UNITED ARAB EMIRATES

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COUNTRY:
Name & Address:
NAME INQUIRED
UNDER:
Correct Registered
Name:
UNITED ARAB EMIRATES
ARAB HEAVY INDUSTRIES PJSC AHI
ARAB HEAVY INDUSTRIES P.J.S.C.
Other Trading name: AHI
Address:
Near Ajman Old Fish Market, Close by Ajman Port, Opposite Ras Al Khaimah Highway - Al Zora
Yard Road
AJMAN
Ajman UNITED ARAB EMIRATES
P.O.Box:
529
Telephone:
+971-6-5263232
Fax:
+971-6-5263233
Email:
[email protected]
Web:
www.ahi-uae.com
Business address:
Near Ajman Old Fish Market, Close by Ajman Port, Opposite Ras Al Khaimah Highway - Al Zora Yard
Road
AJMAN
Ajman UNITED ARAB EMIRATES
Summary of Ratings:
Maximum Credit:
EUR 177,239.00
Payment Records:
Comment:
A check against all available information sources of Mecos Infocredit revealed that no late
payment incidents against subject company exist.
Credit Rating:
Without Rating
Nil Rating N Rating
X Rating
Credit Rating
Low Risk
Normal
Risk
Average
Risk
Above
Average
Risk
High Risk
Normal Risk
Indicates normal credit risk of default and is assigned to companies of particularly good credit
quality.
Commercial
Morality:
Good
Financial Strength:
Good
Normal Risk
Credit Rating:
Legal Status:
Legal Form:
Joint Stock Company
Date of foundation:
30.06.1975
Registration number
2324 Ajman
and city:
Registration date:
30.06.1975
Name Registered
ARAB HEAVY INDUSTRIES LTD. S.A.
Under:
Present Style
Adopted on:
27.12.2006
Commercial
Registration No.:
Refused
Chamber’s
Membership No.:
Refused
Trading License No.: Refused
Municipality No.:
Not Available
Former registration
name:
ARAB HEAVY INDUSTRIES LTD. S.A.
MECOS number: 181150
National ID: NEM006003
Former company
names:
ARAB HEAVY INDUSTRIES LTD. S.A.
Company Status:
Registration status: 30.06.1975 - registered company
Activity status: 30.06.1975 - Company is active
Principals:
Shareholders
Full Name
Function
M/s. Keppel Group
Shareholder
M/s. Futtaim Holding
Shareholder
M/s. Government Of
Shareholder
Ajman
M/s. Mashreq Bank PSC Shareholder
M/s. Mitsui Engg. And Shareholder
Shipbuilding Co. Ltd.
Others
Shareholder
Nationality
UNITED ARAB EMIRATES
UNITED ARAB EMIRATES
UNITED ARAB EMIRATES
Equity Address
33.32% UNITED ARAB EMIRATES
27.78% UNITED ARAB EMIRATES
24.99% UNITED ARAB EMIRATES
UNITED ARAB EMIRATES
UNITED ARAB EMIRATES
8.33% UNITED ARAB EMIRATES
3.57% UNITED ARAB EMIRATES
UNITED ARAB EMIRATES
2.01% UNITED ARAB EMIRATES
Management
Full Name
Age Function
Mr. Obaid Ali Al Muhairi
Chairman /
Director
Nationality
Qualification Experience
Not disclosed Member of the Federal
National Council.
Mr. Ali Abdullah Al
Hamrani
Vice-Chairman
(Deputy)
Not disclosed
Mr. Leong Yew Kong
Director (/
Member of the
Board)
Not disclosed
Mr. Keith S. Stack
Director (/
Member of the
Board)
Director (/
Member of the
Board)
Director (/
Member of the
Board)
Not disclosed
Mr. Rashid Humaid Al
Mazroei
Mr. Salem Abdullah Al
Ghurair
Not disclosed
Not disclosed
Address
UNITED
ARAB
EMIRATES
Director of Ajman
UNITED
Municipality and Member of ARAB
the Federal National Council EMIRATES
General Manager of Arab
UNITED
Heavy Industries PJSC.
