Air Arabia PJSC

A consortium consisting of Air Arabia, Nesma Group, and KUN Holding has won the bid from the General Authority of Civil Aviation (GACA) to establish a new national low-cost airline based at King Fahd International Airport in Dammam. The airline aims to improve air connectivity for the Eastern Province, support the Kingdom's aviation sector growth, and contribute to economic development and job creation. The consortium plans to operate 24 domestic and 57 international destinations with 45 aircraft by 2030, serving approximately 10 million passengers. This initiative aligns with Saudi Vision 2030 and seeks to enhance tourism infrastructure and stimulate the local economy.

Air Arabia PJSC and its subsidiaries have released their condensed consolidated interim financial statements for the three-month period ending on March 31, 2025. These financial statements are unaudited.

Air Arabia reported a strong financial performance for the first quarter of 2025, with a net profit of AED 355 million, marking a 34% increase from the previous year. The airline's turnover rose by 14% to AED 1.75 billion, and it carried 4.9 million passengers, an 11% increase compared to the same period in 2024. The average seat load factor remained steady at 84%. These results reflect the airline's continued network expansion and market leadership in the Middle East and North Africa region.

Air Arabia reported a net profit of AED 355 million for the first quarter of 2025, marking a 34% increase compared to the same period in 2024. The airline's turnover rose by 14% to AED 1.75 billion. Additionally, Air Arabia carried 4.9 million passengers, an 11% increase from the previous year's first quarter, with an average seat load factor of 84%.

The Board of Directors of Air Arabia held a meeting on Tuesday, May 13, 2025, at 3:00 PM. During this meeting, they approved the financial results for the first quarter of 2025.

Air Arabia has announced that its board of directors will meet on Tuesday, May 13, 2025, at 3:00 PM. The meeting will focus on discussing the financial results for the first quarter of 2025.

The Air Arabia Annual General Meeting (AGM) was held today at 3:00 PM as previously announced. During the meeting, the AGM approved a cash dividend distribution of 25% of the capital, equivalent to 25 Fils per share.

The Board of Directors of Air Arabia Company (PJSC) invites shareholders to attend the Annual General Assembly Meeting, which will be held both virtually and physically at the company's head office beside Sharjah International Airport, on Monday, March 17, 2025, at 3:00 pm. The agenda includes: reviewing and approving the Board of Directors' and Auditor's reports for the fiscal year ending December 31, 2024; discussing and approving the company's balance sheet and profit & loss account for the same period; considering a proposal for a 25% cash dividend distribution; approving the Board of Directors' remuneration; discharging the Board and auditors from liabilities for the fiscal year ending December 31, 2024; and appointing auditors for the fiscal year 2025 and determining their fees.