At the company’s Annual General Meeting (AGM), Air Arabia shareholders approved the distribution of a 25% cash dividend for the fiscal year ending December 31, 2024. The award-winning low-cost carrier has demonstrated good financial success for another year, with the dividend equaling 25 fils per share.
The decision from the Board of Directors comes after the airline’s strong fiscal year, which ended on December 31, 2024. It posted a record net profit before tax of Dhs1.6 billion, a 4% rise over 2023. During the AGM, the assembly approved Air Arabia’s balance sheet, profit and loss accounts, and auditors’ report for the year ending December 31, 2024.
Additionally, the company’s auditors and board of directors were released from obligation for the fiscal year that ended on December 31, 2024, and auditors for the following fiscal year were hired with set compensation.
The Air Arabia Group maintained exponential growth in 2024, driven by increased operating capacity, new route launches, and continued network expansion,” stated Sheikh Abdullah Bin Mohammed Al Thani, Chairman of Air Arabia, despite geopolitical concerns and economic difficulties. This outstanding year demonstrates our dedication to providing a travel experience that is value-driven, expanding our global presence, and upholding operational quality.
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