ARAB
Seconded from Keppel
EMIRATES
Limited, Singapore
Group Director - Industries, UNITED
Al-Futtaim Industries (PVT) ARAB
Ltd., Dubai
EMIRATES
Managing Director of Bahra UNITED
& Mazroei Trading
ARAB
Company, Dubai
EMIRATES
Director of Technical
UNITED
Business Management LLC., ARAB
Leasing Manager for Al
EMIRATES
Ghurair Investment LLC
Mr. Saleh Said Al
Matrooshi
Mr. Abdulla Ali
Bushager
Director (/
Member of the
Board)
Member Of the
Board
Mr. Nelson Yeo Chien
Sheng
Member Of the
Board
Not
Mr. Salem Abdulla Al
Ghurair
Member Of the
Board
UNITED ARAB Not
EMIRATES
Mr. Khalid Abdulla Al
Futtaim
Member Of the
Board
Not
Mr. Ahmed Zaki
Haroon
Member Of the
Board
Not
His Excellency Abdul
Rahman Mohammed
Al-Owais
Dr. Foo Kok Seng
Member Of the
Board
Not
Member Of the
Board
Not
Mr. Charles Foo Chee
Lee
Director
Not
Mr. Abdulla Ali Abu
Shaqer
Director
Not
Mr. Goh Boon Kiat
Director
Not
Mr. Chan Lim Hong
General Manager
Not
Administrative & SINGAPORE
Financial Manager
Not
Mr. Laufook Wengondy
Asss General
Manager
Not
Mr. Emil Kerchev
Mateev
Production
Manager
(Assistant)
Commercial
Manager
Not
Mr. Yang Nang Tang
Mr. Kamal Ahmed
55
Not disclosed Protocol Manager, Ruler's
Court, Ajman
UNITED ARAB Not
EMIRATES
Not
Mr. Mohammad Azam
Executive (Public INDIA
Relations Officer)
Not
Mrs. Vijaya S.
Secretary
(Managing
Director)
Not
Activities:
Activities:
Operations:
INDIA
UNITED
ARAB
EMIRATES
disclosed Not disclosed
UNITED
ARAB
EMIRATES
disclosed Not disclosed
UNITED
ARAB
EMIRATES
disclosed Not disclosed
UNITED
ARAB
EMIRATES
disclosed Not disclosed
UNITED
ARAB
EMIRATES
disclosed Not disclosed
UNITED
ARAB
EMIRATES
disclosed Not disclosed
UNITED
ARAB
EMIRATES
disclosed Not disclosed
UNITED
ARAB
EMIRATES
disclosed Managing Director of Keppel UNITED
Hitachi Zosen Limited and
ARAB
Keppel Tuas PTE Ltd.
EMIRATES
disclosed Public Relations Manager of UNITED
Al-Futtaim Wimpey (PVT)
ARAB
Ltd, Dubai
EMIRATES
disclosed General Manager (Group
UNITED
Business Development &
ARAB
Special Projects) of Keppel EMIRATES
Hitachi Zosen Ltd.
disclosed Not disclosed
UNITED
ARAB
EMIRATES
disclosed Keppel Group for 12 years, UNITED
Joined AHI in july 2006
ARAB
EMIRATES
disclosed Not disclosed
UNITED
ARAB
EMIRATES
disclosed Not disclosed
UNITED
ARAB
EMIRATES
disclosed Not disclosed
UNITED
ARAB
EMIRATES
disclosed Not disclosed
UNITED
ARAB
EMIRATES
disclosed Not disclosed
UNITED
ARAB
EMIRATES
Importers
NACE
3011 Building of ships and floating structures
SIC
main activity
3441 Fabricated Structural Metal
3731 Ship Building and Repairing (except floating dry docks not associated with shipyards)
Analysis: Services: This Ajman industry comprises establishments primarily undertakes ship
repairs, ship building and steel fabrication works.
