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Air Arabia board proposes 7% dividends for 2016

Air Arabia board proposes 7% dividends for 2016
The company’s capital amounts to AED 4.67 billion (Photo Credit: Facebook)
Air Arabia
AIRARABIA
1.70% 4.78 0.08

Dubai – Mubasher: Air Arabia said its board recommended 7% cash dividends or 7 fils per share for the fiscal year 2016, according to a bourse statement.

Total proposed dividends totalled AED 327 million for FY16.

The company’s capital amounts to AED 4.67 billion, distributed on 4.67 billion shares at AED 1 per share.