Dubai – Mubasher: Air Arabia has announced to the Dubai Financial Market (DFM) that its Board of Directors will meet on Thursday, February 12, 2015 after trading hours to discuss and approve the Company’s financials for fiscal year ended December 31, 2014, added to the ordinary general meeting’s recommendations.

Analysts have told Mubasher that they expect annual profits for the UAE carrier to reach AED 600 million against AED 420.74 million in 2013. Moreover, they expect the Company to distribute a cash dividend of 10% for the year against 7.25% the year before.

Air Arabia had reported a net profit of AED 498.38 million ($135.7 million) during the first nine months of 2014 compared to AED 340.67 million ($92.75 million) during the same period in 2013.

The airline’s capital amounts to AED 4.67 billion divided on 4.67 billion shares at par value AED 1 per share.