Briefing:
A. Shiprepair and conversions
Dry-docking for annual and special surveys by leading classification societies;
Cleaning, blasting and painting of hulls and tank internals;
Damage and emergency repairs;
Ship conversions and modifications;
Overhauling and installation of main and auxiliary diesel engines and deck machinery,
Electrical repairs and installations; and
Afloat repairs along the wharf or offshore running repairs.
B. Shipbuilding
Tug boats
Oil, water and deck cargo barges
Oil skimming pontoons
Multi-purpose work barges
Split-Hopper barges; and
Naval jetties
C. Steel Fabrication and Engineering
Platforms, jackets, dolphins, piers;
Barges, pontoons, floaters, buoys;
Rolling and fabrication of pipes;
Stacks, ducts, silos, kilns;
Tanks, pressure vessels;
Monopoles for telecommunication industry; and
RTGs
D. Offshore- Repair and Modifications to MODUS
The comprehensive steel fabrication shop and the large fabrication areas are specially catered
for construction of modules, jackets, legs and other steel structures.
More than 500 meters of repair berths are available for alongside work. A 5000T load out facility
also allows efficient load out of heavy structures safely and efficiently.
With the skilled workforce and the effective project management teams, AHI is able to
undertake offshore projects quickly and economically.
Supported by the extensive experience and technical expertise of the Keppel Group, AHI offers
complete solutions to all repair, refurbishment, modification and upgrading of Mobile Offshore
Drilling Units.
E. Afloat and anchorage repairs
Docking repairs to vessels up to 115 meters
Steel repairs.
Engine and other mechanical equipment.
Electrical repairs, trouble shooting and rewinding.
Blasting and painting.
Piping renewals.
Business Activities
Ship Building / Repair
Industry Classifications - NAICS
» Ship Building and Repairing
Ship Building and Repairing
NAICS #336611 | This U.A.E. industry comprises establishments primarily engaged in operating
a shipyard. Shipyards are fixed facilities with drydocks and fabrication equipment capable of
building a ship, defined as watercraft typically suitable or intended for other than personal or
recreational use. Activities of shipyards include the construction of ships, their repair, conversion
and alteration, the production of prefabricated ship and barge sections, and specialized services,
such as ship scaling. Fabricating structural assemblies or components for ships, or
subcontractors engaged in ship painting, joinery, carpentry work, and electrical wiring
installation--are classified based on the production process used; and Ship repairs performed in
floating drydocks--are classified in Industry 488390, Other Support Activities for Water
Transportation.
Motor Vehicles:
This information was not disclosed.
Imports:
AUSTRALIA, SINGAPORE, OMAN, UNITED STATES, JAPAN, NETHERLANDS
Payment terms:
L/C Base (Letter of Credit)
Other Term: Open Credit 60 days
Exports:
KUWAIT, INDIA, OMAN, UNITED STATES: 15%
Payment terms:
L/C Base (Letter of Credit)
Prepayment / Advance Payment
Trade Suppliers:
Name
Country
Product
Admiral Industrial
UNITED STATES
Ship spares
CMR (Far East) Pte
Ltd.
SINGAPORE
Ship spares
Keppel - Sea Scan
International
SINGAPORE
Ship spares and steel materials.
Rikisi Trading
JAPAN
Ship spares
Payment Term: Letter of Credit
MAJOR CUSTOMERS:
AHI's extensive list of prestigious clients include:
