
NHP
NM
10.00%
0.25
5.50
2.51
25-Mar-13
02-Apr-13
03-Apr-13
04-Apr-13
EMIRATES NBD/d
3.80
6.58%
25.00%
5,557.77
3,715.37
1,389.44
928.84
06-Mar-13
13-Mar-13
14-Mar-13
17-Mar-13
FIRST GULF BK/d
12.85
6.48%
83.33%
3,000.00
2,502.45
2,499.90
2,085.29
27-Feb-13
06-Mar-13
07-Mar-13
10-Mar-13 20-Mar-13
FINANCE HOUSE/d
3.25
6.15%
20.00%
302.50
151.49
60.50
30.30
17-Mar-13
25-Mar-13
26-Mar-13
27-Mar-13
INVEST BANK/d
1.77
8.47%
15.00%
804.30
196.88
120.65
20-Feb-13
27-Feb-13
28-Feb-13
03-Mar-13 15-Mar-13
MASHREQ BANK/d
48.60
7.82%
38.00%
23.48
642.49
89.21
26-Feb-13
06-Mar-13
07-Mar-13
10-Mar-13
NATL BK OF AD/d
11.70
2.99%
35.00%
2,515.01
1,369.95
880.25
12-Mar-13
20-Mar-13
21-Mar-13
24-Mar-13
NATL BK FUJAIR/d
3.95
2.53%
10.00%
1,100.00
473.88
110.00
47.39
20-Mar-13
27-Mar-13
28-Mar-13
31-Mar-13
NAT BK QAIWAIN/d
1.90
8.42%
16.00%
1,600.00
515.68
256.00
82.51
27-Feb-13
06-Mar-13
07-Mar-13
10-Mar-13
NATL BK OF RAK/d
5.50
7.27%
40.00%
676.90
609.54
270.76
24-Mar-13
01-Apr-13
02-Apr-13
03-Apr-13
SHARJAH ISLAMI/d
0.98
6.12%
6.00%
2,425.50
1,181.22
145.53
70.87
12-Mar-13
20-Mar-13
21-Mar-13
24-Mar-13
UNITED ARAB BK/d
3.20
7.81%
25.00%
996.40
376.04
249.10
94.01
27-Feb-13
06-Mar-13
07-Mar-13
10-Mar-13 25-Mar-13
UNION NATL BK/d
3.77
2.65%
10.00%
1,746.81
249.56
174.68
17-Mar-13
25-Mar-13
26-Mar-13
27-Mar-13
Dividend Chronology Report
15.00%
9.09%
5.00%
0.55
1,312.50
0.60
1,378.13
169.08
10.00%
10.00%
5.00%
3,914.14
1,523.86
2,495.63
4,305.56
1,676.25
2,620.41
-
12-Mar-13
-
TBA
TBA
13-Mar-13
TBA
-
-
-
-
14-Mar-13
-
-
Page 3
Construction and Related Sector
Proposed Distributions
Company
Latest Close Dividend Yield
Cash
Dividends
Stock
Dividends
Shares (mn)
Issued
Shares
Shares
Adjusted for
Stock
Dividends
Distributions (AEDmn)
Floated
Shares
Dividends Dividends
Available to Available to
Common
Floated
Shares
Shares
Related Events
AGM Date
Last Date to
Participate
Ex-Date
Record Date
ARKAN BLD MT C/d
0.70
ND
1,750.00
520.10
0.00
0.00
TBA
TBA
TBA
TBA
NATL CO BLDG M/d
0.55
ND
300.00
163.52
0.00
0.00
TBA
TBA
TBA
TBA
FUJAIRAH BLD I/d
1.63
ND
126.50
46.43
0.00
0.00
28-Mar-13
TBA
TBA
TBA
FUJAIRAH CEMEN/d
1.05
ND
355.87
15.05
0.00
0.00
21-Mar-13
TBA
TBA
TBA
GULF CEMENT CO/d
1.55
3.23%
5.00%
821.10
103.46
41.05
5.17
03-Apr-13
10-Apr-13
11-Apr-13
14-Apr-13
NATL CEMENT CO/d
2.91
6.87%
20.00%
358.80
129.53
71.76
25.91
17-Mar-13
25-Mar-13
26-Mar-13
27-Mar-13
AL-QAIWAIN CMN/d
0.86
6.98%
6.00%
363.00
84.94
21.78
5.10
02-Mar-13
10-Mar-13
11-Mar-13
12-Mar-13
RAK WHITE CEMENT
1.37
7.30%
10.00%
467.00
142.20
46.70
14.22
13-Apr-13
21-Apr-13
22-Apr-13
23-Apr-13
RAK CEMENT CO/d
0.69
7.25%
5.00%
261.88
25.41
13.09
24-Feb-13
04-Mar-13
05-Mar-13
06-Mar-13
RAK CERAMICS/d
1.58
ND
743.20
347.37
0.00
0.00
TBA
TBA
TBA
TBA
SHARJAH CEMENT/d
0.81
6.17%
5.00%
552.96
113.30
27.65
5.67
27-Mar-13
03-Apr-13
04-Apr-13
07-Apr-13
UNION CEMENT
1.01
8.91%
9.00%
669.44
291.57
60.25
26.24
23-Mar-13
31-Mar-13
01-Apr-13
02-Apr-13
5.00%
508.20
533.61
Payment
Date
Contracting Sector
Company
ARAB HEAVY IND/d
Latest Close Dividend Yield
Proposed Distributions
Shares (mn)
Distributions (AEDmn)
Cash
Dividends
Shares
Adjusted for
Stock
Dividends
Dividends Dividends
Available to Available to
Common
Floated
Shares
Shares
193.35
12.93%
25.00%
ARABTEC
2.14
ND
DEPA LTD.
