Air Arabia’s shareholders OK AED 467m dividends

Air Arabia’s shareholders OK AED 467m dividends
The approved dividends account for 10% of the carrier’s capital
Air Arabia
AIRARABIA
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Dubai – Mubasher: Air Arabia’s ordinary general meeting (OGM) approved the distribution of AED 467 million in cash dividends, according to a bourse statement released on Tuesday.

The approved dividends account for 10% of the carrier’s capital, the Dubai-listed company revealed.

Air Arabia reported a 30% growth in net profit during 2017, recording AED 630.3 million, its biggest profit in five years, compared to AED 490.4 million in 2016.