Research

January 25, 2009

Market & Company News

Stock Symbol

DEYAAR

Date

21/1/2009

Event

BOD approved the Audited Financial Statements for the year ends 31/12/2008

Comment

-

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Stock Symbol

UPP

Date

22/1/2009

Event

BOD met on 22/1/2009 and approved

Comment

The issuance of up to AED 2.5 billion unconvertible bonds to be subscribed for by strategic investor and to authorized the BOD to determine the terms & conditions for issuing these bonds

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Stock Symbol

Al Salam Bank

Date

22/2/2009

Event

AGM

Comment

AGM agenda includes:
- Approve the financial Statements for the year ends 31/12/2008.
- To approve 10% cash dividend of paid - up capital

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Stock Symbol

Aramex

Date

22/1/2009

Event

The company announced its acquisition of Metrofile Middle East LLC, the document & records management company in UAE

Comment

-

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Stock Symbol

RAKCC

Date

24/1/2009

Event

BOD announce the company performance during 2008 achieving revenue for the year 2008 & profit of AED 80 million compared with AED 54.9 million earned in the year ended 31/12/2007

Comment

BOD propose 11% cash dividend be paid in respect of the year ended 31/12/2008

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