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Air Arabia has announced that a board of directors meeting will be held on Monday, August 12, 2024, at 3:00 PM. The meeting will focus on discussing the financial results for the second quarter of 2024.

Agthia Group PJSC reported a 14.7% year-on-year (YoY) increase in net revenue, reaching AED 2.5 billion, and a 31.8% YoY rise in group net profit for the first half of 2024. The company achieved strong revenue growth across all segments and significant profitability expansion, maintaining its full-year guidance. Key financial highlights include a 19.9% YoY increase in Group EBITDA and a 25% increase in interim cash dividends to 10.31 fils per share, pending AGM approval. Segment-specific performance included notable growth in snacking, protein and frozen foods, water and food, and agri-business, with significant contributions from innovation and market expansion despite the impact of currency devaluation in Egypt.

Agthia Group PJSC reported a 14.7% year-on-year increase in net revenue to AED 2.5 billion and a 31.8% year-on-year growth in net profit for the first half of 2024. The group saw significant growth across all four business segments, leading to an increase in both EBITDA and net profit margins. Agthia maintained its full-year guidance and announced a 25% increase in interim cash dividends. Key highlights include a 19.5% revenue increase in the snacking segment, a 7.2% rise in the protein and frozen segment, a 4.0% growth in water and food, and a 25.4% increase in the agri-business segment. Despite currency devaluation impacts in Egypt, the company achieved strong performance and continued innovation across its product portfolio.