Air Arabia PJSC
Ticker/ISIN
AIRARABIA
AEA003001012
Market/Country
Dubai Financial Market
United Arab Emirates
About Air Arabia PJSC
Latest Pressrelease Summaries from Air Arabia PJSC
The Air Arabia Annual General Meeting (AGM) was held today at 3:00 PM as previously announced. During the meeting, the AGM approved a cash dividend distribution of 25% of the capital, equivalent to 25 Fils per share.
The Board of Directors of Air Arabia Company (PJSC) invites shareholders to attend the Annual General Assembly Meeting, which will be held both virtually and physically at the company's head office beside Sharjah International Airport, on Monday, March 17, 2025, at 3:00 pm. The agenda includes: reviewing and approving the Board of Directors' and Auditor's reports for the fiscal year ending December 31, 2024; discussing and approving the company's balance sheet and profit & loss account for the same period; considering a proposal for a 25% cash dividend distribution; approving the Board of Directors' remuneration; discharging the Board and auditors from liabilities for the fiscal year ending December 31, 2024; and appointing auditors for the fiscal year 2025 and determining their fees.
Air Arabia announced a record pre-tax profit of AED 1.6 billion for the year ending December 31, 2024, a 4% increase from the previous year. The airline's revenue grew by 11% to AED 6.63 billion, and passenger numbers rose by 12% to 18.8 million. The fourth quarter saw a net profit increase of 56% to AED 351 million, with quarterly revenue exceeding AED 1.65 billion. The Board of Directors proposed a cash dividend of 25 fils per share. In 2024, Air Arabia expanded its network by adding 31 new routes, leading to a 13% increase in operational capacity and a 2% rise in seat load factor to 82%.
On February 13, 2025, the Board of Directors of Air Arabia held a meeting at 3:00 PM. During the meeting, they approved the financial results for 2024, coordinated with the relevant authority to call for an Annual General Meeting (AGM), and proposed a cash dividend distribution of 25% of the capital, equivalent to 25 Fils per share.
Air Arabia has announced that its board of directors meeting has been rescheduled to Thursday, February 13, 2025, at 3:00 PM. During this meeting, the board will discuss the financial statements for the year 2024.
Air Arabia has announced that a board of directors meeting will be held on Friday, February 14, 2025, at 1:30 PM. The meeting will focus on discussing the financial statements for the year 2024.
The Air Arabia Board of Directors held a meeting on Monday, January 13, 2025, at 3:00 PM, as previously disclosed. During the meeting, the board approved the proposed budget for 2025.
The Air Arabia Board of Directors held a meeting on Monday, January 13, 2025, at 3:00 PM, as previously announced. During this meeting, the board approved the proposed budget for 2025.
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DFM News
News Update From Air Arabia PJSC
Disclosure: Financial statements for the 1st QTR of 2023
DFM News
News Update From Air Arabia PJSC
Disclosure: Results of BOD meeting
DFM News
News Update From Air Arabia PJSC
Disclosure: BOD meeting
DFM News
News Update From Air Arabia PJSC
Disclosure: Resolutions of General Assembly
DFM News
News Update From Air Arabia PJSC
Disclosure: Resolutions of General Assembly
The Annual General Meeting (AGM) of Air Arabia PJSC was held, where the proposal to distribute 15% of capital as cash dividends was approved. The board of directors was also elected for the next three years. The details of the resolutions are provided below. The message was conveyed by Abdelrahman Bin Taliah, the Director of Corporate & Government Affairs to Dr. Maryam Al Suwaidi, CEO of ESCA, and Mr. Hamed Ahmed Ali, CEO of DFM.
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