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18/03/2025 04:45 AST
Air Arabia shareholders have approved the distribution of 25 per cent cash dividend for the financial year ending December 31, 2024 at the company's annual general meeting (AGM). The dividend, which is equivalent to 25 fils per share, marks another year of strong financial performance for the award-winning low-cost carrier.
The board's recommendation follows the airline's robust financial performance in the year ending December 31, 2024, where Air Arabia reported a record net profit before tax of Dh1.6 billion, marking a four per cent increase compared to 2023.
Sheikh Abdullah Bin Mohammed Al Thani, Chairman of Air Arabia, said: "Despite geopolitical tensions and economic challenges, Air Arabia Group sustained exponential growth in 2024, driven by increased operating capacity, new route launches, and continued network expansion. This exceptional year underscores our commitment to delivering a value-driven travel experience, strengthening our global footprint, and maintaining operational excellence. Our financial and operational performance reaffirms the strength of our business model, strategic vision, and the dedication of our team."
In 2024, Air Arabia added 31 new routes to its global network from its six operating hubs in the UAE, Morocco, Egypt, and Pakistan. The carrier took delivery of 10 new aircraft and ended the year with a fleet of 81 Airbus A320 and A321 aircraft operating to over 220 routes across the Middle East, Africa, Asia, and Europe.
Khaleej Times
14/05/2025
Air Arabia, the first and largest low-cost carrier (LCC) operator in the Middle East and North Africa, has reported a strong first quarter of 2025 financial and operational results, as the airline co
Trade Arabia
20/03/2018
Air Arabia Egypt said on Monday it will launch direct flights between the Egyptian city of Sohag and Jeddah in Saudi Arabia from March 20, 2018. The airline, which is based in Sharjah but with four o
Gulf News
14/03/2018
Air Arabia's shareholders on Tuesday approved the distribution of a 10 per cent cash dividend for the 2017 financial year during the company's annual general meeting.
The dividend, which is
Gulf News
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| PAPER | 175.00 | -7.00 (-3.85 |
| ALPHADHABI | 11.44 | 0.26 (2.32 |
| ADNOCLS | 4.69 | 0.00 (0.00 |
| SALIK | 5.79 | 0.06 (1.04 |
| NMDC | 24.44 | -0.56 (-2.24 |
16/05/2025
Abu Dhabi National Energy Company (TAQA), one of the largest listed integrated utilities companies in Europe, the Middle East and Africa, has delivered a 3.8% year-on-year revenue growth, reaching AE
Trade Arabia
16/05/2025
Abraj Energy Services has signed a contract with BP Oman to provide a drilling rig for operations in Block 61, with the rig expected to become operational in the fourth quarter of 2025.
The
Muscat Daily
16/05/2025
Commercial Bank, a leader in innovative digital banking solutions, has unveiled its all-new Corporate Mobile Banking App, setting a new standard for business banking in the region.
This stat
Gulf Times
16/05/2025
Emirates NBD is rolling out a new AI-driven solution to strengthen its compliance checks on payments and trade transactions, as part of a wider effort to improve safety, speed, and transparency in fi
Gulfnews
16/05/2025
In line with its leading and responsible role in the banking industry, National Bank of Kuwait continues to advance confidently towards building a sustainable future by implementing its environmental
Kuwait Times
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