0.40
ND
DRAKE & SCULL/d
0.76
ND
NATL MARINE DR/d
9.90
5.05%
50.00%
TABREED/d
1.53
3.27%
5.00%
Stock
Dividends
Issued
Shares
Floated
Shares
Related Events
AGM Date
Last Date to
Participate
Ex-Date
Record Date
0.67
0.04
16.81
0.94
25-Mar-13
02-Apr-13
03-Apr-13
04-Apr-13
1,569.75
1,321.49
0.00
0.00
06-Apr-13
TBA
TBA
TBA
614.73
607.86
0.00
0.00
TBA
TBA
TBA
TBA
2,286.67
1,617.82
0.00
0.00
TBA
TBA
TBA
TBA
227.85
102.21
113.92
51.11
16-Apr-13
24-Apr-13
25-Apr-13
28-Apr-13
659.06
462.30
32.95
23.11
09-Apr-13
17-Apr-13
18-Apr-13
21-Apr-13
Payment
Date
AHI’s share price has been stale for more than six months. Thus, its implied dividend yield is not indicative of current yield. As
such, it is not included in the calculation for the sector and the UAE averages.
Dividend Chronology Report
Page 4
Consumer Sector
Proposed Distributions
Company
Latest Close Dividend Yield
Cash
Dividends
Stock
Dividends
Shares (mn)
Issued
Shares
Shares
Adjusted for
Stock
Dividends
Distributions (AEDmn)
Floated
Shares
Dividends Dividends
Available to Available to
Common
Floated
Shares
Shares
Related Events
AGM Date
Last Date to
Participate
Ex-Date
Record Date
AD NATL HOTELS/d
1.95
2.56%
5.00%
1,000.00
912.50
50.00
45.63
03-Apr-13
10-Apr-13
11-Apr-13
14-Apr-13
AGTHIA GROUP/d
2.45
2.04%
5.00%
600.00
294.00
30.00
14.70
23-Apr-13
01-May-13
02-May-13
05-May-13
AL FIRDOUS/d
NHP
ND
600.00
195.30
0.00
0.00
TBA
TBA
TBA
TBA
INT FISH FARMI/d
14.90
ND
85.00
15.59
0.00
0.00
TBA
TBA
TBA
TBA
DB REFRESH CO/d
14.50
3.45%
90.00
53.20
45.00
26.60
25-Feb-13
05-Mar-13
06-Mar-13
07-Mar-13
EM DRIVING CO/d
3.00
ND
89.79
43.32
0.00
0.00
TBA
TBA
TBA
TBA
EMIRATES REFRE/d
NHP
ND
30.00
12.45
0.00
0.00
TBA
TBA
TBA
TBA
FOODCO HOLDING/d
1.30
ND
100.00
41.07
0.00
0.00
12-Mar-13
TBA
TBA
TBA
GULF LIVESTOCK
NHP
NM
100.00
38.74
10.00
3.87
04-Apr-13
10-Apr-13
11-Apr-13
14-Apr-13
GULFA/d
NHP
ND
25.00
2.64
0.00
0.00
08-Apr-13
TBA
TBA
TBA
NATL TOUR & HT/d
7.47
6.69%
50.00%
84.43
100.00
42.22
27-Mar-13
03-Apr-13
04-Apr-13
07-Apr-13
RAK POULTRY FE/d
1.50
3.33%
5.00%
44.44
4.32
2.22
06-Mar-13
13-Mar-13
14-Mar-13
17-Mar-13
NHP
ND
3.13
0.00
0.00
24-Apr-13
01-May-13
02-May-13
05-May-13
297.55
ND
0.11
0.00
0.00
TBA
TBA
TBA
TBA
UNITED FOODS C/d
UNIKAI/d
50.00%
10.00%
20.00%
200.00
240.00
86.40
10.00%
25.00
27.50
0.30
Payment
Date
01-Apr-13
Energy Sector
Proposed Distributions
Company
Latest Close Dividend Yield
Cash
Dividends
Stock
Dividends
Shares (mn)
Issued
Shares
Shares
Adjusted for
Stock
Dividends
Distributions (AEDmn)
Floated
Shares
Dividends Dividends
Available to Available to
Common
Floated
Shares
Shares
Related Events
AGM Date
Last Date to
Participate
Ex-Date
Record Date
DANA GAS/d
0.49
ND
6,602.00
5,273.68
