Air Arabia PJSC

Ticker/ISIN
AIRARABIA
AEA003001012
Market/Country
Dubai Financial Market
United Arab Emirates
Latest Stock Price
2.45 AED
2024-07-12

Year to date

-0.12 %

3 months

-0.07 %

6 months

-0.13 %

1 year

-0.08 %

3 years

0.00 %

5 years

0.00 %

Country of Origin: United Arab Emirates

Air Arabia P.J.S.C. (Air Arabia) – Sharjah (the “Company”) was incorporated on June 19, 2007 as a Public Joint Stock Company in accordance with UAE Federal Law No. 8 of 1984 (as amended). The Company operates in the United Arab Emirates under a trade license issued by the Economic Development Department of the Government of Sharjah and Air Operator's Certificate Number AC 2 issued by the General Civil Aviation Authority, United Arab Emirates. The “Group” comprises Air Arabia P.J.S.C. (Air Arabia) and its Subsidiaries.

The Company’s ordinary shares are listed on the Dubai Financial Market, United Arab Emirates.

The licensed activities of the Company and its subsidiaries (together referred to as the “Group”) are international commercial air transportation, aircraft trading, aircraft rental, aircraft rent, aircraft spare parts trading, travel and tourist agencies, hotels, hotel apartment rentals, airline companies representative office, passengers transport, cargo services, air cargo agents, documents transfer services, telecommunications devices trading, aviation training and aircraft repairs and maintenance

Latest Pressrelease Summaries

Air Arabia PJSC
Air Arabia has announced its Q1 2024 financial results, reporting a net profit of AED 266 million, which is 22% lower than the AED 342 million recorded in the same quarter of 2023. The airline's turnover increased by 8% to AED 1.54 billion, compared to the first quarter of the previous year. The number of passengers carried increased by 13% to 4.4 million, from 3.9 million in the first quarter of 2023. The seat load factor remained at 85%. Despite economic and geopolitical uncertainties, as well as fuel price volatility, the company remains committed to delivering value to its customers.
Air Arabia PJSC
On 13th May 2024, the Board of Directors of Air Arabia held a meeting at 3:00 pm. The meeting was previously announced and during the meeting, the board approved the financial statements for Q1 2024. The information was shared by Abdelrahman Bin Taliah, the Director of Corporate & Government Affairs.
Air Arabia PJSC
Air Arabia, the largest low-cost carrier in the Middle East and North Africa, has reported a net profit of AED 266 million for the first quarter of 2024, which is 22% lower than the AED 342 million earned in the same period in 2023. However, the airline's turnover increased by 8% to AED 1.54 billion, and the number of passengers carried rose by 13% to 4.4 million. Despite economic and geopolitical uncertainties, the company maintains a strong financial performance due to its commitment to operational excellence and value-driven products.
Air Arabia PJSC
The CEO of Air Arabia, Abdelrahman Bin Taliah, has announced that a Board of Directors meeting is scheduled for 13th May 2024 at 3:00 pm. The primary agenda for the meeting will be to discuss the financial results of Q1 2024. The information was shared with Dr. Maryam Al Suwaidi, CEO of the Emirates Securities and Commodities Authority (ESCA), and Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market (DFM).
Air Arabia PJSC
On March 15, 2024, Air Arabia held its Annual General Meeting (AGM) as previously announced. The AGM approved the following: the Board of Directors' report on the company's activities; the External Auditors' report; the Balance Sheet and the Profit and Loss Accounts; a 20% Cash Dividend Distribution, equating to 20 Fils per share; board remuneration; absolution of the board members and the External Auditor of responsibility for the year 2023; and the appointment of the external auditor for 2024 along with their fee. The meeting was communicated to Dr. Maryam Al Suwaidi, CEO of ESCA, and Mr. Hamed Ahmed Ali, CEO of DFM, by Abdelrahman Bin Taliah, Director of Corporate & Government Affairs.
Air Arabia PJSC
Air Arabia Company (Public Joint-Stock Company) is inviting shareholders to its Annual General Assembly Meeting (AGM) to be held both virtually and physically at their head office on Airport Road, next to Sharjah International Airport, at 11:00 am on Friday, 15/03/2024. The agenda includes the approval of the Board of Directors' report on the company's activities and its financial position for the fiscal year ended 31/12/2023, the Auditor’s Report for the same period, and the company's balance sheet and profit & loss account. The board is also proposing a cash dividend distribution of 20% of the share capital, equivalent to 20 fils per share. The meeting will also consider the approval of the directors’ remunerations, discharge the Board of Directors and Auditors from liabilities for the fiscal year ended on 31/12/2023, and appoint external auditors for the fiscal year 2024. Electronic registration, attendance, and voting will be available, with details sent via SMS to shareholders a day prior to the AGM.
Air Arabia PJSC
Air Arabia reported a record net profit of AED 1.5 billion in 2023, marking a 27% increase from the previous year. The airline's turnover also rose by 14% to AED 6 billion. The number of passengers carried by the airline increased by 31% to 16.7 million. The Board of Directors has proposed a cash dividend distribution of 20 fils per share, which is subject to approval at the Annual General Meeting.
Air Arabia PJSC
On 13th February 2024, the board of directors of Air Arabia held a meeting, as previously announced. During the meeting, the board approved the audited financial statements for the year 2023 and recommended a cash dividend distribution of 20% of the capital.