A. Ship repair and conversions
I. Boskalis Westminister Middle East, Abu Dhabi, UAE.
II. Doha Marine Services W.L.L, Doha, Qatar.
III. E-Marine(ETISALAT), Abu Dhabi
IV. FAL Shipping Company LTD, Sharjah, UAE.
V. Global Offshore International / Subtec Middle East Ltd., Sharjah.
VI. Great Eastern Shipping Company, Mumbai, India.
VII. Gulf Cobla (Pvt) LTD., Dubai, UAE.
VIII. National Iran Tanker Company, Tehran, Iran.
IX. National Petroleum Construction Company, Abu Dhabi, UAE.
X. Seabulk Offshore International Inc., Sharjah, UAE (Hvide Marine, U.S.A).
XI. Seacor Marine Middle East, Dubai, UAE.
XII. Sevenseas Maritime , U K.
XIII. Swire Pacific Offshore, Dubai, UAE.
XIV. Tidewater Marine International Inc., Dubai, UAE.
XV. Van Oord Acz. Overseas BV, Abu Dhabi, UAE.
XVI. Pacific International Lines, Singapore.
B. Shipbuilding
I. Bibby Line, UK
52m Self-propelled jack up service vessel.
II. Gulf Cobla, Dubai
70m Split hopper dredger.
III. NPCC, Abu Dhabi
250' x 70' Launch Barge.
180' x 50' Deck Cargo Barge.
200' x 60' x 15' Deck Cargo Barge.
IV. Modec, Tokyo
Pontoon Barges.
Workforce:
Number Of
Employees:
540
Description Of Premises:
Address:
Near Ajman City Center, Opposite Ras Al Khaimah Highway - Al Zora Yard Road
AJMAN
Ajman UNITED ARAB EMIRATES
Type of premises:
Premises
Size:
27 Hectares
Type of ownership:
unknown
Area:
Good Area
Condition:
Good
Headquarters:
The subject operates from premises of 27 hectares area located on an island off the Ajman Souk
in Ajman, comprising of the yard and office.
Related Companies:
Subsidiary Company
Arab Eagle Marine Engineering LLC.-(AEME) , UNITED ARAB EMIRATES
PLEASE NOTE THE FOLLOWING ADDITIONAL INFORMATION ON RELATED COMPANY
Subsidiary Company:
Arab Eagle Marine Engineering LLC.-(AEME)
Dubai Ship Docking Yard
Al Outeyat Road
Al Jaddaf - 1
Dubai, UAE
P O Box 8238
Tel: 00971 4 3341020
Fax: 00971 4 3241683
Trade License No: 300920
Chamber No: 55742
Expiry Date: 29/03/2011
Activity: Engaged in the activity of afloat repair.
Bankers:
Commercial Bank of Dubai
P O Box: 2668, Dubai Tel: 00971 4 2121000
Standard Chartered Bank
P O Box: 66, Dubai Tel: 00971 4 3535000
HSBC Bank Middle East
P O Box: 25, Sharjah Tel: 00971 6 5537222
Mashreq Bank
P O Box: 2082, Sharjah Tel: 00971 6 5118216
The subject did not wish to disclose banking facilities and account numbers.
Press:
02.01.2011, http://www.asmainfo.com/DUBAI/En/news/shownews.asp
Results for Fiscal Year 2010 Arab Heavy Industries (DFM)
Arab Heavy Industries announced its results for its Fiscal Year 2010 ended on 31-12-2010 as follows:
Net Profit AED 21,454,737
Earnings per share AED 31.91
Net Profit last year AED 90,895,256
Earnings per share last year AED 135.21
The Board of Directors recommended a dividend payout of 16,806,475 AED.
17.01.2011, http://www.mubasher.info/portal/dfm/getDetailsStor
Arab Heavy Industries board discusses FY10 financials
The board of Arab Heavy Industries (AHI) will convene today, Monday, Jan. 17, 2011, at 11:00 a.m. to look into FY10
financial statements.
Auditors / Accountants:
Auditor: Mr. Samir Madbak - Registration No. 380
Date: 31.12.2010
Financials have been audited
Company: Deloitte & Touche (M.E.), Sharjah, UAE
Share Capital:
Registered capital:
AED 67,225,900.00 since 27.12.2006
Issued capital:
AED 672,259.00
Charges:
Please note that this information is not available.
