EPS figures calculated from Net Profit / 15,000,000 shares outstanding. As the company did not make a profit in Q4, PE calculation is not very useful. However, 2008 PE estimate based on FY earnings is about 10.2 which looks expensive for a non-Islamic insurance company, especially after prices in other stocks have plummeted recently to PEs of low single figures. Al Ain Ahlia Insurance shares rarely trade though.
ADX 27 January 2009 (during trading):
(AAAIC) Invitation to attend ALAIN AGM
(AAAIC) Al-Ain Ahlia Insurance Company announces preliminary annual financial results for 2008
Disclosures released during trading hours. AGM Meeting agenda not supplied in English, I think it says AGM date is 16 February 2009 and proposed bonus share issue of AED 30m worth which works out to 20% share dividend. I saw another figure of 100% which I thought referred to a share dividend but maybe not . If anyone could confirm or correct those figures, that would be appreciated .
Al Ain Ahlia Insurance released complete financial statements and Board of Director's report today. Several figures restated to summary reports have been updated. The accounts say proposed cash dividend of AED 10 per share (100%) but there is no mention of the 20% cash dividend as far as I can tell. I may have misread something in the Statement of Changes in Equity. Updated summary below, with previous dividends.
AAAIC 2008 Q4 loss Dh38m -131%, FY 140m -31% 27 Jan 2009
PE (annualised) 3.6 3.3 8.4 10.2 21%
Price to Book Value (PBV) 1.5 1.3 1.3 -18% -2.3% 1.5 1.3 -18%
Profit Margin (ROS) 70% -21% -130% 33% 21% -37%
Return on Assets (ROA) 27% 23% -6.9% -130% -130% 11% 6.6% -42%
Return on Equity (ROE) 43% 39% -13% -130% -130% 18% 12% -32%
PE, ROA, and ROE are annualised figures. AAAIC 4th quarter data not supplied so Q4 figures calculated from FY and M9 data but are not confirmed. AGM date is 16 February 2009. AAAIC dividend payments are:
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. If anyone could confirm or correct those figures, that would be appreciated 
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