Research

January 21, 2009

Market & Company News

Stock Symbol

SOROUH

Date

28/1/2009

Event

BOD will meet on 28/1/2009

Comment

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

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Stock Symbol

TAQA

Date

20/1/2009

Event

The company informed ADX that it has purchased US$ 364 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

First Gulf Bank

Date

21/1/2009

Event

Buyback

Comment

The Company bought 844,717 of its shares @ 7.40 DHS

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Stock Symbol

METHAQ

Date

21/1/2009

Event

The company declared its Financial Results for period from 11/3/2008 to 31/12/2008 achieving 11.08 million dirham as a net profit

Comment

-

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Stock Symbol

Ras Al Khaimah Cement

Date

24/1/2009

Event

BOD will meet on 24/1/2009

Comment

BOD will discuss:
- The Financial Statements for the year ends 31/12/2008.
- The proposal to distribute profit

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Stock Symbol

Gulf Finance House

Date

28/1/2009

Event

BOD will meet on 28/1/2009 to discuss the financial results for the year ends 31/12/2008

Comment

-

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Stock Symbol

EMAAR

Date

21/1/2009

Event

The company announced the setting up of a US$2 billion Euro Medium Terms Note programmed and a simultaneous Sharia-compliant US$ 2 billion Sukuk Programmed already listed on the London Stock Exchange.

Comment

-

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Stock Symbol

DEYAAR

Date

21/1/2009

Event

BOD will meet on 21/1/2009 at 5:00 pm

Comment

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

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Stock Symbol

SHUAA

Date

20/1/2009

Event

EGM

Comment

The EGM postponed as a results of lack of quorum

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Stock Symbol

Al Ain National Insurance

Date

20/1/2009

Event

AGM

Comment

The company AGM will be held on 16/2/2009 to discuss the proposal to distribute 100% as cash dividend for those clients registered in the company records on 26/2/2009

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Stock Symbol

Al Sagr National Insurance Co.

Date

20/1/2009

Event

BOD met on 20/1/2009

Comment

BOD will discuss:
- The preliminary Financial Statements for the ear ends 31/12/2008.
- The proposal of distributing 15% Bonus Shares

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