air arabia agm approves 9cash dividend
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Air Arabia AGM approves 9 % cash dividend

Egypt Today, egypt today

Egypt Today, egypt today Air Arabia AGM approves 9 % cash dividend

Air Arabia
Sharjah - WAM

Following the conclusion of its Annual General Meeting, the Board of Directors of Air Arabia has announced that the assembly has approved the distribution of a 9 percent cash dividend of the company’s share capital for the year 2015.

During the meeting, the General Assembly approved the auditor's report for the financial year ending on the 31st of December, 2015 and the general budget and accounts of profits and losses of the company for the same period.

The AGM also ratified agreement on discharging the Board of Directors' members and the auditors from liability for the financial year ended on December 31st, 2015. The assembly appointed auditors for the company for the year 2016 and set their fees. The meeting also saw the approval on an amendment to the founding contract of the company under the Federal Law No. 2 of 2015 concerning commercial companies.

Sheikh Abdullah bin Mohammed Al Thani, Chairman of Board of Directors, said that Air Arabia has achieved another year of growth and significant accomplishments and that the company is pleased that this success reflects on shareholders through the distribution of a dividend of 9 percent on them. Despite the current challenges in the global economy and continued pressure on profit margins in the aviation sector, Air Arabia, through its focus on the promotion of innovation and operational efficiency, has been able to maintain a privileged position allowing it to continue its strong growth in 2016.

In the financial year ended on December 31st, 2015, Air Arabia achieved a net profit of AED531 million, while the company's revenues reached AED 3.8 billion and the company carried more than 7.6 million passengers over the course of the year, representing a gain of 12 percent compared to the previous year, 2014.

In 2015, Air Arabia added 23 new destinations to its destination network and achieved a significant milestone as the top low cost carrier in the Middle East and North Africa Region.
Source:WAM

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

air arabia agm approves 9cash dividend air arabia agm approves 9cash dividend



GMT 06:29 2011 Monday ,14 November

Matthew cruises to win at Ochoa Invitational

GMT 03:34 2017 Wednesday ,22 March

Tillerson to skip NATO meeting next month

GMT 13:44 2013 Friday ,15 March

Israel suppress Palestinian demonstrations

GMT 16:15 2017 Monday ,01 May

Moroccan Workers’ Syndicate

GMT 11:56 2016 Wednesday ,12 October

Toyota, Suzuki eye partnership as industry consolidates

GMT 15:42 2011 Thursday ,23 June

Express checks in with foursquare

GMT 10:49 2017 Sunday ,13 August

Car rams into crowd at violent Virginia rally

GMT 17:45 2013 Sunday ,20 October

5 Indian spices that are good for your health

GMT 08:41 2012 Saturday ,15 September

Italian magazine: will print Kate topless snaps

GMT 08:02 2012 Tuesday ,05 June

Zoe Saldana in Prabal Gurung
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday