Abu Dhabi Aviation (ADA) was formed in 1976 as a joint venture agreement between the emirate of Abu Dhabi (80%) and a foreign company (20%) with start-up capital of Dh2 million. At the time, the company operated only two aircraft. As part of His Highness Sheikh Zayed Bin Sultan Al-Nahyan’s policy of encouraging national companies and investment within the country, the transfer of the company to full public status was effected on 16 May 1982, providing for the establishment of a National Joint Stock Company with paid-up capital of Dh. 60,000,000. The government retained 30% of the capital in order to give continued support to the company.
Between 1996 and 2005, the company issued bonus shares and as a result the paid capital increased to Dh292, 032, 000. A right issue of shares was also approved and on completion of the right issue, capital was increased to Dh404, 352,000.
ADA also has equity in two other aviation companies – Royal Jet (50%) and Maximus Air (100%).
The Securities and Commodities Authority (SCA) would like to inform you that the Authority has published a book entitled Investor Rights Rights Guide on its website to be a guide for investors’ rights to enable them to know their rights clearly.