Research

February 10, 2009

Market & Company News

Stock Symbol

FoodCo Holding

Date

9/2/2009

Event

BOD meeting

Comment

BOD discussed the following:
- The drafted Financial Statements for the year ends 31/12/2008.
- Postponed the proposal of distributing profit as well as the date AGM until publishing the audited Financial Results

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Stock Symbol

TAQA

Date

9/2/2009

Event

The company purchased an additional USD 71.4 million par value of its 6.5% bonds due 27/10/2036 (the Bonds).

Comment

The repurchased securities will be cancelled

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Stock Symbol

PalTel

Date

9/2/2009

Event

BOD meeting

Comment

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

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Stock Symbol

Sharjah Islamic Bank

Date

9/2/2009

Event

The Bank announce its AGM agenda

Comment

The agenda includes:
- BOD activity report for 2008.
- Discussing the Financial Results for the year ends 31/12/2008.

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Stock Symbol

Oman & Emirates Investment Holding Company

Date

9/2/2009

Event

The company announced the resignation of the CEO on 31/12/2008

Comment

-

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Stock Symbol

First Gulf Bank

Date

9/2/2009

Event

Buy Back Shares

Comment

The Bank bought 740,995 shares @ 8 Dhs per share.

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Stock Symbol

Al Buhaira National Insurance

Date

10/2/2009

Event

The company declared its end of year 2008 Financial Results recording AED 50.2 million as a net profit compared with AED 160.7 in 2007

Comment

-

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Stock Symbol

Rak Properties

Date

12/2/2009

Event

BOD meeting

Comment

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

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Stock Symbol

Emirates NBD

Date

12/2/2009

Event

BOD meeting

Comment

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

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Stock Symbol

ARTC

Date

10/2/2009

Event

The company recorded AED group profit of AED 945 million for the year ends 31/12/2008 compared to AED 535 million for the same period in 2007

Comment

-

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Stock Symbol

ARTC

Date

28/3/2009

Event

AGM

Comment

The agenda includes:
- Discussing the Financial Statements for the year ends 31/12/2008.

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Stock Symbol

Al Sagr National Insurance

Date

9/2/2009

Event

The company announced its 2008 results achieving AED 59.3 million as a net profit compared with AED 121..2 million on 2007

Comment

-

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Stock Symbol

Gulf Nav

Date

5/3/2009

Event

AGM

Comment

The agenda includes:
- Discussing the Financial Statements for the year ends 31/12/2008.
- Discussing BOD activity report.
- Approving distribution cash dividend of 3% of share capital of the company for the second half of 2008.

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Stock Symbol

Dubai Insurance

Date

4/3/2009

Event

AGM

Comment

The agenda includes:
- Approving the Financial Statements for the year ends 31/12/2008.
- The shareholder as of 3/3/2009 has the voting right in the AGM.
- BOD proposal to dist/ribute30% cash dividend for those shareholders registered on 15/3/2009 in the company registry book. Means last date for entitlement on 11/3/2009.

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Stock Symbol

Pal Tel

Date

5/3/2009

Event

AGM & EGM

Comment

BOD will discuss the percentage of the dividend for 2008.

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Stock Symbol

Sharjah Cement & Industrial Development

Date

16/2/2009

Event

BOD meeting

Comment

BOD will discuss the following:
- The Financial Results for 2008

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