My Account Menu

CAPA Login


Register to trial CAPA Membership!

Air Arabia announces dividend payment

22-Mar-2011

Air Arabia's annual general meeting approved the proposal by the company's board for an 8% cash dividend. The carrier reported a 2010 net profit of AED309.6 million (USD80.2 million). Shares in Air Arabia were up 3.2% on Monday.

The only other major share movements for Middle East and North African listed carriers were Royal Jordanian, which lost 4.3%, and Lonrho, up 1.6%.

Selected MEAAD daily share price movements (% change): 21-Mar-2011


Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find out more and take a free trial.