Air Arabia Announces Dividend Amid Strong Financials

Air Arabia, a leading low-cost airline in the Middle East, has announced its Annual General Assembly Meeting (AGM) to discuss its financial performance for the fiscal year ending December 31, 2024. The meeting, scheduled for March 17, 2025, will be held both virtually and physically at the company's headquarters near Sharjah International Airport.

The key agenda items include the approval of the Board of Directors' report on the company's activities and financial position, the auditor's report, and the company's balance sheet and profit and loss account for the fiscal year 2024. Notably, Air Arabia's Board of Directors has proposed a cash dividend distribution of 25% of the share capital, equivalent to 25 fils per share, amounting to AED 1,166,675,000. This proposal reflects the company's robust financial health and commitment to delivering shareholder value.

The AGM will also consider the approval of the Board of Directors' remuneration and the discharge of the Board and auditors from liabilities for the fiscal year 2024. Additionally, the appointment of external auditors for the fiscal year 2025 and the determination of their professional fees will be discussed.

Air Arabia's strong financial performance and dividend proposal underscore its resilience and strategic growth in the competitive aviation sector. The company's ability to maintain profitability and reward shareholders with a substantial dividend highlights its effective management and operational efficiency.

Given the positive financial outlook and strategic initiatives in place, investors might consider holding their shares in Air Arabia. The company's continued focus on expanding its network and enhancing operational efficiencies positions it well for future growth.