0.00
0.00
24-Mar-13
TBA
TBA
TBA
AD NATL ENERGY/d
1.33
ND
6,224.71
2,288.53
0.00
0.00
TBA
TBA
TBA
TBA
Dividend Chronology Report
Payment
Date
Page 5
Finance and Investment Sector
Proposed Distributions
Company
Latest Close Dividend Yield
Cash
Dividends
Stock
Dividends
Shares (mn)
Issued
Shares
Shares
Adjusted for
Stock
Dividends
Distributions (AEDmn)
Floated
Shares
Dividends Dividends
Available to Available to
Common
Floated
Shares
Shares
Related Events
AGM Date
Last Date to
Participate
Ex-Date
Record Date
AMLAK FINANCE
NHP
ND
1,500.00
825.00
0.00
0.00
TBA
TBA
TBA
TBA
DUBAI FINANCIAL MARKET
1.16
ND
8,000.00
1,629.60
0.00
0.00
16-Apr-13
TBA
TBA
TBA
DB INVST CO/d
0.91
ND
3,570.40
2,967.00
0.00
0.00
TBA
TBA
TBA
TBA
GULF GENERAL CO
0.34
ND
1,791.33
721.91
0.00
0.00
TBA
TBA
TBA
TBA
SHUAA CAPITAL/d
0.58
ND
1,065.00
529.90
0.00
0.00
TBA
TBA
TBA
TBA
TAMWEEL/d
1.15
4.35%
1,000.00
417.50
50.00
20.88
03-Mar-13
11-Mar-13
12-Mar-13
13-Mar-13
WAHA CAPITAL/d
0.75
ND
1,897.09
1,607.31
0.00
0.00
TBA
TBA
TBA
TBA
5.00%
Payment
Date
Health and Pharmaceutical Sector
Proposed Distributions
Company
Latest Close Dividend Yield
Cash
Dividends
Stock
Dividends
Shares (mn)
Issued
Shares
Shares
Adjusted for
Stock
Dividends
Distributions (AEDmn)
Floated
Shares
Dividends Dividends
Available to Available to
Common
Floated
Shares
Shares
Related Events
AGM Date
Last Date to
Participate
Ex-Date
Record Date
Payment
Date
01-Apr-13
GULF MEDICAL/d
1.89
2.65%
5.00%
5.00%
603.75
633.94
108.01
30.19
5.40
09-Mar-13
17-Mar-13
18-Mar-13
19-Mar-13
GULF PHARM IND/d
3.01
3.32%
10.00%
10.00%
784.69
863.16
501.06
78.47
50.11
21-Mar-13
27-Mar-13
28-Mar-13
31-Mar-13
Dividend Chronology Report
Page 6
Insurance Sector
Company
AL AIN INS CO/d
BUHAIRA NAT IN/d
Latest Close Dividend Yield
35.00
8.57%
3.43
ND
Proposed Distributions
Shares (mn)
Distributions (AEDmn)
Cash
Dividends
Shares
Adjusted for
Stock
Dividends
Dividends Dividends
Available to Available to
Common
Floated
Shares
Shares
30.00%
Stock
Dividends
Issued
Shares
Floated
Shares
Related Events
AGM Date
Last Date to
Participate
Ex-Date
Record Date
Payment
Date
W/in 1mo
15.00
9.98
45.00
29.95
25-Feb-13
05-Mar-13
06-Mar-13
07-Mar-13
250.00
92.25
0.00
0.00
TBA
TBA
TBA
TBA
375.00
262.99
0.00
0.00
09-Apr-13
TBA
TBA
TBA
1.00
0.13
0.08
0.01
28-Mar-13
03-Apr-13
04-Mar-13
07-Apr-13
410.00
294.89
0.00
0.00
TBA
TBA
TBA
TBA
1.00
0.21
0.15
0.03
26-Mar-13
03-Apr-13
04-Apr-13
07-Apr-13
225.75
169.40
0.00
0.00
TBA
TBA
TBA
TBA
AD NATL INS CO/d
5.70
ND
AL FUJAIRAH INSURANCE
NHP
NM
AL KHAZNA INS /d
0.75
ND
ALLIANCE INSUR/d
383.50
0.04%
DB ISL INS&REI/d
1.08
ND
ARAB ORIENT IN/d
NHP
NM
20.00%
4.05
0.10
81.00
2.03
26-Feb-13
06-Mar-13
07-Mar-13
10-Mar-13
