Air Arabia set to distribute 15% cash dividends for 2022
Sharjah-based budget carrier Air Arabia has announced that it has won approval from its shareholders at the company’s Annual General Meeting for the distribution of 15% cash dividend for the financial year ending December 31, 2022. The dividend, which is equivalent to 15 fils per share, reflects another year of record financial performance for the award-winning low-cost carrier. The board of directors’ recommendation follows the airline’s robust financial performance in the year ending December 31, 2022, where Air Arabia reported a record net profit of AED1.2b ($327m), up 70% over the year before.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2023-03-15/unaligned/air-arabia-set-to-distribute-15-cash-dividends-for-2022
https://portal.staralliance.com/cms/logo.png
Air Arabia set to distribute 15% cash dividends for 2022
Sharjah-based budget carrier Air Arabia has announced that it has won approval from its shareholders at the company’s Annual General Meeting for the distribution of 15% cash dividend for the financial year ending December 31, 2022. The dividend, which is equivalent to 15 fils per share, reflects another year of record financial performance for the award-winning low-cost carrier. The board of directors’ recommendation follows the airline’s robust financial performance in the year ending December 31, 2022, where Air Arabia reported a record net profit of AED1.2b ($327m), up 70% over the year before.<br/>
