Aviation Air Arabia declares 25% dividend as revenue soars By Pramod Kumar March 18, 2025, 10:18 AM Air Arabia Air Arabia reported a net profit before tax of AED1.6bn in 2024, up 4 percent from AED1.5bn a year ago UAE low-cost airline Air Arabia has increased its dividend payout after turnover grew by double-digits in 2024, the company said in a statement. Based in Sharjah and traded on the Dubai Financial Market (DFM), Air Arabia will pay a 25 percent cash dividend or AED1.2 billion to shareholders. The company’s shares have risen 11 percent in the year to date to trade at AED3.43 on Monday, according to DFM data. The company’s annual general meeting approved the dividend payout on Monday. In 2023, the airline paid 20 percent cash dividend, or 20 fils per share. The airline reported a net profit before tax of AED1.6 billion in 2024, up 4 percent from AED1.5 billion a year ago. Revenues jumped 11 percent year on year to AED6.6 billion last year. Regional tensions fail to dampen Air Arabia’s ascent UAE begins mapping corridors for air taxis and cargo drones Emirates to spend $5bn on refitting 220 aircraft Sheikh Abdullah Bin Mohammed Al Thani, chairman of Air Arabia, said the growth came despite geopolitical tensions and economic challenges. Air Arabia added 31 new routes to its global network last year from its six operating hubs in the UAE, Morocco, Egypt, and Pakistan. The carrier took delivery of 10 new aircraft to operate a fleet of 81 Airbus A320 and A321 aircraft on more than 220 routes across the Middle East, Africa, Asia, and Europe. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