A.SCANDINAVN I/d
NHP
NM
15.00%
140.00
15.22
21.00
2.28
20-Mar-13
27-Mar-13
28-Mar-13
31-Mar-13
AL SAGR NATL I/d
NHP
ND
230.00
32.43
0.00
0.00
TBA
TBA
TBA
TBA
WATHBA NATL IN/d
2.25
4.44%
10.00%
180.00
57.83
18.00
5.78
10-Mar-13
18-Mar-13
19-Mar-13
20-Mar-13
AL DHAFRA INS /d
6.00
6.67%
40.00%
100.00
72.81
40.00
29.12
19-Mar-13
27-Mar-13
28-Mar-13
31-Mar-13
DUBAI INS CO/d
2.72
7.35%
20.00%
100.00
51.11
20.00
10.22
05-Mar-13
13-Mar-13
14-Mar-13
17-Mar-13
DNIR/d
1.90
10.53%
20.00%
115.50
37.65
23.10
7.53
17-Mar-13
25-Mar-13
26-Mar-13
27-Mar-13
TAKAFUL HOUSE/d
0.57
ND
100.00
64.00
0.00
0.00
TBA
TBA
TBA
TBA
EMIRATES INS C/d
6.55
9.16%
135.00
94.23
81.00
56.54
26-Mar-13
03-Apr-13
04-Apr-13
07-Apr-13
GREEN CRS INS /d
0.42
ND
100.00
63.80
0.00
0.00
TBA
TBA
TBA
TBA
METHAQ/d
1.02
ND
150.00
106.70
0.00
0.00
10-Apr-13
TBA
TBA
TBA
NATL GEN INS/d
6.84
2.92%
149.95
54.21
29.99
10.84
18-Mar-13
26-Mar-13
27-Mar-13
28-Mar-13
OM INSURANCE C/d
4.94
ND
461.87
156.34
0.00
0.00
31-Mar-13
TBA
TBA
TBA
RAK NATL INS C/d
NHP
ND
100.00
31.34
0.00
0.00
TBA
TBA
TBA
TBA
ISLAMIC ARAB INSURANCE
0.65
ND
1,210.00
878.88
0.00
0.00
TBA
TBA
TBA
TBA
SHARJAH INS CO/d
NHP
NM
137.50
56.87
13.75
5.69
20-Apr-13
28-Apr-13
29-Apr-13
30-Apr-13
TAKAFUL-EM/d
0.59
ND
150.00
99.79
0.00
0.00
TBA
TBA
TBA
TBA
ABD NAT TAKAFU/d
5.06
2.57%
100.00
55.35
13.00
7.20
26-Mar-13
03-Apr-13
04-Apr-13
07-Apr-13
UNITED INS CO/d
NHP
ND
100.00
28.51
0.00
0.00
26-Mar-13
TBA
TBA
TBA
UNION INS CO./d
1.10
ND
330.94
138.70
0.00
0.00
TBA
TBA
TBA
TBA
WATANIA
0.99
ND
150.00
47.46
0.00
0.00
27-Mar-13
TBA
TBA
TBA
Dividend Chronology Report
7.50%
15.00%
60.00%
20.00%
10.00%
13.00%
15-Apr-13
Page 7
Property Sector
Proposed Distributions
Company
Latest Close Dividend Yield
ALDAR PROPERTI/d
1.44
4.17%
DUBAI DEV CO/d
NHP
DEYAAR/d
Cash
Dividends
Stock
Dividends
6.00%
Shares (mn)
Issued
Shares
Shares
Adjusted for
Stock
Dividends
Distributions (AEDmn)
Floated
Shares
Dividends Dividends
Available to Available to
Common
Floated
Shares
Shares
Related Events
AGM Date
Last Date to
Participate
Ex-Date
Record Date
4,481.63
3,062.58
268.90
183.76
03-Mar-13
11-Mar-13
12-Mar-13
13-Mar-13
ND
10.00
5.70
0.00
0.00
TBA
TBA
TBA
TBA
0.34
ND
5,778.00
3,410.18
0.00
0.00
25-Mar-13
02-Apr-13
03-Apr-13
04-Apr-13
EMAAR PROPERTI/d
5.56
1.80%
10.00%
6,091.44
5,140.56
609.14
514.06
09-Apr-13
TBA
TBA
TBA
ESHRAQ PROPERTIES
0.62
8.06%
5.00%
625.20
75.00
31.26
08-Apr-13
16-Apr-13
17-Apr-13
18-Apr-13
RAK PROPERTIES/d
0.56
8.93%
5.00%
2,000.00
2,000.00
100.00
100.00
16-Mar-13
24-Mar-13
25-Mar-13
26-Mar-13
SOROUH REAL ES/d
1.75
3.43%
6.00%
2,625.00
2,228.36
157.50
133.70
03-Mar-13
11-Mar-13
12-Mar-13
13-Mar-13
UNION PROP/d
0.41
ND
3,366.86
1,592.19