Threads

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BondSharesBond

BondSharesBond

Commented on FinDiesels Transaction regarding Air Arabia PJSC

A calculated move, FinDiesel. Air Arabia in Communication Services diversifies your portfolio beyond Financials, Industrials, and Materials. Here's to your next mission's success.
TomFlooz

TomFlooz

Commented on FinDiesels Transaction regarding Air Arabia PJSC

Nice move grabbing Air Arabia at 2.93 AED! Diversifying into airlines could be a strategic play. Curious to see how this fits with your Financials-heavy portfolio. Keep flying high! 🚀
Dubai Financial Market News

Dubai Financial Market News

News Update From Air Arabia PJSC

Disclosure: Press release regarding financial results for the first QTR of 2024

Air Arabia has announced its Q1 2024 financial results, reporting a net profit of AED 266 million, which is 22% lower than the AED 342 million recorded in the same quarter of 2023. The airline's turnover increased by 8% to AED 1.54 billion, compared to the first quarter of the previous year. The number of passengers carried increased by 13% to 4.4 million, from 3.9 million in the first quarter of 2023. The seat load factor remained at 85%. Despite economic and geopolitical uncertainties, as well as fuel price volatility, the company remains committed to delivering value to its customers.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Air Arabia PJSC

Disclosure: Result of BOD meeting

On 13th May 2024, the Board of Directors of Air Arabia held a meeting at 3:00 pm. The meeting was previously announced and during the meeting, the board approved the financial statements for Q1 2024. The information was shared by Abdelrahman Bin Taliah, the Director of Corporate & Government Affairs.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Air Arabia PJSC

Disclosure: Financial statements for the 1st QTR of 2024

Air Arabia, the largest low-cost carrier in the Middle East and North Africa, has reported a net profit of AED 266 million for the first quarter of 2024, which is 22% lower than the AED 342 million earned in the same period in 2023. However, the airline's turnover increased by 8% to AED 1.54 billion, and the number of passengers carried rose by 13% to 4.4 million. Despite economic and geopolitical uncertainties, the company maintains a strong financial performance due to its commitment to operational excellence and value-driven products.

1. Attached Document 2. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Air Arabia PJSC

Disclosure: Financial statements for the 1st QTR of 2024

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Air Arabia PJSC

Disclosure: BOD meeting

The CEO of Air Arabia, Abdelrahman Bin Taliah, has announced that a Board of Directors meeting is scheduled for 13th May 2024 at 3:00 pm. The primary agenda for the meeting will be to discuss the financial results of Q1 2024. The information was shared with Dr. Maryam Al Suwaidi, CEO of the Emirates Securities and Commodities Authority (ESCA), and Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market (DFM).

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Air Arabia PJSC

Disclosure: Resolutions of General Assembly

On March 15, 2024, Air Arabia held its Annual General Meeting (AGM) as previously announced. The AGM approved the following: the Board of Directors' report on the company's activities; the External Auditors' report; the Balance Sheet and the Profit and Loss Accounts; a 20% Cash Dividend Distribution, equating to 20 Fils per share; board remuneration; absolution of the board members and the External Auditor of responsibility for the year 2023; and the appointment of the external auditor for 2024 along with their fee. The meeting was communicated to Dr. Maryam Al Suwaidi, CEO of ESCA, and Mr. Hamed Ahmed Ali, CEO of DFM, by Abdelrahman Bin Taliah, Director of Corporate & Government Affairs.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Air Arabia PJSC

Disclosure: Integrated report for the year 2023

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Air Arabia PJSC

Disclosure: Invitation of General Assembly

Air Arabia Company (Public Joint-Stock Company) is inviting shareholders to its Annual General Assembly Meeting (AGM) to be held both virtually and physically at their head office on Airport Road, next to Sharjah International Airport, at 11:00 am on Friday, 15/03/2024. The agenda includes the approval of the Board of Directors' report on the company's activities and its financial position for the fiscal year ended 31/12/2023, the Auditor’s Report for the same period, and the company's balance sheet and profit & loss account. The board is also proposing a cash dividend distribution of 20% of the share capital, equivalent to 20 fils per share. The meeting will also consider the approval of the directors’ remunerations, discharge the Board of Directors and Auditors from liabilities for the fiscal year ended on 31/12/2023, and appoint external auditors for the fiscal year 2024. Electronic registration, attendance, and voting will be available, with details sent via SMS to shareholders a day prior to the AGM.

1. Attached Document

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