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MarketScreener Homepage  >  Equities  >  DUBAI FINANCIAL MARKET  >  Emaar Properties PJSC    EMAAR   AEE000301011

EMAAR PROPERTIES PJSC

(EMAAR)
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Emaar Properties : Dubai's DAE buys back 4% stake held by Emaar Properties

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06/27/2019 | 10:55am EST

The transaction likely to have no impact on DAE's capital adequacy ratios

EmaarEMAAR

0.00% 4.42 0.00

Dubai - Mubasher: Dubai Aerospace Enterprise (DAE) Ltd., a global leading aircraft leasing company, on Thursday said it has repurchased the 4% of its common shares owned by the leading real estate developer Emaar Properties.

Accordingly, DAE is currently 100% directly and indirectly owned by the state-owned holding company Investment Corporation of Dubai (ICD), according to a press release.

The Dubai-based aerospace firm expected the transaction to have no impact on its capital adequacy ratios.

Khalifa H. AlDaboos, deputy CEO of ICD, said: “Emaar was part of the initial investor group along with ICD when DAE was incorporated in 2006. We value the support they have provided over the years to grow DAE into the strong market leader it is today.”

In turn, Firoz Tarapore, CEO of DAE, commented: “DAE’s capital position has gone from strength to strength over the years and we are delighted to be able to complete this transaction in the second quarter without any impact on our capital adequacy and liquidity metrics.”

Source: Mubasher

(c) All Rights Reserved - Mubasher Info 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (AED)
Sales 2020 24 901 M
EBIT 2020 7 952 M
Net income 2020 6 286 M
Debt 2020 15 257 M
Yield 2020 4,54%
P/E ratio 2020 3,98x
P/E ratio 2021 3,82x
EV / Sales2020 1,62x
EV / Sales2021 1,32x
Capitalization 25 059 M
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 11
Average target price 6,07  AED
Last Close Price 3,50  AED
Spread / Highest target 113%
Spread / Average Target 73,4%
Spread / Lowest Target 42,9%
EPS Revisions
Managers
NameTitle
Amit Jain Group Chief Executive Officer
Mohammed bin Ali Rashed Al-Abbar Chairman
Avinash Pangarkar Group Chief Financial Officer
Ahmed bin Jamal bin Hassan Jawa Independent Non-Executive Director
Ahmad Thani Rashed Al Matrooshi Director & Managing Director