Finance:
Amounts shown in UAE
Dirham (AED)
2010
2009
2008
2007
83,087,529.00
220,263,573.00
227,044,533.00
6,864,815.00
195,099,399.00
3,092,133.00
PROFIT & LOSS
Sales Turnover
Other Operating
Income
Other Operating
Expenses
Operational Profit
Net Profit
-145,264,681.00
-147,209,450.00
47,889,949.00
53,014,344.00
21,454,737.00
90,895,256.00
81,779,852.00
90,966,180.00
113,267,552.00
107,664,220.00
105,917,298.00
108,073,944.00
2,773,497.00
8,770,817.00
28,079,768.00
2,773,497.00
12,238,889.00
45,730,712.00
2,773,497.00
27,378,530.00
45,560,012.00
2,773,497.00
11,495,539.00
29,736,812.00
77,881,239.00
114,731,824.00
230,772,873.00
84,855,558.00
131,649,663.00
189,619,264.00
300,056,981.00
132,605,761.00
120,807,259.00
193,746,856.00
302,437,651.00
118,493,901.00
84,017,370.00
125,249,721.00
236,097,162.00
75,084,789.00
192,416,998.00
31,496,763.00
240,167,201.00
52,847,926.00
225,303,635.00
70,366,442.00
173,047,700.00
56,461,900.00
31,876,753.00
230,772,873.00
38,355,875.00
53,142,804.00
300,056,981.00
59,889,780.00
70,661,271.00
302,437,651.00
77,134,016.00
56,620,289.00
236,097,162.00
63,049,462.00
BALANCE SHEET
Property, Plant &
Equipment
Goodwill
Inventory / Stock
Trade Debtors
(receivables from
customer)
Cash in Hand & at Bank
Total Current Assets
Total Assets
Retained Profit /
Earnings) for the year
Total Equity
Trade Creditors
(accounts payable)
Total Current Liabilities
Total Equity & Liabilities
Total Liabilities
Book Closes on 31st Dec.
Profit/Loss: Trading in Profit
Economic Result: Positive
Note: The above financials are consolidated figures from the dubai stock exchange.
Comments: Please note that the subject declined to release any further financial information neither such data was found being
officially published.
Credit Risk Management: ( Auditor's Report)
-------------------------------------------The Group has adopted a policy of dealing with creditworthy counterparties as a means of mitigating the risk of financial loss
from defaults.
The Group’s exposure and the credit quality of its counterparties are continuously monitored and the aggregate value of
transactions concluded is spread amongst approved counterparties.
Credit exposure is controlled by counterparty limits that are reviewed and approved by management.
Trade receivables consist of a large number of customers. Ongoing credit evaluation is performed on the financial condition of
receivables. The Group does not have any significant credit risk exposure to any single counterparty or any group of
counterparties having similar characteristics.
The Group defines counterparties as having similar characteristics if they are related entities. Concentration of Credit Risk did
not exceed 26% (2009: 35%) of gross monetary assets at any time during the year. The credit risk on liquid funds is limited
because the counterparties are banks registered in the United Arab Emirates.
The carrying amount of financial assets recorded in the consolidated financial statements, which is net of impairment losses,
represents the Group’s maximum exposure to credit risk.
