Research

July 7, 2008

Market & Company News

Stock Symbol

DIFX to Offer Dubai and Abu Dhabi Derivatives on New Platform

Date

7/7/2008

Event

The Dubai International Financial Exchange, or DIFX, plans to offer futures and options based on stocks listed on the Dubai Financial Market, the Abu Dhabi Securities Exchange, and its own exchange later this year.

Comment

Ref. (Bloomberg)

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Stock Symbol

GGICO

Date

7/7/2008

Event

The company announces the 1st half 2008 results with the net profit of DHs 505 million and growth of 94% compared to DHs 260 million for the same period last year

Comment

-

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Stock Symbol

Al Salam Bank (Bahrain)

Date

7/7/2008

Event

Al Salam Bank reports half yearly net profit US$ 40.5 Million

Comment

-

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Stock Symbol

SHOP

Date

7/7/2008

Event

The company reminds its shareholders for the 21% Capital Increase through public offering for the shareholders as of 29/6/2008

Comment

The offering started on 6/7/2008 to 5/8/2008 the leading Bank is NBK. Stock price is 100 fils plus 300 fils premium

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Stock Symbol

AMLAK

Date

7/7/2008

Event

The company announced its preliminary financial results for the half year of 2008 achieving a profit of AED 269 Million, and increase of 155% compared to AED 106 Million in the half year of 2007

Comment

-

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Stock Symbol

TAQA

Date

7/7/2008

Event

The company reminds the shareholders who receive the invitation to subscribe for the Convertible Bond Offer that starts on 6/7/2008 till 15/7/2008

Comment

-

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Stock Symbol

ALDAR

Date

7/7/2008

Event

EGM

Comment

EGM approved

The conversion of the Sukuk into 18,193,543 shares before the end of 15/7/2008 as follows

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Stock Symbol

Mubadala, Waha Capital and Fullerton

Date

7/7/2008

Event

Mubadala Development Company, Waha Capital A.A. Al Moosa Enterprises & Fullerton Financial Holding announced today that they have signed an agreement to incorporate a new Financial Company headquarter in Abu Dhabi to called Dunia Finance L.L.C

Comment

-

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