Dubai – Mubasher: Dubai-listed Air Arabia’s ordinary general meeting (OGM) will discuss the distribution of cash dividends of 7 fils per share to shareholders for the fiscal year 2016 on 5 March 2017.
The dividend distribution represents 7% of capital, according to a bourse filing on Thursday.
Air Arabia’s capital amounts to AED 4.67 billion, distributed on 4.67 billion shares at par value of AED 1 per share.
The company posted a 4.1% decline in profits to AED 508.77 million from AED 530.59 million in 2015.
