Research

July 17, 2008

Market & Company News

Stock Symbol

Etisalat

Date

17/7/2008

Event

BOD met on 16/7/2008 and reviewed the company the financial results which recorded AED 5.117 billion for the first half of 2008

Comment

BOD declared an interim dividend at the rate of 25 fils per share to be paid to the shareholders register on the close of 27/7/2008 . The distribution will commence from 3rd August, 2008

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Stock Symbol

United Arab Bank

Date

17/7/2008

Event

The bank declared its six months performance for the year 2008 recording AED 120.97 million as a net profit

Comment

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Stock Symbol

Gulf Medical Projects

Date

17/7/2008

Event

The company declared its second quarter performance for 2008 recording AED 46.9 million as profit

Comment

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Stock Symbol

Oman Insurance

Date

17/7/2008

Event

The company press release on 16/7/2008. A.M best company has assigned a financial strength rating of "Excellent" and an insurer Credit Rating of "A" to Oman Insurance Company OIC

Comment

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Stock Symbol

Emirates Islamic Bank

Date

17/7/2008

Event

The Bank announce its semi annual financial results for 2008 recording a net profit of 320 million

Comment

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