Ratios:
Current ratio - 2 is an acceptable result, but even
1,8 is considered excellent in bank practice
2010
3.60
2009
3.57
2008
2.74
2007
2.21
3.60
3.57
2.74
2.21
0.17
0.20
0.26
0.27
0.09
0.30
0.30
0.22
0.11
0.38
0.40
0.31
25.82
41.27
40.07
27.17
9.47
18.00
8.29
16.97
123.35
75.78
73.24
55.63
244.32
247.73
170.97
148.39
88.09
86.05
64.48
52.52
359.92
356.81
274.19
221.21
Current Assets / Current Liabilities
Quick ratio (QR ) - 1 is an excellent result, but
anything above 0,8 is considered good
(Current Assets - Inventory) / Current Liabilities
Debt ratio (%)
(Total Liabilities / Total Assets) x 100
Return on assets ( ROA )
Net Profit After Tax / Total assets
Return on equity ( ROE )
Net Profit After Tax / Total Equity
Return on sales ( ROS )
Net Profit x 100 / Sales Turnover
Day's supply in inventory
Sales Turnover / Inventory
Collection Period Ratio (in days)
Accounts Receivable x 365 / Sales Turnover
Cash Liquidity Ratio
Liquid Assests / Current Liabilities x 100
Receivables Ratio (%)
Accounts Receivable / Current Liabilities x 100
Current Assets Ratio (%)
(Current Assets - Accounts Receivable) / Current
Liabilities x 100
GENERAL COMMENTS:
The suejct company was established in 1975. The company, Arab Heavy Industries (AHI) is a public joint stock company listed
on 27.12.2006 (Dubai Stock Exchane) which is jointly owned by The Ajman Government, Al-Futtaim Group, Keppel Group of
Singapore and other investors.
It provides an entire spectrum of ship repair, conversion, shipbuilding and steel fabrication services to the marine, offshore and
engineering industries.
The company is managed by the Keppel Group, Singapore. The ship repair and shipbuilding division of the group has one of the
largest shipyard operations in Singapore and an international network of shipyards in Asia, Middle East AND North America.
INDUSTRIAL ANALYSIS:
--------------------TRANSPORT & INFRASTRUCTURE
With a population currently growing at 18% per year and real estate investments worth more than Dh80bn ($21.78bn), current
projects to improve the emirate's transport and infrastructure are increasingly important. Most of the current focus has been on
the Ajman Port, improved road links to neighbouring emirates and a new state-of-the-art sewage and wastewater treatment
plant anticipated to come online in 2009. The plant is a public-private partnership being constructed on a build-operate-transfer
basis. The government initially owns 20% of the plant, gaining full ownership after 25 years. Because air conditioning is a
necessity and places a heavy burden on the electricity supply, the introduction of district cooling that provides cooling from a
central location to various locations has been introduced as an alternative. It initially met with some resistance due to high start
up costs. However with electricity becoming an ever more precious commodity as greater demands are placed on the system,
the technology is starting to catch on in Ajman, as well as throughout the rest of the UAE. Additionally, the municipality's
planning department is making efforts to systemise and rationalise land use in the emirate for maximum economic benefit with
an eye towards environmental sustainability. Despite recent updates to the Port of Ajman, which can now handle 3000 twenty
foot equivalent units each month, competition with other, much larger, regional ports has left officials looking to relocate the
port to a more advantageous location within the emirate.
CREDIT RISK EVALUATION
A credit rating assesses the credit worthiness of a company. A poor credit rating indicates a high risk of defaulting on a loan. A
Credit rating is estimated based on an analysis of commercial, financial and trading data.
MAXIMUM CREDIT RECOMMENDED
The amount advised is a recommended maximum credit exposure at any one time.
SCALES
Low Risk Rating
Indicates specifically low risk of credit defaulting and is assigned to companies of exceptional credit quality.
Normal Risk Rating
Indicates normal credit risk of default and is assigned to companies of particularly good credit quality.
Average Risk Rating
Indicates average risk of credit defaulting and is assigned to companies of moderate credit quality.
Above Average Risk Rating
Indicates increased risk of credit defaulting and is assigned to companies of low credit quality.
High Risk Rating
Indicates possibility of very high risk of credit defaulting and is assigned to companies of very low credit quality.
N Risk Rating
This is a recently established company.
Unable to provide credit risk rating due to lack of historical data.
X Risk Rating
Indicates the highest risk of credit defaulting and is assigned to companies of extremely low credit quality. (adverse press
information, dissolved, bankruptcy procedures, termination of activities, detrimental information)
Nil Risk Rating
Lack of sufficient data. (financial statements overdue or dormant).
