Dubai-Mubasher: Shareholders of UAE’s low-cost carrier Air Arabia approved on Sunday the payment of 9% cash dividends for 2015, according to a bourse filing.
Total dividends payout stands at AED 420 million, equivalent to 9 fils per share.
Shareholders also approved on Sunday amendments to the airline’s articles of association in line with the new commercial law.
“With innovation and operational efficiency at the heart of our business, Air Arabia remains well positioned for growth in 2016,” said the airline’s Chairman Sheikh Abdullah Bin Mohammad Al Thani.
