Air Arabia PJSC, the first and largest low-cost carrier in the Middle East and North Africa, has announced its Annual General Assembly Meeting (AGM) to be held on March 17, 2025. The meeting will take place both virtually and physically at the company's headquarters in Sharjah, United Arab Emirates. This AGM is set to be a significant event for shareholders as it will cover key financial reports and proposals for the fiscal year 2024.

The agenda includes the approval of the Board of Directors' report on the company's activities and financial position, the auditor's report, and the company's balance sheet and profit and loss account for the fiscal year ending December 31, 2024. One of the most notable proposals is the distribution of a 25% cash dividend, equivalent to 25 fils per share, totaling AED 1,166,675,000. This generous dividend proposal reflects Air Arabia's robust financial health and commitment to rewarding its shareholders.

Furthermore, the AGM will address the approval of the Board of Directors' remuneration and the discharge of both the Board and auditors from liabilities for the fiscal year 2024. The appointment of external auditors for the fiscal year 2025 and the determination of their fees will also be discussed.

Air Arabia's positive financial results for 2024 underscore its resilience and strategic prowess in navigating the competitive aviation landscape. The proposed dividend is a testament to the company's strong cash flow and profitability. As a leading player in the low-cost carrier sector, Air Arabia continues to expand its network and enhance its service offerings, positioning itself for sustained growth.

Given the company's solid financial performance and strategic initiatives, the outlook for Air Arabia remains optimistic. For investors, the proposed dividend and the company's growth trajectory suggest a favorable investment opportunity. Therefore, the recommendation is to buy Air Arabia shares, as the company is well-positioned to deliver value to its shareholders in the coming years.