At its Annual General Meeting (AGM) in Sharjah, Air Arabia shareholders have approved the distribution of a nine per cent cash dividend for the 2015 financial year. The dividend is being paid on the bank of another year of healthy growth and strong profitability for airline.
“Following another year of solid growth and achievement, Air Arabia is delighted to return profit to our shareholders in the form of a healthy nine per cent cash dividend,” said Sheikh Abdullah Bin Mohammad Al Thani, chairman of Air Arabia. “Despite ongoing concerns in the global economy and continued pressure on yields in the aviation industry, with innovation and operational efficiency at the heart of our business, Air Arabia remains well positioned for growth in 2016.”
Air Arabia reported a net profit of Dh531 million ($144.5 million) for the full year 2015, with revenue up to Dh3.8 billion ($1 million) in 2015. Passenger numbers during the year increased by 12% to over 7.6 million.