Jazeera Airways declares 50% dividend for H2

The shareholders of Jazeera Airways have approved the Board of Directors’ recommendation to distribute cash dividends of 50% of its capital which is 50 fils per share, a total of KD11m ($35.8m) for H2 2022. This was announced at the Company’s Annual General Meeting (AGM) and Extraordinary General Meeting (EGM) held at its headquarters in Kuwait earlier today. For the first half of 2022, interim cash dividends of 30 fils per share were distributed bringing the total cash dividends distribution for full year 2022 to an unprecedented 80 fils per share. The EGM also approved an amendment to the Article of Association allowing the AGM to delegate the Board of Directors to declare and distribute interim dividends, which facilitates the process of dividend distribution. In February 2023, Jazeera Airways announced record profits of KD20.1m for the financial year 2022. In the last 10 years, Jazeera has returned a total of KD 107.6m in cash to shareholders, which is equivalent to five times its paid-up capital.<br/>