Research

February 4, 2009

Market & Company News

Stock Symbol

Dubai Insurance & Reinsurance Co.

Date

11/2/2009

Event

BOD meeting

Comment

BOD will discuss the following:
- The proposal of distributing profit.
- Decide the date of the EGM to approve the new corporate governance rules

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Stock Symbol

Sharjah Islamic Bank

Date

4/2/2009

Event

BOD meeting

Comment

BOD will discuss the following:
- The Financial Statements for the year ends 31/12/2008
- The proposal of distributing profit.

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Stock Symbol

Takaful Emirates

Date

4/2/2009

Event

The company recorded AED 1.9 million as a net profit for the Financial year ends 31/12/2008

Comment

-

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Stock Symbol

PAL TEL

Date

9/2/2009

Event

BOD meeting

Comment

-

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Stock Symbol

Al Buhaira National Insurance

Date

9/2/2009

Event

BOD meeting

Comment

BOD will discuss the following:
- The Financial Statements for the year ends 31/12/2008
- Decide the date of the AGM

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Stock Symbol

Julphar

Date

12/2/2009

Event

BOD meeting

Comment

BOD will discuss the following:
- The Financial Statements for the fourth quarter for 2008
- Decide the date of the AGM

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Stock Symbol

First Gulf Bank

Date

2/2/2009

Event

Buy Back Shares

Comment

The Bank bought 500,000 shares @ 7.65 DHS.

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Stock Symbol

First Gulf Bank

Date

25/2/2009

Event

AGM & EGM

Comment

AGM will discuss the following:
- The Financial Statements for the year ends 31/12/2008
- BOD proposal to distribute 35% as cash dividend.

EGM will discuss:
- Change ownership percentage to be 15% instead of 30%
- Issuing non-convertible bonds

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Stock Symbol

RAK-Bank

Date

8/2/2009

Event

BOD meeting

Comment

BOD will discuss the following:
- The Financial Statements for the year ends 2008
- Decide the date of the AGM
- The proposal of distributing profit.

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Stock Symbol

ALDAR

Date

4/3/2009

Event

AGM

Comment

-

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Stock Symbol

TAQA

Date

11/2/2009

Event

The company will release its Preliminary results for 2008

Comment

-

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Stock Symbol

Al Wathba National Insurance

Date

8/2/2009

Event

BOD meeting

Comment

BOD will discuss the following:
- The Financial Statements for the year ends 2008
- Decide the date of the AGM
- The proposal of distributing profit.

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Stock Symbol

Gulf Finance House

Date

18/2/2009

Event

AGM & EGM

Comment

AGM will discuss the following:
- The Financial Statements for the year ends 31/12/2008
- BOD proposal to distribute 20% as cash dividend & 20% as bonus shares..

EGM will discuss:
- Change ownership percentage to be 15% instead of 30%
- Issuing non-convertible bond

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