Air Arabia’s stock rises on dividends

Mubasher: Air Arabia’s stock saw an upward trend after the firm’s shareholders approved cash dividends for 2015.

The stock gained 0.7% or AED 0.75 to reach AED 1.35 by 12:00pm UAE time.

It helped the transportation sector increase 0.8%

Shareholders approved the payment of 9% cash dividends or 9 fils per share for 2015. 

Mubasher Contribution Time: 14-Mar-2016 08:10 (GMT)