Research

January 29, 2009

Market & Company News

Stock Symbol

Agility

Date

28/1/2009

Event

The company has signed an agreement to acquire 100% of Vantaa based OY O, NYSTROM & CO. AB it is the leading provider of airfreight services in Finland

Comment

-

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Stock Symbol

Gulf Finance House

Date

28/1/2009

Event

BOD met today and approve the Financial Statements for the year ends 31/12/2008 posting US$ 291.8 million compared with US$ 343.5 on 2007

Comment

-

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Stock Symbol

Dubai Insurance & Reinsurance

Date

28/1/2009

Event

BOD met on 28/1/2009 and approved 2008 Financial Results achieving AED 43.6 as net profit.

Comment

-

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Stock Symbol

Global

Date

3/2/2009

Event

BOD meeting

Comment

To discuss the Financial Results for 2008

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Stock Symbol

Sorouh

Date

28/1/2009

Event

The company achieved AED 1,784 as a net profit for the year ends 2008.

Comment

-

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Stock Symbol

QTel

Date

12/2/2009

Event

BOD will announce the Financial Results for the year ends 31/12/2008.

Comment

-

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Stock Symbol

ALDAR

Date

28/1/2009

Event

The company announced 2008 full year financial results, and reported net income AED 3,446.7 million compared to AED 1,941.3 million in 2007.

Comment

-

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Stock Symbol

Agthia

Date

29/1/2009

Event

The company declared it end of year financial results posting AED 72.5 million as a net profit compared with AED 38.1 in 2007.

Comment

-

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Stock Symbol

Arab Orient Insurance company

Date

3/2/2009

Event

BOD meeting

Comment

BOD will discuss the following:
- The financial results for the year end 31/12/2008.
- BOD proposal to distribute profit.
- Increase capital by issuing bonus shares.

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Stock Symbol

Al Salam Bahrain

Date

22/2/2009

Event

AGM invitation

Comment

BOD in the AGM will approve the following:
- The Financial Statements for 31/12/2008
- The distribution of cash dividend of 10% of paid-up Capital

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