Air Arabia’s shareholders have endorsed a 25 percent cash dividend distribution for the fiscal year ending 31 December 2024, during the company’s Annual General Meeting (AGM).
This dividend, amounting to 25 fils per share, highlights another successful year for the award-winning budget airline known for its solid financial performance.
The Board of Directors recommended the dividend following the airline’s impressive financial results for the year ending 31 December 2024. Air Arabia recorded a record net profit before tax of AED1.6 billion, reflecting a 4 percent growth compared to 2023.
At the AGM, shareholders approved the auditor’s report, balance sheet, and profit and loss accounts for the year ending 31 December 2024.
Sheikh Abdullah Bin Mohammed Al Thani, Chairman of Air Arabia, stated, “Despite geopolitical tensions and economic challenges, Air Arabia Group sustained exponential growth in 2024, driven by increased operating capacity, new route launches, and continued network expansion. This exceptional year underscores our commitment to delivering a value-driven travel experience, strengthening our global footprint, and maintaining operational excellence. Our financial and operational performance reaffirms the strength of our business model, strategic vision, and the dedication of our team.”
Throughout 2024, Air Arabia expanded its global network by adding 31 new routes from its six operational hubs in the UAE, Morocco, Egypt, and Pakistan. The airline also took delivery of 10 new aircraft, ending the year with a fleet of 81 Airbus A320 and A321 aircraft serving over 220 routes across the Middle East, Africa, Asia, and Europe.