0.00
0.00
TBA
TBA
TBA
TBA
17.00%
1,500.00
1,755.00
Payment
Date
As per the clarification to the ADX, Eshraq is planning to distribute 5% cash dividends to all shareholders (founders, investors or
subscribers). However, Eshraq will only distribute the 17% stock dividends to company founders who have already paid in full the par
value of their share. Note that the founders currently represent 45% of the capital of Eshraq. Likewise, on behalf of the subscribers to
the IPO, Eshraq will pay 17% or AED0.17 (to be taken from retained earnings) to change the paid-up capital from AED0.25 to AED0.42.
Telecommunications Sector
Proposed Distributions
Company
DU/d
EMIRATES TELEC/d
Latest Close Dividend Yield
Cash
Dividends
Stock
Dividends
Shares (mn)
Issued
Shares
Shares
Adjusted for
Stock
Dividends
Distributions (AEDmn)
Floated
Shares
Dividends Dividends
Available to Available to
Common
Floated
Shares
Shares
Related Events
AGM Date
Last Date to
Participate
Ex-Date
Record Date
4.47
6.71%
30.00%
4,571.43
1,422.86
1,371.43
426.86
25-Mar-13
27-Mar-13
28-Mar-13
31-Mar-13
10.15
6.90%
70.00%
7,906.14
3,161.27
5,534.30
2,212.89
17-Mar-13
25-Mar-13
26-Mar-13
27-Mar-13
Payment
Date
14-Apr-13
This includes the 25% cash dividends already paid out to
common shareholders for the first half of 2012.
Dividend Chronology Report
Page 8
Transport and Logistics Sector
Proposed Distributions
Company
Latest Close Dividend Yield
Cash
Dividends
Stock
Dividends
Shares (mn)
Issued
Shares
Shares
Adjusted for
Stock
Dividends
Distributions (AEDmn)
Floated
Shares
Dividends Dividends
Available to Available to
Common
Floated
Shares
Shares
Related Events
AGM Date
Last Date to
Participate
Ex-Date
Record Date
AD AVIATION/d
2.99
ND
404.35
343.70
0.00
0.00
TBA
TBA
TBA
TBA
AD SHIPBLDG CO/d
1.45
ND
211.99
136.69
0.00
0.00
28-Mar-13
TBA
TBA
TBA
AIR ARABIA/d
0.92
7.63%
7.00%
4,666.70
3,501.66
326.67
245.12
17-Mar-13
TBA
TBA
TBA
ARAMEX/d
2.16
4.63%
10.00%
1,464.10
1,319.15
146.41
131.92
04-Apr-13
10-Apr-13
11-Apr-13
14-Apr-13
DP WORLD
13.15
ND
830.00
162.25
0.00
0.00
TBA
TBA
TBA
TBA
0.26
ND
1,655.00
1,613.79
0.00
0.00
18-Apr-13
TBA
TBA
TBA
GULF NAVIGATIO/d
Payment
Date
Notes to the Report
Dates in Red Font
Events that have expired, as of 11 March 2013
Dates in Green Font (Bolded)
Events to transpire between 11 March 2013 and 18 March 2013
Prices:
As of 10 March 2013
Disclosures Cut-off Date:
As of 11 March 2013, 10AM
Sources:
Company Financial Statements, Abu Dhabi Stock Exchange (ADX), Dubai Financial Market (DFM), Securities and Commodities Authority (SCA), UAE Central Bank,
Bloomberg, Reuters, Zawya
Dividend Chronology Report
Page 9
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