UNITED ARAB EMIRATES – FACTS AND FIGURES
Population: 4,798,491
Area: 83,600 SQ KM
Capital: Abu Dhabi
Currency: Emirati dirham
Currency Code: AED
GDP (Purchasing Power Parity): $200.4 Billion
GDP - Composition by Sector:
GDP (Official Exchange Rate): $228.6 Billion
Agriculture: 1.1%
GDP - Real Growth Rate: 1.4%
Industry: 48.6%
GDP - Per Capita (PPP): $41,800
Services: 50.2%
Industries:
Petroleum and Petrochemicals; Fishing, Aluminium, Cement, Fertilizers, Commercial Ship Repair, Construction Materials, Some
Boat Building, Handicrafts, Textiles
The UAE has an open economy with a high per capita income and a sizable annual trade surplus. Successful efforts at
economic diversification have reduced the portion of GDP based on oil and gas output to 25%.
The economy is still dependent on Abu Dhabi’s oil revenues. With high debt, public companies in Dubai were severely affected
by the financial crisis. Payment defaults have accelerated. Many projects have been put on hold. As there is no sovereign
guarantee on the debt of Dubai World and its main real estate subsidiary (Nakheel), a failure of the debt restructuring that is
required could lead to bankruptcies.
Last Updated: March 2010
GETTING CREDIT (Source Doing Business – The World Bank Group DATE UPDATED: JULY
2009)
Getting Credit DB09 rank: 68
Getting Credit DB08 rank: 116
Change in rank: +48
Measures on credit information sharing and the legal rights of borrowers and lenders are shown below. The Legal
Rights Index ranges from 0-10, with higher scores indicating that those laws are better designed to expand access to
credit. The Credit Information Index measures the scope, access and quality of credit information available through
public registries or private bureaus. It ranges from 0-6, with higher values indicating that more credit information is
available from a public registry or private bureau.
Legal Rights Index United Arab Emirates
4
Legal Rights Index Region
3.3
Legal Rights Index OECD
6.8
Credit Information Index United Arab Emirates
5
Credit Information Index Region
2.9
Credit Information Index OECD
4.8
Public registry coverage (% adults) United Arab Emirates
6.5
Public registry coverage (% adults) Region
4.8
Public registry coverage (% adults) OECD
8.4
Private bureau coverage (% adults) United Arab Emirates
7.7
Private bureau coverage (% adults) Region
9.7
Private bureau coverage (% adults) OECD
58.4
PROTECTING INVESTORS (Source Doing Business – The World Bank Group)
Protecting Investors DB09 rank: 113
Protecting Investors DB08 rank: 110
Change in rank: -3
The indicators below describe three dimensions of investor protection: transparency of transactions (Extent of
Disclosure Index), liability for self-dealing (Extent of Director Liability Index), shareholders’ ability to sue officers and
directors for misconduct (Ease of Shareholder Suits Index) and Strength of Investor Protection Index. The indexes
vary between 0 and 10, with higher values indicating greater disclosure, greater liability of directors, greater powers of
shareholders to challenge the transaction, and better investor protection.
Disclosure Index United Arab Emirates
4
Disclosure Index Region
5.9
Disclosure Index OECD
5.9
Director Liability Index United Arab Emirates
7
Director Liability Index Region
4.8
Director Liability Index OECD
5
Shareholder Suits Index United Arab Emirates
2
Shareholder Suits Index Region
3.7
Shareholder Suits Index OECD
6.6
Investor Protection Index United Arab Emirates
4.3
Investor Protection Index Region
4.8
Investor Protection Index OECD
5.8
DISCLAIMER
This document is forwarded to the client in strict confidence for the use by the client. This document is based on
information obtained by us from sources believed to be true but not controlled by the provider; therefore we do not
make any representation as to its accuracy. Any advice or recommendation in this document has been given without
regard to the specific investment objectives, financial situation and the particular needs of any specific client. This
document is for the information of the client only and is not to be reproduced in whole or in parts in any form or manner
whatsoever. The provider accepts no liability whatsoever for any direct or consequential loss arising from any use of this
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