(MENAFN) Air Arabia shareholders had approved the distribution of 9 percent cash dividend for 2015 financial year, which reflects another year of growth and strong success.
Moreover, the Board of Directors was also cleared from liability for the fiscal year ending Dec 31, 2015, while auditors for the next year were appointed.
However, despite concerns in the global economy and continued stress on yields in the aviation industry, Air Arabia maintains well positioned for growth in 2016.
The Co. reported a net profit of USD 144.53mn while turnover touched USD 1.03bn last year with passenger numbers growing by 12 percent.
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