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Air Arabia BoD proposes 10 per cent cash dividend

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Following a meeting today of the Board of Directors of Air Arabia (PJSC), the Middle East and North Africa’s first and largest low-cost carrier, the company announced that the Board has proposed a cash dividend of 10 per cent for 2009. This proposal is subject to ratification at the company’s upcoming Annual General Meeting, which will be held on March 18, 2010, in Sharjah, UAE.

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